Credit, Collections & Insolvency News
OVO Energy has completed the acquisition of SSE’s UK household energy business. The merger combines SSE’s scale and OVO’s technology capabilities which will enable millions more customers to decarbonise their homes, while keeping their costs down. With the acquisition completed, the leadership teams from both companies will collaborate on a more detailed plan on how…
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Evolution Funding has expanded its field sales team with the appointment of four key personnel from former Barclays Partner Finance (BPF). The new arrivals follow hot on the heels of BPF’s national accounts director Keith Bell taking the role of sales director, with previous Sales Director, Chris Coverdale, becoming Group Sales Director. Neil Holland takes…
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Provident Financial says its credit card business, Vanquis Bank, performed “modestly above expectations” in the fourth quarter, adding that it expects to report full-year results in line with market expectations. The company also said that its consumer credit division also had delivered results in line with its plans. Consistent with the group’s strategy set out…
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Paragon has appointed Richard Rowntree as Managing Director of Mortgages to spearhead growth across its mortgage businesses. Rowntree joins from the Bank of Ireland, where he was Managing Director of UK Mortgages and will be responsible for Paragon’s lending activities across buy-to-let, second charge and residential mortgages. Rowntree takes over from John Heron, who retired this…
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Audit, tax and consulting firm RSM has announced growth plans for its creditor services business, including substantial new investments in products, people and premises. As part of a long-term strategy, the firm is further enhancing its product portfolio designed to help businesses manage credit risk among suppliers and customers. Significant investments are being made in…
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Credit risk specialist Jaywing has been appointed to support the growth of HSBC’s expat business, which provides specialist support to people living and working abroad Through its data-driven and creative capabilities, Jaywing’s work looks to help the Bank uncover the next generation of expats. Jaywing’s remit extends to developing the HSBC Expat brand across all touchpoints…
Read moreMoney Advice Scotland is piloting open banking technology from Experian which could help them to speed up the initial stages of debt advice. The money charity’s new webchat service uses Experian’s open banking tool, the Affordability Passport, to gather crucial income and expenditure data, as well as a statement of consumer credit debts. It takes…
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Payments technology company Acquired.com have been granted full PISP (Payment Initiation Service Provider) accreditation by the Financial Conduct Authority (FCA). The exciting milestone will allow Acquired.com’s clients to access ledger to ledger payment capabilities, providing them with real time direct transfers without the costs, delays and administration associated with traditional processes via card schemes and…
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Belmont Green has announced that Anth Mooney, former Director of Financial Services at Virgin Money, has been appointed Chief Executive Officer (CEO), subject to regulatory approval, and will be taking up his position in late January. Mooney brings deep experience in the mortgage and savings market as well as more broadly in the financial services…
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Louisa Sedgwick has been promoted to Managing Director mortgages at Vida Homeloans. Sedgwick has been Director of Sales at Vida since its launch in 2016 and is well known in the mortgage industry, having recently become the first female chair of the Intermediary Mortgage Lenders Association. Sedgwick said: “In just three years Vida has successfully completed…
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Lantern Debt Recovery Services has achieved a ‘gold’ award from customer experience experts, Investor in Customers (IIC). This is Lantern’s third IIC assessment – with scores steadily increasing from ‘Silver’ in 2017 and 2018 to Gold this year. IIC is an independent assessment organisation that conducts rigorous benchmarking exercises. These exercises determine the quality of…
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Consumer Credit Solutions (CCS) has announced the appointment of Colin Macpherson as Business Development Manager. He has taken on account management responsibility for home improvement retailers across Scotland. Macpherson has over 40 years’ experience in consumer finance, working mainly for American-owned UK banks specialising in unsecured point-of-sale credit. More recently Macpherson has gained experience in…
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Aberdein Considine has announced that it has strengthened its Lender Services Practice Group (LSPG) with the appointment of a UK banking veteran Colin Soulsby as Client Relationship Manager. Soulsby has left his senior role with the Royal Bank of Scotland to join the firm in a newly-created relationship management role. During a four-decade career in…
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