Credit, Collections & Insolvency News
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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TransUnion and Let Alliance have announced that they have completed a two-year strategic project that has resulted in redefining the way that tenant referencing works in the UK, with references now returned the same day. Let Alliance has developed the affordability algorithms in partnership with TransUnion and through the knowledge of managing a Rent Guarantee…
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Credit reference agency TransUnion, has announced the launch of CreditView – a new, white-labelled, interactive solution which provides consumers with access to their credit scores whilst helping finance providers to engage customers, increase brand loyalty and personalise offers. CreditView comes in a modular format, which can be tailored to create individual brand experiences. The app-based…
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Sainsbury’s Bank has appointed Jim Brown as Chief Executive Officer (CEO) of its banking unit as it looks to build its online presence. Brown will take over the reins at from outgoing chief executive Peter Griffiths, who has plans to retire at the end of this year. Brown joins from RBS, he has previously held…
Read moreHome collected credit lenderMorses Club has announced the appointment of Andrew Hayward as Chief Financial Officer (CFO), subject to regulatory approval. Hayward will join Morses Club on 1st July 2019 and will also be appointed as an Executive Director to the Morses Club Board. Hayward joins Morses Club from eServGlobal, the ASX and AIM listed…
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