Credit, Collections & Insolvency News
Credit union network My Community Finance has gone live with an automated decisioning platform (ADP) with LendingMetrics. The adoption of ADP has allowed the London-based network to shift from a hard-coded in-house loan origination system with limited decisioning capabilities, to a fully automated customer origination solution that delivers instant credit decisioning. Neil Williams, Managing Director…
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Home collected credit (HCC) lender, Morses Club has announced its latest company results. As part of the results, the company has highlighted that it has issued £85.5 million worth of credit in the 27 weeks to 31 August 2019. The trading update said that trading conditions in our the HCC market remain in line with…
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Global information and insights provider TransUnion has announced two new executive appointments. Shail Deep joins as Chief Product Officer and Ann-Marie Orange joins as Chief Information Officer, Deep, who has over 20 years’ experience – both in the UK and globally – across retail banking and technology consulting, joins the business as chief product officer.…
Read moreChallenger credit bureau, Credit Kudos has announced that it has strengthened its team with the appointment of David Fletcher as VP of Sales. Fletcher joins Credit Kudos after 5 years at Dealflo (now OneSpan), an identity and agreement automation Fintech. Prior to this, Fletcher spent 7 years at the credit reference agency, Callcredit and has…
Read moreAuto-decisioning technology provider,LendingMetrics has announced that it has appointed Michele Pothecary as Sales Operations Coordinator. Pothecary joins from a major South Coast infrastructure company where she headed up the Customer Relations operation as Customer Experience Manager for the past 10 years. The company says Pothecary’s appointment will allow LendingMetrics’s business development team to spend more…
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Specialist consumer lender, 1st Stop Group Limited (1SG) has announced that it has increased its credit facilities with its current funding syndicate. 1SG’s main funders, Citibank, have agreed to increase its existing facility by a further £75 million to £225 million. This increase reaffirms Citibank’s support for 1SG in the near prime specialist finance sector. …
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Just Mortgages has appointed three new divisional Sales Directors. Peter Kendall, Mike Peet and Tony Richards, will be responsible for more than 30 mortgage and protection advisers across the Just Mortgages group. They will support and advise their teams, helping them to achieve their individual goals by identifying leads, increasing cross-sales and developing and reviewing…
Read moreSpecialist Motor Finance (SMF) and LendingMetrics have announced they have entered automated decisioning technology partnership. SMF is using Lending Metrics’ ADP platform, which has been developed to free lenders from the cost burden of manual loan underwriting, while giving them access to data analytics, risk-based pricing and affordability assessment via the Open Banking revolution. It…
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Motor finance car broker, CarMoney, has strengthened its executive team with the appointment Niall Cameron as General Manager of its retail team. Cameron joins CarMoney Phoenix Honda, where he has spent the last eight years. CarMoney Managing Director Alastair Grier said “We are delighted to have been able to attract someone of the calibre of…
Read moreEuropean credit management services specialist Lowell has announced another positive quarter in its latest results for the period 1 April to 30 June 2019,The company says it has a strong pipeline across all regions with £166 million capital deployed on portfolio acquisitions in H1 2019 Colin Storrar, Group CEO, said ”I am really pleased to…
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Guarantor loans company, Amigo Loans, has announced its results for the three month period ended 30 June 2019. In the quarter Amigo saw customer numbers by 17.3% and revenue increase by 13.7% to £62.9 million. A rise in impairment and increased investment delivered adjusted profit after tax of £20.4 million. Hamish Paton, CEO of Amigo,…
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Vehicle leasing company Alphabet has appointed Miles Tetlow as Head of contract management and Hannah Broad as Head of collections. Tetlow, who has worked for Alphabet since 2012, moves from his previous role as head of collections to take up his new role. In his new position, Tetlow will oversee the company’s contract servicing operations…
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Global technology company, Pitney Bowes, a provider of solutions for e-commerce, shipping, mailing, data, and financial services, has announced that it has entered into a definitive agreement to sell its software solutions business to Syncsort for $700 million in cash. The transaction is expected to close before the end of the calendar year, pending regulatory…
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