Credit, Collections & Insolvency News
Consumer lender Evlo has announced a new partnership with community finance provider Moneyline to help underserved non-prime borrowers. Asif Nadeem, Chief Transformation Officer at Evlo said “We know that not everyone who applies for credit with us will be eligible, but we believe in doing right by every customer. “This partnership means that even when…
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Tandem Bank has announced that it has appointed David Shrimpton-Davis as its new Managing Director for its Motor Finance division. Shrimpton-Davis brings with him deep rooted experience in leading and growing a motor finance business, having formerly led Moneybar, the motor finance arm of Vanquis Banking Group. Shrimpton-Davis also brings a wealth of operational and…
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Chetwood Bank has announced Mark Foulsham will join its Board as Non-Executive Director. Foulsham brings more than 30 years of experience in information technology (IT), operations and third-party procurement to the role. Foulsham originally qualified as a civil engineer and retained a practical, analytical mindset while subsequently progressing into senior executive roles, overseeing digital and…
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Flexible payments provider, Klarna has announced that it has been authorised by the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI). The authorisation was granted to Klarna Financial Services UK Limited (KFSUK), Klarna’s dedicated UK entity, and builds on the company’s existing UK regulatory permissions. Abby Vickers, Head of Klarna Financial Services UK…
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Chetwood Bank has announced the appointment of Rob Pomphrett as Non-Executive Director (NED). Pomphrett brings over 30 years of extensive experience in the banking and financial markets sector, where he specialised in trading risk and leading global teams across credit, interest rates and government bonds, and structured products During a long and successful career, Rob…
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Momenta Finance has announced the appointment of Tim Boag as Chief Executive Officer, effective 1st September 2025. Boag brings with him more than 35 years’ experience in financial services. His career spans major UK banking institutions and specialist lenders, equipping him with a unique perspective to lead Momenta Finance into its next phase. Most recently,…
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Consumer lender Fluro has announced that it has appointed two new Non-Executive Directors to its board. David Kenmir joins the board as Chair. Having spent more than a decade at the Financial Services Authority – the precursor to the FCA – including five years as a member of its board, Executive Committee and Regulatory Policy…
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Community lender Salad has announced that it has appointed Craig Pennington as Chief Strategy Officer. Pennington joins Salad from Fair4All Finance where he was responsible for managing investments and partnering with mainstream finance with the aim of attracting investment capital to community finance providers. Salad is a community development finance institution (CDFI) which serves full-time workers…
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Insurance finance specialist, Premium Credit, has announced that it has appointed Alan Scott as Director of Partner Relationships. Scott will lead the Broker Account Management teams across the commercial insurance market in the UK, reporting into Owen Thomas, Chief Sales Officer. He joins Premium Credit having held senior positions at AXA UK and RSA. Owen…
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Santander UK has announced that it will acquire TSB from Banco Sabadell in a £2.9 billion deal. The all-cash takeover values TSB at five times its projected 2026 net income. The acquisition will add five million customers, £34 billion in mortgages, and £35 billion in deposits to Santander’s portfolio, resulting in a combined customer base of…
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Barclays UK has announced that it has appointed Roland McCormack as its Head of Mortgage Intermediaries. The newly created role is a senior leadership position that reflects the bank’s broker-first approach and its continued commitment to the intermediary market. As Head of Mortgage Intermediaries, McCormack will be responsible for leading Barclays’ intermediary channel strategy, delivering…
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Tandem Bank has announced that it has appointed Neil Chandler as its new Chief Executive Officer (CEO), subject to regulatory approvals. Chandler brings a wealth of leadership, banking and tech experience to Tandem, spending more than 30 years in senior banking, eCommerce, retailer finance and technology roles. He most recently served as CEO of digital…
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Social lender Fair for You has announced the appointment of Kumaran Adithyan as a Non-Executive Board Director. Adithyan is currently General Manager, Global Electronics and Home at online marketplace and commerce platform eBay. He has been at eBay since 2017, and previously worked at Walgreens Boots Alliance, the owner of health and beauty retailer Boots.…
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