Credit, Collections & Insolvency News
DealTrak has announced a collaboration with Godel Technologies to develop the next generation of a leading FinTech platform – doubling the collective headcount from 10 to 20. Leeds-headquartered DealTrak – a technology firm which helps thousands of UK car showrooms to manage the finance and insurance (F&I) side of their business – has joined forces…
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Consumers are “more pessimistic and polarised about Brexit” impact on finances according to new research by Royal London. In a third quarterly YouGov the survey found that age and gender make a big difference to expectations, with women more likely to expect their finances to get worse rather than better after Brexit (35 per cent…
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Anti-money laundering (AML) pioneer SmartSearch has increased new client numbers by 45% in the five months to the end of May, compared to the same period in 2018, and added more than 3,650 new users to the platform. Launched in 2011, SmartSearch is the only organisation in the UK with the ability to verify individuals…
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Cabot Credit Management has announced that it is enhancing its high standard of customer service by launching a new professional Institute of Customer Service (ICS) training programme for its employees. This programme is designed to provide the foundational knowledge to be considered for an ICS work-based qualification, which is to be launched later this year.…
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Home collected credit lender, Morses Club has announced that it has acquired U Holdings through its subsidiary Shelby Finance. Morses Club says the acquisition of U Account is an important step in the company’s strategy of building a digital offering to allow its customers to access credit flexibly in a significant growth segment of the…
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Debt management solution provider, Flexys Solutions has announced that it has appointed a Chief Information Security Officer to their senior management team. David Scholefield has vast experience working across diverse information security sectors including banking, pharmaceuticals and retail. With a history of both hands-on security assurance and risk and compliance management for organisations as diverse…
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International deceased account management specialist, Phillips & Cohen Associates, has announced the launch of a major upgrade to its unique ESTATE-SERVESM digital solution. ESTATE-SERVESM, powered by Katabat, is a proprietary global solution used by PCA to provide digital account resolution and channel choice flexibility to those handling the final affairs of a loved one. The…
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Peer-to-Peer specialist, LendingCrowd has appointed Robbie McKenzie to the newly created post of General Counsel and Chief Risk & Compliance Officer. A dual-qualified lawyer holding practising certificates in both Scotland and England, Robbie will lead LendingCrowd’s legal, risk and compliance function and act as anti-money laundering officer. A particular focus will be ensuring LendingCrowd adheres…
Read moreVirgin Money will become CYBG’s sole brand as it lays out plans to disrupt the status quo with new products and an updated financial, customer service the company has said in an announcement CYBG is setting out its refreshed medium-term strategy at its Capital Markets Day, presenting the first strategic update on the new combined…
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After over thirty years of private ownership, Phoebus Software (PSL) has concluded a management buyout (MBO) backed by NorthEdge Capital. NorthEdge is a private equity firm that supports MBOs, development capital and equity release transactions for companies based in the Midlands and the North of England. PSL is based in Solihull, West Midlands. The transaction…
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Point-of-purchase lending platform Divido has announced that it has been selected by Triumph Motorcycles, to deliver point-of-purchase finance on after-sale products across the UK. Building around 60,000 bikes per year, Triumph Motorcycles is Britain’s largest motorcycle manufacturer and has over 750 dealers across the world. Divido’s lending platform enables Triumph Motorcycles to provide consumers with…
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Paragon has announced a deal to support specialist car lender Go Car Credit with £12.5 million of lending. Go Car Credit, which launched in 2017, will use the money to support its strategy to increase new motor finance loans in the UK to the underserved and non-prime customer base and raise its presence online. Lewis…
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Payments specialists Acquired.com has announced that it has launched an API with the aim of driving faster payments. The new platform solution can be used for acquiring, processing, and payment out. The new solution will provide a full view on the transaction from pay in to payout or in the case of our lenders visa…
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