Credit, Collections & Insolvency News
Oakbrook has announed a new partnership with payments automation platform Modulr. The partnership will enable the lender to expand its repayment choices for customers and strengthening its technology-enabled servicing platform with the launch of Variable Recurring Payments (VRPs). The introduction of VRPs gives customers an additional way to manage their loan account repayments alongside Direct…
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Revolut Bank UK has announced that it has received regulatory approval from the Prudential Regulation Authority (PRA) to exit the mobilisation phase, and launch as a bank in the UK. The launch comes with an existing base of 13 million UK customers and follows Revolut’s recent commitment to invest £3bn ($4bn) and create 1,000 high-skilled…
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Tandem Bank has announced that it has appointed Stephen Jones as Chair. An industry veteran, Jones is currently Executive Chair of Investment Banking at Panmure Liberum and brings decades of senior leadership experience from across the UK banking sector, including senior executive roles at Santander and Barclays, as well as being the inaugural Chief Executive…
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Independent risk consultancy, Broadstone, has announced that it has agreed to acquire Rockstead, a specialist supplier of governance, risk and consultancy services across the financial services market. The transaction will strengthen Broadstone’s capabilities in its growing banking & credit advisory vertical, which has offered a range of credit risk, data analytics and modelling services, following…
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Katharine Braddick CB has appointed as the next Deputy Governor for Prudential Regulation at the Bank of England and Chief Executive of the Prudential Regulation Authority (PRA), succeeding Sam Woods, whose term ends in June 2026 and has served as Deputy Governor for Prudential Regulation since 2016. Braddick brings a rare mix of private sector banking experience…
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Creditstar Group, a European data-driven fintech, has announced that its UK subsidiary has received approval from the Financial Conduct Authority (FCA). to operate as a mainstream consumer credit lender in the United Kingdom. Following FCA approval, Creditstar UK is offering fully digital personal loans of up to £10,000 with repayment terms of up to 60…
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The Finance & Leasing Association (FLA) has announced the appointment of Jeremy Barton as its new General Counsel, The FLA says thatthe new role reflects the growing complexity of the regulatory environment and the FLA’s commitment to supporting members with authoritative legal insight, robust governance, and proactive engagement with policymakers and regulators. Barton is a…
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Evlo has announced a new partnership with rent-reporting platform, CreditLadder. The partnership is the next milestone in Evlo’s industry-focused’ Financial Freedom for Everyone’ campaign, which is calling for reforms that make the credit system fairer and more inclusive for renters. Through this collaboration, Evlo will be able to connect its renter customers, especially those with…
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Darlington Building Society has announced it has appointed Michael Conville as Chief Customer Officer. Conville joins Darlington, which is celebrating its 170th anniversary this year, from Newcastle Building Society, where he held senior roles as both Head of Mortgage Operations and interim Chief Customer Officer. Darlington Building Society Chief Executive, Andrew Craddock, said “Michael brings a…
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LHV Bank has been formally granted consumer credit permission by the UK Prudential Regulation Authority (PRA), following a comprehensive and rigorous six-month application process. The permission represents a significant regulatory milestone for LHV Bank in the UK and reflects a high degree of regulatory confidence in the bank’s governance, risk management, capital resilience and control…
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ClearBank has announced that it has appointed Neil Drennan as Chief Technology Officer (CTO), effective immediately. Drennan has previously served the same position for 10x Banking and, most recently with Currencycloud since 2021. In the new role, Drennan will take charge of the technology organisation and lead the evolution and enhancement of ClearBank’s cloud-based API…
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Tandem Bank has announced that it has appointed Ryan Heaps as its Chief Financial Officer (CFO), stepping up from his previous role as Deputy CFO. Heaps is a chartered accountant with over 15 years’ experience in senior finance roles, he joined Tandem in 2022 as part of the Oplo acquisition, where he had served as…
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JN Bank UK has announced that it has relaunched as thisbank following a rebrand. In a statement, thisbank said it was “Created by revitalising the UK arm of JN Bank under new leadership and ownership. “Now backed by UK and US investment, a new leadership team from some of the biggest names in banking, the…
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