Credit, Collections & Insolvency News
Digital bank Chetwood Financial has announced a new partnership with parenting forum Mumsnet, with plans to launch a new family-focused financial services proposition next year. Since acquiring a full banking licence back in 2018, Chetwood has focused on creating disruptive financial products for underserved segments of the market. The recent acquisition of core banking provider…
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Sub-prime lender Morses Club has announced that Non-Executive Director Sir Nigel Knowles has relinquished the chairmanship to concentrate on his role as CEO at law firm DWF Group. Knowles joined the Morses Club board in May 2016 as senior independent director before becoming chair in March 2022. He will leave the role with immediate effect.…
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LendingMetrics, the company behind the intelligent decisioning platform ADP has announced that it has been appointed by Scottish Building Society to deliver its credit decisioning solution. The society is set to use LendingMetrics’ next-generation Auto Decision Platform (ADP) underwriting solution to support its intermediary business over the coming years. The multi-award-winning platform is a universally-integrated…
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Sub-prime lender Morses Club has warned that it will enter insolvency unless it agrees on a Scheme of Arrangement. The company has said it has suspended processing claims made against its ‘unaffordable’ loans while it pursues the potential use of a such a Scheme. In a company statement, Morses Club said it is racking up…
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Tandem has announced a Chief Executive Officer (CEO) succession plan for the business that will take effect over the coming months. Having led the business through a period of significant transformation over the past 18 months, Susie Aliker has informed the board of her intention to step down in the coming months. The board has…
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Equifax has announced the appointment of David Wilson, as Chief Commercial Officer (COO) of Equifax UK. Wilson joins the Equifax team with a wealth of commercial leadership experience, spanning two decades in the sector, and a strong track record of success transforming global teams and businesses. Most recently, David has developed data and analytics…
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Experian has announced the launch of Experian Fraud Score, a next generation fraud prevention solution which will help businesses of all shapes and sizes to detect fraud at the point of application, transaction and throughout the customer lifecycle. The service is independent of any data consortium membership, allowing organisations to have access to an advanced fraud…
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Credit bureau Nova Credit has announced that it has partnered with HSBC to provide the bank with global access to its cross-border credit data product,. The partnership will allow HSBC to access the translated credit history of new-to-country consumers as part of their credit applications, upon their permission. The solution will enable the bank to…
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Monevo has announced the launch of credit card products on its UK platform, to help improve access to credit for UK consumers. The personal credit platform and API – which is co-owned by Quint Group and TransUnion – empowers credit providers to deliver highly personalised credit offers to consumers via comparison websites and other third…
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Only one-fifth of women studying at degree level are currently thinking about pursuing a career working in data, a new study from Experian has revealed. The research, which surveyed 1,204 UK consumers in education, found that most female students are put off because they don’t think they have the right set of skills, with nearly…
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Specialist lending and savings bank ALdemore has appointed Richard Jones to be the new Managing Director of its MotoNovo Finance business. Jones joins from Lloyds Banking Group where he’s been CEO of their Motor Finance and Leasing businesses since 2018, which encompasses the market leading Black Horse and Lex Autolease brands and online car finance.…
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Virgin Money has announced the appointment of Sarah Wilkinson as Chief Operating Officer. Wilkinson will join Virgin Money from Thomson Reuters, where she is the Chief Information Officer and Head of TR Labs, Thomson Reuters’ technology research and innovation centres worldwide. Prior to joining Thomson Reuters, Wilkinson was CEO of NHS Digital, responsible for systems…
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Risk and data science consultancy, Jaywing, has launched a new collaboration with leading global advisory firm, Oxford Economics. The partnership aims to enable organisations from all industries to benefit from both Oxford Economics’ global macroeconomic forecasts and Jaywing’s expertise in building and validating models. Oxford Economics’ worldwide client base comprises more than 2,000 entities…
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