Credit, Collections & Insolvency News
Digital bank Tandem has announced that it has secured £20 million in Tier 2 capital from Quilam Capital, a growth investor with expertise in the speciality finance sector. The capital raise concluded in late June 2023, following a process supported by financial services advisor Alantra. Commenting on the transaction, Alex Mollart, Chief Executive Officer of…
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TransUnion and NatWest Group have expanded their existing partnership to introduce Know Your Credit Score – the first credit information service from a retail bank available to all eligible consumers in the UK. The new service builds on the success of the bank’s existing tool, powered by TransUnion’s CreditView solution, which has already seen more than five million customers…
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Tipton & Coseley Building Society have announced that Adam Evetts will become the mutual’s new Chief Executive Officer (CEO) early next year. The Building Society has announced that Richard Newton will be stepping down as its Chief Executive Officer, after 10 years in the role and after 32 years total service to the Society. He…
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Experian has launched a new service which will help banks and building societies identify and close ‘money mule’ accounts which are used to house fraudulently-obtained funds. Money mules are individuals who have agreed to let their bank accounts be used by criminals in exchange for cash. According to new insights from Experian, 42% of first-party…
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Aryza has announced a new partnership with EBP Money, Australia’s newest digital lender. EBP Money is part of the FSA Group, the company offers tailored rates across all risk grades within their unsecured personal loan book. Commenting on the partnership, Ariel Timothy, Aryza CSO said “We were excited to work with EBP Money to deliver…
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Direct-to-consumer (D2C) payments technology and advertising platform Zilch has announced the official rollout of its Ad-Subsidised-Payments-Network (ASPN) to third parties through open APIs. Zilch initially created ASPN to power its own ad-subsidised Buy Now Pay Later (BNPL) product offering, attracting over 3 million registered customers in just 24 months and seeing more than 5,000 retailers…
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Maven Equity Finance part of the Northern Powerhouse Investment Fund (NPIF), has led a six-figure investment in AperidData. The announcement of the transaction will enable the business to embark on a programme of growth, expand its portfolio of customers, enter new markets and create up to 10 new jobs in the region. AperiData is an…
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Experian has announced a partnership with IDVerse which support its customer’s digital onboarding and expand its digital footprint across the globe. Experian says that by working with IDVerse, it will allow its entire customer base to carry out identity verification checks as part of the customer journey. It also enables Experian to widen its partner ecosystem,…
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ApreiData has announced that it has appointed Ed Adshead-Grant as a Non-Executive Director. Adshead-Grant has over 25 years’ experience in the payments and technology sector, scaling businesses and expanding SaaS products at leading IT software and service companies in over 30 countries. He has held a number of global strategy, product, business development and client…
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The Cambridge Building Society has announced that it has appointed Carly Nutkins as its new Head of Lending. Nutkins started her career as a cashier at Barclays in 2008 before achieving promotion to its personal finance team. She has over 15 years banking experience and joins us from Allica Bank where she worked as its…
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Jaja Finance, the digital lender, has signed a partnership deal with Bud Financial, the Open Banking and data intelligence sepcialist, to become its Open Banking partner. As part of the deal Bud will support Jaja with its affordability assessments within the credit card application process. The partnership will open up greater access to credit and…
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Global information and insights company TransUnion is working with personal credit platform Monevo and incuto to offer UK consumers improved access to credit and a broader range of affordable credit products. The joint initiative helps credit unions and community development finance institutions to offer their products to a wider audience via comparison websites, increasing competitiveness in the…
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Founder and Chief Executive Officer (CEO) at Starling Bank, Anne Boden has announced she will step down from the role on 30th June and will move to a Non-Executive Director role on the board. John Mountain, Starling’s COO, will take over as Interim CEO to lead the digital bank. The change comes as Starling reports…
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