Paymentology customer, Tweeq, among first fintechs in Saudi Arabia to receive license from Saudi Central Bank

Paymentology, the world’s first truly global issuer-processor, is today proud to announce its support of customer Tweeq, a leading Saudi Fintech, on being...

StepChange appoints Charlotte Chambers as Chief Technology & Information Officer

StepChange is delighted to announce the appointment of Charlotte Chambers to head up the charity’s vital ongoing technology investment and transformation...

Ecospend announces partnership with revenue collections and payment solutions provider Telsolutions

Ecospend, the UK’s leading Open Banking payment provider, today announces its partnership with Telsolutions, the specialist in multi-channel communication...

Paylink Solutions and Ecospend celebrate Open Banking award win

Paylink Solutions and Ecospend are celebrating a win after a successful time at the Credit & Collections Technology awards. Fintech Paylink Solutions and...

First bailiff regulatory body launches as research finds 1 in 4 people in England and Wales are very worried about getting into serious debt

The Enforcement Conduct Board (ECB) is the new independent oversight body for the enforcement industry (bailiffs) set up to ensure that all those who are...

First bailiff regulatory body launches as research finds 1 in 4 people in England and Wales are very worried about getting into serious debt

The Enforcement Conduct Board (ECB) is the new independent oversight body for the enforcement industry (bailiffs) set up to ensure that all those who are...

Future of Payments survey finds increasing consumer trust towards digital payment methods versus traditional debit and credit cards payments

A survey of more than 2,200 people across the United Kingdom and United States has found that Digital Wallet payments, such as Apple Pay, Google Pay or PayPal,...

RSM UK reports annual revenue rise of 13% to £425.4m

Leading audit, tax and consulting firm RSM UK announces a 13% (£49m) increase in UK annual revenues to £425.4m for its financial year ending 31 March 2022....

Yooz Wins Award for Accounts Payable/Invoicing Product of the Year

This month Document Manager, the UK’s only specialist magazine dedicated to document and content management technologies, released the winners of the 2022...

Solicitors warned about involvement in SLAPPs

Solicitors have been told to guard against getting involved in litigation aimed at silencing legitimate critics, known as strategic lawsuits against public...

New survey and report show court users calling for 2023 as the year to make freedom of choice a reality

A new survey of court users has found the vast majority are calling for greater freedom of choice over how their judgments are enforced – with 97% supporting...

Together Financial Services – Q1 2022/23 Results

Together Financial Services Limited (‘Together’ or ‘the Group’), one of the UK’s leading non-bank relationship lenders, is pleased to announce its...

Surging costs causing UK consumers to cut back on sustainable choices

Intrum’s annual European Consumer Payment Report (ECPR), which surveys 24,000 European consumers on payment behaviour and the economic outlook, shows that...

CIVEA calls for Enforcement Conduct Board to uphold standards and support vulnerable people

After two years of detailed work, the Civil Enforcement Association (CIVEA) has welcomed the launch of a ground-breaking oversight body for the civil...

Intrum UK agrees deal to acquire Capquest and Mars UK platforms from Arrow Global

Credit management services company Intrum has agreed a £36.5m deal to buy the Capquest and Mars UK servicing platforms from European fund manager Arrow...

Healthcare struggling with overdues

Accounts departments in the healthcare sector are spending twice as much time as their counterparts in the service sector chasing debts – proof that the...

Digital payments: Sella launches trial of the biometric credit card in Italy

Authorize payment transactions by simply placing your finger on your credit card, securely and quickly. Sella is launching a trial of a biometric recognition...

Lowell Third Quarter Results 2022

Lowell, a European leader in credit management services, today announces its results for the 3 months ended 30 September 2022. Commenting on today’s...

Bahamian FTX Liquidators Cite ‘Serious Fraud and Mismanagement’ in Court Filings – Comments from cryptocurrency fraud expert

“News that FTX’s liquidators have pointed to signs of serious fraud at the exchange is a major and potentially concerning development in the FTX...

Trovata Launches Free Version of its Enterprise-Grade Cash Management Platform for Businesses of All Sizes

San Diego – Trovata, a global leader in enterprise cash management, has made its platform available to businesses of all sizes with a new free version. With...

PayPoint and ClearBank win prestigious accolade

Digital payments experts PayPoint and ClearBank, the enabler of accounts, real-time clearing, and embedded banking for financial institutions, have been...

CIVEA calls for Enforcement Conduct Board to uphold standards and support vulnerable people

After two years of detailed work, the Civil Enforcement Association (CIVEA) has welcomed the launch of a ground-breaking oversight body for the civil...

Jump in bill anxiety: UK consumers expect to miss payments in the next 12 months

Surging inflation has created a wave of financial anxiety as households struggle to meet their commitments. Intrum’s annual European Consumer Payment Report...

Barratt Smith Brown Announce New Partnership with Inter Credit Group

Mark Smith, Ashley Barratt and Richard Brown, owners of global debt recovery and credit management service providers, Barratt Smith Brown excited to announce a...

QUALCO boosts collections platform with Webio conversational AI messaging

Dublin, Ireland – QUALCO, an international fintech solutions provider, has partnered with customer engagement specialists, Webio to add conversational AI...

HMRC winding-up petitions help drive uptick in compulsory liquidations

According to the latest monthly company insolvency data from Gov UK, the number of registered company insolvencies in October 2022 was 1,948 representing a 38%...

Hargreaves Lansdown appoints Maike Currie as Head of Marketing Campaigns & Content

HL has appointed Maike Currie as its new head of Marketing Campaigns & Content. In her role, Maike will provide strategic direction to guide HL with...

R3 responds to October 2022 insolvency statistics

Corporate insolvencies increased by 15.7% in October 2022 to a total of 1,948 compared to September’s total of 1,684, and increased by 38.2% compared to...

Two in five established businesses fear insolvency or mass redundancies as UK heads for recession

More than two out of every five (41%) established small and medium businesses (those with between 10 and 100 employees) across the UK expect to shut their...

PCI Pal extends G-Cloud certification

PCI Pal® (LON: PCIP), the global SaaS provider of secure payment solutions, has certified as an approved supplier on the Government’s G-Cloud 13 procurement...

PwC India and HighRadius Alliance Will Help the Office of the CFO to Embrace Autonomous Finance

Houston and Delhi – PwC India and HighRadius, the Autonomous Finance Software Platform for Order to Cash, Treasury Management, and Record to Report, have...

Silent majority won’t talk about debt

Lowell’s latest Financial Vulnerability Index shows borrowing has risen dramatically since the beginning of the year. Lowell’s own research shows that over...

More significant arrears number is the one for lenders to watch – comment

Following the UK Finance arrears and possessions figures this morning, Richard Pike, Phoebus Software chief sales and marketing officer, says “Although the...

Mazuma Mobile Survey Reveals Continued Decline in UK Economy

More than nine out of 10 people say they are worried about the cost of living crisis, according to a large-scale nationwide survey undertaken by Mazuma Mobile....

Taxpayers struggling with bills jumps by a fifth – and they’re paying more too

In the 6 months since 5 April this year, 21,600 people with self-assessment tax bills have set up a time-to-pay arrangement to spread the cost. That’s up...

Time to ‘talk money’ as four in ten callers in debt wait a year before seeking advice

New analysis published today by the Money Advice Trust (the charity which runs the National Debtline service) and data company, Experian, has revealed new...

Quarter are living life on the edge of the abyss and waiting for the drop

17% of people have no savings at all according to the Money and Pensions Service, while 26% have less than £100 set aside for emergencies. This reflects HL...

Europa Investimenti appoints new Chief Executive Officer Daniele Patruno appointed CEO of Italy’s Europa Investimenti in Europe’s largest NPL market

Arrow Global Group (“Arrow Global”), a leading vertically integrated European fund manager in credit and real estate, is pleased to announce the...

Corporate insolvencies up 71% with construction and retail sectors worse hit

The latest Government insolvency statistics for Q3 2002 show a significant increase in the volume of companies in distress. There were 16,105 corporate...

Mortgage repayments hit highest point since 2010

The latest market analysis by mortgage experts, Revolution Brokers, reveals that homebuyers are now paying the most expensive monthly mortgage repayments since...

Air Europa chooses PCI Pal to enhance Contact Centre payment processes

PCI Pal® (LON: PCIP), the global SaaS provider of secure payment solutions for business communications, has implemented PCI Pal Agent Assist into Air...

Debt Recovery Fintech to Drop Fees to Help Businesses Recover Cash Amidst Recession

A debt recovery Fintech is offering businesses free access to its collections platform till the end of the year to help them recover unpaid debts as recession...

Comments on today’s Insolvency Service Q3 2022 company insolvency statistics

“The year-on-year increase in insolvencies in Q3 2022 is unsurprising given the challenging trading conditions and market volatility facing many businesses....

Response to Q3 2022 insolvency statistics

There were 5,595 seasonally adjusted corporate insolvencies in Q3 2022, a fall of 0.9% compared to Q2 2022’s figures of 5,645 and a 40.3% increase...

Ammer Malik joins Paylink Solutions as Head of Business Development

Paylink Solutions has announced Ammer Malik as its new Head of Business Development. Ammer, who has more than 21 years of experience working in the credit and...

PSR sets out final plans in its market reviews into card fees to protect businesses and consumers

Today, the Payment Systems Regulator (PSR) outlines the next stages of its two market reviews into card fees – one on scheme and processing fees, and one on...

Global insolvencies expected to rise by +10% in 2022 and +19% in 2023

After two years of decline, global business insolvencies should rise in 2022 and 2023 and catch up with their pre-pandemic levels by the end of next year. High...

EU Commission legislation for full EU-wide coverage of instant payments – reaction

Following the European Commission’s outlining its proposal for regulation on instant payments amongst banks operating in the EU, Joe Morley, Vice President...

Scotland insolvency statistics Q2 2022, R3 in Scotland response

Overall, corporate insolvency numbers (liquidations and receiverships) in Scotland for Q2 2022-2023 increased by 28% compared with Q2 2021-2022. The number of...

Debt Recovery Fintech to Drop Fees to Help Businesses Recover Cash Amidst Recession

A debt recovery Fintech is offering businesses free access to its collections platform till the end of the year to help them recover unpaid debts as recession...

Digital investment considered critical to business survival in bleak economic outlook

Over a quarter (28%) of UK middle market businesses now consider digital transformation to be their single most important area of investment, according to RSM...

Scottish insolvencies on the rise, with more to come – comments on latest AiB stats

The number of Scottish companies entering insolvency increased during the third quarter of 2022 new analysis from the Accountant in Bankruptcy (AiB) shows,...

How AI enables organisations to move from network monitoring to proactive observability

In today’s world, the volume of data and network bandwidth requirements are growing relentlessly.  So much is happening in real-time as businesses adapt and...

Provenir Named Finalist in the 2022 Fintech Futures Banking Tech Awards

Parsippany, NJ — Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, today announced it has been named a finalist in...

Sidetrade launches first North America partner program with Sirius Solutions

Global AI-powered Order-to-Cash platform, Sidetrade, has launched its first North America partnership with national IT consulting services firm, Sirius...

Lowell completes acquisition of Hoist Finance UK

Lowell Group (“Lowell”), one of Europe’s leading credit management services providers, has today completed the acquisition of Hoist Finance UK (“Hoist...

RSM UK strengthens future growth with record trainee intake

RSM UK has recruited a record high of 723 new students across the UK in 2022, comfortably surpassing its previous record intake in 2021 by 20% as the firm...

Yooz, Inc. Chosen as Top 50 Providers to Watch by Spend Matters

Spend Matters®, a research-based digital social media and blog site dedicated to examining a range of procurement and supply chain issues, released its annual...

Aryza launches new embedded lending platform in partnership with Dreams

Aryza, who are leading suppliers of software solutions into the insolvency, credit and debt recovery sectors has today announced the launch of a new Embedded...

Trustfolio and Birmingham City Council awarded ‘Highly Commended’ for IRRV Excellence in Innovation Debt Management Award

‘Debt-tech’ collective Trustfolio and its Creditor Debt Solutions Platform client Birmingham City Council have been jointly awarded a ‘Highly...

Paylink Solutions and Inbest enter new partnership

Paylink Solutions has entered into an exciting new partnership with benefits digital solution provider, Inbest, to deliver precise information to customers...

Cost of living now number one cause of debt for StepChange Scotland clients

New data from StepChange Scotland shows inflated prices for energy, food and other essentials are driving new clients to its service. Data from July to...

Colin McMahon joins Sigma Connected as Director of Financial Services

Business process outsourcing provider Sigma Connected has made a senior appointment as it continues its expansion into the global financial services sector....

Mortgage repayments climb to nearly a quarter of the average household’s earnings

According to the latest research by specialist property lending experts, Octane Capital, the average household is now paying 22% of its monthly income on the...

