Credit, Collections & Insolvency News
Skipton Building Society and Experian have announced a new partnership with the aim to save mortgage applicants from the hassle of gathering their paper bank statements by adopting Open Banking technology. The new agreement will mean that people applying for a mortgage will have the option of giving consent for Skipton to securely view their…
Read moreThe merger between Charter Court Financial Services and OneSavings Bank has been completed. The deal unites the specialist mortgage brands of Kent Reliance and Precise Mortgages however both will continue to operate as separate brands. Charter Court, owner of Precise Mortgages, stakeholders will own 45% of the combined group whilst OneSavings Bank, owner of Kent…
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The Competition and Markets Authority (CMA) has raised competition concerns over the merger of Bottomline and Experian Payments Gateway (EPG) Both companies provide payment software used by businesses every day to submit direct debits, run payroll and pay suppliers. This directly connects to the UK’s Bankers’ Automated Clearing Services (Bacs) scheme Bacstel-IP service and Faster…
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Newcastle Intermediaries has hired three new Business Development Manager (BDMs) to cover the Midlands, South West and Home Counties and the North East and Scotland. Jamie Cullen, who now looks after the South West and Home Counties has over 16 years’ experience in the financial services industry, and has previously worked for almost 10 years…
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The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase industries, has appointed Peter Hayle to the newly-created role of Director of Finance and Operations. Hayle, who has a career spanning more than 30 years, will have a broad role supporting the CSA executive team, enabling the CEO and the…
Read moreChallenger credit bureau Credit Kudos has announced the releases of their newest credit risk scoring metric, the ‘Liquidity Score’. Using Open Banking data, the newly introduced Liquidity Score predicts how liquid an individual will be in the future, i.e. the likelihood an individual will remain above £0 or above their unarranged overdraft across all bank…
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A new company has announced its launch as a free digital marketplace for the management, oversight and enforcement of judgment debt. The company focuses on ensuring that creditors are paid what they’re owed and that debtors are treated fairly, whilst raising standards across the whole High Court Enforcement industry. Te launch marks the first time…
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Monevo, Europe’s largest personal loan marketplace and platform has scored a hat-trick of new partners with Confused.com, Monese and Yolt. The hat-trick follows on from a series of wins for the global fintech company, which is based in the UK. Confused.com, Monese and Yolt now join a host of other brands seeking to enhance their…
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Aldermore, the specialist bank, has announced that Claire Cordell, its Director of Finance, will become its new Chief Financial Officer (CFO) and an Executive Director on its board. The news follows the decision of James Mack, the current CFO, to leave Aldermore after six years to become the new CFO at Barclays Bank in February…
Read moreCabot Financial, the UK debt purchase arm of the Cabot Credit Management group, has launched a new graduate analytics programme, with four new recruits. The programme, aimed at those seeking a long term career in analytics, is set to run for two years and the graduates will get the opportunity to work in four of…
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One of the largest guarantor lenders, UK Credit, has secured over £17.5 million in funding from Paragon. It is the latest deal for Paragon’s Structured Lending team, which has already provided over £130m of funding across a range of specialist lenders spanning consumer finance, point of sale funding, SME lending and property backed finance. Lewis…
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The Royal Bank of Scotland Group (RBS) has announced the appointment of Alison Rose as Executive Director and Chief Executive Officer (CEO). Rose, currently Deputy CEO NatWest Holdings and CEO Commercial and Private Banking, will take up the position on 1st November 2019 after an orderly handover has taken place. Ross McEwan will formally step…
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Bluestone Mortgages has announced the appointment of Steve Seal as Managing Director (MD). Seal joined Bluestone Mortgages in September 2017 as Director of Sales & Marketing and brings 24 years of financial services experience to his new role. Since joining the business, Seal has been instrumental in developing Bluestone’s mortgage proposition and positioning the business…
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