Credit, Collections & Insolvency News
Debt purchase and management specialist, Arrow Global, has reported a more than 200% increase in half-year profits. Pre-tax profits for the six months to June 30, were £32.5m, compared with £10.7m last year. Total income of £177.7m was up from £166.9m, while core collections of £202.1m showed a 13.5% increase from £178m. During the six…
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Admiral Insurance has announced that it has expanded its strategic partnership with Equifax, to power its affordability assessment for instalment payments. The Equifax solution helps insurers and brokers make informed, accurate customer affordability assessments in real time. By providing access to CATO (current account turnover) data, customers’ aggregated monthly income and outgoings can now be…
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TriLine GRC and 1st Stop Group have announced a new partnership. Investment in TriLine’s fully integrated GRC and SMCR solution forms part of 1st Stop Group’s commitment to further enhance governance culture, systems and controls in preparation for the FCA’s new accountability regime. The TriLine solution will future-proof 1st Stop’s approach, using technology to move…
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Credit eligibility and comparison specialist TotallyMoney has announced it has moved office. The move was spearheaded by TotallyMoney’s HR Manager, Felicity Winkley who said: “Moving in to a brand-new development meant we had a blank canvas to play with, and Thirdway (our fit-out agency) did an amazing job to help us realise the potential of…
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Regtech specialist Bonafidee has announced the launch of its new secure digital engagement platform – BonafideeEngage. The new platform enables organisations and individuals to engage online in a safe, compliant and fully evidencable way. Bonafidee founder Francis Lang said “We wanted to make life easier for both organisations and individuals when dealing with important financial,…
Read moreNottingham Building Society has announced a partnership with GDS Link, to enhance its decision-making capabilities and credit assessment process for its mortgage business. The partnership is part of the Society’s ongoing investment strategy to develop its digital capability to match changing customer expectations. This strategy has also seen the Society deliver new online savings brand…
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Provident Financial has highlighted “good recovery” in its interim results for the six months ending on 30 June 2019. The listed doorstep lender, which serves 2.4m customers, reported pre-tax profits of £74.9m for the first half of 2019, the same as the equivalent period for last year. Malcolm Le May, Chief Executive Officer, said “Despite…
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Conversational middleware company, Webio has announced that it has partnered with EIT Digital Accelerator to scale-up and expand internationally. EIT Digital is a leading European digital innovation and entrepreneurial education organisation driving Europe’s digital transformation. Their focus is on innovative, fast-growing start-ups and assisting them to secure international customers. Having supported over 300 start-ups this partnership…
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Home collected credit lender, Morses Club has announced the appointment of Gary Marshall as Chief Operating Officer (COO) to its fully owned subsidiary Shelby Finance. Marshall will be responsible for leading the integration and development of the digital product offering for Shelby Finance to deliver a range of products, based on customer demand. This will…
Read moreNewcastle Intermediaries has appointed a new National Account Manager, whilst also expanding its business development team to six field based representatives. Francesco Di Petro has been with Newcastle Building Society and their intermediary team for 12 years, most recently in the role of Business Development Manager for the North and Scotland. Following the announcements of…
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Metro Bank has announced two new leadership appointments to the Bank’s Executive Committee, subject to regulatory approval. Cheryl Newton will be joining as Chief Information Officer. She will be responsible for developing Metro Bank’s technology agenda to further enhance the service it provides to colleagues and customers, across all of its channels. Newton is a…
Read moreEnforcement agency Bristow & Sutor has hailed the impact of the Independent Advisory Panel it has established to oversee its operations and challenge all aspects of the business to meet the highest standards of ethics and compliance. Established in September 2018, the Panel is chaired by industry expert, Anthony Sharp, who is joined by four…
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Digital bank Starling has partnered with CreditLadder, the UK’s largest rent recognition platform, in a move that will help thousands of Starling customers improve their credit score and get on to the property ladder. CreditLadder will enable Starling customers to use their monthly rental payments to help build their credit history. By proving to lenders…
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