Credit, Collections & Insolvency News
ClearScore has announced that it has selected Credit Kudos to develop its new open banking powered eligibility solution for products including mortgages, credit cards, and loans. The launch will make a significant difference to thousands of people that currently are either unable to access credit or loans, or are forced to use high-cost options. Through…
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A new payment security report by Verizon, has highlighted the disappointing drop in compliance with the Payment Card Industry Data Security Standard (PCI DSS) for the second year in a row. Compliance now stands at just 36.7% worldwide. With Card-Not-Present fraud set to reach £680m in the UK by 2021 and the findings of this…
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Debt purchasing group Arrow Global is to develop its fund management capabilities after swallowing a 15.1% rise in costs related to IFRS 16. Despite the group’s profits before tax increasing 65.6% to £42.4m and cashflow increasing 14.7% to £174.4m, underlying profits fell 5.4% to £50.4m in the nine months ending in September. Commenting on the…
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Water UK has announced Christine McGourty as its new Chief Executive Officer. McGourty will join the water and sewerage industry’s trade body on 16th December 2019. McGourty has extensive experience in regulated industries and trade bodies, leading the corporate affairs functions at Centrica, British Gas and Energy UK, as well as serving as a non-executive…
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Debt management specialist, Gregory Pennington has joined forces with Personal Group, to offer 60,000 customers access to 24 hours confidential support via Health Assured, online healthcare service videodoc and a number of retail savings and discounts. The company says this combination will assist with the physical, mental and financial wellbeing of those who need it…
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Online mortgage broker, Mojo Mortgages, has announced that it has partnered with Credit Kudos to launch of MortgageScore™, a market-first service for thousands of first time buyers who want to get on the property ladder. MortgageScore™, powered by open banking data from credit bureau Credit Kudos, will bring transparency and openness to a secret market.…
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The Credit Services Association, the voice of the UK debt collection and debt purchase sectors, has maintained its Silver accreditation from Investor in Customers, and it has been congratulated for continuing to provide an outstanding experience to its Members. The independent Investor in Customers (IIC) assessment process surveys employees, management and customers to determine the…
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Oodle Car Finance has appointed Equiniti Credit Services (EQCS), as its standby servicer following the successful completion of its first asset-backed securitisation, worth £350 million. The oversubscribed transaction saw the fast-growing, online, used-car finance provider attract demand from 14 European and international bond investors. With EQCS in place as its ongoing standby servicer, Oodle has…
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Credit provider, Provident Financial said it has >continued to deliver results in line with its internal plans during the third quarter. Publishing its latest trading results, the firm says all three of its divisions are producing good business volumes and a stable impairment performance. However, it also says it is continuing to cut headcount at…
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International technology-led services and payments specialist, Equiniti has announced that it has opened EQ Tek, a new R&D facility for its client-facing applications. Headquartered in Krakow, Poland, EQ Tek will create an additional 150 roles for high-calibre developers as well as systems and UX experts within Equiniti. The team will be developing best-in-class applications and…
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Credit management service provider, Cabot Credit Management has announced the financial results for nine months ending 30th September 2019. The show that the credit services firm revenues increased to £279.8 million up 12 percent on the £250.5 million from the same period in 2018. Debt purchase collections reached £354.8 million over the first nine months…
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Credit Kudos, has been announced as a double finalist in Nesta Challenges’ Affordable Credit Challenge, using open banking to help community lenders support even more borrowers, particularly those in the public sector. Originally announced in the 2018 Budget by the then Chancellor, Philip Hammond, the Affordable Credit Challenge is run in partnership with HM Treasury.…
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Consumer and business insights specialist, Equifax has appointed Jayadeep Nair as Chief Product and Marketing Officer for its UK and Ireland business. With over two decades of experience in financial services across product and propositions development, Nair will oversee all product and marketing activities at Equifax across the UK and Ireland. He will be based…
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