Credit, Collections & Insolvency News
M&S Bank has announced that Paul Spencer has been appointed Chief Executive Officer (CEO) of M&S Bank, following his appointment as interim CEO, M&S Bank, in February 2019. Prior to this, Spencer was Chief Control Officer for HSBC’s Retail Banking and Wealth Management business. He also previously held the position of CFO for Marks &…
Read moreMorses Club has announced that it’s Chief Financial Officer (CFO), Andy Thomson, plans to retire from his role on 1st July 2019. Thomson will remain as a Non-executive Director (NED) on the Board of Morses Club. Thomson was involved in the RCapital acquisition of Morses Club in March 2009, remaining on the Board as a…
Read moreHome collected credit lender Morses Club has announced changes to the board of the company. Baroness Simone Finn has been appointed to the Board as an independent non-executive director and Chair of the Audit and Risk & Compliance Committees with effect from 5th May 2019. Baroness Finn is a member of the UK House of Lords. She is a former…
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The Insolvency Panel has announced a new partnership with credit referencing agency TransUnion (formerly Callcredit) that will allow its clients access to credit reporting information for the first time. The detailed data available from TransUnion will be a valuable resource to those seeking debt management and insolvency counsel. The Insolvency Panel is an industry group…
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London-based adviser LDNfinance has announced that is set to start using a new Open Banking platform to process loan applications. The mortgage specialist has opted for LendingMetrics’ OpenBankVision, giving it real-time access to applicants’ bank statements and transaction details. Director of LendingMetrics, David Wylie, said “We’ve spent two years developing and testing OpenBankVision and know that LDNfinance will benefit…
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Debt Purchaser has announced that is l building ‘next-generation’ data science capabilities with the launch of Lowell Labs Amsterdam Based in Amsterdam, Lowell Labs is a data science centre of excellence focused on creating new insights about consumer credit data, segmentation, and financial behaviour. Its work will serve Lowell’s three core geographies (the UK, DACH,…
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TransUnion (formerly Callcredit) has announced that it has appointed David Finch as its new Chief Revenue Officer (CRO) to lead its go-to-market strategy and drive revenue for the UK business. Finch joins TransUnion from Experian, where he spent three years as chief commercial officer EMEA and president for South Africa, and was instrumental in the…
Read moreEuropean debt purchase specialist Intrum has announced that it has completed the finalisation of regulatory approvals to finalise the acquisition of Solvia Servicios Inmobiliarios (Solvia) from Banco Sabadell following the initial announcement in December 2018. The agreement means that Intrum will acquire an 80 per cent share in Solvia, whilst Banco Sabadell, one of the…
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Nationwide Building Society has selected seven fintech companies to take part in its Open Banking for Good challenge. The fintech firms will develop Open Banking based apps and services to help financially vulnerable people. The seven companies have been chosen from more than 50 applicants. Those selected into each of the three categories are: Income…
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Leek United Building Society has appointed Rob Broadbent as its new Finance Director (FD). Broadbent has over 15 years’ experience in financial services, including positions at board and executive level. His most recent role was Chief Risk Officer at Wesleyan Bank, an organisation which he originally joined as Head of Finance in 2013. Prior to…
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Rent-to-own provider BrightHouse has announced it has appointed Anth Mooney as its new Chief Executive. Mooney has previously worked at and Virgin Money. BrightHouse chairman, Stuart Deane, said “Anth Mooney was the standout candidate amongst an impressive list of applicants for the role. He is a financial services expert who has also managed national store…
Read moreChallenger bureau Credit Kudos has announced that they have raised £2.2 million in their latest round of funding. Funding is led by Ascension Ventures, through its social impact fund Fair by Design, with additional investment from existing investors NFT Ventures and Entrepreneur First’s Next Stage Fund. New backers include Dragons’ Den star Sarah Willingham; prolific…
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Cabot Financial has selected the British Heart Foundation, the biggest independent funder of cardiovascular research in the UK, as its new corporate charity partner for 2019. The partnership will help in the charity’s aim of increasing awareness of heart and circulatory disease, raising funds for vital research into heart and circulatory conditions as well as…
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