Credit, Collections & Insolvency News
Provident Financial has announced its preliminary results for the year ended 31st December 2019 with Group adjusted profit before tax up 1.6% to £162.6m (2018 (restated): £160.1m), as the business continues to adapt to the evolving regulatory environment and successfully defended the hostile NSF bid. Malcolm Le May, Group Chief Executive, said “I am pleased…
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Cox Automotive UK has announced that it has appointed Carlos Diaz, Adam Johnson and Mark Bolton to its senior technology leadership team. Diaz joins Cox Automotive UK as its head of software engineering from Preqin Solutions and will help transform software product development. Johnson becomes the new head of service and infrastructure, responsible for leading…
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the Money and Pensions Service (MaPS) has announced the appointment of 11 sector leaders named who it says will help shape the UK’s future financial wellbeing The leaders will chair Challenge Groups which will recommend how the UK can achieve the five national goals set out in the government-backed UK Strategy for Financial Wellbeing, launched…
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Bluestone Group’s expansion in the UK and Irish finance and technology markets has received a substantial boost from alternative asset manager, Pollen Street Capital (“PSC”). The parties have agreed terms on a £15 million capital raising in the form of a 3-year debt facility. Bluestone will use the capital to support the continued growth of…
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Just Mortgages has announced that it has appointed its first female Financial Services Director as it continues its expansion and diversity drive. Kerry-Ann Davies has been in financial services for 16 years having spent 13 years at NatWest where she managed a team of mortgage advisers and helped them to exceed compliance and productivity performance…
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Dow Schofield Watts has announced that it will launch a debt advisory arm. Phil Tarimo will lead the new service, DSW Debt Advisory, which is aimed at medium-sized companies seeking debt funding of £20 million or above. It will initially operate from the firm’s Northern offices but the aim is to roll it out nationally.…
Read moreBilling software specialist Echo Managed Services has appointed four new team members to Aptumo, multi-utility billing software division. The billing technology business has taken on four new members of staff this month, as it expands the team behind its innovative and flexible, customer-friendly billing engine. Following a number of on-going projects and continued interest in…
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StepChange Debt Charity has announced that it is entering into an exciting new partnership with fintech innovator OpenWrks to bring the opportunities offered by Open Banking into its services. StepChange’s new Money Coaching tool, which will be made available to clients accessing support with their persistent credit card debt, will utilise OpenWrks’ sector-leading Open Banking…
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Credit management company, Lowell has appointed Jamie Wilson as Group Chief Financial Officer (CFO). Wilson will join Lowell’s Group Executive team and become a member of the Investor Board. He will take up his new role with effect from 2nd March. Most recently Wilson was EVP and CFO of Avon Products Inc,; prior to that,…
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Yobota, the cloud-based banking platform provider, has selected fintech, Credit Kudos, as its open banking credit bureau, allowing Yobota customers to significantly improve affordability and credit risk modelling. Currently, financial institutions are operating on complex, legacy technology architectures many of which were developed in the 1970s/80s. This not only increases operational cost and risk but…
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Aire, the credit insight service, today launched a range of new services – the Aire Credit Insight Suite – to offer UK lenders greater decision-making power when it comes to assessing customers for credit risk and affordability. Operating across the customer lifecycle, Aire enables lenders to make fairer, more accurate credit decisions about their customers:…
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Bridging Finance Solutions (BFS) have announced that a customer experience partnership, Nivo. The partnership will give BFS digital and remote access the application process. Steve Barber, Managing Director of Bridging Finance Solutions said “We are constantly exploring new ways where technology can improve our business processes, opening and enhancing channels of communication.” “The introduction of…
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The Financial Conduct Authority (FCA) has announced the appointment of Sheldon Mills as the Interim Executive Director of Strategy and Competition. Currently the FCA’s Director of Competition, Sheldon will replace Christopher Woolard as he steps into the role of Interim Chief Executive. He will become a member of the FCA’s Executive Committee. Sheldon joined the…
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