Credit, Collections & Insolvency News
Instalment-only credit card provider Tymit has agreed a partnership to adopt LendingMetrics’ Auto Decision Platform (ADP) to enable faster decisioning. The fintech, which partners with merchants to provide consumers with a choice of in-store or online flexible payment plans, selected ADP after considering the platforms offered by a range of other providers. ADP is a…
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Equifax has announced the appointment of Nadia Strone as Vice President of Human Resources for Europe. Strone brings more than 20 years of experience leading people strategy development and high-impact transformation within the cosmetics and financial services industries. Strone joins Equifax from beauty and personal care company Avon, where she served as Executive Director of Human Resources, Western Europe. During her…
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Identity service provider, OneID has announced the appointment of Paula Sussex as Chief Executive Officer (CEO) who will lead the firm through its next period of expansion. Most recently Sussex was CEO for the Student Loans Company (SLC), a government-owned company that manages a loan book of some £200 billion and supports some 6 million…
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Wolverhampton City Credit Union (WCCU) has announced that it has appointed Tameka Spencer as its new Chief Executive Officer (CEO). Spencer has worked at WCCU for over nine years and brings a wealth of experience and knowledge from within the sector. Spencer has previously held the roles of Operations Manager and Deputy CEO, she has…
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TransUnion has announced that it has appointed Mark Molyneux as its new Strategy and Planning Director for the UK and Europe. As part of the UK executive team, Molyneux will be responsible for identifying and developing new growth opportunities that align to TransUnion’s strategy, both in the UK and globally. Having joined TransUnion in 2019,…
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Education lender Knoma has announced that it will use Fuse by Pave’s Open Banking insights to enhance credit decisioning through a new partnership agreement. The partnership will enable Knoma to improve acceptances, making education more accessible for millions across the UK through interest-free financial solutions. Open Banking data will empower Knoma to more accurately collect…
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Wiltshire and Swindon Credit Union have announced that they completed a merger agreement. The Credit Union will now be called Wiltshire and Swindon Credit Union (WASCU) says that the name change will reflect a new focus on encouraging savings and will continue to offer the same high level of service. Wiltshire and Swindon Credit Union…
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Credit provider, Non-Standard Finance (NSF) has provisionally agreed on a deal with its lenders which it hopes will underpin rescue efforts to save the group. Its secured lenders have provisionally agreed to release £71 million of secured debt in exchange for 20% of the company. NSF plans to raise £95 million through a share placing…
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Experian and CarCloud have today announced a new partnership that will enable users of CarCloud’s digital management app users will now be able to check eligibility for new car finance deals without it affecting their credit score – giving them the confidence to go ahead with the best, most affordable option. For lenders, eligibility gives…
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The Prudential Regulation Authority (PRA) has fined Carlos Abarca, the former Chief Information Officer (CIO) of TSB Bank, £81,620 for breaching PRA Senior Manager Conduct Rule 2 as he failed to take reasonable steps to ensure that TSB adequately managed and supervised appropriately its outsourcing arrangement in relation to its 2018 IT migration programme. The…
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Equifax UK has announced a partnership with short-term credit facilities & Buy Now Pay Later (BNPL) specialist, Spear Technology, (parent company to The Yes Catalogue, New Is Nice & Flava). The collaboration will see both companies operating together to identify and help customers at financial risk. With increased financial pressure being placed on consumers, lenders…
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Peer-to-peer lender The Money Platform has announced that it has agreed on a partnership with LendingMetrics to use their Auto Decision Platform (ADP) technology. The Money Platform enables an alternative line of credit for ’thin-file’ customers, by “connecting borrowers and lenders” without the hassle of financial institutions acting as middlemen. The platform is secure, transparent,…
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Digital lending marketplace, Freedom Finance has announced that it has appointed Nick Jones as Director of Freedom for Intermediaries. In his new role, Jones will lead the growth and development of Freedom Finance’s intermediated division through its Freedom for Intermediaries offering, a service dedicated to intermediaries who are looking to support their clients with specialist…
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