Credit, Collections & Insolvency News
A new global and UK study by the Economist Intelligence Unit for information and insights provider TransUnion has overwhelmingly found the key to whether or not companies go out of business hinges on providing consumers friction-right digital transactions. More than eight out of 10 executives, both in the UK and globally said they believe smooth…
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Netacea, a provider of bot management solutions has announced that credit score provider C;learScore has selected Netacea’s bot management solution to protect against credential stuffing attacks and account takeovers. Klaus Thorup, Chief Technology Officer, ClearScore, said“At ClearScore, we deal with highly sensitive credit report data every minute of every day. In the wrong hands, this data…
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Buy Now Pay Later (BNPL) provider Zilch has partnered with challenger credit reference agency and Open Banking provider Credit Kudos to better assess the affordability of its customers. Zilch says that the COVID-19 outbreak has brought affordability into sharp focus and BNPL providers are under increased pressure to protect potential borrowers – in particular young…
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Yu Energy has announced that it has selected Just to manage its post litigation collections through the enforcement market integration service. The company says that the partnership will ensure that it can further optimise processes to recover what it is owed to allow it to maintain competitive prices across the industry. Bobby Kalar, Founder and…
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Global information and insights provider TransUnion has extended its fraud and identification offering with a new Document Verification and Facial Recognition solution, to help combat the increasing rise of identity fraud. Shail Deep, Chief Product Officer at TransUnion said: “Over the past five years, identity fraud cases have risen by 32% according to Cifas and…
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Specialist mortgage lender United Trust Bank has selected LendingMetrics’ ADP for their automated mortgage decisioning. United Trust Bank is a specialist mortgage lender providing a range of first and second charge products through its panel of approved introducers. The new platform, currently undergoing the bank’s UAT process, augments the expertise of the bank’s underwriters, by…
Read moreLending software solutions specialist Aryza has announced that its partnership with Freedom Finance, to develop customer engagement solution ‘myfreedom’ has already helped hundreds of UK consumers secure access to credit and gain a clearer understanding of their finances, with over £1 million being lent in the first few weeks. Aryza’s solution allows users of the…
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The Financial Conduct Authority (FCA) has opened application windows for two ‘sandbox’ services to support innovative firms tackling challenges caused by the coronavirus (Covid-19) pandemic. Application windows for Cohort 7 of the Regulatory Sandbox and the pilot of a new Digital Sandbox initiative have opened with an emphasis on supporting products and solutions that will assist consumers and firms…
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The Open Banking Implementation Entity (OBIE), the body set up by the Competition and Markets Authority (CMA) to deliver open banking in the UK, has announced that over two million customers are now using open banking-enabled products. The figures represent a significant upswing in the use of open banking technology despite the disruptive effects of…
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The Credit & Collections Technology Awards, which recognises technological innovation in the credit and collections industry for companies and individuals who have done the most outstanding work in the past year is set to announce the winners via an online webinar ceremony on Thursday 19th November. This year’s online Awards ceremony will replace the face-to-face…
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Exizent, a Glasgow-based technology firm, has raised significant funding with the launch of new business which aims to transform the way the legal and financial services industry deals with bereavement. The company says that in an era of digitised services, with more transparent and open access to information, Exizent is building the first-ever platform that…
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The Aryza Group has launched ‘Aryza Recover’ a new digital solution designed to automate the management of payment plans and collection strategies. The company says that in a COVID-19 environment when businesses are managing customer payment breaks with limited resources, and consumers may be struggling and falling into arrears, Aryza Recover allows consumers to review…
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New research commissioned by payments provider, PayPoint, has thrown the spotlight on the small adjustments landlords and lettings agencies could make to help tenants manage their finances during these uncertain times. With concerns surrounding overdue rent particularly high, it seems that many renters would welcome a gentle nudge, in the form of a text message…
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