Credit, Collections & Insolvency News
The first biometric fingerprint credit card issued by a UK bank has begun its three-month national trial. NatWest is piloting cutting-edge, biometric fingerprint technology with 150 customers, in partnership with Mastercard and Gemalto, a Thales Company. The bank has previously piloted biometric debit cards, but this will be the first-time credit cards have been issued.…
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The Competition and Markets Authority (CMA) has raised competition concerns over the merger of Bottomline and Experian Payments Gateway (EPG) Both companies provide payment software used by businesses every day to submit direct debits, run payroll and pay suppliers. This directly connects to the UK’s Bankers’ Automated Clearing Services (Bacs) scheme Bacstel-IP service and Faster…
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TransUnion has introduced a new affordability solution for gaming to support gaming companies as the industry continues to increase its focus on responsible gambling and consumer protection. Designed, developed and tested over 12 months by TransUnion experts, its key function is to help support gaming operators in their social responsibility practices, ahead of foreseen legislation…
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Monevo, Europe’s largest personal loan marketplace and platform has scored a hat-trick of new partners with Confused.com, Monese and Yolt. The hat-trick follows on from a series of wins for the global fintech company, which is based in the UK. Confused.com, Monese and Yolt now join a host of other brands seeking to enhance their…
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Equiniti Business Payment Services (formerly EQGlobal), the international payments division of Equiniti Group, has announced that it has partnered with SWIFT, the global provider of secure financial messaging services. The collaboration, which sees Equiniti Business Payment Services join SWIFT Alliance, will deliver clients a suite of products and services that include the widest and most…
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The Vulnerability Registration Services (VRS) has been formally unveiled as the UK’s first central register for vulnerable people. The launch took place on Wednesday 11th September in central London, at the Royal Society. The event was attended by senior decision-makers from a broad range of industries, including, but not exhaustive of: banks; building societies; debt…
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A new report by the Business, Energy and Industrial Strategy (BEIS) Committee has said that UK regions face being left behind unless the Government steps up efforts to manage the transition to automation and that British businesses could find themselves being uncompetitive. The Automation and the future of work report has found that the UK’s…
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Euler Hermes has published its third edition of its Enabling Digitalization Index (EDI), which analyses a country’s ability to provide an environment where companies can digitally transform successfully. The score is based on 5 components: regulation, knowledge, connectivity, infrastructure and size. The United States (U.S.) topped the list with a score of 87 out of…
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International postgraduate student loan provider, Prodigy Finance, has selected IRM software solutions provider SureCloud to consolidate, streamline and automate its risk, compliance, policy and incident management processes. After a five-month selection process that considered various vendors and platforms, Prodigy Finance selected four SureCloud products to provide a single centralised source of information and controls and…
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The winners of the third annual 2019 Credit & Collections Technology Awards have been revealed. There were eighteen winners from the twenty Awards categories which are covered by four main headings of Applied Technology, Credit and Collections, Lender and Creditors and Innovation Leaders. The awards ceremony was held at the Credit Services Association’s (CSA) annual…
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Credit union network My Community Finance has gone live with an automated decisioning platform (ADP) with LendingMetrics. The adoption of ADP has allowed the London-based network to shift from a hard-coded in-house loan origination system with limited decisioning capabilities, to a fully automated customer origination solution that delivers instant credit decisioning. Neil Williams, Managing Director…
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Credit Connect has announced the awards sponsors for this year’s Credit & Collections Technology Awards which takes place in Newcastle next Thursday (12th September). This year’s sponsors are fraud prevention service Cifas, debt collections specialist Credit Resources Solutions, technology, data sourcing information provider FinTrace, outsourcing specialist Equiniti Credit Services, and AI-powered accounts receivable software specialist…
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Specialist Motor Finance (SMF) and LendingMetrics have announced they have entered automated decisioning technology partnership. SMF is using Lending Metrics’ ADP platform, which has been developed to free lenders from the cost burden of manual loan underwriting, while giving them access to data analytics, risk-based pricing and affordability assessment via the Open Banking revolution. It…
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