Credit, Collections & Insolvency News
Patricia Hamzahee OBE, an advisor, investor, philanthropist and specialist in access to funding for diverse businesses and social enterprises, has joined the board of Responsible Finance. Hamzahee was awarded an OBE in the recent New Year Honours list for services to philanthropy, to the arts and to impact investment. After a long career in banking…
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TransUnion has announced that it has signed a definitive agreement to acquire Monevo, a credit prequalification and distribution platform that empowers lenders and banks to deliver highly personalised credit offers to consumers via comparison websites and other third parties. TransUnion currently owns 30% of the equity of Monevo after acquiring a minority stake in 2021 and…
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Mike Morgan has been appointed as the new Chief Executive Officer (CEO) for Close Brothers. Morgan succeeds Adrian Sainsbury, who stepped down after four months of medical leave. Mike Biggs, Chairman, said “The board would like to sincerely thank Adrian for his material contribution during his 11 years with the Group, the last four of…
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LendingMetrics, the credit risk technology group, has appointed software expert David Murray as Non-Executive Chair. The appointment follows LDC’s recent investment in LendingMetrics, Murray will work alongside CEO Neil Williams and Commercial Director David Wylie. Murray brings more than 30 years’ experience in software engineering and IT to LendingMetrics. He was the co-founder and CEO…
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Scotwest Credit Union has announced a partnership with LendingMetrics to install automated underwriting technology to speed up decisioning. The Glasgow-based provider, which offers loans and savings accounts. David Wylie, Commercial Director of LendingMetrics, said: “After considering a range of options, Scotwest decided ADP represented their optimal choice. They particularly liked the facility to change rules…
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Community lender, Salad Money has announced the appointment of Alex Marsh as Chair of its board. Marsh will succeed Sir Tim Melville-Ross who held the role since Salad’s launch in 2019. The firm called it an important milestone as it continues to develop its lending platform, having become the UK’s largest community development finance institution…
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Data science consultancy Jaywing has announced a strategic three-year partnership with Everyday Loans to implement advanced AI and machine learning solutions across their business operations. Jacob Rukin, Chief Credit Officer at Everyday Loans said “This investment in AI technology demonstrates our dedication to merging cutting-edge analytics with responsible lending practices,” “With Jaywing’s Archetype platform, we…
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Close Brothers Motor Finance (CBMF) has announced two senior appointments. Clare Bradley, formerly Director of Sales Optimisation (Retail), has been appointed Commercial Director, and Neil Leonard, formerly Head of Marketing, has been appointed Marketing Director. Bradley, who has been with CBMF for six years, has previously held senior sales and commercial roles in various industries,…
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Aryza Group has announced a partnership with TransUnion. The partnership will leverage the strengths of both companies to offer comprehensive credit and debt management solutions across all Aryza platforms and services in the UK and Ireland, whilst keeping consumer well-being at the heart of decision making. The collaboration is designed to address the growing demand…
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Revolut has announced it has appointed Fiona Fry and Peter Estlin as non-executive directors as it prepares to launch as a fully-fledged bank in the UK. Fry, a qualified chartered accountant, has built a career spanning more than 40 years in professional services. Fiona was a Partner at KPMG for over 23 years, where she…
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Together has announced the appointment of a new Head of Corporate Portfolio within its corporate real estate lending team. Simon Carrier will lead the team of corporate portfolio directors and managers responsible for managing and nurturing its existing corporate customer relationships, and widening the specialist lender’s network of corporate clients and advisers as it continues…
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Digital homebuying platform, OneDome, has announced that it has acquired mortgage broker, Coreco Group (subject to FCA approval), for an undisclosed seven figure sum. The current Directors, Andrew Montlake and Julian Ingall, along with the Coreco Management Team, will remain in their roles to spearhead an ambitious growth agenda. Andrew and Julian will also join…
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FCA-authorised credit broker and business lender, Love Finance has announced the formation of a new board of Directors. The newly appointed board members have each contributed significantly to company’s growth to date, Jenny Sadler previously as Head of Finance now takes a role as Finance Director focusing on providing structure and governance, ensuring that robust financial…
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