Credit, Collections & Insolvency News
Qualco UK has appointed five staff members, growing its team, following a succession of significant client wins. The company provides panel and asset management software and analytics to optimise collections on behalf of clients in the financial services, utilities, telcos and home shopping sectors. The onboarding of new clients, including the UK Government, presents Qualco…
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Principality Building Society has announced the appointment of Julie-Ann Haines as Chief Executive Officer, subject to regulatory approval. Haines joined the Society as Head of Strategy and E-Channels in 2007 and is currently the Chief Customer Officer. She has more than 20 years’ corporate experience in retail and financial services. In her current role she…
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Zopa has announced that it has been granted a banking licence and duly announced it would be launching a new digital bank offering a fixed-term saving account followed by a credit card later in the year. These new products will launch in addition to Zopa’s existing personal loan and car loan products. Zopa Bank will…
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Qualco has been appointed to support the HM Government in the delivery of Crown Commercial Service’s (CCS) Debt Management Services (DMS) Framework for a fixed period of 30 months. The DMS Framework is a new government initiative that will offer all public sector organisations access to private sector debt management services. Framework users will gain…
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EQ Credit Services (EQCS) has announced the appointment of Mark Webster as Mortgage Account Director. Webster will be responsible for driving uptake of EQCS’s consumer credit technology and outsourced services among mortgage providers, following its expansion into the sector in April this year. Webster joins EQCS from Unisys and brings more than 20 years’ experience…
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Equiniti has announced that it has changed its name to EQ to unify branding across its core business divisions. EQ provides accessible digital services for regulated markets. It specialises in equity and investment products, pensions, payments and regtech, and performs administration and payment services.. The company says that the new label, EQ, aligns the company’s…
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With numerous reports that donations to non-NHS charities were falling dramatically during the lock-down, during the first two weeks of June, MotoNovo Finance says that it took to the virtual road on a unique virtual charity drive helping a range of charities across the UK by donating £40,000. The route map for the journey saw…
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Thought Machine, the cloud native core banking technology firm, has announced it has teamed up with RegTech specialist TruNarrative to provide Atom bank with financial crime prevention and core banking capabilities. This partnership has enabled Atom to use the TruNarrative platform to conduct a full suite of real-time AML transactional monitoring processes built on top…
Read moreStephen Jones has stepped down as Chief Executive Officer (CEO) of UK Finance following alleged sexist, derogatory comments he made about financier Amanda Staveley during the last recession. Jones resigned after a court heard he made “deeply unpleasant personal comments” about Staveley in October 2008 when he was Managing Director of Barclays Bank, which was…
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The Money and Pensions Service (MaPS) has published its Corporate Plan for 2020/21, outlining the organisation’s strategic priorities and its immediate response to the coronavirus outbreak. The plan was due to be published at the beginning of April but has been delayed to allow a review of how priorities will be flexed in response to…
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Income and expenditure specialist IE Hub has announced a new partnership with Atom bank. The partnership will mean that Atom bank customers who are struggling with mortgage repayments as a result of COVID-19 can now request additional help and support beyond their 3-month payment holiday. IE Hub’s solution allows customers to easily share I&E information…
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Over half of financial services professionals neglect safe data practices working from home according to new research by Tessian. 56 per cent of financial services professionals are less likely to follow safe data practices and 61 per cent feel they can ‘get away’ with riskier behaviour when working remotely. The State of Data Loss Prevention…
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Computershare Loan Services has donated £10,000 from its Charity Donations Fund to the Trussell Trust, a charity which supports a nationwide network of 1,200 food bank centres providing emergency food to people in the UK. Third-party mortgage servicer, Computershare Loan Services sets aside £20,000 annually for its donations fund to help prevent financial hardship and…
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