Credit, Collections & Insolvency News
Computershare 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…
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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…
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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…
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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…
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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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