Directors advised to act now as economic climate drives increase in insolvencies

Likely to be the start, not the peak, of insolvencies. Headwinds likely to cause issues even for better-performing businesses in the next 12 months. Corporate...

Energy providers increasingly asking for companies in debt to be shut down as energy bills crisis bites

New data from Mazars, the international audit, tax and advisory firm, shows that in the last four months, energy providers forced 20 businesses to close over...

R3 responds to September 2022 insolvency statistics

Corporate insolvencies decreased by 13.5% in September 2022 to a total of 1,679 compared to August’s total of 1,940, and increased by 15.6% compared to...

The PSR directs up to 400 firms to introduce the payment protection measure, Confirmation of Payee

Today, the Payment Systems Regulator (PSR) has confirmed its plans that will see around 400 more financial firms provide the name checking service,...

StepChange welcomes Google crackdown on advertisers, but root cause IVA problems remain

StepChange Debt Charity, which has for years been campaigning against misleading advertising by charity impersonator firms and potential IVA mis-sellers, is...

Higher energy prices putting companies at risk of insolvency

The total number of company insolvencies in England and Wales in Q2 of 2022 reached its highest level since Q3 of 2009 according to data from the Office of...

Don’t let today’s collectable debt become tomorrow’s bad debt

The economic turbulence of recent weeks suggests that now is the time for SMEs and sole traders to review their debt collection activities. With interest rates...

Validis partners with Aryza to power open finance for UK SME business lenders

Aryza, expert developers of software solutions for the sectors of insolvency, credit and debt recovery, has today announced a partnership with Validis, a...

CIVEA to encourage debt landscape discussions at GovDebt 2022

Welcoming over 200 public sector debt professionals, GovDebt brings together government finance, debt and risk professionals to review the UK public sector...

PSR finalises plans to help businesses save money on card services

Today the PSR has published its final decision confirming the changes it is making to improve card services and choice for businesses. Every time somebody buys...

Global AI firm Sidetrade chooses Calgary for North America expansion

Global AI-powered Order-to-Cash platform, Sidetrade,today announced an acceleration to its North America offensive strategy with plans to invest $24 million...

Global growth continues as Sigma Connected appoints new Chief Strategy Officer

Business outsourcing provider Sigma Connected has announced the appointment of a new chief strategy officer as the company continues its global expansion. The...

Scottish Business and Government Leaders Join PRA Group to Unveil New Office in HALO Kilmarnock

Global financial services company, PRA Group, Inc., today celebrated the grand opening of its new offices in Kilmarnock’s HALO Enterprise and Innovation...

Money and Pensions Service announces intention to award contracts for national and business debt advice services and the administration of debt relief orders in England

Today, the Money and Pensions Service is announcing the outcome of its debt advice commissioning process for England, through which it is providing more...

UK-fintech Ebury enrols in Amazon’s Payment Service Provider Program

Ebury, a global fintech, is delighted to announce that it has become a member of Amazon’s Payment Service Provider Program (the Program) meaning that sellers...

EY UK&I announces new Leaders for EY-Parthenon

EY has announced the appointment of two new UK & Ireland (UK&I) leaders in its Strategy practice, EY-Parthenon. In a newly created position, Alan...

PwC India and HighRadius Alliance Will Help the Office of the CFO to Embrace Autonomous Finance

Houston and Delhi – PwC India and HighRadius, the Autonomous Finance Software Platform for Order to Cash, Treasury Management, and Record to Report, have...

PCI Pal partners with Virgin Atlantic to secure its international omnichannel payments

PCI Pal® (LON: PCIP), the global provider of secure payment solutions, has today announced that its solution, PCI Pal Digital Payments, has been selected by...

Answer Pay and Partner Hub join forces to improve cash flow in Europe’s €1.2Bn e-invoicing market

As the cost of living crisis increasingly bites many businesses are struggling to collect payments from their customers. Subscription numbers are declining and...

Chartered Institute of Credit Management Appointed Official Assessor for the High Court Enforcement Officers Association

The Chartered Institute of Credit Management (CICM) and the High Court Enforcement Officers Association (HECOA) have formed an official partnership for the...

Simplifying voice-led unified communications for both public and private sectors

Conversant Technology is delighted to announce the forthcoming launch of its new complete communications solution – Conversant 360 – whose goal is to put a...

Creator Banking App Nerve Announces New Invoicing Feature

Nerve, the banking app designed for creators, has unveiled a brand-new invoicing feature making it easier than ever for users to run their businesses. The app...

Sequestration limit change could lead to flurry of bankruptcies in Scotland

The reduction of the limit for sequestration proceedings at the end of this week could lead to a wave of smaller businesses in Scotland being made bankrupt,...

Indigo Cloud appoint Ian Simpson

Indigo Cloud Limited have appointed Ian Simpson as Director of Business & Client Development where he will be defining new market strategies, driving...

Saltare Joins the Good Business Charter and Prompt Payment Code in commitment to best business practice

Early Payments Fintech, Saltare, has joined the Good Business Charter (GBC) and Prompt Payment Code (PPC) as signatories as part of its commitment to best...

Vulnerable people most likely to be moved onto high-cost prepayment meters

While millions of UK households prepare to face a difficult winter with soaring energy bills, it will be the UK’s four million people on the more expensive...

PayPoint and Engage Hub deploys a new collaborative PCI-compliant payment solution

Digital payments expert, PayPoint, has strengthened its partnership with a leader in the provision of journey orchestration and cross-channel communications,...

R3 unveils anti-fraud proposals

R3, the insolvency and restructuring trade body, has published a policy paper containing a number of recommendations to improve the UK’s fight against fraud....

One in three UK mortgage customers fear unaffordable repayments due to rate hikes

One in three mortgage customers in the UK say that rising interest rates mean they cannot afford their repayments, new research commissioned by Butterfield...

Even in a Crisis, the Best Collections Are Avoided Collections

With a cost-of-living crisis and soaring energy costs across Europe and other countries, it’s important to re-evaluate debt collections and customer risk...

Target Group bolsters its Executive Team as it transitions to new leadership era

Target Group, the operational transformation, business processing and software provider has today announced leadership changes across its Executive Team. These...

Call for Emergency Budget to offer more support for struggling firms as cash flow pressures drive surge in insolvencies

Emergency Budget opportunity to provide lifeline to struggling firms Insolvencies 42% higher than pre-pandemic levels Headwinds likely to cause issues even for...

R3 responds to August 2022 insolvency statistics

Corporate insolvencies increased by 5.5% in August 2022 to a total of 1,933 compared to July’s total of 1,832, and increased by 43.4% compared to August...

Azzurro Law announces senior appointment to further strengthen team

Azzurro Law, a specialist commercial debt collection and legal recoveries firm, has appointed Brendan Clarkson FCICM as its new Client Services Director to...

30% of Consumers turn to WhatsApp for debt-related customer service

Customers are demanding as many as seven different ways to interact with payment and collections teams, including newer channels not commonly known for...

UK Cards in a Crisis: What Can We Learn from the Financial Crash of 2008?

As the UK economy transitions from the pandemic to the cost-of-living crisis, is there anything that can be learnt from how the 2008 financial crisis impacted...

Banks and building societies ramp up protections to tackle Authorised Push Payment scams

Signatories to the CRM Code, governed by the LSB, have made strides forward in their effort to stamp out transactions resulting in Authorised Push Payment...

Borrowing is not a choice but a necessity for many, shows latest Financial Vulnerability Index

As UK households are hit by unprecedented levels of inflation, the latest update to Lowell and the Urban Institute’s Financial Vulnerability Index (FVI), the...

Target Group appoints John Barker as CEO

Target Group, the operational transformation, business processing and software provider appoints John Barker as CEO. Roger Newman will step back as Chief...

Phillips & Cohen Associates announces hiring of Janneen Jackson

Phillips & Cohen Associates, Ltd. (PCA), the global leader in deceased account management and debt settlement servicing, with clients in the United States,...

Lowell appoints Clodagh Gunnigle as Non-Executive Director

Lowell Group (“Lowell”), one of Europe’s leading credit management services providers, has appointed Clodagh Gunnigle as Non-Executive Director (NED) to...

Digital payments + fraud + inflation = potential disaster without an automated dispute management solution

“As the rapid uptake of digital payments has sky-rocketed over the last year, so has fraud. Tack on inflation and you now have businesses that are cash...

Mortgage services provider Stater sees opportunities in pan-European mortgage market

AMERSFOORT, The Netherlands – Stater CEO Erwin Dreuning and brand-new commissioner Frans van der Horst talk about the European opportunities they see for...

HCEOA launches new Supporting Court Users survey

The High Court Enforcement Officers Association (HCEOA) has launched a new survey as part of its ‘Supporting Court Users’ campaign, which aims to give...

Indesser recovers £3 billion for taxpayers

Indesser reported today that it has recovered £3 billion of money for taxpayers since 2015. This represents a key milestone in the government’s debt...

Lowell Second Quarter Results 2022

Lowell, a European leader in credit management services, today announces its results for the 3 months ended 30 June 2022. Commenting on today’s announcement...

Phillips & Cohen Associates hires Saima Hassan as Director of Operations for The Estate Registry UK

Phillips & Cohen Associates, Ltd. (PCA), the global leader in deceased account care servicing and technology solutions, servicing clients in the United...

Lloyds Banking Group Contract

Smoove plc (AIM: SMV), the customer focused technology and services business aiming to simplify and revolutionise home moving and ownership, announces that it...

Duologi go live with LendingMetrics’ ADP

Forward-thinking payment partner Duologi have successfully gone live with LendingMetrics’ Auto Decision Platform (ADP). Duologi, which specialise in...

Channel announces Ion Fratiloiu as new Chief Commercial Officer

Ion Fratiloiu has joined Channel Capital Advisors LLP (Channel) as its new Chief Commercial Officer. Fratiloiu will be driving Channel’s new digital lending...

Contactless makes up a third of all payments, while cash use falls again in 2021

UK Finance has published its latest Payment Markets Report, reporting on payment trends during 2021 and forecasting what we expect to happen by 2031. Key...

Rising costs and cash flow pressures squeezing businesses – company insolvencies up 67% year-on-year

27% higher than pre-pandemic levels One-month increase of 7.5% from June 2022 Headwinds likely to cause issues even for better-performing business in the next...

R3 responds to July 2022 insolvency statistics

Corporate insolvencies increased by 7.5% in July 2022 to a total of 1,827 compared to June’s total of 1,699, and increased by 66.7% compared to July...

UK Services sector responsible for the biggest month-to-month spike in overdue invoices last month

The global AI-powered Order-to-Cash platform, Sidetrade, reveals late payment trends by UK companies in July 2022 from the Sidetrade Unpaid Invoice Tracker –...

A third of SMEs set to fold without further funding, new study reveals

A survey of 500 UK SMEs has found: A third (33%) of SMEs say their survival is dependent on accessing finance by the end of the year 32% have no financial plan...

HighRadius Named To The Forbes Cloud 100 Third Year In a Row

HOUSTON & SAN FRANCISCO – HighRadius the leading provider of Autonomous Finance Software for Order to Cash, Treasury and Record to Report, has been named...

Capita Experience appoints four new client partners to expand financial services offering

Capita Experience, part of Capita plc, has appointed four new client partners within its financial services business for motor finance, mortgages, retail...

Personal insolvencies fall 10% despite cost-of-living crisis – but experts warn it cannot last

The number of personal insolvencies in the UK has fallen 10% from 32,197 in the first quarter of the year to 28,946 in the second quarter* says Mazars, the...

Personal insolvencies continue to rise year-on-year despite quarterly drop

The number of individuals entering a personal insolvency procedure remains high with a 7% increase on the same quarter last year. Q2 2022 marked the eighth...

Q2 insolvency stats reveal the cliff edge of company insolvencies

“The continued rise in insolvencies, and CVLs in particular, clearly demonstrates that the predicted ‘cliff edge’ of company insolvencies coming out...

Comments on today’s Insolvency Service Q2 2022 company insolvency statistics

“The 81% year-on-year increase in the number of UK company insolvencies in Q2 2022 has, once again, been largely driven by a significant rise in Creditors’...

R3 responds to Q2 2022 insolvency statistics

There were 5,629 seasonally adjusted corporate insolvencies in Q2 2022, an increase of 12.7% compared to Q1 2022’s figures of 4,995 and an increase of...

Sharp rise in volume and value of CCJ debt registered against consumers and business in England & Wales

Registry Trust, the not-for-profit organisation which maintains the Register of Judgments, Orders and Fines for the UK & Ireland, has released its Q2 2022...

Target sets sights on growth with promotion of Mark Gilliver

Target Group, the operational transformation, business processing and software provider has today announced the promotion of Mark Gilliver to Chief Growth...

