Credit, Collections & Insolvency News
The Online Collections Technology Think Tank 2.1 has confirmed its agenda and speaker line-up ahead of the event next Thursday (16th September). The third Collections Technology Think Tank has been created as an online event platform so that collections professionals can specifically discuss the role of the technology as we potentially emerge from the pandemic,…
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New research by ECOMMPAY has found that only 14% of consumers ‘completely understand’ Open Banking, with even fewer businesses grasping how it could help them grow their business. Introduced in 2018, Open Banking makes it easier for consumers to view their finances, take out loans or pay for things online, while businesses also benefit from…
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The finalists for the fifth annual Credit & Collections Technology Awards, the UK’s celebration of tech innovators in credit and collections, have been revealed. The Credit & Collections Technology Awards, organised by Credit Connect Media will host the Awards ceremony as a face to face event at the Midland Hotel, Manchester on Thursday 4th November. This year’s…
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More than two-thirds (67%) of consumers in the UK said they would find it easier to view all of their financial information in one place highlighting the demand for open finance, according to a new survey by data aggregation and analytics platform Envestnet Yodlee. The 2,000-person survey explored the attitudes of consumers in the UK…
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Specialist car, van, and motorbike finance company, Moneybarn, has announced that it has selected challenger credit reference agency, Credit Kudos, as its Open Banking partner. Moneybarn will also be using Credit Kudos’s newest product, Assembly, an Open Banking decision engine that enables lenders to automate credit policies and implement real-time decisioning without the need for…
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Challenger credit card fintech, Keebo has announced it has closed £5 million in a seed equity funding round. Further to the investment, the fintech startup has been awarded three technology grants from the UK Government, totalling £425,000. AKeebo is also supported by, and launching with, Mastercard. Keebo is the only credit card and app company…
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Nationwide has announced a partnership with OpenWrks, a UK based provider of open banking applications, to help its customers facing financial difficulty. OpenWrks, using Open Banking technology, helps people in financial difficulty quickly pull together information from different accounts and sources to easily built an accurate digital income and expenditure statement. Their solution uses conversational…
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Challenger credit reference agency Credit Kudos, has launched a new Open Banking decision engine which its says will enable credit providers to automate credit policies, grow their loan books, and implement real-time decisioning with no or minimal technical integration. Lenders Admiral Financial Services and 247 Money have already adopted the new technology. Credit Kudos’ Assembly…
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The Credit & Collections Technology Awards has confirmed the judging panel for the 2021 event. Launched in 2017, the fifth annual awards seek to recognise excellence in credit and collections technology. The judging panel includes industry association leaders whose expertise includes specialisms from a diversity of different backgrounds, this ranges from consumer and business commercial…
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In the last 12 months, the pandemic has altered digital and financial lives, causing significant financial distress and uncertainty around employment and yet for others, financial reserves have improved. Either way, over the past year consumers, have been re-evaluating their relationships with money and technology according to Lloyds Bank Consumer Digital Index research. Given the…
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PrinSIX has announced that it has entered into a partnership with AccountScore. The partnership will allow lenders and other Financial Services businesses to deploy Open Banking within intelligent, personalised onboarding journeys AccountScore’s Open Banking solution offers insights into customers’ circumstances. PrinSIX creates smart Open Banking journeys, optimising conversational outcomes while delivering the customer experience. Julian…
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Target Group, the FCA-regulated business processing and software provider, has announced that the fintech mortgage lender, Perenna, has become the first client of its Mortgage Hub. The partnership, which is set to launch later this year, will see the Mortgage Hub powering Perenna’s mortgage offering; allowing it to provide decisions-in-principle within 20 seconds. Perenna will…
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The number of people choosing to share their data through open banking has tripled since the start of the Covid-19 pandemic, according to the latest statistics from Experian. In February, Experian’s Open Data Platform saw more than 188 million data sharing requests (up from 47 million in February 2020) – 30% of the 669 million…
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