Credit, Collections & Insolvency News
Zopa has announced a governance restructure in advance of launching its next-generation bank. The re-structure will establish separate boards for the Zopa P2P business, proposed bank (subject to banking licence approval) and Group in order to facilitate the increasing scale of the business, ensure good corporate governance and protect the interests of its customers. The…
Read moreTwo new appointments have been made at iVendi. Alex Park joins as a Data Engineer, have worked previously with CAPGemini as a big data consultant on a number of high profile, secure data projects. Whilst Michael Brown has been appointed as a Data Scientist, having had previous experience for the Co-op Bank in a similar role within…
Read moreThe Financial Conduct Authority (FCA) has published its business plan for 2018/19 which sets out the key priorities for the coming year. The FCA says the priorities in this year’s business plan reflect the high level of resource needed to dedicate to European Union (EU) withdrawal, given its impact both on our regulation and the…
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Citizens Advice has today announced that Sir David Varney will be stepping down as chair of the national charity. It has also announced it has welcomed Ann-Marie Harkin to its trustee board. Sir David Varney has confirmed that he will be stepping down from his role due to health reasons, but will remain in post…
Read moreRent recognition platform CreditLadde has announced a partnership with Monzo or Starling Bank which enables customers to improve their credit history when paying their rent. CreditLadder have used the Open Banking compliant API which went live earlier this year following their integration with TrueLayer. These two challenger banks join the existing high street banks through which…
Read moreClose Brothers Motor Finance has announced that it has appointed Jaco Wilsenach as Chief Operating Officer (COO). Wilsenach succeeds Liam Queegan, who has moved to Nextgear Capital. Wilsenach’s careers spans two decades across finance and tech. He began as operations manager at IT manufacturer HP in South Africa, and subsequently held positions at Barclays, Vodafone and Virgin…
Read moreNewbury Building Society has appointed Kieron Blackburn as Finance Director (FD). Blackburn joins from Ipswich Building Society where he was also Finance Director, holding the role for 10 years.He has also spent 12 years at UCB HomeLoans, a subsidiary of Nationwide Building Society, and seven years at Midland Bank. Blackburn replaces Lee Bambridge has moved…
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European debt purchaser DDM Holding has announced that it has entered into an agreement to acquire a sizeable distressed asset portfolio containing secured corporate receivables in the Balkans from a leading bank in the region. The gross collection value of the portfolio amounts to approximately EUR 240 million. About 90% of the portfolio value is…
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Peter Bell has joined Cox Automotive’s business Manheim as Managing Director. Bell joins from Jaguar Land Rover, where he held the role of global financial services director. He has also worked as Chief Operating Officer at Volkswagen Financial Services in the past. Michael Buxton, Chief Executive Officer at Cox said: “Peter is an accomplished business…
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Callcredit Information Group has made two new senior appointments to help it better serve and protect clients in the age of the empowered consumer. Against a backdrop of Open Banking, GDPR and the ever-growing threat of fraud, Callcredit is seeking to provide better ways for brands to interact with their customers whilst also protecting them…
Read moreRent to own specialist, PerfectHome has agreed with the Financial Conduct Authority (FCA) a package of redress totalling over £2.1 million. This will be made up of cash payments and balance write-offs for 37,000 customers. PerfectHome (a trading name of Temple Finance Limited) is a rent-to-own firm which provides household goods to customers on hire…
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Clockwise Credit Union has announced an Open Banking partnership with TrueLayer, providing of bank account API’s, to improve access to finance for its members. The innovative new partnership utilises the opportunities provided by Open Banking to allow Clockwise to access member bank account data in order to make more efficient and secure loan assessments. This…
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Principality Building Society has appointed Iain Mansfield as its Chief Operating Officer. Mansfield has worked as a chartered accountant in the retail banking and private equity sector for more than 15 years. He joins Principality from the company’s second charge loans subsidiary Nemo. Principality Chief Executive Steve Hughes says: “Having clearly demonstrated his capability to the Board…
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