Credit, Collections & Insolvency News
The Credit & Collections Technology Awards has confirmed the judging panel for the 2021 event. Launched in 2017, the fifth annual awards seek to recognise excellence in credit and collections technology. The judging panel includes industry association leaders whose expertise includes specialisms from a diversity of different backgrounds, this ranges from consumer and business commercial…
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Vanquis Bank has announced a partnership with SQA Consulting to help combat financial crime. By introducing an Elimination Algorithm, UK credit card provider Vanquis, part of the Provident Financial Group, plans to reduce its manual processes and increase efficiency, whilst saving huge amounts of time previously spent processing false-positive alerts. Following compliance testing and a…
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Legal technology firm Exizent has announced a partnership with Experian to automate the asset discovery process involved in probate. Exizent says that the milestone partnership paves the way for future institution connectivity, with the ultimate goal of making things easier and more efficient for all involved. The company says that the major challenge right now…
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Data-driven technology company Connected Data has announced that it has partnered with global fraud fighter, SEON, to introduce data and techniques successfully used in fraud detection and prevention, to the debt management process. SEON’s approach to fraud prevention involves the aggregation of information in near real-time from over 20 social media platforms – the widest range…
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Paylink Solutions has announced it is one of four companies, alongside PayPlan, OpenWrks and Tully, that intend to merge the debt advice and finTech sector specialists. The company says that the merger will deliver tech-enabled debt advice, financial wellbeing and credit solutions group that can deliver transformative support to customers and clients across the UK.…
Read moreIntelligent Automation (IA) is set to become the latest technology buzzword in the financial sector, with 94% of finance professionals stating they are looking to implement the technology according to new research by Visma | Onguard. The research says that despite this, 50% of finance professionals do not understand the technology or the benefits it…
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Credit Connect’s hosted its first-ever Online Lending Technology Think Tank last week which saw lending strategies and the future of the sector discussed by thirteen leading professionals from a variety of lending sectors. The themes of fraud, open banking, credit risk and the future of lending were discussed by panellists and Chair Chris Warburton from…
Read moreBusiness finance marketplace platform Funding Options has launched Funding Cloud, a data-driven technology platform that the company says will bring scale and speed to the SME finance sector. Lenders including Just Cash Flow, iwoca, YouLend, Optimum Finance and FIBR have already integrated with Funding Cloud. By Q4 this year, the company expects to have more…
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UK fintech start-up PrinSIX Technologies has announced a digital onboarding platform partnership with Welcom Digital. Welcom Digital, the developer of lending technology platform Financier, has selected the PrinSIX digital onboarding platform to extend its deployment possibilities in its end-to-end digital lending journey solution. PrinSIX offers a fully flexible platform solution to orchestrate UX, communications, internal…
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Curve Credit has announced that it has partnered with challenger credit reference agency, Credit Kudos, to strengthen its affordability and risk assessments for its customers. Credit Kudos uses Open Banking to provide lenders with real-time insights into a borrower’s financial situation, and to give a fuller view of an individual’s real-time financial health. Powered by…
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Ambitious new plans to help fintechs scale up and ensure the UK remains at the cutting edge of digitalising finance have been announced by the Chancellor. Speaking at Fintech Week, Chancellor Rishi Sunak set out proposals to enhance the UK’s competitive advantage in fintech, from regulatory support and reforms to help firms grow to a…
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Applications for finance have soared since the lifting of lockdown restrictions, according to intelligent decisioning technology provider LendingMetrics. The company has seen traffic rise 60-65% on its LMX platform during the first two weeks of April, compared to levels during the same weeks in March. Lenders that use its automated decisioning platforms witnessed loan applications…
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Britain’s financial firms and regulators should step up the use of technology to cut the cost of compliance and make the City of London more globally competitive, according to a new report. The report from the corporation that runs London’s ‘Square Mile financial district called for the removal of barriers to engineering a ‘paradigm shift’…
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