Credit, Collections & Insolvency News
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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Beverley Building Society has announced that it has appointed Christopher White as Chief Financial Officer. White takes up the position following the promotion of Janet Bedford, who previously held the position, to the role of Chief Executive. White, a Fellow of the Institute of Chartered Accountants in England and Wales, has significant experience in financial services…
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Yorkshire Building Society has announced that Susan Allen OBE has been appointed as Chief Executive Officer (CEO). Allen has more than 25 years of experience in financial services having held senior executive positions at a number of large retail banks in the UK. She is currently Head of Customer Transformation at Barclays where she is…
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Darlington Building Society has announced that it has selected to use LexisNexis Risk Solutions financial crime prevention and compliance screening solution to assist with onboarding customers. The RiskNarrativeTM platform enables businesses to detect fraud and identify risk using a single API and integrates into over 50+ third party data sources to enrich risk decisioning. RiskNarrative…
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Jaja Finance has announced that it has agreed a new £250 million warehouse lending facility that will enable the digital credit card provider to continue to accelerate its growth. The announcement follows Jaja’s recent funding announcement of £120 million from private equity investors, and majority shareholders, KKR and TDR, made earlier this year. The…
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More than 80 per cent of regulated firms in the legal, property and finance and banking sectors are considering a switch to electronic verification of their customers new research from SmartSearch has found. The ‘big switch’ to technology comes as firms feel the growing weight of compliance around anti-money laundering (AML) and sanctions regulations –…
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Ppoint-of-sale payment solutions specialist Duoloi has announced a partnership with LendingMetrics’ to use its ADP platform. Duologi says it had previously outsourced the build of an engine to an external IT company, which meant it was hard-coded and the company had limited control over changes and wanted to bring decisioning in-house and were looking to…
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