Credit, Collections & Insolvency News
Global information company TransUnion and collections specialist Receeve have announced a partnership aimed at delivering an increased collections autonomy and profitability through AI-powered insights and strategy optimisation. Kelli Fielding, Chief Product Officer at TransUnion said “It is vital that consumer wellbeing remains at the heart of decision-making. “Our partnership with Receeve will improve services and…
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Paragon Bank has announced the appointment of Louisa Sedgwick as Managing Director of its Mortgages division with immediate effect. Sedgwick, who has been with Paragon since April 2023, succeeds Richard Rowntree, who will be commencing a new role within the financial services industry. Sedgwick is a well-known and highly respected figure in the mortgage industry. …
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Alternative finance specialist, Reward Finance Group has announced a new partnership with LendingMetrics which will enable use of auto-assisted underwriting technology to speed up decisioning and underpin its focus on customer service. David Wylie, Commercial Director of LendingMetrics, said “Having sophisticated automated decisioning is becoming an essential ingredient for lenders wanting to maximise service levels.…
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Total UK fintech investment hit $7.3 billion in the first half of 2024, up from $2.5 billion in the same period in 2023, according to KPMG’s latest Pulse of Fintech report, a bi-annual report on fintech investment trends. Despite the almost threefold increase, geopolitical uncertainty, high levels of inflation and the high interest rate environment have all…
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Aro, has announced its partnership with personal finance app, TotallyMoney to bring personalised credit matching capabilities to secured loan customers. With the new partnership, TotallyMoney customers will be offered with more choice when it comes to selecting loan products, whether that’s with more flexible terms, lower interest rates or values that align with their financial…
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Fair4All Finance has appointed Kate Pender as its new Chief Executive Officer (CEO). Pender has been working with Fair4All Finance since the company was formed in 2019, leading work on growing the resilience and capability of community finance lenders. Prior to her time at Fair4All Finance, Pender had twenty years of experience in economic development…
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Revolut, the global fintech with over nine million UK customers and 45 million globally, has announced today that it has received its UK banking licence with restrictions from the Prudential Regulation Authority (PRA), the regulator responsible for overseeing the UK banking sector. Revolut now enters the ‘mobilisation’ stage, sometimes referred to as ‘Authorisation with Restrictions’,…
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NatWest has agreed to buy a £2.5 billion portfolio of prime residential mortgages from Metro Bank. The deal will see around 10,000 customer accounts transfer to NatWest from Metro, although the accounts will continue to be serviced by the latter lender. NatWest says the mortgages have a weighted average current loan-to-value of around 62%, and…
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Target Group has announced that it has appointed Rob Hanks as Product Manager, the latest in a wave of key specialists appointed to form its Originations team. Hanks appointment brings the team’s number to 12, having grown rapidly this year. Hanks joins other leading industry tech experts including Alastair Knowles, Shruti Kamble, and Alastair Macdonald.…
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Target Group has announced that it has promoted Katie Pender to the position of Chief Operating Officer (COO). Pender joined Target in 2019 as head of client solutions, playing an integral role in the development and successful deployment of the group’s state-of-the-art mortgage originations solution, Mortgage Hub. Most recently, she served as Managing Director of…
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HSBC has announced that Georges Elhedery will replace Noel Quinn as Chief Executive Officer. Elhedery, currently the bank’s Chief Financial Officer, he will take on the post in September. He first joined the business in 2005 as global head of structured rates, global banking and markets. Since then, he has worked in a variety of…
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Broker, Just Mortgages has announced the promotion of Mortgage Manager Tara Panayi to the role of Divisional Sales Director. In her new role, Panayi will leverage her expertise and experience to oversee and support both new and existing advisers in her region. Collaborating with the financial services directors and the senior management team, Tara will…
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Global information company TransUnion has announced it has appointed Sam Welch as its new Chief Revenue Officer, and Celso Nogueira as its new Chief Strategy Officer. Both leaders will serve the business across the UK and Europe in their new roles. Welch will lead TransUnion’s go-to-market strategy across the region, driving sales and overseeing client…
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