Credit, Collections & Insolvency News
Two energy companies, PfP and Moneyplus who had nearly 94,000 customers between them, have cease trading as energy prices have reached record highs. PfP has left 80,000 domestic customers, and 5,000 non-domestic customers without an energy supplier, and MoneyPlus has left about 9,000 domestic customers. Industry regulator, Ofgem, will choose a new supplier for all…
Read more
Banking and specialised financing software specialist, Sopra Banking Software has announced that its Sopra Financing Platform (SFP) pricing engine, Freehand is now available as Software-as-a-Service REST API. Currently, live with a major Asset Finance lender, the SFP Freehand Connect API provides access to the same rapid and accurate pricing calculations trusted by the industry right…
Read more
Experian has partnered with Open Banking Reporting (OBR), a data-driven risk management fintech, to enable UK lenders to provide crucial business support as they look to bounce back from the impact of COVID-19. OBR’s solution OpenRep uses advanced analytics and robotic automation, connecting the SME’s accounting software and banking transactions with commercial credit and macro-economic…
Read more
The Insolvency Service has announced that temporary measures brought in to support businesses from insolvency during the pandemic will be phased out from 1st October. Companies in financial distress as a result of the pandemic have been protected from creditor action since June last year, through the Corporate Insolvency and Governance Act 2020. This was…
Read more
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,…
Read more
Business advisory firm Quantuma has announced it is growing its international footprint further as it opens an office in Dubai. Led by Managing dDrector Yaser Dajani, the office is the firm’s fourth international location – including Cyprus, the Cayman Islands and Mauritius – and 23rd office site globally, with 18 established across the UK since…
Read more
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…
Read more
Phoebus Software (PSL) has announced that it has selected Webio as its partner to supply multi-channel customer social media communication for PSL’s clients. This partnership is the latest addition to the Phoebus Ecosystem Programme that pulls together best of breed suppliers across a range of non-core Phoebus services. Webio is an award-winning provider of customer…
Read more
More than £32 million of fraud has been prevented by the finance industry and the police through the Banking Protocol scheme in the first half of 2021, new UK Finance figures have revealed. The figures are up 65% compared to the same period last year and brings the total amount of fraud prevented to £174 million since…
Read more
Forty-two percent of financial professionals believe having analytical skills will be a key requirement to fulfil their roles in the future, according to findings from the latest FinTech Barometer survey of finance professionals, carried out by Visma | Onguard. The research showed that programming skills (37%) and leadership qualities (34%) were also highlighted, reflecting the…
Read more
Paragon Development Finance has announced the appointment of Neal Moy as Deputy Managing Director. Moy joins Paragon in October and will support Paragon Development Finance Managing Director Robert Orr in the newly created role. Orr is highly experienced in the development finance market. He was the founder and Managing Director of the RateSetter Development Finance…
Read more
Conister Finance & Leasing has announced the appointment of Mark Hayman as its new Executive Director. Hayman’s appointment follows that of Marcus Gregory, his co-founding partner of Bluestar, who was appointed as an Executive Director in May to lead Conister’s broker division. Alongside his appointment as Executive Director, Hayman will continue in his role as…
Read moreOptimum Finance has appointed Ewan Clarke as its Regional Director for the Midlands. Clarke joins the company with a background in both insolvency and corporate finance. This Experience will be invaluable to businesses seeking additional finance for sustained growth, business recovery and turnaround. Chief Commercial Officer Lynn-Marie Jameson said “Our current Midlands based clients form supply chains…
Read more