Equifax and Paylink Solutions agree open banking partnership

9th June 2022 Company News |

Equifax has announced a new partnership with fintech Paylink Solutions to automate its digital affordability solution using Open Banking data and APIs. Paylink Solutions delivers technology across the financial services and utilities sectors using its digital affordability application. Equifax’s Open Banking service will enhance Paylink Solutions’ existing affordability solution. It will allow businesses to understand…

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Qualco, Ecospend and Themis Global agree Open Banking partnership

Qualco has announced that it has gone live with a new open banking technology partnership. Working with Ecospend and Themis Global, Qualco UK introduced account-to-account payment options, under a white label model, for a new client, Simon Jersey. The approach includes letters, emails and SMS being sent to customers, containing a unique QR code, which…

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CSA reports collections sector increasingly embracing new communications technologies

A new survey by the Credit Services Association (CSA), the UK trade body for debt collection and debt purchase, found that firms expect to either explore or adopt new communications technologies in the coming years, which will afford customers a broader range of options to engage and discuss their debt. Despite this move toward digital…

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Collections Technology Think Tank 3.1 review

10th February 2022 Arrears and Recoveries | #Think Tank

Credit Connect’s hosted its fourth Online Collections Technology Think Tank 3.1 last week which saw collections strategies and the impact of the pandemic discussed by fifteen collections professionals from a variety of industry sectors. The themes of collections risk, customer engagement, affordability, vulnerable customers and the future collections were discussed by panellists and Chair Vanessa…

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Yolt and The Digital DRA agree open banking partnership

16th December 2021 Company News |

Open banking provider, Yolt has announced a strategic partnership with The Digital Debt Resolution Agency (The Digital DRA) to harness open banking payment and data services to improve debt resolution in the UK. Yolt’s Account Information Service (AIS) and Payment Initiation Service (PIS) provided to The Digital DRA, will go live in January 2022 and…

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Ofgem appoints EDF to take on customers of Zog Energy

6th December 2021 Consumer Collections | #energy

Ofgem has appointed EDFto take on supplying Zog Energy’s combined total of approximately 11,700 domestic customers. This follows a competitive process run by Ofgem to get the best deal possible for customers. Funds that current and former domestic customers of the suppliers have paid into their accounts will be protected, where they are in credit. Domestic customers will also be protected by the energy price cap with…

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FCA to scrap 90-day open banking rule

30th November 2021 Consumer Lending | #open banking

The Financial Conduct Authority (FCA) is looking to scrap a key open banking rule requiring users to reauthenticate access to customer accounts every 90 days. The move will mean that consumers will no longer need to reauthenticate permissions with Account Servicing Payment Service Providers every 90 days if accessing account information through a third-party provider.…

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2021 Credit & Collections Technology Company Power List announced

Credit Connect has announced its annual Credit & Collections Technology company power list for 2021. The third edition of the power list is a round-up of the most prominent innovating companies within credit and collections technology. Credit Connect has identified the top 20 ‘Premier’ innovators highlighting the achievements and successes of the top-performing companies. The…

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Credit & Collections Technology Think Tank review

15th November 2021 Arrears and Recoveries | #technology

Credit Connect’s hosted its inaugural Credit & Collections Technology Think Tank at the beginning of November in Manchester which saw credit and collections strategies and the impact of the pandemic discussed by sixteen professionals from a variety of industry sectors at the Midland Hotel in Manchester. The themes of credit and collections risk, affordability, vulnerability…

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Credit & Collections Technology Awards announces line up

Credit Connect has confirmed the line-up for next week’s Credit & Collections Technology Awards which takes place at the Midland Hotel in Manchester next Thursday (4th November). The awards are judged by a panel of industry experts who have reviewed technological excellence in four different categories sections: creditor and lender, collections and recoveries, applied technology, and…

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Credit & Collections Technology Think Tank announces line up

25th October 2021 Arrears and Recoveries |

The Credit & Collections Technology Think Tank has confirmed its agenda and speaker line-up ahead of the event in-person event at the Midland Hotel in Manchester on Thursday 4th November. The launch of the event follows on from the successful launches of the Online Collections Technology Think Tank and the Online Lending Technology Think Tank…

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Scorecard monitoring brought to life with data visualisation app

14th October 2021 Consumer Collections | #technology

Equifax has announced the launch of a new browser-based scorecard monitoring tool that is designed to transform complex scorecard monitoring into a range of accessible visualisations that shows the performance of a scorecard over time. As increasing numbers of organisations build and utilise bespoke scores to optimise decision making, there is an associated overhead to…

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Over half of credit providers planning to implement Open Banking this year

13th October 2021 Consumer Collections | #open banking

Over half (55%) of UK credit providers plan to implement Open Banking in 2021, with 93% of those businesses expecting to do so in the next 12 months, according to the latest Open Banking Research Report by credit reference agency, Equifax. With the pandemic accelerating consumer adoption of new technologies, and more digital data available…

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