Credit, Collections & Insolvency News
The Consumer Credit Awards has announced the finalists for its 2019 event. The Awards are voted by consumers to find the best credit providers in the UK, the awards supports an annual campaign that asks customers to share their feedback about the credit firms they deal with. Following a ten-week voting period, over 20,000 customer votes…
Read moreInternational deceased account management specialist, Phillips & Cohen Associates, which services creditors in the US, Canada, UK, Ireland, Australia, Spain, Portugal and New Zealand, has announced major expansion plans for its UK office. The UK arm of the business, which has been domiciled at the prestigious Exchange Quay site in Manchester since its founding in…
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Credit Kudos and Cybertonica have announced a new partnership using their combined platforms to automate credit scoring, harnessing Open Banking. Credit Kudos is an FCA-authorised challenger Credit Bureau and Account Information Service Provider (AISP) that uses financial behaviour to measure creditworthiness. The partnership with Cybertonica, and the use of their new ScreenWiZe™ product will enable…
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Vehicle auction specialists G3 Remarketing has announced it has strengthened its team with two appointments in operations and compliance. Bev Pease joins as the company’s new Operations Manager. Selected to support the growth of the business, G3 believe that the track record that Pease has in delivering operational and performance improvements in both the finance…
Read moreSpecialist lender Together has announced that it is focusing on growth in the corporate lending market by significantly expanding its corporate relationships team with a series of senior appointments. The new appointments include Sonia Mann and Andrew Fouli who join as Corporate Relationship Directors in the Midlands and London respectively. Mann brings more than 20 years’ experience in business…
Read morePaylink Solutions has announced that it has welcomed a global operations expert to its senior management team as part of plans to increase market share across the UK’s debt and collections sector. Navdeep Sethi has joined the Midlands-based technology company as Chief Operations Officer (COO) after his success at developing and growing one of the…
Read moreThe Competition and Markets Authority (CMA) has announced that it is investigating the potential £1.6bn merger between One Savings Bank and Charter Court. The investigation will assess whether the deal could potentially lead to a “substantial lessening of competition” in the mortgage market. The CMA has invited comments on the merger by June 19. In…
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Baroness Zahida Manzoor CBE has been appointed Chair of the Financial Ombudsman Service. The appointment was made by the FCA Board with the approval of HM Treasury. Baroness Manzoor will take up the role on 2 August 2019, succeeding Sir Nicholas Montagu who is stepping down after more than seven years in post. Baroness Manzoor…
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Leeds-based automotive F&I technology specialist, DealTrak has announced that has employed five new faces, made several internal promotions, and is currently recruiting for nine new roles, as the business gears up for one of its biggest years to-date. With recent figures showing a 13% increase in Q1 proposal numbers, as well as a 10% uplift…
Read moreSpecialist credit risk and collections platform provider LendingMetrics has announced it has appointed a new Project Manager. Katey Watkins, who has a background in telecoms project management, will help deliver LendingMetrics’ automated underwriting products ADP, LMX and OpenBankVison (#OBFREE) to its growing customer base in the finance industry. David Wylie, Director of LendingMetrics, said “Demand…
Read moreThe home credit division of Non-Standard Finance (NSF) is to be floated on the London Stock Exchange as an independent company if the £1.3 billion takeover of Provident Financial is to go ahead. NSF has told the Competition and Markets Authority (CMA) it would demerge the Loans at Home division to avoid competition concerns if…
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Edinburgh water company Business Stream has appointed former Tesco Bank and HBOS executive Margaret McLay as Director of Business Transformation. McLay was head of management operations at Tesco Bank where she helped deliver the transition after RBS sold its share in the Tesco Personal Finance business. McLay will be responsible for overseeing the transformation of…
Read moreAnders Engdahl has been appointed new Chief Financial Officer (CFO) of Intrum. Engdahl is currently Chief Investment Officer. Mikael Ericson, President & CEO of Intrum said “Anders Engdahl has since he joined Lindorff in 2014, gained deep understanding of our core business, both debt collection and portfolio investments. He has a broad and long experience…
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