Credit, Collections & Insolvency News
Anti Money Laundering (AML) services specialist, SmartSearch has added a new facial recognition feature to its award-winning digital AML platform, with visual confirmation of customer ID feature. Due to the restrictions on travel currently in place in response to the Covid-19 outbreak, prospective new customers are unable to present ID documents and proof of address…
Read more
Debt charity StepChange has launched a new, streamlined referral process to make it easier for creditors to refer people to the charity if they need help managing their financial situation. The scheme is initially rolling out through a selection of creditor and charity partners, each of whom has clients or customers who may have cause…
Read more
TransUnion has appointed Bill Flynn as General Counsel and Chief Risk Officer for its UK business. In this role, Flynn will lead TransUnion’s engagement with industry regulators and oversee in-house legal, risk, compliance and company secretarial functions. With significant experience in financial services, Flynn has held leadership roles with high-profile businesses operating across Europe and…
Read more
Non-standard financial services lender, Morses Club has announced that it has secured an extension of its revolving credit facility (RCF) with its existing funding syndicate until the end of November 2021. The Company has agreed a reduction in the level of the facility from £50 million to £40 million to better reflect the requirements of…
Read more
MotoNovo Finance have announced that they will extend partnership with Flexys Solutions which will allow the company to implement a digital hardship evaluation tool that enables customers to securely provide information about their changed circumstances via a digital form. The data collected is then automatically triaged using configurable rules and followed up using automated workflow…
Read moreRegTech platform TruNarrative has announced a partnership ikigai. The company will use TruNarrative’s regtech platform to provide customer onboarding and financial crime detection. TruNarrative enables businesses to detect fraud and identify risk using a single API. Their technology is used to strengthen fraud detection and compliance across the globe in a range of industries including,…
Read moreCar Insurer, Admiral has revealed that it will give back £110million to its car and van insurance customers in recognition of the fact that its customers are staying at home and driving less during the UK wide Covid-19 lockdown. A £25 refund will be automatically given to all customers for each car and van covered with…
Read more
Online gambling operator, BetVictor has announced a partnership with global information and insights company TransUnion. The company says that whilst the gaming sector is experiencing a significant impact in light of the COVID-19 pandemic, with major events and sports fixtures cancelled in light of social distancing, it is as important as ever to ensure consumers…
Read more
Duff & Phelps has announced that it has appointed Joanne Wright as Managing Director in its Restructuring Advisory practice. She will lead the firm’s UK Personal Insolvency team. Wright, who is based in Manchester, joins Duff & Phelps with over 30 years of experience in the insolvency industry, with the last 20 years spent specialising…
Read moreBanking and lending software provider, Phoebus Software has appointed Mehran Radfar to be its new Chief Operating Officer (COO). His main focus will be to drive change and to deliver operational excellence. Prior to joining PSL, Radfar spent 35 years at Unisys, in the last four of which he was Vice President, heading up Unisys’…
Read more
Consumer credit technology and outsourced services provider, Equiniti Credit Services (EQCS), has announced that it has been chosen by Cardiff-based bank, Hodge, to create a flexible digital mortgage servicing solution. This latest client win is significant for EQCS and marks its move into the mortgage market for the first time. EQCS is working with Hodge…
Read more
Money-saving app Snoop has launched ahead of schedule in an effort to help consumers hit by the impact of COVID-19 cut costs. The app, founded and led by former Virgin Money boss Jayne-Anne Gadhia, uses open banking technology to connect to a customer’s bank account and credit cards and analyse the data to identify areas…
Read more
Morses Club, a provider of non-standard financial services, has announced the launch of a fully remote lending product within its Home Collected Credit (HCC) division. The new offering, which has been developed in-house, is available to all existing Morses Club HCC customers and is fully compliant with all regulatory requirements. All necessary checks and agreements…
Read more