Credit, Collections & Insolvency News
LendingMetrics has unveiled a range of upgrades to its award-winning automated decisioning platform. The data analytics specialist’s ADPv2 gives lenders faster response times and the ability to better fine-tune their lending decisions. The latest version of the low-cost Open Banking-ready technology is being rolled out this week to users across the UK and internationally. David…
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TransUnion (formerly Callcredit) has raised a total of £19,500 for mental health charity Mind, with the money shared across five local Mind associations, as well as the national organisation. The different regions included Bromley & Lewisham Mind, City & Hackney Mind, Leeds Mind, St Helen’s Mind, and Stockport & District Mind, with TransUnion colleagues taking…
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The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase industries, has appointed Henry Aitchison, a former senior executive with the FCA and OFT, to the newly-created role of Head of Policy. Aitchison, who has a career spanning almost 20 years in consumer credit, will have a broad role supporting…
Read moreOver half (55%) of corporate business teams have increased the size of their compliance teams in response to the mounting regulatory pressures that have emerged over the last five years, according to a new study commissioned by Intertrust, a global service providing expert administrative services to clients operating and investing in the international business environment.…
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Provident Financial, expects its full-year results for 2018 to be on the “lower end” of market expectations. The prediction as was made as part of the company’s trading update for the financial year ending 31st December, the company said profits are anticipated to be at lower end of the range of market expectations of £151m to…
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Personal insolvency provider Creditfix has strengthened its ability to help even more people across the country struggling with money, following the acquisition of a Birmingham-based debt management business. Creditfix has expanded its comprehensive range of debt relief solutions by acquiring B2C Finance Ltd, trading as ‘Back2Credit’, a well-established debt advisor based in Birmingham, a move,…
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Cardstream has announced a fraud prevention alliance with Gala Technology, aimed at protecting thousands of embattled Card Not Present Mail Order Telephone Order (CNP MOTO) merchants. By embedding Gala’s SOTpay technology into its Merchant Management System, Cardstream has ensured that its rapidly expanding network of reseller Partners and tens of thousands of merchants will have…
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Arvato Financial Solutions (AFS) has appointed a new CEO for the UK market Debbie Nolan, who has spent the last one and a half years as Commercial Director for AFS will take up the position with immediate effect. Arvato Financial Solutions provides professional financial services to renowned international brands as well as respected local businesses.…
Read moreAtom bank has joined Pay.UK-owned Bacs Payment Schemes (Bacs), which processes nearly six-and-a-half billion transactions a year worth £4.9 trillion. App-based Atom is the fourth payment service provider (PSP) in under 12 months to sign up to Bacs, reinforcing the continued relevance of established payment options Direct Debit and Bacs Direct Credit. Paul Horlock, chief…
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StepChange Debt Charity has announced that John Griffith-Jones will chair the charity from 7 January, following the resignation of Sir Hector Sants last October on his appointment as the Chair of the new Single Financial Guidance Body. Chris Stern has been acting as interim Chair of StepChange Debt Charity for the past three months. John…
Read moreNewcastle Building Society has appointed David Samper as Chief Financial Officer. An accomplished strategic leader with over 20 years’ experience as a chartered accountant, Samper has held senior roles across a number of multinational organisations in the UK and abroad, including RBS, Ulster Bank, and most recently at Sainsbury’s Bank as its interim Chief Financial…
Read moreTransUnion (formerly Callcredit), the global risk and information solutions provider, has launched an Open Banking early adopter programme after receiving permission to operate as an Account Information Services Provider (AISP) from the Financial Conduct Authority (FCA). Following extensive testing and consultation with a range of clients across a number of industry sectors, TransUnion Open Banking…
Read moreFleet leasing and business mobility specialist Alphabet has announced the appointment of Clive Buhagiar as the company’s new Head of Operational Services. Buhagiar has been with Alphabet since 2011, initially joining as Head of Public Sector following the acquisition of ING Car Lease by the company. In 2014 Buhagiar moved to take up the role…
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