Recession risk sparks concern in SMEs as demand for finance rises

Small business owners are concerned about the possibility of a recession, according to iwoca’s latest quarterly SME Expert Index. With both the cost of...

Debt charities call on Ofgem to “ramp up” protection for people with energy debt

The UK’s three largest debt charities have called on the energy regulator Ofgem to urgently increase protections for people with energy arrears, as rising...

1,487 per cent increase in rental property repossessions

Industry analysis by Landlord Action, housing law specialist and part of the Hamilton Fraser Group, has revealed that the number of rental property...

Scotland insolvency statistics Q1 2022, R3 in Scotland response

Overall, corporate insolvency numbers (liquidations and receiverships) in Scotland for Q1 2022-2023 rose by 49.1% compared with Q1 2021-2022. The number of...

Norton Broker Services adds TAB to lender panel

Norton Broker Services has added TAB to its panel of lenders. The agreement means that brokers using Norton Broker Services now have access to a range of first...

PayU appoints industry heavyweight as Global Payments CFO to drive further business growth

Amsterdam, Netherlands – PayU, the leading online payment service provider operating in 50 emerging markets, has today announced the appointment of...

Norton Home Loans partners with TMG

Norton Home Loans has partnered with The Money Group (TMG) network, enabling TMG brokers to access its full range of specialist mortgages. Norton Home Loans...

Freedom Finance selects OMS as back-office processing support

Freedom Finance has selected One Mortgage System (OMS), the seamless single-input enquiry-to-completion processing platform for brokers, to be its back-office...

National Express improves security and flexibility with 8×8 and PCI Pal

National Express, the largest scheduled coach operator in the UK, has chosen the 8×8 XCaaS™ (eXperience Communications as a Service™) integrated cloud...

Be A Know-it-all: The solution to the £61 billion late payment problem has launched

Know-it, a Scottish fintech start-up, has officially launched their cloud-based credit management platform. Founded by Lynne Darcey Quigley, the new platform...

Arrow Global opens Luxembourg office to support ongoing Fund Activities

Luxembourg City – Arrow Global Limited (“Arrow Global”), a leading European investor and alternative asset manager in credit and real estate, is pleased...

PSR annual report highlights robust action and progress in protecting people

Today, the Payment Systems Regulator (PSR) has published its annual report and accounts for 2021/22, setting out how it made a difference over the past...

Conversant Technology expands in the US

After a period of intensive growth, UK-based Unified Communications provider Conversant Technology is adding to its existing US presence with a new office in...

Paystand Launches the World’s First AR-Centric Dynamic Discounting Application, Powered by Blockchain Smart Contracts

Paystand, the leader in blockchain-enabled B2B payments, today launched the world’s first dynamic discounting application designed for seller accounts...

Insolvency statistics reveal 40% increase on June last year – comment

“Today’s insolvency statistics contained few surprises, creditors’ voluntary liquidations (CVLs) have continued to outnumber other types of company...

R3 responds to June 2022 insolvency statistics

Corporate insolvencies decreased by 7.2% in June 2022 to a total of 1,691 compared to May’s total of 1,822, but were still 40.1% higher compared to June...

DCBL scoops Best Use of Technology Award for its parking charge communications and payments transformation

Ethical debt collection firm, DCBL has won the Best Use of Technology at the Credit Awards 2022 for its partnership with Webio, a leading AI customer...

The High Court gives permission to serve court documents by NFTs

On 24 June 2022, the High Court of England and Wales granted an order permitting service of court proceedings via the transfer of a token on the blockchain in...

Industry trade body urges HM Treasury to prioritise modernisation of consumer credit regulations

After many years making the case for change, the Credit Services Association (CSA), the UK trade body for the debt collection and debt purchase industry, has...

Registry Trust calls for stakeholders to back new Register of Partial Settlements

Registry Trust, the not-for-profit organisation which maintains the Register of Judgments, Orders and Fines, is calling on stakeholders from across the credit...

A Commercial and Compleat payment solution

Organisations looking to complete their digitisation journey can now increase the control and visibility of their purchase to pay functions thanks to a new...

Phoebus Software Limited trains up mental health first aiders

Phoebus Software Limited (PSL) has introduced mental health first aiders into its workplace to help anyone who needs support. Five employees are now qualified...

Awards to Celebrate Outstanding Performance in Collections and Debt Purchase Sector now open for nominations

The Credit Services Association, the trade association for the debt collection & purchase sector, has launched this year’s Membership Awards which is...

TPAY MOBILE’s Founder and CEO Sahar Salama hands over CEO responsibilities to become Group Chairwoman

UAE: TPAY MOBILE, the leader in mobile payments in the Middle East, Africa, and Turkey (META), today announces it has appointed Gaston Aussems, previously CEO...

Lowell Group deepens board experience with Sally-Ann Hibberd Appointment

Lowell Group (“Lowell”), one of Europe’s leading credit management services providers, has appointed Sally-Ann Hibberd as an Independent Non-Executive...

Enforcement Industry Association Announces 25th Anniversary Conference

LACEF the association for local authority staff employed in managing debt and recovering debt for councils, has announced the details for its upcoming...

Pay.UK and PayPoint enable government cost-of-living support payments to the financially vulnerable

Pay.UK today announces that PayPoint has joined the Confirmation of Payee name-checking service. This will extend the offering to PayPoint’s local government...

Sigma Connected secures Yu Energy contract

A UK business outsourcing specialist has been awarded a contract by business energy and water operator Yu Energy to provide contact centre support for outbound...

International debt collection: Where is the most difficult place to collect your debts?

The third edition of the Allianz Trade Collection Complexity Score provides a simple assessment of how difficult it is to collect debt, helping to support...

Teleperformance UK selects PCI Pal to secure expanding payment methods for global enterprise customers

PCI Pal® (LON: PCIP), the global SaaS provider of secure payment solutions, has today announced a partnership with Teleperformance Limited a leader in...

receeve partners with Paylink Solutions technology to support financially vulnerable customers

The collections & recovery platform, receeve, has announced a new partnership with Paylink Solutions to provide a simple, efficient way to carry out...

Aryza announces launch of new performance management tool

Aryza, expert developers of software solutions for the insolvency, credit and debt recovery sectors, has launched a new performance management product,...

UNO Digital Bank to use AI to empower staff and delight customers

UNOBank Inc. will use BUSINESSNEXT solutions to power UNO Digital Bank’s customer relationship management (CRM) systems. The artificial intelligence (AI)...

HCEOA welcomes appointment of Board members at Enforcement Conduct Board

The High Court Enforcement Officers Association (HCEOA) welcomes the appointment of four new Board members to the Enforcement Conduct Board (ECB), which is due...

CSA CEO Elected to the Board of FENCA

Chris Leslie, Chief Executive of the Credit Services Association (CSA), the UK trade body for debt collection and debt purchase, has been elected to the board...

Enforcement Conduct Board announces new board appointments

The Enforcement Conduct Board, the new independent regulator for the enforcement industry (bailiffs) across England and Wales due to launch in autumn 2022, is...

Midlands refugee charity benefits from £1,000 Sigma donation

A Midlands-based business outsourcing firm has donated £1,000 to a charity which provides free guidance and advice on immigration, destitution and...

Aryza announces the launch of Aryza North America

Aryza announces significant changes to the management team and expansion into new markets to support insolvency and lending businesses. A new CEO has been...

Over one in five Brits suffer from mental health issues due to their financial situation

Over the past 90 days, in the UK search terms[2]  for ‘I can’t afford my bills’ (+400) and ‘I am worried about money all the time’ (+300%) have...

PayPlan partners with National Bereavement Service to support people following the death of loved ones

Free debt advice provider, PayPlan, has launched a new partnership with the National Bereavement Service (NBS) to provide practical, emotional and financial...

Lowell backs radical rethink of financial education in Britain

Lowell Group (“Lowell”), one of Europe’s leading credit management services providers, is pleased to partner with the Centre for Social Justice...

Sensée’s Jo Hodge named Outsourced Contact Centre Manager of the Year

Sensée Service Delivery Manager Jo Hodge has been named the Gold winner in the ‘Outsourced Contact Centre Manager of the Year’ category of the...

Arvato Financial Solutions becomes Riverty

Arvato Financial Solutions becomes Riverty. The company aims to be a thought leader in the FinTech world using financial technologies, data and process...

Stenn welcomes new Chief Product Officer

Stenn, the leading digital financing platform for global SMEs, is pleased to announce the appointment of Bilal Bajwa to the new position of Chief Product...

Stagflation fears: UK businesses brace for jump in late payments during second half of 2022

Intrum’s annual European Payment Report (EPR)*, a survey of 11,000 companies across 29 European countries, shows that businesses are expecting late payments...

Will the number of compulsory liquidations continue to increase?

Figures released by the Insolvency Service for May 2022 show a 42 per cent increase in the number of compulsory insolvencies in England and Wales compared to...

MaPS comment on Treasury Buy Now, Pay Later proposals

“Research from our Debt Need Survey, which measures how many people need debt advice in the UK, has shown that four in ten people (38%) who had used Buy Now,...

R3 responds to May 2022 insolvency statistics

Corporate insolvencies decreased by 8.9% in May 2022 to a total of 1,817 compared to April’s total of 1,995, and increased by 79.2% compared to May...

Omnichannel Communications Critical for Lenders To Be Able To Respond to FCA Call for ‘Cost-of-Living Crisis’ Customer Support

Responding to the FCA’s call for lenders to support customers facing financial distress, global analytics software firm FICO is highlighting the importance...

Apex Litigation Finance to appoint Stephen Allinson as ‘Head of Legal’

Litigation funding specialists, Apex Litigation Finance have announced the appointment of Stephen Allinson, Solicitor and Licensed Insolvency Practitioner, as...

FCA: Banks aren’t offering struggling borrowers enough support

The FCA says lenders need to work harder to understand the problems people are facing, so they can offer the right support. They’re worried that vulnerable...

Webio secures $4m to scale Conversational AI in the collections and payments industry

Irish start-up Webio, a leader in Conversational AI in the credit, collections and payments industry, has today announced a series A funding round led by Finch...

Sigma Connected celebrates multiple wins at Cape BPO Awards

Business outsourcing firm Sigma Connected has triumphed in a number of categories at one of South Africa’s most prestigious industry awards. Sigma Connected,...

Paradigm appoint new Mortgage Helpdesk Manager

Paradigm Mortgage Services, the mortgage services proposition, has today announced the appointment of a new Mortgage Helpdesk Manager. Diane Jones joins...

Money Advice Trust publishes its latest Outcomes Report

The Money Advice Trust has published its Outcomes Report 2021, which outlines the impact of the charity’s activity across its National Debtline and Business...

Lawton Hathaway to forge a new era of success as Hill returns

Daniel Hill has returned to credit management solutions specialists Lawton Hathaway after founding the company in 2009. Hill, who helped steer major successes...

CIVEA contributes to Levelling Up, Housing and Communities Committee

CIVEA gave evidence this week to the House of Commons Levelling Up, Housing and Communities (LUHC) Select Committee inquiry into Council Tax collection. The...

PayByPhone adopts Yooz AI software to make accounts payable effortless

Parking mobile app & payment solution, PayByPhone, has announced the integration of Yooz real-time automated purchase-to-pay (P2P) software to simplify its...

Managing inflation during ongoing uncertainty

With inflation pushing 10%, businesses of all sizes are concerned to know just how this will impact them amid the ongoing cost of living crisis. Inflation hits...

PayU strengthens presence in Africa with Ghana entry and new BNPL and QR-based product offerings

South Africa/London: Today, PayU, the leading online payment service provider operating in 50 emerging markets, announces that it is strengthening its foothold...

PIMFA welcomes Financial Conduct Authority ban on Claims Management ‘phoenxing’

PIMFA, the trade association for the wealth management, investment services and the investment and financial advice industry, welcomes today’s announcement...

MorganAsh adds Vulnerability Registration Service to MARS vulnerability tool to reinforce consumer protection

Leading support services provider MorganAsh has integrated the Vulnerability Registration Service (VRS) with its own innovative MARS resilience tool, making...

Ardent celebrates its silver jubilee

Liverpool-based debt recovery and credit management services provider, Ardent Credit Services, is celebrating reaching its silver jubilee in June 2022. The...

New Early Pay Product to Help Businesses Improve Relations and Manage Cashflow

A new digital based solution, Early Pay, designed to incentivise larger organisations and local authorities to pay their suppliers before an invoice is due and...

‘A ticking time bomb’

As economic indicators falter, the UK is facing a significant rise in debt, and the collections industry needs to react with the best technology James...

Deploying digital starts with great conversational design

The industry needs to consider how to build true digital customer conversations, rather than simply having different interactions By Mark Oppermann, Head of...

