Credit, Collections & Insolvency News
Debt solution specialist, Flexys has announced the launch of a COVID-19 hardship evaluation tool. Flexys says that with 900,000 people applying for universal credit in the space of two weeks and thousands more on furlough or reduced hours, many lenders have experienced up to a tenfold increase in customers contacting their collections and customer service…
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Award-winning fintech, Credit Kudos, has announced the closure of a £5 million Series A funding to support its mission to make affordable credit accessible to all. The investment was led by AlbionVC with participation from a stellar consortium of fintech and tech investors such as TriplePoint, Plug & Play Ventures, Ascension Ventures’ Fair by Design…
Read moreCredit management services company, Lowell has announced that it has signed up to the C-19 Business Pledge, and comes on the back of Lowell extending its commitments to customers during the coronavirus pandemic. The C-19 Business Pledge was launched by Rt Hon. Justine Greening, and has the backing of a number of other Members of…
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The Initiative for Financial Wellbeing (IFW) is announcing plans to support people with managing their financial wellbeing as they consider their financial resilience during the current crisis. The IFW has already begun sharing budgeting, money saving, and income maximising tips via its website and social media. The newly launched Financial Coaching Stream is working on…
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Experian has joined businesses from across the UK in an initiative to help the country and its most vulnerable citizens to pull through the coronavirus crisis. Former Cabinet minister Rt Hon Justine Greening has launched the C-19 Business Pledge. The national scheme encourages businesses to join the coronavirus effort by pledging to help their employees,…
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The Initiative for Financial Wellbeing (IFW) has announced a new financial coaching stream. The Initiative launched in December 2019 already offers research, tools (turning the research into practical application for financial advisers to help clients be happier), events, connections (connecting with other organisations) and a regional network The IFW was formed to provide a meeting…
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A new Bournemouth-based fintech company Outstand.io has launched to help financial service providers better manage their non-performing credit portfolios. The firm’s founders, Dan Ware and Rob Samuel, co-created Outstand.io to assist with direct lender’s debt collection strategies. Outstand.io provides end to end guidance on setting up commercially beneficial relationships with debt purchasers to help improve…
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Smart Search has announced that it has launched a dedicated anti-money laundering service (AML) for businesses adapting to remote working The company says that with the government now stating all non-essential businesses should work from home where possible and minimise the amount of time we spend around other people, experts advise there’s never been a…
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Smart Energy GB has announced the appointment of Dan Brooke as the company’s new Chief Executive. Brook will be joining Smart Energy GB in May, taking over from Smart Energy GB’s founding Chief Executive Sacha Deshmukh who is moving on to become Chief Executive of UNICEF UK. Smart Energy GB’s Director of Finance & Operations…
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Data On Demand has announced the appointment of Mark Davison as its new Non-Executive Chair. Davison was a Board Level Director at Callcredit for over 20 years and was part of the Executive Team that oversaw three major transactions – for values of £100 million, £400 million and £1 billion. Davison exited his role as…
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The Vision Blue Group has announced that it has rebranded as The Aryza Group. With a head office in Dublin, Vision Blue will bring together its range of financial services products, under a new brand designed to reflect the breadth of the offering to financial service providers and their customers. Colin Brown, Chief Executive Officer…
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Ofgem has announced that Gnergy, a gas and electricity supplier with around 9,000 domestic customers and a small number of non-domestic customers is ceasing to trade. Under Ofgem’s safety net, the energy supply of Gnergy’s customers will continue and outstanding credit balances of domestic customers will be protected. Ofgem will choose a new supplier to…
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An in-depth investigation by the Competition and Markets Authority (CMA )has found that payments company Bottomline’s purchase of Experian Payments Gateway does not raise competition concerns. Bottomline and EPG provide payments software used by businesses to submit direct debits, make payroll payments and pay suppliers. This software allows customers of both companies to make payments…
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