Credit, Collections & Insolvency News
Scottish FinTech Exizent has announced three new client partnerships with Countrywide Tax and Trust Corporation, Thursfields Solicitors and Thorntons. All three companies have agreed to digitise their probate with Exizent’s new platform. In September, Exizent raised £3.6 million in funding to transform the way the legal and financial services industry deals with bereavement by bringing…
Read more
An independent review led by former Worldpay CEO Ron Kalifa has set out a new strategy to put the UK at the top of the global fintech league table. The review has set out a blueprint for the UK to maintain its global leadership in financial technology by helping the country’s fintech firms to scale…
Read more
New research from Experian reveals how the acceleration of digital transformation, through the Covid-19 pandemic, has led to greater demand for data insights to inform decision making and strategy. The annual Global Data Management report, which surveyed 700 data practitioners and data-driven business leaders globally, found that changing customer behaviour has intensified businesses’ need for high-quality data.…
Read more
Credit Connect Media announced that it has launched a new event called the Lending Technology Think Tank which will take place on Thursday 22nd April. The event will focus on technological and innovational developments and strategies within lending. The inaugural Think Tank is a multi-session event that includes a diverse range of speakers and is…
Read moreNew research from Experian has found that one in six (60%) of consumers are e continuing to embrace digital transactions by using universal mobile wallets. The research has found that more people become accustomed to the security and convenience of the digital channel, digital transactions including mobile wallet payments are continuing to increase. The Global…
Read more
Target Group is launching a fully digitalised mortgage platform which it says will transform the mortgage application process. The company says the launch of ‘Mortgage Hub’ will speed up the ‘outdated and cumbersome’ mortgage application process and increase accuracy. The system reduces the need for repetitive data entry as it integrates with Open Banking and…
Read more
Software solutions specialist, Aryza has announced new enhanced functionality for its Debtsense customers. The change will allow financial businesses to review their customers affordability and propose automated changes to their credit limit based on their own rules, that are built into the system. Incorporating technology such as open banking, AI-informed decision making and intuitive customer…
Read more
Business funding specialist Decimal Factor has chosen to use LendingMetrics’ Auto Decision Platform (ADP) for its assisted decisioning to orchestrate credit decisioning data and scale its business. Decimal Factor specialises in arranging responsible funding solutions, including business loans, pension-led funding and invoice finance. Its goal is to make funding available to small businesses who are…
Read more
The Aryza Group has launched Aryza Annual Review, a new digital solution designed to help IVA providers better manage customer repayment plans. By using either Open Banking data or inputting the information manually, customers can conduct a full review of their monthly income and expenditure from their mobile device, tablet or desktop computer, with the…
Read more
The Aryza Group has announced the acquisition of HubSolv. The companies says that the acquisition will significantly strengthen Aryza’s already dominant position within the financial services and insolvency market. Aryza incorporates technology such as Open Banking and AI-informed decision making to seamlessly automate the financial restructuring and recovery journey. HubSolv has developed a suite of…
Read more
Irish personal finance provider Permanent TSB has signed up to use Experian’s banking categorisation technology to improve its customer lending journeys. The solution produces high levels of accuracy, so Permanent TSB can treat customers fairly and deliver improved outcomes. The categorisation engine is an Irish-specific version and is the first in the market within the…
Read more
More than seven in ten consumers say that life through two national lockdowns has fundamentally changed the way they manage money but, for once, the changes have been positive. Nationally, 62% of people say they are in better control of their money than they were before COVID struck, according to new research from ThoughtWorks, a…
Read more
The Aryza Group has announced the acquisition of Anchor Computer Systems in a move that the company says will strengthen Aryza’s position within the financial services and insolvency market. Software solutions specialist, Aryza incorporates technology such as Open Banking and AI-informed decision making automate the financial restructuring and recovery journey. Aryza says that through its…
Read more