Double standards on payments: UK businesses squeezing suppliers

Businesses are paying their suppliers even later, despite admitting that they have a responsibility to smaller firms, according to early findings from the 2022...

Yobota announces partnership with BNPL startup Tranch, following funding round

Yobota has today announced its partnership with Tranch, a buy now, pay later (BNPL) startup platform on a mission to deliver more flexible payments to...

New Early Pay Product to Help Businesses Improve Relations and Manage Cashflow

A new digital based solution, Early Pay, designed to incentivise larger organisations and local authorities to pay their suppliers before an invoice is due and...

Awards to Celebrate Outstanding Performance in Collections and Debt Purchase Sector now open for nominations

The Credit Services Association, the trade association for the debt collection & purchase sector, has launched this year’s Membership Awards which is...

Trustly acquires Ecospend, further strengthening position in the UK

Stockholm (Sweden) – Trustly, the leading global payments platform for digital Account-to-Account transactions (“A2A”) today announces the acquisition of...

Bristow & Sutor Group promotions highlight commitment to collaboration

The Bristow & Sutor Group is a partnership between Debt Recovery Plus (DRP), Credit Style, and Bristow & Sutor. Over the past year, all three...

South East home to the highest number of repossessed homes for sale

Research by property purchasing specialist, HBB Solutions, has revealed that South East is currently home to the most repossessed homes and the high cost of...

Lowell First Quarter Results 2022

Lowell, a European leader in credit management services, today announces its results for the 3 months ended 31 March 2022. Commenting on today’s announcement...

HMRC records over 3 million chatbot interactions since the start of the pandemic

Her Majesty’s Revenue & Customs (HMRC), the UK government department responsible for tax collection, has seen the number of interactions with its chatbot...

PSR announces plans to make more financial firms provide Confirmation of Payee

Today, the Payment Systems Regulator (PSR) has announced its plans that will see around 400 more financial firms provide Confirmation of Payee (CoP). This...

CSA Crowned Lincolnshire Apprenticeship Training Provider Champion

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase industry, has been recognised at the Lincolnshire Apprenticeship...

EML Open Banking Expands Into 20 New Countries To Complete Its Coverage Of Europe

Nuapay (EML Payments Limited’s (ASX: EML) Open Banking business), is now connected to banks in another 20 countries in Europe, becoming one of the first...

Cash flow pressures drives over 100% rise in insolvencies

Insolvency figures released for April 2022* by the Government’s Insolvency Service showed corporate insolvencies more than doubled compared to the same month...

West Midlands children’s charity benefits from £1,000 donation

A Midlands business outsourcing firm has donated £1,000 to a charity which supports vulnerable and distressed children across the region. Sigma Connected,...

Decline in Consumer CCJs in England & Wales in first quarter of 2022

Registry Trust, the not-for-profit organisation which maintains the Register of Judgments, Orders and Fines for the UK & Ireland, has released its monetary...

Arrow Global launches Portfolio Diagnostic solutions service exclusively for Creditors

Arrow Global, a leading European investor and asset manager in consumer credit, is pleased to announce the launch of its Portfolio Diagnostic Solution to the...

UK insolvencies to increase by more than a third in 2022

The UK will be the first major European economy to reach pre-pandemic levels of business insolvencies, with a forecast increase of 37% in 2022, according to...

TransUnion Enables Free Credit Education via the New Lowell App

TransUnion has strengthened its partnership with Lowell, one of the largest credit management companies in Europe, to provide their UK customers with a...

2 in 3 Brits dealing with traditional debt collectors experience “stressful” treatment

InDebted, the fast-growing global fintech aiming to transform the consumer experience of debt, reveals new research highlighting the impact of the UK’s...

R3 responds to April 2022 insolvency statistics

Corporate insolvencies decreased by 6% in April 2022 to a total of 1,991 compared to March’s total of 2,119, and increased by 115.2% compared to April...

Paysafe launches unified payments partnership with Strive Gaming

Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced a new partnership with Strive Gaming, an advanced player account management...

New partnership aims to give best in class invoice automation

Two finance solution specialists have announced they are teaming up to help the accounting industry improve their financial spending and customer experience....

Half of 18-34 year olds forced to borrow money to manage spiralling fuel prices

Close to half of 18-34 year olds are struggling with fuels and cost of living rises, forcing them to borrow money from friends, family – or even banks....

Engage Post Office payments solution means more people can access cash services

Engage, the community banking division of Contis-Solaris, has today announced the integration of Post Office payments to ensure more people, including those in...

StepChange Scotland reports client average arrears on essential bills increased by 29% in one year

New figures from StepChange Debt Charity Scotland paint a worrying picture of its client finances in 2021, with client average arrears on essential bills...

R3 welcomes the announcement of the Economic Crime and Corporate Transparency Bill

Responding to the confirmation of a new Economic Crime and Corporate Transparency Bill, which was announced in today’s Queen’s Speech, Christina...

Significant rise in CCJs against UK & Ireland businesses in Q1 2022

Registry Trust, the not-for-profit organisation which maintains the Register of Judgments, Orders and Fines for the UK & Ireland, has released Q1 2022...

emerchantpay partners with APEXX Global to expand acquiring coverage

emerchantpay, a leading payment service provider and acquirer, has formed a strategic partnership with APEXX Global, a multi-award-winning global payments...

Arrow Ireland appoints new Director of Asset Management

Arrow Global Limited (‘Arrow Global’), a leading European investor and alternative asset manager in credit and real estate, is pleased to announce the...

Bristol Based Fintech Aiming to Help Businesses Access Cash Faster and Bring Certainty to Payments

A new Bristol based Fintech, Saltare, has opened its doors to help businesses across the UK to improve cashflow, strengthen supply chain relationships and give...

Lowell continues development of UK team with four new senior hires

Lowell Group (“Lowell”), one of Europe’s leading credit management services providers, has appointed Louis Brook as UK Chief Information Officer, Jill...

Infinity launches tailored agent training solution for contact centres

Infinity has announced the launch of ‘Agent ID’ and ‘Outbound call tracking’ – representing a significant improvement to its contact centre offering....

HighRadius Positioned as a Leader in First-Ever Gartner Magic Quadrant for Integrated Invoice-to-Cash Applications

HighRadius, the leading provider of Autonomous Finance Software, today announced it has been named a Leader in the 2022 Magic Quadrant for Integrated...

Paylink Solutions team expands with two senior appointments

Fintech Paylink Solutions has expanded its senior team by a new head of operations and head of information security. Joe Clarke is now Head of Operations and...

Trade body raises concerns over targets set for free-to-client debt advice

The Credit Services Association (CSA), the UK trade body for debt collection and debt purchase, has released a new report exploring the provision of debt...

Sidetrade reveals B2B global payment trends from its unique Data Lake – industry-first predictive payment intelligence map of 20.7 million companies worldwide

Sidetrade, the international AI-powered Order-to-Cash platform, has today revealed global payment trends from the Sidetrade Data Lake. Never-before-seen in the...

Mutual legal assistance

The issue of mutual legal assistance has not tended to dominate the headlines. But it seems to be on the minds of some who move in important circles. The next...

New President at insolvency and restructuring trade body R3

Edwin Coe LLP Partner Christina Fitzgerald has been appointed President of insolvency and restructuring trade body R3. As President, Christina will work with...

Recovery in Scottish business optimism dampened by rising costs

Boosting local economies must be the priority for incoming councillors, a business leader has warned as new figures show weak Scottish business confidence....

Scotland insolvency statistics Q4 2021-2022 – R3 in Scotland response

Overall, corporate insolvency numbers (liquidations and receiverships) in Scotland for Q4 2021-2022 were 164% higher compared with Q4 2020-2021, at 240...

PCI Pal partners with Odigo to provide secure payments

PCI Pal® (LON: PCIP), the global provider of secure payment solutions, has today announced a mutual partnership with leading Contact Centre as a Service...

Businesses suffering ill-effects of poor data in collecting debts

Businesses of all sizes are struggling to collect debts because the key contact details they had for each customer before the pandemic have not been updated....

Lowell reports full year 2021 results

Lowell today announces its full-year results for the 12 months ended 31 December 2021. Commenting on today’s announcement Colin Storrar, Group Chief...

Intrum Extends Global IT Services Contract with Fujitsu

Intrum has signed a new five-year global IT infrastructure outsourcing contract with Fujitsu. The contract with Fujitsu was renewed following a competitive...

Bristol Based Fintech Aiming to Help Businesses Access Cash Faster and Bring Certainty to Payments

A new Bristol based Fintech, Saltare, has opened its doors to help businesses across the UK to improve cashflow, strengthen supply chain relationships and give...

111.6% annual increase in corporate insolvencies – comments

Corporate insolvencies increased by 39.4% in March 2022 to a total of 2,114 compared to February’s total of 1,517, and increased by 111.6% compared to March...

Intrum adds strategic appointments as UK business continues growth phase

Credit Management Group Intrum UK has continued to expand its team with the addition of David Price as Compliance Director and David Stranaghan as Strategic...

Insolvencies set to increase as government support ends

Despite a return to normal for many economies in 2022, insolvencies are set to rise reports leading trade credit insurer, Atradius. In its latest Insolvency...

UK’s Sigma Connected launches new South African venture

Respected UK business outsourcing firm Sigma Connected has announced its entry into South Africa’s domestic market in a move which will create up to 1,000...

Qualco UK goes live with Open Banking Solutions

Qualco UK today went live with two new solutions, featuring open banking technology delivered by a number of key partners. Working with Ecospend and Themis...

Arum welcomes Steve Coppard, joining as new Group Director of Debt Policy and Strategy

Arum is delighted to announce the appointment of Steve Coppard, who will join on 3 May as its Group Director of Debt Policy and Strategy. In this newly created...

ArK Kapital and Pollen Street Capital sign SEK1.5bn senior secured debt facility to help startups grow smarter through AI-powered financial forecasts and non-dilutive funding

ArK Kapital – the data-driven precision finance company enabling startups to grow smarter through long-term loans, maintaining control for founders and...

Sigma Connected bolsters senior management team

A leading business outsourcing provider has announced the appointment of a new senior director who will support and develop the company’s renowned offshore...

McCambridge Duffy adopt new ‘debt-tech’ solution

McCambridge Duffy are set to be one of the first Insolvency Practitioners (IPs) in the UK & Ireland to adopt a new ‘debt-tech’ solution, to create a...

Empathetic leaders are key to employees navigating the cost of living crisis

With the constant stream of stories relating to the rise of living costs, from heating homes to commuting to work, it is evident that everyone is being...

New report from EQ Credit Services shows credit providers’ environmental credentials still a priority for UK borrowers despite financial squeeze

Rising inflation, spikes in fuel prices and the growing cost of living crisis haven’t dampened UK borrowers’ climate conscience according to a new report...

HighRadius Hosts Finance Leaders at Radiance 2022 to Discuss the Future of the Office of the CFO

HighRadius, the Artificial Intelligence-powered Order to Cash, Treasury Management, and Record to Report software leader, has announced Radiance 2022, to be...

45,000 overpay almost £17 million on their student loans

In 2020/21, 45,264 graduates overpaid their student loans, because their payments didn’t stop once the debt was settled. The average overpayment was £375....

Bristow & Sutor Group walk triangle of 3million steps for Debt Awareness Week

Staff at the Bristow & Sutor Group, one of the UK’s leading players specialising in debt resolution, has exceeded its walking target by recording over...

PSR Annual Plan puts focus on improving confidence and choice for payment systems users

Today, the Payment Systems Regulator (PSR) has published its Annual Plan for 2022/23. Emerging from the COVID-19 pandemic, it’s clear how essential to...

Trade body reports collections sector increasingly embracing new communications technologies – encourages regulators and government to follow suit

A new survey by the Credit Services Association (CSA), the UK trade body for debt collection and debt purchase, found that firms expect to either explore or...

PayPoint calls for businesses to counter cost of living concerns with digital payment solutions

Whilst hopes were high that the Chancellor’s Spring Statement would counter the rising cost of living, a survey by digital payments expert PayPoint confirms...

Mitek acquires HooYu for £98M to combat fraud

Mitek today announced the acquisition of UK’s leading KYC (know your customer) technology pioneers, HooYu. The acquisition helps to ensure businesses know...

Stressed customers hit the phones to discuss financial woes

The rising cost of living is making the phones ring for financial services businesses across the UK – as worried consumers seek more help and...

Paylink Solutions partners with Ecospend to provide ‘pay-by-bank’ services

Paylink Solutions has partnered with online banking provider, Ecospend, to allow customers who’ve fallen behind with repayment plans to make instant payments...

Sigma Connected appoints specialist to lead its new credit services business

Business outsourcing provider Sigma Connected has announced the appointment of a new managing director to lead the company’s newly-formed credit services...

