Credit, Collections & Insolvency News
Jaywing won the 2018 Credit & Collections Technology Award for Technology Team of the year. This review takes a look at Jaywing’s work and the criteria its team met to win the award. Category Title: Technology Team of the YearAward winner: JaywingTitle of winning projects/initiative: Product development team, ArchetypeKey team members: Martin Benson, Martin Smith,…
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P PayPlan has been recognised by the Advice Service Alliance for its excellent practice and determined approach to provide clients with the best possible advice and debt solution, during its recent Advice Quality Standard (AQSv2) assessment. The Advice Service Alliance commended the free debt advice provider for recognising the shift in client needs and offering a multiple…
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BNP Paribas Personal Finance UK has launched a new motor finance solution with Ivendi. BNP Paribas, has a wealth of motor finance experience globally, and currently works with 1800 dealers in over 11 countries, as well as partnering across a network of 16 manufacturers. Working with highly experienced specialist teams at iVendi, a new, digital solution…
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One Select, an energy supplier with about 36,000 domestic customers, has ceased to trade. Under Ofgem’s safety net, the energy supply of One Select’s customers will continue as normal. The outstanding credit balances of domestic customers will be protected. Ofgem will choose a new supplier to take on One Select’s customers as quickly as possible.…
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Qualco UK’s annual charity golf tournament has raised £1,200 for charities Princess Alice Hospice and the Campaign against Living Miserably (CALM). The tournament took place at the historic St. George’s Hill Golf Club on Friday 23 November in Surrey. The course is rated 32nd in the 2018 Golf Digest ‘World’s 100 Greatest Golf Courses’ ranking.…
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Hitachi Capital has presented The Royal Brompton and Harefield Hospital charity with a cheque for £33,000 following a grueling four-day cycle from the UK to France. After vigorous training in the months before the 14 man team were waved off by staff from Hitachi Capital’s offices in Staines-Upon-Thames on Thursday 20th September. Over the course of…
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The Financial Conduct Authority (FCA) has published a Decision Notice in respect of Mohammad Ataur Prodhan, the former Chief Executive Officer of Sonali Bank (UK) (SBUK), fining him £76,400. Prodhan has referred this Decision Notice to the Upper Tribunal (the Tribunal) where he and the FCA will each present their cases. The Tribunal will determine…
Read moreThe University of the West of England (UWE Bristol) Future Space innovation hub, and fintech company Flexys are using advice from Bristol University’s Personal Finance Research Centre (PFRC) and working with UWE Bristol’s Computer Science and Creative Technologies department to research the way customers in debt can manage their arrears. Guidance from the Financial Conduct Authority…
Read moreZopa has announced that it has been approved for a bank licence with restrictions. This is called the ‘mobilisation’ phase of the process where the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) put some restrictions in place. Zopa will be granted a full licence once it meets the conditions set by the regulators…
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Experian has announced that has launched what it calls a transformative change to the way consumers shop for credit cards. Experian’s new comparison services will now mean that consumers will see a guaranteed rate when shopping for cards with certain providers. Credit card and loan providers only need to offer their headline representative Annual Percentage…
Read moreIrish bank, Permanent TSB (PTSB) has announced that it has agreed to sell a 1.3 billion euro portfolio of problem mortgage loans in a securitisation deal, to help reduce its bad debt level to below 10 percent. PTSB has been trying to reduce its exposure to non-performing loans (NPLs) and focus on providing services for…
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A new Open Banking platform providing consumer bank account data free-of-charge to mortgage finance providers is set to launch this week. LendingMetrics’ OpenBankVision will allow users access to 90 days of bank statements with no minimum or maximum cap on the number of requests, when it goes live on December 3. Finance companies using the…
Read moreRecord levels of employment, Brexit and the ongoing skills shortage have resulted in increased business for recruiters in the last year, according to new research from independent financial services provider, Bibby Financial Services (BFS). Nearly three-fifths (59%) of companies in the sector experienced improved business performance over the past 12 months, with nearly two thirds…
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