Credit, Collections & Insolvency News
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…
Read moreConversational middleware company Webio has announced it has achieved ISO 27001 certification. ISO 27001 is the internationally recognised Information Security Management Standard that proves an organisation’s commitment to the security of their customer, employee and shareholder’s information. The information security management accreditation has been achieved by demonstrating Webio’s commitment to protecting data and corporate information. …
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Glasgow-based software provider, HubSolv has announced a move to a new office in Glasgow City Centre, as part of the company’s expansion plans. Located in a prime location within Glasgow city centre, HubSolv’s new office is a stone’s throw from their previous setting, and it is more than double in size totalling 2,896 square foot.…
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Challenger bank N26 has announced that it will exit from UK banking market. The banks says that with the UK having left the European Union, that it will be leaving the UK market. The timings and framework outlined in the EU Withdrawal Agreement mean that the company will in due course be unable to operate…
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Credit risk analytics specialist, Jaywing, has been appointed by Skipton Building Society as their independent model validation partner. The partnership began with Jaywing’s validation of Skipton’s IFRS 9 models in September 2019. Having demonstrated its modelling and regulatory expertise through this initial project, Jaywing was then commissioned to extend its work with the validation of…
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Buy to let mortgage lender Molo has announced an open banking technology partnership with Experian. Molo is the UK’s first fully digital mortgage lender has streamlined the traditionally painful mortgage process, granting near-instant decisions, along with fair, secure, direct-to-customer lending. No paper, no appointments, no middlemen and no months of waiting for a decision –…
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Specialist consumer lender, 1st Stop Group has announced an open partnership with AccountScore. AccountScore provides actionable insights and analytics on bank transaction data for its clients. The partnership will enhance the service 1st Stop offers customers, enabling them to use Open Banking to monitor their financial fitness and identify areas for improvement. The data provided…
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LendingMetrics has announced a partnership with finance provider TFS Group. TFS, which specialises in ‘guarantor’ unsecured credit and lending to those unable to access high-street banks, is now using LendingMetrics’ award-winning automated underwriting platform Auto Decision Platform (ADP), together with its LMX and OpenBankVision products. Having used credit reference data, TFS Loans wanted to use…
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A new Collections and Enforcement specialist has launched. Chartsbridge says that it aims to provide the first unified motor finance collections and recovery outsource service in an otherwise fragmented marketplace, with their services available to clients on a modular or a full partnership basis. Chartsbridge has been launched by John Ingram – who originally founded…
Read moreOver a million people are expected to receive communications from their credit card providers by the end of March asking them to increase their payments. StepChange Debt Charity has launched a dedicated new online information and guidance hub and an interactive credit card repayment calculator for people receiving these ‘persistent debt’ letters. People who have…
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