Credit, collections & insolvency news
Dudley Building Society has announced it has appointed Andrew Turvey as its new Chief Risk Officer. Turvey has previously worked for a number of banks and building societies, most recently Vida Homeloans. He is currently a data standards committee member for the Bank of England and has also previously worked at the Financial Conduct Authority. In…
Read more
National brokerage Just Mortgages has announced the appointment of Shey Wade to the role of Digital Marketing Manager. Wade will work across the financial services division at Spicerhaart to support Just Mortgages’ brokers in both the employed and self-employed divisions, as well as advisers at Just Wealth – its financial services arm. His remit will…
Read more
Revolut has announced has it has appointed Francesca Carles as it’s new Chief Executive Officer (CEO) for its British business. Carlesi will start the new with Revolut in December 2023. She spent more than 15 years in the financial industry across a range of sectors including private equity, retail and commercial banking, investment banking and asset…
Read more
Online high-cost short-term lender Novaloans (trading as Cash4UNow) has entered administration. Novaloans Ltd is a family-run business founded in 2011, employed 38 people according to its total exemption. Its offices are at Limewood Business Park, in Seacroft. The Financial Conduct Authority (FCA) has confirmed that the firm is no longer lending. However, all existing loan…
Read more
Global credit intelligence company Pepper Advantage has announced the appointment of Narinder Auluck as Group CTO, based in London and effective immediately. A mathematician by training, Auluck has over 20 years of experience in the banking and finance sector leading digital innovation strategies at global banks including UBS, Barclays, HSBC and NatWest. Most recently, he…
Read more
Data analytics company, Nova Credit has announced it raised $45 million in Series C funding. The company says the funding to further broaden its product offering beyond cross-border credit reporting and scale Cash AtlasTM, the industry’s leading solution for cash flow underwriting and verification of income and employment. The expansion enables the company’s partners to grow within risk appetite by incorporating an expanded suite of open…
Read more
Ad-subsidised payments network, Zilch has anew product dedicated to empowering people typically excluded from mainstream credit. The product called Zilch Up provides all the benefits of Zilch’s zero-interest, ad-subsidised borrowing with the ability to improve a credit score, which wasn’t possible before Zilch. With 5 million people in the UK deemed credit invisible, Zilch’s new…
Read more
Metro Bank is launching a fresh cost-cutting drive after the lender clinched a £925 million rescue package from investors over the weekend. The high street lender said it was aiming to slash about £30 million of costs a year from 2025 as part of the deal, which avoided a potential breakup or takeover by a rival…
Read more
AutoProtect Group has announced that it has appointed Peter Carter as Head of Compliance. In leading the Group’s compliance activities, Carter will spearhead the development and implementation of all compliance activities across the Group. These include internal compliance, the leadership of the iComply programme and management of the business’ network of Appointed Representative retailers. Carter…
Read more
TransUnion has announced that it has partnered with London-based fintech company Tymit to help mitigate fraud risks whilst enabling friction-right experiences for consumers applying for Tymit’s pioneering instalment credit card. Tymit offers an alternative to traditional credit cards and buy now, pay later offerings and launched the world’s first instalment credit card. However, the credit…
Read more
The Lending Standards Board (LSB), the primary self-regulatory body for the banking and lending industry, is pleased to announce its membership of the UK Regulators’ Network (UKRN). The LSB says that the partnership will further enhance collaboration among regulators from various sectors, promoting better outcomes for consumers, SMEs, and the economy. The UKRN brings together…
Read more
National brokerage Just Mortgages has announced that it has appointed Wayne Saker as Area Director. Saker has two decades of financial services experience in recruiting and mentoring brokers. He joins from Countrywide, where he first started as a mortgage consultant in 2003. Since then, he has risen through the ranks becoming regional sales manager, financial…
Read more
Short-term property finance provider, Glenhawk has announced that it is set to transition to auto-assisted credit decisioning following its adoption of LendingMetrics’ ADP platform. David Wylie, Commercial Director of LendingMetrics, said “We are delighted to have been chosen by Glenhawk which, after undertaking in-depth research into all the available auto underwriting platforms, decided that ADP…
Read more