Credit, Collections & Insolvency News
EDF Energy has announced the appointment of Philippe Commaret to Managing Director of Customers, overseeing the company’s diverse retail business in the UK. Commaret joins EDF Energy from EDF in France, where he was a Director of Sales and previously, Director General of ÉS Énergies Strasbourg, part of a majority-owned subsidiary of EDF Group, which…
Read more
UK Finance, the trade organisation representing the banking and finance industry operating in the UK, has announced the appointment of RBS’ Lloyd Cochrane as the new chair of its Mortgages Product and Service. He will replace outgoing chair Richard Rowntree, UK Mortgages Director, Bank of Ireland UK, in January 2020. The UK Finance Mortgages Product…
Read moreBreeze Energy, a gas and electricity supplier with just under 18,000 domestic customers is ceasing to trade. Under Ofgem’s safety net, the energy supply of Breeze Energy’s customers will continue and outstanding credit balances of domestic customers will be protected. Ofgem will choose a new supplier to take on all of Breeze Energy’s customers. This…
Read more
Arrow Global Group has announced has raised €838 million for inaugural pan-European NPL (Non-Performing Loans) fund. Arrow says raising the Fund is a major achievement in the development of the company’s fund management capabilities and is central to the Group’s strategy to accelerate towards a more capital-light model. Lee Rochford, Group Chief Executive Officer of…
Read more
Loan management platform, Anchor has announced that it has completed its integration between payments technology provider – Acquired.com and multichannel payment specialist CashFlows. This new integration allows Anchor’s existing and future client base to have the option of adding the most advanced payment technologies to their payment and collection strategies. Providing access to new products…
Read more
Collections specialist ACS has announced that it has revamped its utility debt collection portfolio to emphasis the broad range of services available and to package its unique approach to utility debt collection in a new flagship service Collect+. The revamped portfolio offers utility providers a simpler and wider choice of services for managing and collecting…
Read more
Amigo has announced a number of changes to the board including the appointment of new non-executive Directors, the Chairman of the Board and the Chair of the Remuneration Committee standing down through an orderly process and the resignation of the CEO. The Richmond Group Ltd has notified the Company of its intention to exercise its…
Read more
Business process services and software provider Target Group has announced the appointments of public sector expert Richard South who has joined as Business Development Director and Helen Adams as Bid Manager. Reporting into Chief Commercial Officer, Stuart Anderson, South will be drawing on over 20 years of client services experience, focusing primarily on public sector…
Read more
Provident Financial has announced the appointment of Neeraj Kapur as Chief Finance Officer (CFO). Kapur will join the board and start as Chief Finance Officer on 1st April 2020. Kapur is currently Group Chief Financial Officer at Secure Trust Bank plc. He has a strong retail banking background, including consumer finance and savings products expertise.…
Read more
Eleven new brokers will start training with Just Mortgages’ broker academy in the New Year after coming through a rigorous selection procedure. The new members will join Just Mortgages Employed division, with a further selection process for the self-employed division to open in January. The new recruits will undergo an intensive training programme over five…
Read more
Secure Trust Bank has become the first UK lender to complete live deployment of credit application models built using Archetype, the proprietary ‘explainable’ AI-driven software of credit scoring from Jaywing. The Archetype software generated a significant uplift in predictive power compared to a traditional linear model and is projected to provide substantial reductions in bad…
Read moreFintech firm PayBreak has announced that it is set to use an automated decisioning platform from LendingMetrics as part of its growth plans. The company, which specialises in digital point-of-sale finance through online retailers, will deploy LendingMetrics’ award-winning ADP to build rules, scorecards and matrices using a variety of data sources so that they can make…
Read more
Coventry Building Society has named Steve Hughes as its new Chief Executive. Hughes, currently boss of Principality Building Society, is replacing Mark Parsons, who announced his retirement in October. Hughes is a qualified management accountant with over 25 years’ finance experience across a range of industries including manufacturing, retail and insurance, including finance director of…
Read more