Credit, Collections & Insolvency News
Cardiff-based start-up SamePage and the Green Deal Finance Company (GDFC) have announced that they have agreed on a home improvement partnership. The Green Deal Finance Company (GDFC), was originally a Government scheme and now a privately-owned green fintech lender supporting homeowners to invest in renewable energy and products, to create a new online loans applications…
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For the second year in a row, Intrum has announced that it has arranged a hackathon to promote innovations for financial well-being among European consumers. The hackathon will take place in Madrid on April 3-4, 2019. The two day-event will have participants from universities, institutions, start-ups and SMEs. The objective is to identify innovation gaps…
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MoneySuperMarket has announced it has launched a new personalised credit score app. The app is called Credit Monitor, and uses TransUnion data to help people manage their money and achieve their financial goals with less effort. The app launched via a phased release to consumers in December 2018. Two weeks ago, MoneySuperMarket unveiled an ambitious…
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Contactless transactions have risen 31 percent year-on-year in 2018, to latest data from banking trade body UK Finance. The current payment limit with a contactless card is £30, more than which a Pin must be used. But an increase in usage throughout 2018 is expected to lead to an increase in that maximum, although those…
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Moneyhub has integrated Starling Bank into its Payment Gateway, the first challenger bank to support PSD2 PISP legislation and joining the growing list of payment providers on the Moneyhub platform. Moneyhub’s integration with Starling Bank’s API allows users to initiate a payment straight from one account to the other quickly, easily, and at a fraction…
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Finance teams lack the digital skillset to embrace the latest advancements in artificial intelligence (AI), causing a negative impact on revenue growth, according to a new study from the Association of International Certified Professional Accountants (the Association) and Oracle. The study of more than 700 global finance leaders found that despite a clear correlation between…
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For the first time since its inception, the Financial Conduct Authority (FCA) has issued a license for the provision of a digital debt advice solution. Tully is a fintech start-up created to improve financial capability, make it easier for people to manage their money and repay their debts faster. Tully said it’s mission is to…
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M&S Bank has become one of the first mortgage providers to enable open banking assisted mortgage applications. The open banking enabled mortgage journey means most customers will no longer need to source and supply copies of bank statements to support their mortgage application. Using the open banking assisted journey, this documentation will be immediately and…
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The Financial Stability Board (FSB) published a report today on FinTech and market structure in financial services. The publication is part of the FSB’s ongoing work to monitor the global FinTech market developments and their potential implications for financial stability. The FSB defines FinTech as technology-enabled innovation in financial services that could result in new business…
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Most finance teams and professionals are not evolving their skills fast enough to account for the impact of artificial intelligence, robotic process automation and other technologies according to a new research study released by the Chartered Institute of Management Accountants (CIMA). The majority (over 50 percent) of finance leaders globally say the competencies of their…
Read moreSeven in ten businesses struggle to unlock data’s true potential because of a lack of control, leaving many businesses with untrusted data that undermines business innovation and customer interactions, new research from Experian has revealed. Experian’s Global Data Management report, which surveyed 1,000 data practitioners from organisations around the world, found that although three-quarters (75%)…
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Credit risk and Artificial Intelligence (AI) specialist, Jaywing, has announced the results of an exploratory piece of work undertaken for Newcastle Building Society, to increase the effectiveness of its risk application models using Jaywing’s AI-based product, Archetype. Newcastle Building Society recently undertook some enhancements of its customer risk scores and wanted to understand whether applying…
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Consumer Credit Solutions (CCS) has purchased a controlling share in finance technology specialists Castlefields (Abbeystoke Ltd). CCS is a facilitator of point-of-sale finance to the home improvement industry and has enjoyed a close working relationship with Castlefields for over 15 years. In that time CCS has been instrumental in assisting Castlefields to enhance both the…
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