Credit, Collections & Insolvency News
Contactless card spending surged by nearly a third in 2018, and with over 20 million transactions taking place each day, new data released by Paymentsense reveals the UK cities leading this growth with those in the top 10 expected to go cashless first. Analysing data of nationwide transactions from 2018, Paymentsense has explored the UK’s…
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More than four million consumers say they do not have enough mental space to make the right choices when it comes to tackling difficult decisions, according to research from Scottish Widows. A further 6.4 million people say they simply don’t have time to do important life admin. It’s not just about having time to dedicate…
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Rent-to-own provider BrightHouse has announced it has appointed Anth Mooney as its new Chief Executive. Mooney has previously worked at and Virgin Money. BrightHouse chairman, Stuart Deane, said “Anth Mooney was the standout candidate amongst an impressive list of applicants for the role. He is a financial services expert who has also managed national store…
Read moreChallenger bureau Credit Kudos has announced that they have raised £2.2 million in their latest round of funding. Funding is led by Ascension Ventures, through its social impact fund Fair by Design, with additional investment from existing investors NFT Ventures and Entrepreneur First’s Next Stage Fund. New backers include Dragons’ Den star Sarah Willingham; prolific…
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Cabot Financial has selected the British Heart Foundation, the biggest independent funder of cardiovascular research in the UK, as its new corporate charity partner for 2019. The partnership will help in the charity’s aim of increasing awareness of heart and circulatory disease, raising funds for vital research into heart and circulatory conditions as well as…
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Marston Holdings has announced the acquisition of Stockholm-based Parktrade. Marston said in news release that Parktrade is a technology and data business that has two compelling offerings: a technology platform that facilitates easy management and payment of Low Emission Zone charges, congestion charges and free flow road tolls. This platform facilitates multi-currency payments, auto payments…
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Omnichannel contact centre specialist Noble Systems has announced that it has reached a new milestone in its 30-year history, surpassing 500 employees. Noble Systems, has seen employment growth of over 30% in the past two years, in support of the continued increase in market share for its premise and cloud-based platforms and its development of…
Read moreThe Financial Conduct Authority (FCA) has published its Business Plan for 2019/20, which outlines the key priorities for the coming year. As the UK finalises preparations to leave the European Union, the immediate priority will remain supporting an orderly transition post-exit. The FCA will also continue to play a leading role in shaping the global…
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European credit management specialist Lowell has announced a change of leadership. Effective from 10th June 2019, Colin Storrar, Chief Financial Officer (CFO) of Lowell since 2013, will succeed James Cornell as Chief Executive Officer (CEO). Storrar has worked closely with Cornell to lead Lowell’s successful transformation from a primarily British player to a leading European…
Read moreCompliant software solutions provider Vision Blue has acquired Cardiff-based fast growth fintech company SamePage Group, a pioneer in fully-digital Loan Origination software platforms, for an undisclosed sum. The acquisition of SamePage by Vision Blue comes after the success of a recent strategic partnership which saw both companies deliver a full lifecycle Loan Origination and Account…
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Equifax, the consumer and business insights specialist, has appointed Tony Banks as Vice President (VP) of Operations for the UK and Ireland. With over 20 years of experience in the banking sector, Banks will be responsible for overseeing all operational activities at Equifax sites including London, Wexford, Leeds and Nottingham. He will work closely with…
Read moreTransUnion has announced that it has completed the sale of Noddle, the free-for-life credit reporting and monitoring service, to Credit Karma, following approval from the Financial Conduct Authority (FCA). “We are pleased to have completed the sale of Noddle to Credit Karma, further to regulatory approval, and we are confident that the business will continue…
Read moreThe Financial Conduct Authority (FCA) has issued a reminder to authorised firms that they need to start preparing today for the Senior Managers and Certification Regime (SM&CR) to be ready for the new regulation coming into effect on 9th December 2019. The FCA has already rolled out the SM&CR to banks and insurance firms, and…
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