Credit, Collections & Insolvency News
Challenger bank Monzo has announced that it has introduced a new “Get Paid Early” feature, whereby the bank’s customers will be able to receive a salary payment via BACS credit at 4pm the day before they get paid – instead of at midnight. Monzo has over two million customers across the UK who will be…
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According to almost two-thirds of CFOs (65%), digital transformation will result in fewer jobs, despite the fact that 32% of organisations aren’t currently undergoing this change, with 23% not planning to look at digital transformation for at least a year or more, as discovered in the FinTech Barometer 2019, the annual survey by fintech company…
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Dun & Bradstreet and the Chartered Institute of Credit Management (CICM) have announced the findings of a multi-national study on how respondent finance and credit leaders are adopting automation in their departments and the challenges they face in implementing automation. The informal study found that while 87% of respondents believe automation will improve their respective function’s…
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Financial relationship management solution specialist, Rimilia has announced the opening of a new regional technical hub in Toronto, Canada. This is the second office that Rimilia has opened in the last six months as a result of continued high growth. The Toronto office will focus on Tech Services, Customer Support and AI Development to support…
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A new system designed to tackle fraud in online shopping has been delayed for 18 months. Banks and retailers had been expected to introduce a new layer of security from mid-September that would normally see a passcode sent to a customer’s mobile phone at the point of checkout for online purchases of £28 or more.…
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Paragon’s Motor finance has launched e-signature technology Flexi-sign to help intermediaries meet recommendations made by the Financial Conduct Authority (FCA). Flexi-sign is a new advanced electronic signature solution that enables faster pay- outs along with providing dealers and brokers with more choice and a standardised process when completing documents and verifying ID with consumers. It…
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TriLine GRC and 1st Stop Group have announced a new partnership. Investment in TriLine’s fully integrated GRC and SMCR solution forms part of 1st Stop Group’s commitment to further enhance governance culture, systems and controls in preparation for the FCA’s new accountability regime. The TriLine solution will future-proof 1st Stop’s approach, using technology to move…
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Regtech specialist Bonafidee has announced the launch of its new secure digital engagement platform – BonafideeEngage. The new platform enables organisations and individuals to engage online in a safe, compliant and fully evidencable way. Bonafidee founder Francis Lang said “We wanted to make life easier for both organisations and individuals when dealing with important financial,…
Read moreOnline businesses across the retail, travel and hospitality sectors have set the bar high when it comes to delivering a strong digital customer experience. They understand that to win over consumers, those people need to have an amazing experience at every online interaction and touchpoint. In line with consumer demand, the ultimate experience is seamless,…
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The finalists for the third annual Credit & Collections Technology Awards, the UK’s celebration of tech innovators in credit and collections, have been revealed. The Credit & Collections Technology Awards, organised by Credit Connect and hosted at the Credit Services Association’s UK Credit and Collections Conference, brings together credit and collections technology executives to honour the industry’s…
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A record number of entries have been reported for this year’s Credit and Collections Technology Awards, devised by Credit Connect and hosted by the Credit Services Association (CSA), as part of their annual conference and gala dinner. In total, 91 companies have entered the awards in 20 categories which include recognising best-in-class solutions across complex…
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Conversational middleware company, Webio has announced that it has partnered with EIT Digital Accelerator to scale-up and expand internationally. EIT Digital is a leading European digital innovation and entrepreneurial education organisation driving Europe’s digital transformation. Their focus is on innovative, fast-growing start-ups and assisting them to secure international customers. Having supported over 300 start-ups this partnership…
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Digital bank Starling has partnered with CreditLadder, the UK’s largest rent recognition platform, in a move that will help thousands of Starling customers improve their credit score and get on to the property ladder. CreditLadder will enable Starling customers to use their monthly rental payments to help build their credit history. By proving to lenders…
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