Credit, Collections & Insolvency News
Chartsbridge has announced that it has selected public services software solutions company Civica, to deliver an enterprise cloud solution for its collections services. The agreement will provide Chartsbridge with improved visibility and control across regulated collections, recoveries and enforcement activities. The company says that harnessing the capabilities of the cloud, the platform comprises of five…
Read more
The Finance & Leasing Association (FLA) has launched a Diversity and Inclusion page for International Women’s Day on Sunday, March 8th, 2020. The page will serve as an information hub for members and includes resources such as the Financial Conduct Authority’s work on diversity and inclusion, and the Women in Finance Charter toolkit. The FLA…
Read more
Freedom Finance and Optimum Credit agree on a new identity partnership with Nivo meaning that customers applying for a second charge mortgage can now use Nivo’s secure communications platform to Nivo ID Passport their personal details and biometric identity profile from broker to lender, cutting out days of effort and speeding up approvals. Freedom Finance…
Read more
The Financial Conduct Authority (FCA) has announced that Cash on Go, trading as Peachy.co.uk and Uploan.co.uk, has been placed into administration. Cash on Go is a high-cost short term lender, otherwise known as a payday lender, which lends small sums to customers until the next payday or up to 12 months. Adam Stephens, Gilbert Lemon…
Read more
Consumer insights specialist, Equifax has announced a partnership with CreditLadder. the UK’s largest rent reporting platform, to include rental payment data in Equifax credit assessments. The collaboration is a boost for the thousands of tenants who use CreditLadder, enabling people who pay their rent on time to access credit at fairer rates. The partnership is a…
Read more
Two financial services experts with more than three decades of combined industry experience have joined Together as it expands its intermediary relationship team. Phil Quinn started his new position as Head of National Accounts with the specialist lender this month as it continues to grow its share of the UK mortgage market. He will be…
Read more
Gregory Pennington, Freeman Jones and Wilson Andrews have been brought together to launch as Financial Wellness Group creating one of the largest providers of free debt advice, and solutions, in the UK. The launch means that as a Group the company will provide advice to over 35,000 people and it is predicted that 10,000 of…
Read more
Anti-money-laundering (AML) firm SmartSearch has moved up more than 300 places in the Financial Times’ (FT) annual list of the fastest-growing European companies. The FT 1000 lists the European companies that have achieved the highest growth rate over 2015–2018. SmartSearch’s placing at 596 compares with its 917th position in last year’s list, on the back…
Read more
Digital mortgage broker, Trussle has announced that it has appointed Ian Larkin as its Chief Executive Officer (CEO). Larkin has held senior roles at Lloyds, Virgin Money, McKinsey and Accenture, most recently served as CEO of Target Group. During his five years at Target Group, the business delivered significant growth using technology to improve productivity, risk…
Read more
Nick Georgiades who joined the Just parent company Arum in 2019 has been appointed as the Managing Director of its subsidiary, six months after its launch in September. Just, the post litigation market integrator has grown fast since launch adding over sixty customers to its list of clients and now provides High Court enforcement solutions…
Read more
G3 Remarketing has announced that Oodle Car Finance will join the growing number of finance vendors to utilise their auction lanes to dispose of vehicles in 2020. Established in 2015, Oodle Car Finance have funded over £660million of car finance to more than 50,000 UK customers. Oodle have grown significantly over the last 12 months…
Read more
Loan applications processed by automated underwriting technology soared at LendingMetrics over the past year. The company has processed over 10 million transactions on its platforms during the last 12 months. The figure represents an increase of more 120% on the previous year, with all sectors of the business surging. ADP – the company’s award-winning credit…
Read more
Guarantor loan specialist Amigo Holdings has announced its interim results for the nine months ended 31st December 2019. The company has withdrawn its guidance for the full year after revealing a sharp drop in pre-tax profits, from £79 million to £53.5 million. Revenue grew 8.5% to £218 million, whilst the net loan book rose 3.8%…
Read more