Credit, Collections & Insolvency News
Data-powered integrated agency, Jaywing, has appointed Dean Mitchell as its Regulatory Risk Practice Director. Mitchell was formerly Risk Director at GE Capital’s joint ventures and Chief Risk Officer at a GE owned Dutch Bank, Dean has over 20 years of experience in risk management for banks across Canada, the Netherlands and the UK, managing clients…
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Latest research figures from FICO have shown a 12 percent increase in credit card spending and more customers exceeding their card limit in April 2021, which shows the impact of the opening up of hospitality and retail. Missed payment numbers were still below historical trends, probably due to increased savings and government support, which continues…
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Credit reference specialist, Equifax has announced that it has updated its flagship credit risk product, Risk Navigator 5, with the aim of creating a new standard in powering better decision-making to improve consumer credit outcomes. Developed using the company’s largest ever data set, Risk Navigator 5, has shown potential to deliver a 6% average improvement…
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Nearly a quarter (24%) of employees admit they made a bad decision about debt during the pandemic, according to a new study from Aviva which has examined experiences of personal, workplace and financial wellbeing since early 2020. The figure rise to more than half (51%) of those aged 18-to-24, dubbed ‘Gen-Z’. Amid the turmoil of…
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Regional accountancy, Azets has announced that it will create 650 new roles over the next 12 months. The roles cover all levels from Assistant right through to Partner across a number of service lines including; Audit and Assurance, Accounting and Advisory Business Services, Corporate Finance, Tax, and Restructuring across its UK 80 offices. Anna Murphy,…
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Aspect Software and Noble Systems have merged to create a new company identity. The merger will create a new company brand, Alvaria, that will aim to deliver optimised customer experience and workforce engagement software and cloud services technology solutions. The newly combined company will be led by Patrick Dennis, Aspect President and CEO. Dennis said…
Read moreA Director of a broker company has been banned for taking money despite owing creditors £140,000. The broker who traded while insolvent and failed to pay creditors £140,000 has been disqualified for 7 years. Kathleen Shepherd, from Southampton, was the sole Director of Shepherd Site Services Limited, a company that acted as a broker to…
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A survey of 1,500 small business owners by Hitachi Capital found the extra money firms need to spend on Covid infection-control measures will drag out the financial hit of the pandemic. Office risk assessments, signs, sanitising products, professional cleaning and air filtering systems are forecast to cost small business about £4,850 each on average this…
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Business lender, West One Loans has announced the appointment of Nick Jones as Sales Director In his new role, Jones will be responsible for developing and driving the implementation of the sales and distribution strategy for West One’s bridging and development proposition, and he will lead and grow the existing sales team. With over 21…
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Credit reference agency TransUnion has announced that it has launched its enhanced data breach support service for businesses in the UK. The data breach support service will enable an organisation’s customers to access their credit information and also offers specific features to help safeguard their identity. The tools will help businesses protect consumers whose information…
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The Payment Systems Regulator (PSR), the specialist economic regulator of UK payment systems, has published its proposed five-year strategy. The strategy sets out an approach that aims to make sure payments and payment systems work well for everybody and that there is fair competition and access to payments for all. The PSR’s approach will protect and embrace what’s working well, change what…
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Urgent changes to Universal Credit are needed to stop those most impacted by the pandemic from being left behind as the economy recovers, according to a new report from Citizens Advice. The charity warns that inappropriate or stressful job-seeking requirements, a lack of support with upfront childcare costs and rigid benefit rules for disabled people…
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Paradigm Mortgage Services has announced the appointment of Richard Howes as its new Director of Mortgages. Howes who will take up the new role from mid-July replaces Head of Paradigm Mortgage Services, John Coffield, who last week announced he will be stepping down from his position and retiring at the end of August. Howes joins…
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