Credit, Collections & Insolvency News
Credit Connect has announced the shortlist of companies and partnerships for this year’s first-ever annual Credit & Collections Industry Awards. The shortlist for the inaugural awards consists of 64 entrants with over 50 companies in the running to win the first-ever awards. Credit Connect’s panel of judges has now compiled the shortlist for the fourteen…
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With the rise of artificial intelligence (AI) and machine learning, the way consumer loans have been offered and priced has been quietly revolutionised, opening up opportunities for more consumer-centric, personalised products. As a data scientist and advanced analytics consultant to the banking industry, I’m fascinated by modern AI tools and their ability to give pricing committees a much deeper view of their…
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In the world of motor finance, the spotlight on Discretionary Commission Arrangements (DCAs) has intensified, not least due to the influential coverage of consumer champion Martin Lewis. This heightened attention, coupled with the ongoing investigation by the Financial Conduct Authority (FCA), places motor finance businesses at a critical juncture. Navigating this landscape requires a proactive…
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Nearly a quarter of adults (23%) said they have used BNPL in the past year, mirroring pre-festive season observations according to research by TransUnion. The survey data points towards a robust and maturing sector, with more than one in five (21%) planning to apply for new BNPL services in the coming year. Yet despite many…
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Midlands-based accounting and advisory firm PKF Smith Cooper (PKFSC) has acquired West Midlands insolvency boutique BLB Advisory. BLB’s Director and owner Brett Barton and seven team members will join PKF Smith Cooper as part of the acquisition. The acquisition will see the PKF Smith Cooper team gain a further 80 years of experience and expertise…
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Credit Connect’s hosted its sixth Online Lending Technology Think Tank last week which saw lending strategies and the future of the sector discussed by eight leading professionals from a variety of lending sectors. The event was attended by over a hundred lending professionals from banks, credit card providers building societies, loan providers, credit unions and…
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Credit Connect hosted its Online Collections Technology Think Tank last week which saw collections strategies and the impact of cost of living economic stresses discussed by eight collections professionals from a variety of industry sectors. In the eighth edition of the Collections Technology Think Tank series, hosted by Credit Connect Media, industry professionals gathered to…
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Credit Connect Media has announced that it will launch a new event called the Credit & Collections Industry Awards. The inaugural industry Awards will seek to recognise excellence within credit and collections by highlighting achievements through its new tangible and transparent awards judging scheme. The awards will recognise key industry innovations and initiatives in credit,…
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The 2024 Credit & Collections Technology Awards have opened for entries. Launched in 2017, the eighth annual awards seek to recognise excellence in credit and collections technology. The Credit & Collection Technology Awards powered by Credit Connect are judged by independently selected judges from across the industry, who have the enviable task of identifying the best and greatest innovations in…
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Credit Connect has published its annual Credit & Collections Technology Awards review. The awards review highlights the unique transparency of the Credit & Collections Technology Awards with graphics on the winning companies accompanied by judges comments. The award’s rigorous and transparent process enables each company that enters the awards an opportunity to receive a bespoke…
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Ofgem has announced that energy debt has reached £2.9 billion and may look to recover this by raising the price cap and increasing energy bills. The energy regulator says that the scale of energy debt means that they must take action to protect market and ensure customers are protected from uncontrolled rises This follows an…
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Credit Connect has announced its annual Credit & Collections Technology company power list for 2023. The fifth edition of the power list is a round-up of the most prominent innovating companies within credit and collections technology. Each year Credit Connect identifies the top 20 ‘Premier’ innovator companies highlighting the achievements and successes of the top-performing…
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Credit Connect hosted its third in-person Credit & Collections Technology Think Tank in mid-November in Manchester which saw credit and collections strategies and the impact of the cost of living discussed by sixteen professionals from a variety of industry sectors at the Midland Hotel in Manchester. The themes of cost of living impacting customer engagement,…
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