Credit, Collections & Insolvency News
OpenBanking and auto-decisioning technology provider LendingMetrics has unveiled a new-look website to fill what it says are giant OpenBanking knowledge gaps. The site – www.lendingmetrics.com – has been re-designed to spell out how OpenBanking can dramatically improve the quality of underwriting and boost standards of compliance. A series of questions determines the type of business…
Read more
Consumer and business insights specialist Equifax has moved offices to 1 Angel Court, Bank, at the heart of the City of London. Previously located in Marylebone, the move will place Equifax at a prestigious central London address within ten minutes’ walk of seven mainline and underground stations. It brings the firm closer to a large…
Read more
One Savings Bank has announced that it has appointed Jaywing as independent risk model validation partner, as it embarks on its IRB programme Credit risk analytics experts, Jaywing, announces that it has partnered with specialist lender One Savings Bank within its second line function, to independently review and challenge its models, with the first task…
Read more
Insurance provider, Hastings Direct, has announced it has extended its relationship with Equifax, the consumer and business insights expert, in a multi-year deal. Equifax provides fully integrated data solutions to inform and support the speed and accuracy of Hasting Direct’s pricing decisions. The partnership between Equifax and Hastings Direct harnesses consumer data, ID verification and…
Read more
Fintech platform Freedom Finance has announced that it has appointed Jake Ranson as Chief Customer Officer (CCO) to further drive its digital transformation. Ranson joins from Equifax where he held the position of Chief Marketing Officer for Europe. Ranson will be responsible for furthering Freedom Finance’s customer strategy, helping potential borrowers to understand and unlock…
Read moreDebt collection specialist Opos has announced that it has appointed John Freel as Head of Client Engagement. Freel has over 30 years’ experience within the collection and debt purchase industry and is known for his honesty, integrity and commitment to exceeding clients’ service requirements. Freel said “My reasons for joining Opos were straightforward. Firstly, I…
Read more
MotoNovo Finance has announced it has become part of Aldermore, following its successful integration with the UK specialist bank. The announcement comes after Aldermore was acquired by FirstRand group in March 2018, and marks the successful coming together of FirstRand’s UK operations in retail, business and motor finance. The MotoNovo Finance business has been owned…
Read more
Financial capability charity, The Money Charity, has announced that it has now reached over 200,000 recipients of their high-quality financial education in a Money Workshop at Darton Academy in Barnsley. Delivering financial education to young people has never been more essential as negotiating the world of money and personal finance remains a confusing, intimidating prospect…
Read more
Business process outsourcing (BPO) and operational transformation provider, Target Group has announced the appointment of Stuart Anderson as Chief Commercial Officer. Anderson brings more than 30 years of experience in the financial services industry, including leading high-performance teams within the banking and insurance sectors and specialising in complex business services and transformational BPO. Anderson joins…
Read moreComputershare Loan Services has donated £2,500 to Epilepsy Scotland to help people with the condition access benefits and improve their wellbeing. The charity says that confusion over benefit entitlements is a major source of distress for those with epilepsy, and the donation will help them employ a new full-time officer who will provide information on…
Read more
Dept Purchaser, Lantern Debt Recovery Services has announced that it has raised £15 million in a committed senior revolving credit facility from a syndicate of lenders. The lenders consisted of Shawbrook Bank and Paragon Bank. The funding will be used to support the purchase of further non-performing consumer debt portfolios. The facility also has a…
Read more
Fintech firm Evergreen Finance London has announced that it has purchased a new service from data analytics provider FICO to speed up its decision process around customers’ credit. Evergreen Finance, which trades as Moneyboat and offers short term FCA-regulated loans, will use the bespoke FICO Decision Modeler to assess risk and the affordability of its…
Read more
Home collected credit specialist Morses Club has announced strong preliminary results as it reported strong annual profit growth as both credit issued and customer numbers rose. Morses Club’s revenue for the 52 weeks to February 23 rose by 0.3% to £117million, but on a proforma, like-for-like basis, it rose 6.%. Morses Club is providing proforma results…
Read more