Credit, Collections & Insolvency News
Yobota, the cloud-based banking platform provider, has selected fintech, Credit Kudos, as its open banking credit bureau, allowing Yobota customers to significantly improve affordability and credit risk modelling. Currently, financial institutions are operating on complex, legacy technology architectures many of which were developed in the 1970s/80s. This not only increases operational cost and risk but…
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Aire, the credit insight service, today launched a range of new services – the Aire Credit Insight Suite – to offer UK lenders greater decision-making power when it comes to assessing customers for credit risk and affordability. Operating across the customer lifecycle, Aire enables lenders to make fairer, more accurate credit decisions about their customers:…
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Improving data and the quality of decisions are two of the top strategic priorities for credit management professionals in the next three years. A new study of credit management professionals from Equifax Ignite reveals nearly three quarters (72%) believe there is scope for future improvement of data analytics at their current companies. The study, in…
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Conversational middleware company Webio has announced it has achieved ISO 27001 certification. ISO 27001 is the internationally recognised Information Security Management Standard that proves an organisation’s commitment to the security of their customer, employee and shareholder’s information. The information security management accreditation has been achieved by demonstrating Webio’s commitment to protecting data and corporate information. …
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AI firm Sidetrade and global mobile satellite communications company Inmarsat, has announced that they have won the ‘Vendor/Client Transformation of the Year’ Award at the Future of Finance and CFO Summit Awards, held in London. The judging panel of senior finance professionals singled out the fruitful relationship between the scale-up company and the world leader,…
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Credit Connect’s first webinar of 2020 saw the theme of business transformation within collections discussed at an event hosted by Credit Connect in association with Lightico. Collections professionals from banks, motor finance, utility firms, debt collection agencies, fintechs and credit managers were amongst the viewers. Some of the questions asked in the webinar (with answers)…
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AI-driven process automation solution specialist Esker has announced the integration of Stripe Connect, to its core product. This integration will expand Esker’s order-to-cash (O2C) solution by offering secure online payment capabilities globally and help businesses get paid faster. Jean-Michel Bérard, CEO at Esker said “As the most innovative player in financial technology, Stripe was the clear choice…
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Credit risk analytics specialist, Jaywing, has been appointed by Skipton Building Society as their independent model validation partner. The partnership began with Jaywing’s validation of Skipton’s IFRS 9 models in September 2019. Having demonstrated its modelling and regulatory expertise through this initial project, Jaywing was then commissioned to extend its work with the validation of…
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Buy to let mortgage lender Molo has announced an open banking technology partnership with Experian. Molo is the UK’s first fully digital mortgage lender has streamlined the traditionally painful mortgage process, granting near-instant decisions, along with fair, secure, direct-to-customer lending. No paper, no appointments, no middlemen and no months of waiting for a decision –…
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Credit Connect and Lightico will discuss examine how to accelerate effective collections with digital transformation and will review innovation enhancing collections strategy in an online webinar taking place on Tuesday 11th February. This FREE Credit Connect webinar will look at: Reduce average call times Increase successful collections rates Provide a frictionless/seamless collections process Remove paperwork from…
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Here is an overview of The Money Charity’s latest statistics for January 2020 Personal debt in the UK People in the UK owed £1,669 billion at the end of November 2019. The average total debt per household, including mortgages, was £59,982 and per adult was £31,643, around 111.6% of average earnings. Net mortgage lending rose…
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Online short term loan lender, Uncle Buck Finance has announced that it will implement TriLine’s fully integrated GRC & SMCR software solution. Following evaluation of several solution vendors, Uncle Buck Finance LLP selected TriLine GRC to provide a fully integrated GRC and SMCR solution to support the business. The TriLine GRC solution will provide Uncle…
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The 2020 Credit & Collections Technology Awards have now opened for entries. Launched in 2017, the fourth annual awards seek to recognise excellence in credit and collections technology. The Credit & Collection Technology Awards powered by Credit Connect are judged by independently selected judges from across the industry, who have the enviable task of identifying the best…
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