Credit, Collections & Insolvency News
Yorkshire Building Society has announced that Angela Darlington has joined its Board as Non-Executive Director. Darlington has over 30 years’ experience in financial services and an extensive executive career. She started her career with Bacon & Woodrow and then worked with William M Mercer on a wide variety of actuarial assignments across many countries. Darlington…
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Jaywing has appointed Dean Mitchell as Managing Director (MD) of Consulting Services. Mitchell will be responsible for the delivery of services of Jaywing’s risk consulting business which has recently seen a series of new client wins, alongside its longstanding relationships with existing clients, many of whom are among the UK’s leading financial services brands. Mitchell…
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Jaja Finance has announced that it has closed the strategic transaction announced in November 2021, resulting in a consortium led by KKR and TDR Capital LLP becoming the majority shareholders of Jaja. Jaja says that the initial investment of up to £120 million marks the beginning of a long-term strategic partnership with its majority shareholders…
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Digital bank Tandem announces the appointment of David Briggs as Managing Director of its Car Finance Division. Briggs joins Tandem in this newly created senior role to accelerate and amplify Tandem’s mission to build the UK’s fairer, greener digital bank and is the first senior appointment to Tandem’s Executive Committee following Tandem’s acquisition of leading…
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Provident Financial Group (PFG) has announced the appointment of Fiona Anderson as Managing Director of Cards, subject to regulatory approval. Anderson has a wealth of significant experience across credit cards and personal banking. From 2019 to 2021, she served as Head of Everyday Banking at HSBC and prior to that she held senior positions at…
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Intelligent decisioning technology provider LendingMetrics has announced a number fo new appointments to ensure high delivery standards as its customer base expands. Ben Smith has joined the company as Account Manager; Kelvin Lee as Support Engineer; Ross Tully as Business Development Manager; and Paulo Bordeira De Brito as Developer. Alongside these changes, Craig Jenkins has…
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Digital identity (ID) verification and fraud prevention, specialist Mitek has announced the acquisition of KYC (know your customer) technology specialist, HooYu. The United Nations (UN) estimates that up to three percent of the world’s GDP – or nearly two trillion dollars – is money laundered annually. The increased regulatory eye, together with the rise in…
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UK digital bank Chetwood Financial (Chetwood) has announced the acquisition of core banking provider Yobota to extend Chetwood’s Banking-as-a-Service (BaaS) capabilities. Founded alongside the bank in 2016 and developed as a separate entity, Yobota is a London-based technology company that has built a fast, flexible, cloud-native core banking platform. The platform allows companies to create and run innovative…
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The Government stake in NatWest has been reduced to 48.1% as an important landmark reached in returning the bank to private ownership. For the first time since the financial crisis, NatWest Group plc (formerly Royal Bank of Scotland Group plc) is no longer under majority public ownership following a £1.2 billion sale of part of…
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Subprime lender, Morses Club, says its Home Collected Credit (HCC) division traded well in the 52-weeks to 26 February 2022, despite an increase in complaints submitted by claims management companies. In its latest trading update, the business said its pre-tax profits will be up to 30% lower than expected. The company stated that its Home…
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Morses Club an established provider of non-standard financial services has announced that pre-tax profits will be up to 30% lower than expected. The company says that its cost base of the Home Consumer Credit (HCC) division has been impacted in recent days by a rapid increase in claim volumes submitted via claims management companies. As…
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Foundation Home Loans, the intermediary-only specialist lender, has announced the appointment of two Managing Directors within the business with George Gee becoming Managing Director (Commercial) and Kelly Pallister as Managing Director (Operations). Gee has been with Foundation for six years in a variety of roles, most recently as Commercial Director. He had previously been with…
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UK financial services companies, Hitachi Capital (UK) is to become Mitsubishi HC Capital UK, trading in the market as Novuna in the UK and as Mitsubishi HC Capital group in Europe. The company, which employs over 1,600 and manages more than £6.3bn of net earning assets for over 1.3 million customers, is now part of…
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