R3 launches free Scottish consumer debt advice resource

R3, the insolvency and restructuring trade body, has launched a new debt advice guide for individuals in Scotland. The free resource, ‘Dealing with money...

New StepChange Strategy 2021-25 strategy against background of changes in debt advice

People experiencing problem debt tend to have more complex situations than in the past, so the scope and delivery of debt advice also needs to evolve – a...

Financial scar tissue in cities drives unequal pandemic recovery, shows latest Financial Vulnerability Index

As UK households are hit by rising prices, the latest update to the UK Financial Vulnerability Index (FVI), a joint project of Lowell and the Urban Institute,...

One in five people expects to be driven into problem debt this year

New polling from StepChange Debt Charity shows that millions of people expect to fall into problem debt this year due to the rise in the cost of living, energy...

Finalists revealed for inaugural CIVEA Enforcement Excellence Awards

Finalists have been announced for the first-ever industry excellence awards that follow the annual CIVEA conference, which brings together leading players from...

Modest rate bump risks inflation, expensive debts and savings misery

The Bank of England raised the base rate another 0.25 percentage points to 0.75%. It may not  be enough to dampen inflation. It’s bad news for borrowers –...

Restaurant group Fridays UK chooses PCI Pal® to secure card payments

PCI Pal, (LON:PCIP) – the global provider of cloud-based secure payment solutions – has supported restaurant group Fridays UK with the implementation of...

Company insolvencies double as cash crunch starts to bite & landlord restrictions lifted

Insolvency figures released yesterday for February 2022* by the Government’s Insolvency Service showed corporate insolvencies more than doubled compared to...

Average contactless payment increases by almost 30 per cent since new £100 limit was introduced

December 2021 card spending data from UK Finance reveals that the average amount spent per contactless card transaction rose by almost 30 per cent following...

Catherine Brown announced as the first chair of the Enforcement Contact Board

Catherine Brown, the former Chief Executive of the Food Standards Agency and current Chair of environmental charity Hubbub, is announced today as the first...

Intrum signs agreement to acquire Debt Managers portfolio from the Secure Trust Bank group

Credit management group Intrum UK has agreed to purchase the entire loan portfolio (the ‘Portfolio’) currently owned by Debt Managers (Services) Ltd...

February 2022 insolvency statistics, R3 response

Corporate insolvencies decreased by 3.2% in February 2022 to a total of 1,515 compared to January’s total of 1,565, and increased by 121.2% compared to...

Remy Automotive appoints Quantuma as Administrators

Leading motor parts remanufacturing business, Remy Automotive UK Ltd, has appointed Paul Zalkin and Andrew Watling of Quantuma Advisory Ltd as Joint...

First two Local Authorities to use new Creditor Debt Solutions Platform for more effective and transparent approach to supporting residents in financial difficulty

Southwark Council and Birmingham City Council will soon be the first two Local Authorities to use ‘debt-tech’ firm Trustfolio’s new Creditor Portal with...

£426m worth of property has been repossessed over the last year

Property purchasing specialist, HBB Solutions, has revealed where across the property market holds the unsavoury title of the nation’s repossession hotspot,...

Small business lending back to pre-pandemic levels but demand for personal guarantees is set to rise

In response to the Small Business Finance Markets Report 2022 from the British Business Bank which found that lending to small businesses has returned to...

Jason Incles is Appointed as Chair of Arum and Just

Arum and Just today announced Jason Incles, previously of TDX Group from 2006 to 2016, has been appointed as the board’s new Chair. Effective 9 March, Incles...

CashtoCode goes live in 10 new countries and 300,000 locations in major global expansion

CashtoCode, the payments service for online merchants, today announced its availability in more than 300,000 retail locations across 10 new countries. This...

New R3 resource aims to shatter insolvency fees myths

Insolvency and restructuring trade body R3 has published new research which aims to address a range of misconceptions about insolvency fees. R3’s paper,...

Meltdown of court system leaving small businesses dangerously exposed

Delays in the court process, compounded by COVID-19, are allowing businesses to potentially cheat their suppliers out of their hard-earned cash, a cashflow...

Enforcement firm celebrates success of ongoing charity partnership

The Bristow & Sutor Group, based in Redditch, Worcestershire, is calling for more like-minded businesses to commit to worthy causes long-term, after...

InDebted announces senior hires to strengthen product offering

InDebted, the fast-growing global fintech aiming to transform the consumer experience of debt, has today announced the appointments of Pierre Bergamin as Vice...

Catherine Brown announced as the first chair of the Enforcement Conduct Board

Catherine Brown, the former Chief Executive of the Food Standards Agency and current Chair of environmental charity Hubbub, is announced today as the first...

How the pandemic affected outcomes from debt advice

The Covid pandemic has had a very distinct impact on the progress of people seeking debt advice, according to StepChange Debt Charity. Their initial progress...

Major companies are permanently removed from the Prompt Payment Code for failing to pay their bills on time

Five leading companies – Diageo Scotland Limited, Diageo Global Supply IBC Limited, Diageo Northern Ireland Limited, Diageo Great Britain Limited and...

OMS integrates Land Registry search facility

One Mortgage System (OMS), the single-input enquiry to completion processing platform for brokers, has integrated the Land Registry search facility. This...

Rise in consumer credit borrowing reflects “growing pressure” on household budgets

The Bank of England has today published its latest Money and Credit figures showing consumer credit growth increased to 3.2% in January 2022 from 1.5% in...

Law firm launches ‘Lender Services’ to address underserved market

Esson & Aberdein has launched a dedicated Lender Services division to address an acute lack of provision and competition in the area. It is taking over...

Energy price hikes spark debt crisis: Brits borrow almost £5 billion to stay afloat

The UK’s energy crisis has prompted one in five (20%) Britons to rely on credit cards, loans and overdrafts to manage the mounting costs recorded over the...

Cabot General Counsel Sarah Whiteley elected new Board member at CSA AGM

At the recent AGM of the Credit Services Association – the trade association for the debt collection and debt purchase industry – Sarah Whiteley,...

PayPoint supports communities with more than £166m in emergency benefits vouchers dispensed since March 2020

Since the start of the pandemic, digital payment expert, PayPoint, has aided local government in its support of vulnerable people by dispensing more than 3.5m...

TVR Express Limited appoints Quantuma as administrators

Rehan Ahmed and Tauseef Rashid of business advisory firm, Quantuma, were appointed as joint administrators of TVR Express Limited (TVR) on February 21st....

Sigma Connected wins Anglian Water vulnerable customer support contract

A UK business outsourcing specialist has agreed a three-year contract with Anglian Water to support its most vulnerable customers. Sigma Connected, which...

Virgin Money introduces Paylink Solutions’ affordability platform across its lending products

Virgin Money has enhanced the way customers who have fallen into arrears provide their income and expenditure (I&E) information as part of a new digital...

Lulu Guinness bags modern accounting system

Lulu Guinness, the quintessentially British and iconic handbag brand, has partnered with Yooz, the cloud-based provider of real-time purchase-to-pay (P2P)...

Jennifer Baert is appointed General Counsel of Euler Hermes Group

Euler Hermes, the world leader in trade credit insurance, announces a change in its leadership team. Jennifer Baert, previously Global Head of Credit Risk...

Arrow Ireland appoints Chief Operating Officer and Head of Internal Audit

Arrow Global Limited (Arrow Global), a leading European investor and alternative asset manager in credit and real estate, is pleased to announce the...

Nexi and Fipe: strategic agreement to support the relaunch of 300,000 Italian businesses

Nexi, the leading European PayTech, and Fipe, the primary Association representing businesses in the hospitality, tourism and entertainment industry, have...

Creditfix to change the way it works with third party debt packagers firms

Creditfix, the UK’s largest personal insolvency provider, has announced sweeping changes to how it works with third party debt packager firms. The move,...

Gen Z under threat from rising bills – even if they cancel Netflix

Generation Z are far more likely to be living on the edge – only 14% have enough spare cash to be resilient to rising prices – compared to 52% of...

New global survey finds businesses using spreadsheets for cash management twice as likely to have high number of overdue invoices

Sidetrade has today revealed the detrimental impact spreadsheets have on business team’s effectiveness, in “Cash Culture Pulse” 2022. Cash Culture Pulse...

Debt recovery firm reveals over 40% rise in demand for legal services

A leading credit management and debt recovery company says demand for legal services has increased sharply over the past 12months and is showing no sign of...

Pay Trade launches

A revolutionary new tool to protect consumers and the construction industry, Pay Trade celebrates its official launch of its escrow and construction contract...

Alan Wood joins Just as Strategic Account Director

Just. The Enforcement Market Integrator has appointed the industry expert on tackling nuisance and unlawful vehicles, Alan Wood, as a Strategic Account...

PayU Launches a new credit payment solution in Romania on eMAG to Transform Online Shopping Experience

PayU, the leading fintech and online payments provider across high-growth emerging markets, has today announced that a new innovative credit solution developed...

Entrepreneur claims to have settled the UK’s oldest known invoice – in 45 minutes!

A British entrepreneur who recently launched an automated digital platform to collect business debts believes he has settled the country’s oldest invoice –...

Card payments vital for side-hustlers

The side-hustle phenomenon has taken off in the last two years, with recent data highlighted by embedded finance provider YouLend suggesting more than half of...

BNPL refunds for customers: one small step for the FCA

Clearpay, Laybuy and Openpay have agreed to refund borrowers who were charged late payment fees in specific circumstances. All three, plus Klarna, had their...

Insolvencies expected to increase in UK food and beverage sector, warns new report

The UK food and beverages output is forecast to grow by more than 3% in 2022, but the outlook for food producers and processors is less positive according to a...

Following two years of disruption, sales and marketing performance is returning to pre-pandemic levels

As Covid-19 loosens its grip on the business world, the majority of businesses (87%) are reporting that their sales and marketing performance has returned, or...

Industry Trade Body Launches New Online Learning Platform

The Credit Services Association (CSA), the only UK Trade Body for the Debt Collection and Purchase Industry, and approved provider on the Register of...

Sandton deliver £20million funding for administration proceedings

Private equity and special situations institutional investor Sandton Capital Partners (“Sandton”) has supported UK Insolvency Practitioners (IPs) with over...

Insolvency Service punishes 32 bankrupt individuals for gambling

The Insolvency Service punished 32 individuals who went bankrupt as a result of excessive gambling or unnecessarily extravagant spending last year*, says...

Intrum announces collections and recoveries partnership with Sainsbury’s Bank

Credit management group Intrum UK has signed an agreement to manage the collections and recoveries functions for the Sainsbury’s Bank and Argos Financial...

StepChange and OVO Energy announce £2 million package of additional support

StepChange Debt Charity and OVO Energy are delighted to announce a new partnership that will provide a package of support to the charity worth up to £2...

Qualco UK gains Financial Conduct Authority (FCA) authorisation

Qualco UK is pleased to confirm it has received authorisation from the UK’s financial services regulator, the FCA. Although historically there has not been...

It’s a hat-trick of Gold Awards for Lantern

Lantern, one of the UK’s market leading debt purchase and recovery companies focusing particularly on vulnerability, has received its third consecutive...

Open Banking could save SME online retailers over £19,000 a month in transaction fee savings, according to new report

The average SME online retailer could save an estimated £19,000 by reducing transaction fees associated with popular payment providers such as AMEX,...

Skills Minister Alex Burghart MP to open Trade Body Skills Summit as part of 2022 National Apprenticeship Week

Alex Burghart MP, the Parliamentary Under Secretary of State at the Department for Education, will discuss how Government values service-sector apprenticeships...

PKF GM boosts contentious insolvency team with new London director appointment

PKF GM has announced the appointment of Stratford Hamilton. Stratford joins as a director in the London team specialising in contentious insolvency. Stratford...

Catastrophic energy price surge: the people hit hardest

The energy price cap will rise to £1,971 in April, up 54% or £693 (the difference is due to rounding).That’s a record rise in bills. Pre-payment bills will...

Comment on Buy Now Pay Later and Grocery Debt

“With the cost of living at a thirty-year high, financial support for people and families living with debt is more important than ever. BNPL platforms...

Bristow & Sutor confirmed as headline sponsor at awards

The Bristow & Sutor Group has announced they will be the headline sponsor of the maiden CIVEA awards night and dinner, part of the forthcoming annual CIVEA...

Debt Register shortlisted for award

Debt Register, a new payment accelerator platform, has been shortlisted in the Innovation and Technology category of the UK’s leading awards programmes for...

Phoebus Software Limited and Hampshire Trust Bank sign new contract

Phoebus Software Limited (PSL) and Hampshire Trust Bank have renewed their contract which will see the Phoebus solution continue to service the bank’s...

