Credit, Collections & Insolvency News
Property lender Together has announced the appointment of Paul Luke as Chief Information Officer. Working closely with Together’s operations team, Luke will assume responsibility of Group Technology Services (GTS) and will manage the day-to day processes and technology improvement to meet the needs of colleagues and customers. He brings a wealth of experience across 20…
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Property lender Together has announced that it has appointed Surb Kaur as Sales Manager. Kaur has more than two decades of experience in commercial finance, will be the Group’s representative within the West Midlands as the finance company continues to grow its £6.6 billlion loan book. She joins from NatWest, where she was a Relationship Director, having first begun…
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AutoProtect Group Appoints Graeme Nieman as Chief Executive Officer Nieman first joined AutoProtect Group as an Interim CEO in May 2022, bringing a wealth of experience and a deep understanding of the automotive industry. His association with AutoProtect Group extends beyond his interim role, having been a pivotal figure and long-term partner of the business.…
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Risk management and commercial lending software specialist Lenvi has announced that is has appointed Ahmed Amin as Sales Director for Lenvi Riskfactor. Ahmin brings over 20 years’ experience in the receivables finance and working capital industry. In his role, Ahmin will support Lenvi’s growth within the global commercial financial market, supporting Lenvi in entering new…
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Specialist lender Together has promoted company stalwart Duncan Abraham to oversee its regulated and unregulated underwriting operations. Abraham who joined the finance group 25 years ago, was previously Head of Residential Underwriting and will take up his new role as Underwriting Operations Director next week. The highly-experienced financial services professional will take responsibility for 64…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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