Credit, Collections & Insolvency News
Welcom Digital, a trusted provider of loan management systems to the finance sector, has announced the launch of Financier Homeowner, a brand-new module designed to support lenders operating in the residential mortgage sector with an intelligent API first approach providing the tools they need. Built as part of Welcom Digital’s proven loan management suite, Financier…
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Oldham Credit Union (OCU) has announced that it has appointed Lyndsey Gilkes as its new Chief Executive. Gilkes brings over six years of experience from Hoot Credit Union to the position. Founded in 2002, Oldham Credit Union is a not-for-profit, democratic organisation serving over 4,000 members, with membership growing at 10% annually. Since its inception,…
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Specialist lender OSB Group has announced the promotion of Adrian Moloney to Group Lending Distribution Director. In his expanded role, Moloney will be responsible for shaping and delivering OSB Group’s lending distribution strategy across its three specialist lending brands: Precise, Rely, and InterBay. Jon Hall, Group Managing Director, Mortgages and Savings, OSB Group said “Adrian…
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Dudley Building Society has appointed Paul Purewal as Head of Intermediary Relations. Purewal joined the Society in January and brings more than 24 years of experience from Coventry Building Society, where he held a range of senior intermediary-facing roles across corporate, field and telephone distribution. Most recently, he spent over five years as Corporate Account…
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The National Association of Commercial Finance Brokers (NACFB) has welcomed two new lender directors to its board for 2026, appointing Jon Wilcox (Lloyds Commercial Banking) and Nova Everidge (Metro Bank). The appointments strengthen the NACFB’s lender Patron representation at board level, building on the recent additions of Angela Norman (YBS Commercial) and Josh Levy (Ultimate…
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Afin Bank has announced it has appointed two new Senior Business Development Managers (BDMs) as the specialist lender focusses on growing its sales team in 2026. Debbie Lavender joins Afin from PWM (Partners Wealth Management), where she was a specialist mortgage broker, and will look after the Midlands and the North. John Smith joins from…
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Cred, the next-generation credit app, has announced the appointment of Matt Trueman as its new Chief Executive Officer, effective immediately, pending FCA approval. J Trueman joins from credit management consultancy Arum. He brings over two decades of leadership experience in financial services, with extensive knowledge in technology deployment, and a wealth of expertise in scaling credit…
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London Capital Credit Union has announced the appointment of Gurminder Singh Bhagrath as its new Chief Executive Officer. Bhagrath takes over from Martin Groombridge, who led London Capital Credit Union for almost 18 years. Commenting on his appointment, Bhagrath said “As I step into the role of CEO at London Capital Credit Union, I want…
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Chetwood Bank has appointed George Gee as Managing Director of its mortgages division and member of its executive committee. Gee, who has worked in the sector for more than 20 years, joins the bank from Foundation Home Loans where he fulfilled a number of senior leadership roles including Chief Commercial Officer, Commercial Director, and Customer…
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Nationwide Building Society has been fined £44 million by the Financial Conduct Authority (FCA) for failing to manage financial crime risks from October 2016 to July 2021. The FCA found that Nationwide lacked adequate anti-financial crime systems, allowing customers to misuse personal accounts for business activities. This oversight led to missed opportunities in detecting £27.3m…
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Consumer payments platform, Zilch has announced that it has secured a payments services licence from the Financial Conduct Authority (FCA). The licensing marks a significant milestone for Zilch, removing the reliance on third-parties and enabling the business to build more payments methods in-house, develop and bring new products to market even faster and innovate quickly…
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Tandem Bank has announced the appointment of Russell Strevens as its new Chief Technology Officer (CTO). Strevens brings a proven track record in building and scaling modern technology across financial services and other regulated industries. He joins Tandem from Small World Financial Services, where he served as CTO, leading global engineering, cybersecurity and technology teams, and…
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Sophie Hutcherson has been reappointed as a Non-Executive Director to the Financial Conduct Authority (FCA) Board by the Economic Secretary to the Treasury. Her first three-year term will end on 17th April 2026. Following her reappointment, Hutcherson will continue to serve on the FCA Board for a second three-year term to expire 16 April 2029.…
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