Credit, Collections & Insolvency News
Moneyhub has integrated Starling Bank into its Payment Gateway, the first challenger bank to support PSD2 PISP legislation and joining the growing list of payment providers on the Moneyhub platform. Moneyhub’s integration with Starling Bank’s API allows users to initiate a payment straight from one account to the other quickly, easily, and at a fraction…
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Retail finance technology provider, Deko, has announced it has partnered with Featurespace, the leading machine learning Adaptive Behavioural Analytics fraud and risk management company, to bolster the security of its consumer finance lending platform. Deko will use Featurespace’s ARIC™ Fraud Hub to boost the capabilities of its retail originations technology, increasing the security benefits of…
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Pay.UK is the new home for Bacs, Faster Payments, and Cheque and Credit Clearing and, it has now completed the formal transition of their people, a skilled team with a wealth of experience across the UK’s complex payments industry. This is the final stage of bringing these important payment brands together under the Pay.UK roof,…
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For the first time since its inception, the Financial Conduct Authority (FCA) has issued a license for the provision of a digital debt advice solution. Tully is a fintech start-up created to improve financial capability, make it easier for people to manage their money and repay their debts faster. Tully said it’s mission is to…
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Debt purchase and management business Arrow Global has announced its latest results posting a rise in both income and profits. For the year to 31 December 2018, the company reported total income of £361.8m compared to £319m the prior period. Commenting on the results, Lee Rochford, Group Chief Executive Officer of Arrow said “2018 was…
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European debt purchaser and credit management specialist Cabot Credit Management has announced its latest Financial Results for Year ended 31st December 2018. Servicing revenue rise 104 percent from £40.2m to £82m. Adjusted earnings EBITDA rose 18 percent from £295.2m to £349.8m over the same period. Estimated remaining collections rose 13 percent from £2.4bn to £2.7bn,…
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Credit provider, Morses Club has released it latest trading results for the last financial year. The company revealed that total credit issued increased by 2.4% to £178.5m compared with the prior year and that its gross loan book grew by over 7%, comprising a 5% increase in the core book and a 2% rise as…
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Debt recovery firm DSL has launched a specialist service to help local authorities collect sundry debt after a recent pilot for a single Inner London council delivered a 54% success rate. Sundry debt covers a range of commercial invoices, from bin collections and licensing fees to nursing home overpayments, service charge arrears and planning fees.…
Read moreLending platform Freedom Finance has launched its first Open Banking platform to a panel of lenders for secured loans. The announcement follows a Freedom Finance industry workshop, in partnership with AccountScore and Equifax. This brought together both large and challenger banks to discuss a common Open Banking goal – to provide customers with better-informed options…
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Experian has announced that it has abandoned the £275 million acquisition of ClearScore. In a statement Experian said “Further to the Provisional Findings published by the UK Competition and Markets Authority (CMA) on 28 November 2018 and taking into account subsequent interaction with the CMA, Experian does not believe that the CMA will approve the…
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M&S Bank has become one of the first mortgage providers to enable open banking assisted mortgage applications. The open banking enabled mortgage journey means most customers will no longer need to source and supply copies of bank statements to support their mortgage application. Using the open banking assisted journey, this documentation will be immediately and…
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TriLine GRC, a provider of Governance, Risk and Compliance (GRC) software solutions to enterprises around the world, has announced that has appointed Ian Wilson, recently Business Development Director at Arctick and Hitec, as Director Sales (UK & Europe). Donald Halley, Director Business Development TriLine GRC said: “We are very excited that Ian is joining us.…
Read moreLoans specialist 1st Stop Group has joined the London Stock Exchange Group’s international business support and capital raising ecosystem platform called ELITE. 1st Stop Group offers car finance loans, secured second charge mortgages and unsecured personal loans to UK customers, serving customers who are not able or not wishing to borrow from high street lenders.…
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