Credit, Collections & Insolvency News
New research by the Officer for National Statistics (ONS) has found that one in four people whose cost of living has increased are using their savings to counter rising energy and fuel prices. The research also shows that two in three people surveyed said their cost of living has increased in the last month. Fuel…
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Debt solutions specialist Back2Credit has announced the launch of their consumer debt advice platform, designed to provide individuals with quick access to the financial recovery and restructuring options available to them. Dedicated to transparency and helping consumers better understand and manage their options, the Birmingham-based firm is an FCA authorised debt solution provider with over…
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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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UK Finance has warned that retailers with an online presence need to ensure they fully support Strong Customer Authentication (SCA) by 14th March 2022 or risk customer purchases being declined. SCA is a new set of rules from the Financial Conduct Authority (FCA) to help protect customers from fraud when they are shopping online. With…
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The Office of the Small Business Commissioner (OSBC) has welcomed the clarity provided by a report from the Federation of Small Businesses (FSB) on payment problems faced by small businesses.The OSBC says that the current economic situation is causing increasingly difficult challenges for small businesses. Many are having to choose between paying their bills, in order…
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IE Hub has been appointed as a supplier of Crown Commercial Service’s (CCS) Debt Resolution Services (DRS) framework. Designed to bring together a range of debt collection and data services into a single commercial agreement, DRS framework has been built to provide a more consistent and integrated approach to debt resolution. It aims to improve…
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Just, the enforcement market integrator, has been named as a supplier on Crown Commercial Service’s (CCS) Debt Resolution Services (DRS) framework to provide Enforcement Services and Managed Enforcement Services. The framework can be used by central and local government departments to contract services for the enforcement of public sector debt. CCS supports the public sector…
Read morePayments 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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Consumers using Buy Now, Pay Later (BNPL) are much more likely to be struggling according to latest research by debt charity StepChange. In response to the HM Treasury’s consultation on how to regulate BNPL StepChange is pointing to clear evidence that BNPL products are being widely used by people experiencing financial difficulty. For example, consumers…
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Global CEO advisory firm, Teneo has announced the acquisition of KPMG’s Cayman and British Virgin Islands (BVI) restructuring business. KPMG’s Cayman and BVI restructuring business, comprising over 25 professionals, will add specialist expertise in local and international restructuring, insolvency, e-Discovery and forensic technology services to Teneo’s global Financial Advisory offering. The team joining Teneo represents…
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New research by Interactive Investor has found that Bank of Mum and Dad are financing more than home deposits. The research found that helping with university costs (58%), allowing adult children to stay at home, rent-free (50%) and buying a car or helping with car-related costs (46%) were all more common ways of financially supporting…
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Which? is calling for stronger safeguards to stop online shoppers from choosing Buy Now Pay Later (BNPL) to pay for products without knowing the risks, as new research from the consumer champion reveals many people do not think that they are taking on debt when using this payment method. Buy Now Pay Later has soared…
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Specialist Invoice Finance provider, Optimum Finance has bolstered its team with three new appointments across the Marketing and Finance departments. Jo Maniatt joins as Marketing Director, Szym Wasilewski as Finance Manager and Liam O’Shea as Financial Accountant. Maniatt, previously International Marketing Manager for global brand Bisley Office Furniture, brings with her a wealth of strategic…
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