Credit, Collections & Insolvency News
Since acquiring Omni Capital in 2017, Castle Trust Bank has been able to offer accessible finance solutions to retailers, and over the past four years, LendingMetrics’ award-winning Auto Decision Platform (ADP) has powered their decisioning process. ADP allows credit risk professionals to run complex decisioning logic on credit data from multiple sources, in real-time with…
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Lender, Creditspring has reported a spike in demand over the last 12 months with 260,000 members seeking credit as the cost of living crisis extends into 2023. The lender says its membership base has spiked over the last 12 months – increasing from 100,000 at the start of 2022 to over a quarter of a million…
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Freedom Finance has announced that it has appointed Richard Parfitt as Head of Data Science. Parfitt will lead Freedom Finance’s data products initiative, building and managing a multi-disciplinary team to develop new services for customers and enhance data-driven capabilities driving further automation and intelligence. Parfitt joins Freedom Finance after 8 years at 118 118 Money…
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The Open Banking Implementation Entity (OBIE) has announced that Marion King has been appointed as its new Chair and Trustee and will commence her Trustee mandate on 1st February 2023. King’s appointment follows a robust recruitment process led by the Competition and Markets Authority (CMA). She will succeed Charlotte Crosswell, the current Chair and Trustee,…
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Tamsyn Weston has been appointed as the new head of IT and digital at Startline Motor Finance. Weston’s responsibilities encompass end to end customer and introducer applications, networks, infrastructure and security. She will also be pivotal in delivering a new digital strategy as part of the company’s broader business and marketing plans. In a 30-year…
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Global information and insights company TransUnion has announced a partnership with Mortgage Magic by launching credit report integration to make it even easier for brokers to recommend the most appropriate product for their clients. The new feature, which is powered by TransUnion’s Consumer Platform, enables clients of brokers using the Mortgage Magic platform to obtain their…
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Specialist lender Together has tannounced the appointment of financial services expert Martin Souter as its Commercial Credit and Risk Director. Souter will be responsible for overseeing credit risk, leading the corporate underwriting, portfolio and risk management teams. He will be ensuring that Together’s Commercial team continues to operate smoothly and achieve the best outcomes for…
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Experian has announced it has launched CreditLock, a new feature that will enable customers to lock their Experian Credit Report at the touch of a button. CreditLock allows CreditExpert and Identity Plus customers to ‘lock’ or ‘unlock’ their Experian Credit Report using a toggle switch in the app or online. Certain high-risk credit applications (such…
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The Nottingham Building Society has announced that it has appointed Anthony Murphy as its new Chief Financial Officer (CFO), subject to regulatory approval. Murphy is set to join the Society in March 2023 to lead the Finance team and continue the Society’s strong financial performance and drive strategic growth. Murphy joins the Society from digital…
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Specialist intermediary-only lender, Foundation Home Loans, has announced the appointment of Sarah Hartwell as a Regional Account Manager. Hartwell starts with immediate effect and will be responsible for the South region, working with advisory firms and practices based there offering Foundation’s specialist residential and buy-to-let product solutions. Hartwell has close to 20 years experience working…
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New entrant bank, Ashman has announced that it has appointed Ben Hynes as Chief Information Officer (CIO) and Mark Holloway as Chief Technology Officer (CTO), expanding its senior team. In his new role as CIO, Hynes will lead the management of the bank’s IT Infrastructure, systems and operations, and will drive Ashman’s ambitious IT and…
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Custom Credit has announced that it has agreed a partnership use LendingMetrics’ Auto Decision Platform (ADP) to speed up decisioning. The Sussex-based lender, which specialises in tailoring their loan to their borrower’s needs to ensure optimal outcome to provide customers with that information on a monthly basis to give them a new level of insight…
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LHV UK, a banking service provider to 200 fintech companies has appointed risk and data science consultancy, Jaywing to help create its cloud-based data infrastructure. LHV will leverage Jaywings’s experience in regulation and data management best practices, Jaywing will establish a data infrastructure and reporting suite in line with UK regulatory standards and optimise…
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