Bankruptcies reach record low in Q4 2021

The number of individuals entering bankruptcy was the lowest since Q4 1987 with only 1,824 bankruptcies occurring in the quarter. This is the seventh quarter...

Annual (2021) insolvency statistics – R3 response

Commenting on the 2021 corporate and personal insolvency statistics for England and Wales, Colin Haig, President of insolvency and restructuring trade body R3...

Digital transformation expert joins forces with Bristow & Sutor

The Bristow & Sutor Group has recently partnered with technology expert Andrew Slade, representing the next step in the company’s ongoing commitment to...

PSR publishes remedies consultation for its card-acquiring market review

The Payment Systems Regulator (PSR) has published its initial remedies consultation for its card-acquiring market review. Every time somebody makes a card...

How omnichannel can help businesses create a seamless customer experience

In a world full of busy consumers where everyone wants everything yesterday, fluid and tailored customer experiences are vital for businesses. In fact,...

You’re not alone – 93% of organisations experience late payments

Nine in ten (93 percent) businesses are currently waiting on late payments from customers, according to new research. For medium sized enterprises with 50 to...

Regulated firms unaware of digital options

New research from anti-money laundering (AML) specialist SmartSearch has found just under a third (28%) ofregulated businesses are unaware of digital AML...

Affinity Waters Keeps Customer Conversations Flowing with Webio Chatbots and Automation

Affinity Water, the largest water-only company in the UK, is taking the plunge and has begun a new digital engagement process by introducing conversational SMS...

Trustfolio acquires TIPTrust and Asperitas to create ‘debt-tech’ collective

A collective of industry experts from across the consumer credit, debt advice, collections, insolvency, and fintech sectors have joined together to launch...

Confirmation of Payee for Bacs is a welcome upgrade, but it could go further

More than 4.5 billion Bacs payments are made in the UK every year, representing roughly 90% of all regular monthly payments via direct debit transactions. But...

Aryza Group signs definitive agreement to acquire Collenda

Aryza Holdings Limited (Aryza) has today announced it is accelerating its European roll-out through the acquisition of Collenda, a leading DACH and Benelux...

Peter Wallwork FCICM appointed Non-Executive Director at Arvato Financial Solutions in the UK

Arvato Financial Solutions are delighted to announce the appointment of Peter Wallwork FCICM as Non-Executive Director. Over the last twenty years, Peter has...

Company insolvencies increase as tough year ahead forecast

Insolvency figures released for December 2021* by the Government’s Insolvency Service showed a 20% increase in corporate insolvencies compared to the same...

FCA’s Forthcoming Consumer Duty

With a press release titled; ‘FCA to introduce new Consumer Duty to drive a fundamental shift in industry mindset’issued on December 7th, the Financial...

Arum has been appointed on to CCS’s Debt Resolution Services framework

Arum has been named as a supplier on Crown Commercial Service’s (CCS) Debt Resolution Services (DRS) framework to provide to provide Fraud, Error and...

R3 responds to December insolvency statistics

Corporate insolvencies fell by 11.4% in December 2021 to a total of 1,486 compared to November’s total of 1,678, and increased by 20.1% compared to December...

Adrian Jones joins ABBYY as Chief Revenue Officer to drive aggressive growth strategy in Intelligent Process Automation market

Intelligent automation and IT sales veteran, Adrian Jones, joins ABBYY as its newly appointed Chief Revenue Officer (CRO). Jones has led large global sales...

Marston Holdings Acquires Vortex IoT Limited To Enhance End-To-End Air Quality And Decarbonisation Offering

Marston Holdings, the UK’s leading provider of integrated, technology-enabled transport solutions, has announced its acquisition of Vortex IoT Limited,...

Rise in CCJs issued against consumers in England & Wales prompts call to action to protect financially vulnerable households in 2022

The number of County Court Judgments (CCJs) issued against consumers in England and Wales in 2021 rose by more than one third compared to 2020, according to...

Late payments increase as Scottish business optimism plunges

A third of Scottish business owners say that late payment increased in the last three months of 2021, according to new research from the Federation of Small...

Clarke Willmott’s debt recovery team gain CICM accreditation

National law firm Clarke Willmott LLP has become the first client-servicing solicitor firm to gain a CICMQ quality accreditation from the Chartered Institute...

PSR launches new strategy setting out key priorities over next five years

The Payment Systems Regulator (PSR) has today published its new strategy, setting out its priorities and what it aims to achieve over the next five years. The...

International survey probes the future of customer service and considers consumer preferences versus contact centre strategies

Having surveyed 2,600 consumers and contact centre professionals in both the UK and USA, research commissioned by PCI Pal® (LON: PCIP), the global cloud...

Half of Brits want urgent help managing their cash, new poll finds

Nearly half of UK adults (44%) want urgent help in managing their own money, according to a new opinion poll highlighting the dire state of the personal...

Paysend Strengthens Americas Operation with Jairo Riveros as Managing Director of the US and LATAM

Paysend, the card-to-card pioneer and international payments platform, today announces the appointment of Jairo Riveros, as managing director of the United...

Access to interbank payment systems continues to grow

The PSR has today published its latest access and governance report, showing trends and developments in interbank payment systems over 2019 and 2020. This...

Payments’ disruptor DigiDoe seals six-figure investment

DigiDoe, the London-based startup which is on a march to revolutionise the world’s outdated payments infrastructure, has secured more than £850,000 from new...

Back2Credit announces relaunch following significant investment

Back2Credit has today announced the launch of their UK consumer debt advice platform, designed to provide individuals with quick access to the financial...

New solution to taking the guesswork out of bad debt provision

Businesses seeking to take the guesswork out of bad debt provision at Financial Year End could benefit from a new free service being provided by Debt Register,...

Just has been appointed on to Crown Commercial Service’s Debt Resolution Services framework

Just, the enforcement market integrator, has been named as a supplier on Crown Commercial Service’s (CCS) Debt Resolution Services (DRS) framework to provide...

Apex Litigation Finance appoint Mark Sands as Head of Insolvency

Litigation funding specialists Apex Litigation Finance have announced the appointment of Mark Sands as Head of Insolvency, where he will be taking overall...

Managing cashflow is key to business survival

It’s now critical that small suppliers get paid within 30 days, says OSBC. The Office of the Small Business Commissioner (OSBC) welcomes the clarity provided...

Commentary: the UK’s late payment ‘crisis’

“This week’s figures from the Federation of Small Businesses (FSB) revealed late payments are continuing to trouble the small business sector which could...

Phoebus Software Limited (PSL) signs servicing contract with Lendco

Phoebus Software Limited (PSL) and Lendco have signed a four-year contract which will see the specialist lender onboard all new mortgage completions onto the...

New November data already shows worrying trends reflecting cost of living – even before Christmas pressures

Today’s Bank of England data for November showed a significant net increase in borrowing on credit cards, which StepChange Debt Charity warns may be an...

BoE comment: Property market remains robust

Following the latest Bank of England statistics which found rates fell and approvals remained steady in November, John Phillips, national operations director,...

Insolvency regulation consultation launch, R3 response

Commenting on the Government’s Future of Insolvency Regulation consultation, which was launched today, Colin Haig, President of insolvency and restructuring...

‘Paying quickly has never been more important’ UK Small Business Commissioner Liz Barclay has a seasonal message for large business finance teams.

Given the number of shoppers I saw out and about over the weekend, the bumper pre-Christmas spending spree shops, restaurants and pubs were hoping for won’t...

Arvato Financial Solutions collect consumer-oriented debt collection services award

Arvato Financial Solutions has been honoured by Credit Strategy for its consumer-focused debt collection. The award centres on an outsourcing project in which...

Predictions: Pressure mounts on banks to exceed customer demand in evolving industry

Looking ahead at how customer expectations of financial services are likely to change in 2022 and what this means for banks. 1 – Creating a Unified...

New solution to taking the guesswork out of bad debt provision

Businesses seeking to take the guesswork out of bad debt provision at Financial Year End could benefit from a new free service being provided by Debt Register,...

Company insolvencies surge by 88% with numbers higher than pre pandemic levels

Insolvency figures released on Friday for November 2021* by the Government’s Insolvency Service showed an 88% increase in corporate insolvencies compared to...

A quarter of families need to borrow to survive this winter as inflation pushes parents into debt

UK families face being pushed into debt over the next few months with over a quarter (27%) of people with dependents saying they’ll need to borrow to survive...

R3 responds to November 2021 insolvency stats

Corporate insolvencies rose by 18.7% in November 2021 to a total of 1,674 compared to October 2021’s total of 1,410, and increased by 87.9% compared to...

Local authorities embrace PayPoint’s ‘Cash Out’ to ease the financial burden of Christmas for residents

Liverpool and Warwickshire Councils are the latest to join 96 local authorities and housing organisations across the UK in providing convenient and immediate...

Yolt and The Digital DRA partner to strengthen the next-generation approach to debt resolution

Yolt, Europe’s leading open banking provider, has announced a strategic partnership with The Digital Debt Resolution Agency (The Digital DRA) to harness open...

Navigating Through A2A Payments: Impact on Customer’s Journey, Card-Saturated Payments Market, and Future of PSPs

Account-to-account (A2A) payments are an evolution of the ever-changing payments landscape. The solution enables to cut out third parties and transfer payments...

Paylink Solutions appoints Head of Development to enhance fintech innovation

Fintech Paylink Solutions has hired Crispin Neads as Head of Development to drive product development and enhance its digital affordability applications for...

Paradigm promote Hunt to Relationship Manager

Paradigm Mortgage Services, the mortgage services proposition, has today announced the promotion of Tom Hunt to the role of Relationship Manager. Tom will be...

Payment Systems Regulator publishes its regulatory framework for the New Payments Architecture (NPA)

Today the Payment Systems Regulator (PSR) publishes its regulatory framework for the renewal of the UK’s interbank payments infrastructure that allows...

ABN AMRO and receeve cement strategic partnership for collections & recovery with €4m venture investment

receeve, the innovation leader in collections & recovery technology, is proud to announce our newest customer, ABN AMRO, the third-largest bank in the...

PayU to be a pioneer of payments routing and approval technology with patent

PayU, the fintech and e-payments business of Prosus, has today announced that its patent for technology, which will improve payments routing and approval, has...

Flexible digital donations will lead to increased and more spontaneous charitable giving

Charity donations would increase over time if people had access to digital solutions that enabled them to easily dial-up or dial-down their regular donation to...

Welcome action on ‘misleading’ and ‘irresponsible’ debt advice adverts

The Money Advice Trust, the charity that runs National Debtline, has welcomed today’s action from the Advertising Standards Authority (ASA), to uphold...

Elavon selects Liberis to offer financing solution

Global payments company, Elavon, has partnered with Liberis, a global leader in providing embedded finance solutions, to offer funding for...

New consumer duty proposals are a game changer, says StepChange

StepChange Debt Charity is pleased to see the Financial Conduct Authority taking a strong next step towards a much needed Consumer Duty for the financial...

New Consumer Duty “will benefit consumers and firms alike”

The Money Advice Trust has welcomed the FCA’s plans for a new Consumer Duty that are intended to ensure a more consistent standard of consumer protection in...

Fintech Veteran Mike Dugand Joins Just

Just, the enforcement market integrator has appointed FinTech veteran Mike Dugand as Chief Technology Officer (CTO). Dugand will take his seat on the board of...

PSR outlines its proposal to ensure widespread coverage of Confirmation of Payee

Today, the PSR sets out its proposal to ensure the industry remains on track with establishing a single Confirmation of Payee (CoP) system. This will...

Payment practices hold steady in Eastern Europe

The Atradius Payment Practices Barometer Survey Results for Eastern Europe paint a promising picture of businesses that have maintained the status-quo, despite...

Encore Announces Findings of Economic Freedom Study

Encore Capital Group, Inc an international specialty finance company, today announced the findings of its Economic Freedom Study. The survey asked 2,600 people...

Legal Consortium Guarantees to Recover Unpaid or Pay Full Invoice Value

A new service that offers fast, risk-free payment of undisputed unpaid business invoices has been launched by Caresso Law. Under the new scheme, the company...

VibePay CEO: 90-day rule change by the FCA is crucial for UK fintech

Commenting on the FCA’s move to change the 90-day rule, meaning from 26 March 2022, banks should only authenticate for the first access request of an account...

Officially 50,000 face Catch 22 of being a mortgage prisoner: real figure could be double

Borrowers with inactive firms are far more likely to be mortgage prisoners: there are 195,000 of them. Of these, 66,000 may be able to switch, and 30,000...

UK consumers struggle with financial literacy in the wake of Covid-19

UK consumers are failing to measure up when it comes to understanding their finances, according to a survey of 24,000 European consumers by credit management...

Bristow & Sutor achieves flawless industry audit

The Midlands-based enforcement specialist was recently audited by the Civil Enforcement Association (CIVEA), scoring an impressive 100% in the process. CIVEA...

