Credit, Collections & Insolvency News
Morses Club, says it is making good progress in accelerating its strategy of serving its customers via remote methods of lending and collection. As part of its latest results the doorstep lender says that customer responses to the launch of its remote lending remain positive. Subscribers to Morses Club’s online customer portal, which enables remote lending…
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The Financial Conduct Authority (FCA) has announced proposals to ensure that firms provide tailored support for users of consumer credit and overdraft products who continue to face payment difficulties due to coronavirus (Covid-19). The proposals will cover users of credit cards and other revolving credit (store card and catalogue credit), personal loans, overdrafts, motor finance,…
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Tesco Bank is to become the first UK bank to introduce new technology that allows its 2.6 million credit card customers to more easily manage and pay their balance. The ‘Pay by Bank’ facility will be provided by Tesco Bank and enabled by Mastercard’s Open Banking Connect™ service. It allows Mobile and Online credit card…
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Paragon Bank has announced that it will adopt TruNarrative ‘s RegTech platform to power bounce-back loans initiative. The decision follows Paragon Bank’s recent approval from the British Business Bank, enabling Paragon to deliver Bounce Back Loans to SMEs coping with the Covid-19 economic situation. Via a single API, the TruNarrative platform delivers automated customer onboarding,…
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Hope Capital has announced the appointment of Mike Watson as a Senior Underwriter. Watson joins Hope Capital from Together, where he was Senior Bridging Underwriter. He has also previously worked as an underwriter for Evolution Finance, and is CeMAP-qualified from the London Institute of Banking & Finance. Gary Bailey, Managing Director of Hope Capital, said…
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A Deloitte report has placed HubSolv on the 500 fastest-growing companies in EMEA through their Technology Fast 500 annual programme. For the 2019 fiscal year, HubSolv ranked 165th across Europe, the Middle East & Africa for company growth, boasting a 850% increase in revenue from 2015-2018. Fraser Hamilton, Co-Founder of HubSolv, offered his thoughts upon…
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David Landen has been named as Hodge Bank’s new Chief Executive Officer (CEO), with immediate effect. Linden is one of Hodge’s longest-serving staff members, having joined the Cardiff-based bank in 2002. He has held several roles within the company and was appointed to the Board as Chief Financial Officer in 2011, before being named as…
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Anti-money-laundering (AML) firm SmartSearch has been named in the Sunday Times Sage ‘Tech Track 100’ for a second successive year. The list, published on Sunday, recognises Britain’s 100 private tech companies with the fastest-growing sales over a three-year period. Earlier in the year, the Yorkshire-based firm also reached 15th position in the Sunday Times Profit Track…
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Later-life lender LiveMore Capital has announced that it will use Experian’s data services to understand and onboard new customers as it expands its presence in the over 55s mortgage market. LiveMore, a specialist provider of retirement interest-only (RIO) mortgages, will use Experian’s CrossCore for identity validation checks to approve customers who meet its compliance policy…
Read moreConsumer credit technology specialist EQ Credit Services will offer mortgage services as an end-to-end loan servicing platform, to banks, building societies and other specialist mortgage providers as part of its new launch called EQ Mortgage Services. The service will see clients move to its API-led platform – EQ Borrowbox – and supported by a team…
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Ikano Bank has announced that it has appointed Jaywing to review its new credit decisioning architecture to support its ongoing growth, which will enable it to launch new products across multiple territories. Through this engagement, Ikano Bank’s internal team will benefit from Jaywing’s impartial guidance and years of risk expertise to validate its choice of…
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Lender, Fair Finance. has announced that it has implemented automated decisioning technology with LendingMetrics. Fair Finance specialises in providing loans to those excluded from mainstream lending, has switched from a completely manual underwriting process to one using LendingMetrics’ award-winning automated Auto Decision Platform (ADP). David Wylie, Director of LendingMetrics, said “Fair Finance was keen to…
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Not-for-profit lenders have dominated the winner’s list at Smart Money People’s Consumer Credit Awards 2020. Half of the awards in the 2020 winners announcement were awarded to not-for-profit firms, with five credit unions named among the winners. Now in their fifth year, this is the first time that not-for-profit firms have dominated the Consumer Credit…
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