Credit, Collections & Insolvency News
International deceased account management specialist, Phillips & Cohen Associates (PCA) has announced the appointment of several key European executive roles as it continues to expand internationally. Ana Suarez Minguez, has been appointed as Site Director for the business’ Madrid office and will lead the growth of PCA’s Spanish and Portuguese servicing capability. Suarez Minguez is…
Read moreAlternative lender Savvy.co.uk is to create 25 jobs after securing a £20 million investment. The funding, from London-based Cairn Capital, will increase lending capacity for the company that provide an ethical alternative to pay-day loans. Jobs created will be mainly in social media and digital marketing as well as software development for the company which…
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Home Credit lender, Morses Club has reported a strong financial performance in its latest interim results for the twenty-seven weeks ended 31st August 2019, The figures show Home Collected Credit (HCC) adjusted pre-tax profits were up 20.2% to £13.1m (H1 FY19: £10.9m). Group customer numbers have increased to about 276,000, compared to 230,000 for the first…
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SmartSearch a provider of RegTech software focused on Anti-Money Laundering (AML) solutions, has announced that it has received a growth equity investment from Marlin Equity Partners. Marlin is a leading global investment firm with a long track-record of backing and successfully growing software businesses. SmartSearch provides AML software to 4,000 client firms and 40,000 users,…
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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…
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