Yooz Earns Great Place to Work Certification

Yooz, the purchase-to-pay automation provider, is proud to be Certified™ by Great Place to Work® – the prestigious award based entirely on what...

Arrow Global launches new corporate restructuring business in Portugal

Arrow Global, a leading European investor and alternative asset manager in credit and real estate, today announces the creation of a dedicated corporate...

Appetite for credit insurance grows in Western Europe

Trade credit insurer Atradius has published 2021’s annual Payment Practices Barometer Survey Results for Western Europe. Denmark had the highest percentage...

Four Payments Industry Predictions – What Will Disrupt the Market in 2022?

Having dealt with the initial pandemic aftershock, this year the key areas of focus for businesses were building economic resilience and improving customer...

Azzurro Associates is first of its kind to become a registered firm with the LSB

The Lending Standards Board (LSB) has announced that commercial debt solutions provider, Azzurro Associates (Azzurro), has become a registered firm with the...

Invu announce they are now part of the Agilico Group

Invu Services Limited, the Document Management, Accounts Payable and Purchasing solutions provider, is today announcing it has become a member of the Agilico...

PayPlan announces new partnership with Plain Numbers to tackle low numeracy levels

Leading free debt advice provider PayPlan has joined forces with Plain Numbers, an organisation dedicated to helping firms support their customers who struggle...

Moneyhub partners with Expense Once for Open Banking-enabled card payment reconciliation

Moneyhub, the market-leading Open Finance data, intelligence and payments platform, is partnering with expense management software provider Expense Once to...

Ecospend appoints Sarah Lambert as Head of Solutions

Ecospend, a leading UK provider of Open Banking APIs, has today announced the appointment of Sarah Lambert as Head of Solutions. Sarah will be working with the...

BuildLoan joins panel of finova Payment & Mortgage Services

The panel at finova Payment & Mortgage Services has been enhanced with the addition of BuildLoan, the UK’s largest self and custom build mortgage...

Award win for Scottish insolvency specialist

Tim Cooper, Chair of insolvency and restructuring trade body R3 in Scotland and a Partner at Addleshaw Goddard in Edinburgh, has won the Association’s R3...

Credit card transactions drop 18%

Yesterday Amazon announced it would stop accepting credit card payments from January and research by leading UK Buy Now Pay Later (BNPL) platform, Butter, has...

Sidetrade wins Shared Services Credit Team of the Year at Irish Credit Team Awards 2021

Sidetrade, an Artificial Intelligence platform dedicated to accelerating revenue and cashflow for businesses, has won “Shared Services Credit Team of the...

PSR sets out plans to fight APP scams

Today, the Payment Systems Regulator sets out its latest plans to fight fraud and protect victims of APP scams. Every year thousands of individuals and...

StepChange strongly supports debt packer firm referral fee ban proposal from FCA

StepChange Debt Charity wholeheartedly supports and welcomes the Financial Conduct Authority’s proposals today to ban debt packaging firms from accepting...

FCA to ban referral fees for debt packagers, effectively shutting down the market

Out of the 1.7m people who receive debt advice each year, around 54,000 start with a debt packager. These companies make 90% of their income by referring...

Specialist Finance Centre launches SFC Scotland

Specialist Finance Centre (SFC), the second charge and specialist finance packager, has announced the launch of its proposition into Scotland as it continues...

Cash flow pressures drives over 60% rise in insolvencies

Insolvency figures released today for October 2021* by the Government’s Insolvency Service show a 63% increase in corporate insolvencies compared to the same...

Fintech helps SMEs combat overdues for free

Small businesses are being given free access to a new digital payment platform to help them get outstanding debts paid more quickly. Debt Register is giving...

R3 responds to October 2021 insolvency figures

Corporate insolvencies fell by 3.0% in October to a total of 1,405 compared to September’s total of 1,449, and increased by 63.6% compared to October...

F4B Network introduces free admin support package

The F4B Network has introduced a free admin support package for its ARs. The aim of this initiative is to allow ARs to dedicate a greater proportion of their...

Late payments by UK retailers at highest-recorded levels

Sidetrade has today revealed that the proportion of invoices left unpaid by UK retail companies in October 2021 hit an all-time high since records began, and...

Aryza announces investment

Pollen Street Capital has agreed a sale of Aryza Holdings Limited. (Aryza, or the Company) to Atlas Bidco 1 Limited – a company owned by Macquarie...

StepChange comments on new landlord possession statistics

Today’s Ministry of Justice data show numbers of landlord court actions and orders remain supressed since March 2020, with a significant increase in the...

Lowell Third Quarter Results 2021

Lowell, a European leader in credit management services, today announces its results for the 3 months ended 30 September 2021. Commenting on today’s...

Nucleus Commercial Finance celebrates 10 years

Nucleus Commercial Finance, the fintech revolutionising how UK SMEs access finance, celebrates its 10 year anniversary, following a year in which the lender...

Bristow & Sutor win industry award for Webio partnership

The Midlands-based enforcement specialist was nominated for three categories at the Credit & Collections Technology Awards, held at the Midland Hotel in...

Sidetrade strengthens position in electronic exchanges by becoming certified Peppol Access Point

Sidetrade (Euronext Growth: ALBFR.PA), an AI-powered Order-to-Cash platform dedicated to accelerating revenue and cash flow, has become a certified Access...

United Trust Bank appoints Astrid Michael as Asset Finance Head of Sales

United Trust Bank (UTB) has appointed Astrid Michael as its new Head of Sales for its Asset Finance division following the retirement of Keith Sangwin earlier...

Over half of UK credit providers to implement open banking in 2021

55 per cent of lenders plan to adopt open banking this year with 93 per cent of those businesses expect to adopt the data-sharing initiative in the next 12...

Tall cheque-writing service mails its 10 millionth cheque

A cheque-writing service that helps ease the payment processing burden for companies across the UK, especially during the COVID-19 pandemic, has now issued its...

EQ wins contract to administer help to buy equity loan

EQ Credit Services will partner with Homes England on five-year deal supporting Help to Buy customers. Following a competitive tender process EQ Credit...

Cashflows partners with BigCommerce to support post-Covid eCommerce boom

Cashflows, the platform that makes it easy for merchants to accept payments, has, today, announced a partnership with digital commerce platform, BigCommerce, a...

Thornbury Collections announces worldwide partnership

Thornbury Collections are delighted to announce that through its worldwide partnership with GCS Credit Community, they have been chosen to collect Circa 30,000...

Overdue invoices costing 75% of business time new survey shows

Businesses and accounts departments are spending too much time chasing overdue debts when that time would be better spent in advising their sales teams on who...

Quarterly company insolvencies show 17% increase with tough times ahead forecast

Quarterly insolvency statistics released last Friday for Q3 2021* show that the number of company insolvencies was 17% higher than in Q2 2021 and 43% higher...

Realty Law strengthens leadership team with new senior hire

A Birmingham-based law firm specialising in commercial property debt collection, has announced the appointment of one of the region’s leading property...

Riveron and HighRadius Form New Alliance to Modernize Finance Processes

HighRadius, the Artificial Intelligence-powered Order to Cash and Treasury Management software leader, announces a new partnership with Riveron. In becoming an...

Enforcement firm announces partnership with The Money Charity

The Bristow & Sutor Group has signed a charity partner agreement that will see the Midlands-based company provide support, volunteering and annual...

Household finances under strain again post-pandemic as credit use and social benefits on the rise, shows Lowell’s Financial Vulnerability Index

As the UK continues to assess the impact of the pandemic on household finances, the latest update to Lowell and Urban Institute’s UK Financial Vulnerability...

New digital debt resolution agency launched to provide new approach for those struggling in debt

A new debt resolution agency, The Digital DRA, has been launched to help consumers struggling with mounting debt levels brought about by the pandemic....

Bankruptcies at record low in Q3 2021

The number of individuals entering bankruptcy has hit a record 22-year low with only 1,938 bankruptcies occurring in the quarter. At the same time, the number...

R3 responds to the Q3 2021 insolvency statistics

There were 3,765 seasonally adjusted corporate insolvencies in Q3 2021, an increase of 16.7% compared to Q2 2021’s figures of 3,226 and a rise of 43.5%...

Energy sector job seekers should consider debt careers say Credit Style

Credit Style, part of the Bristow & Sutor Group, says energy sector workers who have lost their jobs recently should consider changing career paths,...

Nemesysco Appoints New Chief Operating Officer to its Service Centre in South Africa

Nemesysco, a leading provider of voice analytics technologies and solutions for genuine emotion detection, today announced that Lelani Rautenbach has been...

40% of businesses still using spreadsheers for finance function

Research into UK SME finance and accounting departments has exposed the sheer lack of digital tools currently used, with just one in five (20%) having adopted...

Why late payments are hurting your customer, as well as your business

It is a well-known fact that small is powerful, especially when it comes to business. In the UK today, companies with between 0 – 49 employees make up...

Kingsway Finance accredited under Recovery Loan Scheme

The Praetura Group are pleased to announce that Kingsway Finance has been accredited as a new lender for the Recovery Loan Scheme (RLS) by the British Business...

Metro Bank goes live with Qualco UK’s ExtraCollect recoveries platform

Metro Bank, one of the country’s leading community banks, has selected Qualco UK as its collections and recoveries (C&R) partner following a lengthy...

Ampla Finance makes two new senior hires

Ampla Finance, the legal finance provider, has today announced the appointment of Natalie Player and Deborah Ward, both qualified lawyers, as Commercial...

Lantern agrees to acquire vulnerable customer management company Sonex Financial

Lantern, the Leeds-based leading player in the speciality finance debt purchase market, has agreed terms to acquire Sonex Financial, as it continues to deepen...

StepChange responds to new £65m support for rent arrears

StepChange Debt Charity, which has been urging the Government through its Covid Debt Rescue campaign for additional support to help tenants who face a £360m...

Contact centre homeworking specialist Sensée launches ‘The Sensée Forest’ with aim of achieving carbon neutrality

Home and hybrid working specialist Sensée has announced a three-year partnership with Treedom, a global web platform for planting trees and forests worldwide....

PSR sets out plans for fraud prevention tool, Confirmation of Payee, to be available to more customers

Today, the Payment Systems Regulator sets out its latest plans to fight fraud and protect victims of APP scams by outlining its next steps for the wider...

England and Wales Q3 2021 Statistics

County Court Judgments (CCJs) against businesses in England and Wales rose by 70 percent in Q3 2021, compared to the same quarter in 2020, according to figures...

PKF to create 50 jobs in Leeds with new Financial Services team

New Partner hire signals major investment in region’s booming finance sector. PKF, one of the UK’s largest and most successful accountancy brands, has...

Debtors to save millions of pounds as the Ministry of Justice clarifies the legal position for charging VAT

The Ministry of Justice (MoJ) has issued legislative guidance confirming that where creditors are registered for VAT, the debtor should not be charged an...

Equilaw brings in new MD

Equity release law firm Equilaw has appointed Max Hayden as the new Managing Director just in time for a major launch of new technology, while Claire Barker,...

Company insolvencies surge by over 50% as leading insolvency professional predicts a challenging winter ahead

Insolvency figures released today for September 2021* by the Government’s Insolvency Service show a 56% increase in corporate insolvencies compared to the...

R3 responds to September 2021 insolvency figures

Corporate insolvencies increased by 7.2% in September 2021 to a total of 1,446 compared to August’s figure of 1,349, and increased by 55.8% compared to...

High Court Enforcement Officers Association welcomes VAT on fees clarity from Ministry of Justice

The High Court Enforcement Officers Association (HCEOA) has welcomed this week’s publication of a new Ministry of Justice guidance document entitled VAT on...

Phillips & Cohen Associates hires Shawn Farris as SVP, digital operations

Phillips & Cohen Associates, Ltd. (PCA), is the global leader in deceased account care servicing and technology solutions. The death tech conglomerate...

Clarke Willmott’s debt recovery team ranked in Legal 500 Guide

National law firm Clarke Willmott LLP’s Debt Recovery team has been recognised in the 2022 Legal 500 guide, which ranks the best law firms and solicitors in...

£100 contactless limit implementation tomorrow: consumer choice should come first – comment

With the contactless payment limit increasing from £45 to £100 tomorrow, Friday 15 October, Matt Phillips, VP, Head of Financial Services at Diebold Nixdorf...

PayPoint to offer greater convenience to local shoppers

The digital gift card and voucher market is reported to have grown in the UK by almost £1 billion, now estimated to be worth £6.9 billion1. Recognising...

International Collections Handbook launched

Facing foreign payment practices and foreign legal frameworks is one of the main challenges of collecting debts abroad. Now multinationals can use the...

