Credit, Collections & Insolvency News
Banking 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’…
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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…
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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…
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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…
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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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