Credit, Collections & Insolvency News
Consumer credit firm Omni Capital Retail Finance has agreed a partnership to use an automated decisioning platform (ADP) from LendingMetrics. The finance provider, which is owned by Castle Trust Capital, has chosen Lending Metrics’ ADP platform to support its OmniPort credit approval system, which allows customers to purchase immediately at point of sale using a paperless…
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Dudley Building Society has announced the appointment of Samantha Ward as Head of Commercial. As well as taking responsibility for business development, Ward will take on marketing, growth and product strategy duties. Having joined Dudley in 2001 as a mortgage assistant, Ward subsequently worked as head of savings, strategy and change and most recently Head…
Read moreQualco, a provider of asset management software and solutions to the credit industry, has announced a partnership with Harlequins rugby club so that it can engage with a wider audience, enhance brand recognition and raise awareness of the link between financial hardship and mental well-being. Christian Jacob, Managing Director at Qualco, said: “The Qualco Panel…
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Glasgow based debt advice firms, Creditfix and Carrington Dean have pledged their support to Shelter and Glasgow Children’s Hospital Charity, with a raft of fundraising activities planned for 2019. Each year, 173,000 babies, children and young people are treated at the Royal Hospital for Children in Glasgow. Through its partnership with Carrington Dean, Glasgow Children’s…
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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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