Credit, Collections & Insolvency News
The 2018 winners of the UK’s largest consumer-voted awards for the consumer credit industry have been revealed at a ceremony in London. Launched in 2016, Birmingham-based not-for-profit Fair for You took home two awards, including ‘Best Alternative Finance Provider’ and the much coveted ‘Firm of the Year’, beating some of the UK’s largest consumer credit…
Read moreMoney Advice Scotland has announced that it has appointed David Hilferty its new Deputy Chief Executive. Yvonne MacDermid, CEO of Money Advice Scotland, said: “I am delighted that David has been promoted and accepted the post of Deputy Chief Executive. This new appointment will strengthen our team, and our ability to deliver on our five-year…
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Europe’s largest peer-to-peer property platform Lendy announced it has received full authorisation from the UK regulator, the Financial Conduct Authority (FCA). Lendy’s secured lending model was authorised by the FCA following a detailed end to end assessment of its business and operating model. Lendy, which launched in 2012 and has to date facilitated over £400m in…
Read moreCredit reference agency, Callcredit has announced the change of its brand name to TransUnion, after being acquired by the leading global risk and information solutions provider in a £1 billion deal last month. As a phased integration process begins, UK businesses and consumers will start to become familiar with TransUnion, which already has a presence in…
Read moreThe Money Advice Liaison Group (MALG) has announced that is looking for a new Chair. Current MALG Chair Liz Barclay will step down later this year after three years in the role. MALG says the new Chair must be passionate about improving the lives of people in problem debt; someone with influencing skills and ambition to…
Read moreTarget Group has announced it has exclusively partnered with Information Builders, a leading business intelligence, analytics and data management platform provider, to build out and enhance its data capabilities and service offerings. Initially a two-year deal, Target will have full access to Information Builders’ extensive data platform to drive business process efficiencies, while also giving…
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Conal Furie has been appointed as Head of IT and Digital at Startline Motor Finance, taking charge of all of the company’s technology operations. Furie has almost a quarter century of working in IT in the motor retail sector, having started his career as an IT support specialist at Lex Retail Group in 1992. Notable…
Read moreHinckley & Rugby Building Society has appointed Colin Fyfe as its new Chief Executive. Fyfe is currently Chief Executive at Darlington Building Society, will succeed Chris White who is retiring in early 2019 after 30 years at Hinckley & Rugby. Hinckley & Rugby chairman Colin Franklin said “After a very detailed selection process, the board was…
Read moreLiverpool-based Debt Collection Agency (DCA) and provider of outsourced early arrears and white label solutions, Ardent Credit Services has appointed Nataly Rapoport as the company’s new Risk and Compliance Director. Rapoport joins the growing business from Capita-owned akinika Debt Recovery (formerly iQor) where she held the same position for over 10 years. Rapoport holds a distinction level…
Read moreEquifax and consents.online have announced that they have launched an Open Banking platform which for the first time allows UK consumers and small businesses to manage the sharing of their financial information. The alliance has been established to develop solutions for the UK’s Open Banking initiative which gives online banking customers the ability to share their…
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The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have published a joint discussion paper on an approach to improve the operational resilience of firms and financial market infrastructures. The paper follows the payments chaos which followed a hardware failure at Visa that hit millions of transactions across Europe in June,…
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Business process outsourcing specialist Target Group and digital engagement specialist Telrock have announced a collections solutions partnership agreement. As part of its broader business process outsourcing and transformation services, Target Group provides cost-effective and compliant outsourced collections services to a number of UK banks, utility companies and other credit providers. With growing demand for solutions…
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Law firm Walker Morris is providing support to its financial services clients in Scotland by taking office space in Lochrin Square, in Edinburgh’s financial district, as part of its strategy to provide a multi-jurisdictional service offering to lender clients. Banking Litigation partner, Rob Aberdein, will split his time between Edinburgh and Leeds, whilst still being…
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