Credit, Collections & Insolvency News
Global banking, payments and shopping service, Klarna has announced the launch of Klarna Card in the UK, which it says will give consumers with greater control, transparency and choice over how they pay. The new physical card will bring Klarna’s flexible and transparent payments experience to in-store payments anywhere where cards are accepted. The launch…
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Open banking platform, Tink has announced the launch of ‘Income Check’ in the UK – a service that streamlines income verification using open banking technology. Tink’s Income Check product allows banks and lenders to instantly verify a person’s income using secure and real-time data directly from their bank account. Using face recognition or with a…
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Virgin Money has announced the appointment of Susan Poot as Group Chief Risk Officer. Poot joins Virgin Money from ING Bank, where she spent over 20 years in a number of commercial and risk roles, the most recent of which was Chief Risk Officer, Retail Banking. In her role she was responsible for setting the…
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Andy Smithson has been appointed to the new role of Head of Internal Control, Compliance and Legal at Startline Motor Finance. He will be responsible for ensuring a robust and effective control environment with strong ongoing legal, regulatory and operational compliance, as well as managing the interlock with the company’s legal panel and leading the…
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Intelligent decisioning technology provider LendingMetrics has announced a number of new appointments and several promotions within its fast-growing workforce. Donna Airey has been appointed as the company’s Head of Finance, bringing a wealth of experience in finance management to the department. Chelsea Clark is the company’s new Talent Acquisition Specialist and will be leading the…
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AutoProtect Group has announced that Mike Edwards has joined the business as Chief Sales and Marketing Officer. Edwards joins with extensive automotive experience from his role at Pendragon where he was Head of Finance & Insurance, and his previous 14-year tenure at Mercedes Benz Retail Group, most latterly as Group Finance & Insurance Manager. Edwards…
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Tandem Bank has announced it is acquiring consumer lender, Oplo with the merger aiming to create a fairer, greener digital bank for UK consumers. The newly combined business will create a leading digital bank with £1.2 billion of total assets supported by £1 billion of funding with more than 171,000 customers. Tandem’s CEO Susie Aliker…
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Equity release specialist Key has revealed it is working with speech analytics platform Aveni.ai as it seeks to build on its customer service with artificial intelligence. The strategic partnership embeds Aveni.ai at the heart of Key’s customer interactions – monitoring conversations with artificial intelligence (AI) to improve the later life lending specialist’s ability to identify…
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Coventry Building Society has launched a new online affordability tool to help mortgage customers facing financial difficulties. The tool, delivered by fintech Paylink Solutions, allows customers to self-serve and provide their affordability using SFS guidelines. They can also be seamlessly referred for free debt advice to Paylink Solutions’ sister company, PayPlan, to support them with…
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LiveMore Capital, the specialist lender simplifying later-life mortgages, has hired Andrew McGill as Sales Operations Manager. McGill brings over 20 years of experience within financial services, with previous roles spanning mortgage advisory and senior customer service positions at Barclays, Alliance & Leicester and Principality Building Society. He will be instrumental in developing the customer journey…
Read moreOpen Banking technology specialist, Ecospend has announced that it is partnering with European Banking-as-a-Service (BaaS) provider, Contis. Contis offers a range of BaaS products to its customers across a variety of sectors, including cloud-based, real-time accounts and payments solutions. By integrating Ecospend’s ‘pay-by-bank’ technology, Contis’ customers will have the option to make account-to-account payments, as…
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Anti-money laundering specialist, SmartSearch has announced the appointment of Guy Harrison as Chief Executive Officer (CEO). Harrison will drive SmartSearch’s strategic plan to build additional growth and will report to the company’s board of directors. Harrison is a seasoned business leader with a proven track record of scaling fast-growth data, analytics and technology businesses. He…
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Payments specialist Ecospend has announced that it has initiated £2.4 billion worth of open banking transactions through its ‘pay by bank’ services across its client portfolio. Ecospend’s open banking technology allows customers to bypass manual data input when carrying out online payments. As a result, customers can make instant payments directly from their bank account,…
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