Credit, Collections & Insolvency News
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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The Lending Technology Think Tank has confirmed its agenda and speaker line-up ahead of the event next Thursday (22nd April). The inaugural Lending Technology Think Tank has been created as an online event platform so that lending and creditor professionals can specifically discuss the role of the technology as we potentially emerge from the pandemic,…
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Ten UK fintechs have been brought together in a new initiative by PwC which the company says will aim to showcase and shape the future of banking with collaboration, innovation, and personalisation at its heart. Three years in the making, the ten businesses have contributed to the firm’s ‘Tysl’ ecosystem which incorporates a number of…
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New research by Exizent has found that the estate administration process causes stress, frustration, financial issues and even mental health problems for the bereaved. In its first annual Bereavement Index, Exizent has discovered that 25% of people dealing with the administrative side of bereavement suffered financial difficulties as a result, while 40% saw their mental health…
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Money-saving app Snoop has announced that it will use an AI-driven personal loans solution from Accepty. The partnership will enable Snoop customers with access to tailored ‘personal’ loan solutions. John Natalizia, Snoop CEO, said “Our partnership with Accepty is all about creating the most intelligent personal loan matching service in the market. Accepty will help Snoop…
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European Bank, Ikano has announced that Regtech platform TruNarrative will provide its digital onboarding and global fraud risk management platform. Founded by the family behind global retailer IKEA, Ikano Bank offers simple and fair banking and financing. They offer both direct to consumer products; credit cards, loans and savings accounts, along with extensive facilities to…
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Software financial services solutions specialist, Aryza has announced the launch of ‘Aryza Messenger’ a new case management solution. The company says that the new launch was built specifically for businesses operating within the insolvency, debt management, consumer credit, lending, debt recovery and collections space and is a fully compliant solution, able to handle any case…
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New research from global insights and information company TransUnion suggests an increased intention among consumers to engage with online-only banks or apps, narrowing the gap between these challengers and traditional high street banks. The figures show 11% of consumers intend to open an account with an online-only bank or app in the next 12 months,…
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Despite nearly three million consumers using open banking services and the recent news that HMRC has now adopted Open Banking payments, many businesses are holding back from implementing the technology due to concerns around the cost of storing and protecting customer data, seemingly unaware of the option to partner with established service providers that can…
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A new data-driven technology debt prevention company has launched with a vision which it says will enable organisations to better understand and support their customers. Connected Data, says that it will aim to transform an organisation’s debt and customer management processes by significantly simplify the deployment of predictive data and remove ‘data noise’. The company…
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The Online Collections Technology Think Tank 2.0 has confirmed its agenda and speaker line-up ahead of the event next Thursday (18th March). The second Collections Technology Think Tank has been created as an online event platform so that collections professionals can specifically discuss the role of the technology as we potentially emerge from the pandemic,…
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A new digital consumer lender, Fintern, has launched with aim to radically transform the financial well-being of people which the company says goes beyond traditional credit scoring and puts affordability first. Fintern is the first digital consumer lender to use proprietary Artifical Intelligence (AI), Open Banking and transparent affordability testing, replacing outdated credit scores, to…
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