DNB Bank ASA Selects Fenergo to Streamline Group-Wide KYC and Client Onboarding

Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today...

Shoosmiths continues Belfast growth strategy

Leading UK law firm Shoosmiths continues its ambitious growth plans in Northern Ireland, appointing corporate lawyer Andrew Jennings as partner. Andrew is dual...

Late payments leave small business owners paying themselves late or not at all

Late payments are threatening the survival of small businesses across the UK, according to findings from new QR-code payment and invoicing app, tomato pay....

Do your bit for the environment with sustainable invoice processing

Grant Associates, renowned for its award-winning landscape architecture practice across the globe, has redesigned its invoice processing removing the need to...

Redundancies fall and jobs and vacancies rise, but we’re not out of the woods just yet

The number of employees was up 207,000 to a record 29.2 million in September, back above pre-pandemic levels. The redundancy rate fell to 3.6 per thousand in...

UK business failures set to increase by 32% by end of 2022

The UK is set for a significant rise in business failures as firms readjust to life without government COVID-19 pandemic support measures, according to Euler...

Flexys Solutions to replace Tallyman at First Response Finance

Flexys Solutions is pleased to announce First Response Finance as its fourth motor finance client. First Response, part of the Itochu group, will be migrating...

Debt body warns of danger on inaccurate data in fallout from utilities failures

The Credit Services Association (CSA), the UK trade association for organisations active in the debt collection and purchase industry, has written to OFGEM to...

Spending squeeze and Universal Credit cut will plunge people into financial hardship: FCA

Nisha Arora, the FCA’s director of consumer and retail policy, gave a speech at the Westminster Business Forum, on debt regulation: Regulating for better...

Apex Litigation Finance to appoint Mark Sands as Head of Insolvency

Litigation funding specialists Apex Litigation Finance have announced the upcoming appointment of Mark Sands as Head of Insolvency. Mark will join the firm in...

UK business failures forecast to spike at 33%

UK business insolvencies are set to rise 33% on pre-pandemic levels, reveals new economic research by trade credit insurer Atradius. Contrary to initial...

Late payments by UK companies at highest rate since March

Sidetrade, an AI-powered Order-to-Cash platform, has today revealed that the proportion of invoices left unpaid** by UK businesses rose for the first time in...

Sale of the assets of Kuhnel Graphics Ltd (in administration) to Zebra Print

James Sleight and Oliver Collinge of PKF GM were appointed as Joint Administrators of Kuhnel Graphics Limited on 14 September 2021. Today (5 October 2021),...

AnaCap completes two performing loan investments in Spain with a face value of €200mn

AnaCap Financial Partners (“AnaCap”), a leading specialist mid-market investor announces the successful closure of two performing loan transactions in...

Changes to winding up petitions – legal commentary on impact to creditors

“Since June 2020, creditors and debtors alike have had to contend with fluctuating rules around the use of statutory demands and winding up petitions. It’s...

HighRadius Autonomous Software Awarded Patent for its AI-Powered Call Intent Generation Technology

HighRadius, the Artificial Intelligence-powered Order to Cash and Treasury Management software leader, has been awarded an exclusive patent by the United...

Another 230,000 people set for horrible spike in energy bills as three more suppliers fail

Ofgem has announced that three more energy suppliers have gone to the wall: Enstroga, Igloo Energy and Symbio Energy. Sarah Coles, personal finance analyst...

Intrum expands team as it re-enters DCA market in the UK

Intrum has appointed Emma Hardy as Business Development Manager, as the company returns to the contingency collections market in the UK. The credit management...

Hodge strengthens its business development team in the North with appointment of new National Account Manager

Hodge has appointed Andrea Roberts as its national account manager for the North. With more than 25 years’ experience in the financial services sector, both...

Sensée recognised for Colleague Engagement at the 2021 UK National Contact Centre Awards

Work-from-home and hybrid workspace specialist Sensée has won the Gold award for “Most Effective Colleague Engagement” at the 2021 UK National Contact...

Bank ABC Goes Live with Fenergo’s Cloud Native Solution to Digitalise Corporate and Institutional Client Onboarding

Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, announces...

Intrum returns to DCA market in the UK

Credit management group Intrum has returned to the contingency collections market in the UK. The company now offers a full UK debt collection service, allowing...

Furlough figures refuse to budge – over 1 million still vulnerable

In late August, 6% of the workforce was estimated to be on full or partial furlough. That’s between 1.3 million and 1.7 million people. At the end of July...

Divi Expands Leadership Team with Duo of High Profile Appointments

Decentralized Payment Ecosystem Divi Project (Divi), has announced two new senior appointments and a promotion to accelerate its tech innovation, drive its...

PayU partners with AU10TIX to streamline merchant onboarding 

PayU, the payments and fintech business of Prosus, today announces its collaboration with AU10TIX, an identity management company, to screen customers and...

Hoist Finance and Vilja are now live in the UK with Deposit

As of July 12th, the leading financial services provider Hoist Finance is live with Vilja Deposit in the UK and extends its offering to include deposit in...

Rent arrears up by £88 million during pandemic waves, hitting a total of £365 million

The latest research by Birmingham estate and lettings agent, Barrows and Forrester, examines the true impact of the COVID-19 pandemic on landlords due to rent...

Check-it, Chase-it, Collect-it: Know-it launches new standard for credit management

Glasgow-based fintech start-up, Know-it, has today launched its beta cloud-based credit management platform. Founded by Lynne Darcey Quigley, the Know-it...

EQ Credit Services welcomes new Managing Director

EQ Credit Services (EQCS), the consumer credit technology and outsourced services provider, has appointed Sarah Jackson as its new Managing Director. Sarah...

Property transactions comment: “Desire to move remains strong”

Following the latest HMRC figures finding that housing transactions bounced back sharply from July to August, John Phillips, national operations direction at...

Company insolvencies surge by 70% as Government support tails off

Insolvency figures released today for August 2021* by the Government’s Insolvency Service show a 71% increase in corporate insolvencies compared to the same...

SmartSearch appoints new general counsel

Leading UK anti-money laundering specialist SmartSearch has appointed a new in-house general counsel to provide expert guidance on legal issues affecting the...

R3 responds to August 2021 insolvency figures

Corporate insolvencies increased by 22.9% to 1,348 in August 2021 compared to July’s figure of 1,097, and increased by 71.1% compared to August 2020’s...

A year to evict and £35k in costs – the cost of evicting a COVID rogue tenant revealed

The latest property market analysis by London lettings and estate agent, Benham and Reeves, has revealed that the costs incurred by UK landlords who have been...

Kroll appointed Joint Administrators to Artisan H1 Limited, The Ainscow Hotel Limited, Greyday LLP, and Artisan Group Facilities Management Limited

Jimmy Saunders and Andrew Knowles, both of Kroll Advisory Ltd., were appointed Joint Administrators of Artisan H1 Limited, The Ainscow Hotel Limited, Greyday...

Bristow & Sutor donate to The Money Charity

The Midlands-based enforcement specialist has pledged £15,000 to the charity, which will have a direct impact on around 500 people. Half of this donation is...

Solicitors urged to respond to frozen asset list if needed

Solicitors have just over month to check the latest HM Treasury Consolidated List of asset freeze targets to make sure they are not holding monies belonging to...

Paysafe appoints Zak Cutler to lead its North America iGaming business

Paysafe (NYSE:PSFE), a leading specialized payments platform, today announced it has appointed seasoned iGaming executive, Zak Cutler, as CEO, North America...

Seaglass Cloud Technology upgrades Deal Billing platform for fairer, more transparent billing

Seaglass Cloud Technology, an end-to-end, software-as-a-service (SaaS) provider to the energy sector, has launched a smart Deal Billing upgrade to its flexible...

‘15% of UK SMEs at risk of insolvency’

As many as 15% of the UK’s SMEs are rated ‘fragile’ and risk insolvency during the next four years as Covid-19 state support schemes are withdrawn,...

APPG on Fair Business Banking’s insolvency report, R3 response

Duncan Swift, Past President of insolvency and restructuring trade body R3, responds to the publication of the All Party Parliamentary Group on Fair Business...

Credit and cashflow expert joins fintech start-up to help businesses get paid

Philip King, the former Interim Small Business Commissioner (SBC) and acknowledged expert in the world of credit and cashflow management, has joined Debt...

Bank backing helps developer complete luxury lakeside scheme

Essex House Builder Marden Homes Limited has secured a £17 million loan from Shawbrook Bank to help complete a unique, luxury lakeside scheme at The Channels...

Check-it, Chase-it, Collect-it: Know-it launches new standard for credit management

Know-it, a Scottish fintech start-up, has today launched its beta cloud-based credit management platform. Founded by Lynne Darcey Quigley, the new platform...

Environmental tree planting project helps Sigma celebrate new staff

A unique partnership has seen a forest of 1,000 trees being planted to celebrate new staff joining an award-winning business outsourcing provider. Sigma...

R3 responds to end of temporary insolvency measures announcement

Christina Fitzgerald, Vice President at insolvency and restructuring trade body R3, comments on the Government’s decision to lift its temporary insolvency...

Ophelos deploys Open Banking to transform the collections process for individuals struggling with debt

Ophelos, the customer-centric debt management platform, has chosen Open Banking credit reference agency, Credit Kudos, as its Open Banking partner to ensure...

Sopra Banking Software invests in Sopra Financing Platform with the launch of the New Freehand Connect API

Sopra Banking Software, a global leader in banking and specialised financing software, is proud to announce that its Sopra Financing Platform (SFP) pricing...

Vinepay offers voice activated payments

VibePay, the company powering the next evolution of payments through Open Banking, has become the first to offer account to account voice activated payments in...

Phoebus Software Limited (PSL) partners with Webio

Phoebus Software Limited (PSL) has selected Webio as its partner to supply multi-channel customer social media communication for PSL’s clients. This...

Fitch Rates Hoist Finance among the best in Europe for customer engagement

Fitch Ratings has assigned Hoist Finance UK Limited (HFUK) an Asset-Backed Special Servicer Rating of ABSS2+, confirming HFUK’s leading position as a trusted...

PayPlan welcomes new council tax arrears guidance, but also calls for further reform

Free debt advice provider, PayPlan, welcomes new Government guidance which asks local authorities to improve the way they collect council tax arrears and have...

End of furlough scheme set to spark debt nightmares: UK Finance

UK Finance has published its household finance review for Q2. Sarah Coles, personal finance analyst, Hargreaves Lansdown: “Hundreds of thousands of people...

Half of UK’s smaller businesses are owed £17.5 billion in late payments

A detailed analysis of how the UK’s small businesses were impacted by COVID-19 and other economic challenges in 2020 has been published in a joint study by...

Fintech start-up that gets you paid faster

A new start-up fintech launched by a former credit industry professional aims to get businesses paid within seven days, resolving the long-standing issue of...

New survey and report shows court users calling for greater freedom of choice after huge County Court delays

A new survey of court users has found that almost 99% support a greater freedom of choice – enabling them to use a High Court enforcement route – when...

HighRadius Announces Advisory Council for Highako Academy

HighRadius, the Artificial Intelligence-powered Order to Cash and Treasury Management software leader, announced the appointment of an Advisory Council for...

Just the enforcement market integrator begins process to become a B Corporation

Just the enforcement market integrator has begun the application process to become a certified B Corporation. Certified B Corporations are a new kind of...

Many businesses failing to focus on cashflow, survey finds

New research has shown that just 14% of UK Finance decision-makers focused on cash flow during the most recent Covid-19 lockdown. The majority of businesses...

More recruitment to fuel growth at Apex Litigation Finance

Recruitment is once again high on the agenda at Apex Litigation Finance as the company continues to fuel its growth strategy. The company is continuing its...

Use final month of furlough to plan for the future, R3 urges businesses

Insolvency and restructuring trade body R3 is urging directors of Covid-hit businesses to use the final month of the Government’s furlough scheme to plan for...

The importance of providing the human touch in the customer service experience

With 54% of people saying that they have higher customer service expectations than they did just one year ago, providing the best customer service experience...

New survey and report shows court users calling for greater freedom of choice after huge County Court delays

A new survey of court users has found that almost 99% support a greater freedom of choice – enabling them to use a High Court enforcement route – when...

Money Advice Trust welcomes new government debt management vulnerability toolkit

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the Cabinet Office’s Debt Management Vulnerability...

Fitch Rates Hoist Finance among the best in Europe for customer engagement

Fitch Ratings has assigned Hoist Finance UK Limited (HFUK) an Asset-Backed Special Servicer Rating of ABSS2+, confirming HFUK’s leading position as a trusted...

Comment on HMRC property transactions

“It was to be expected that housing transactions would be lower in July but 62% is quite a drop. Having said that, June was a record month as the...

Comment on the HMRC property transactions for July from Adam Oldfield at Phoebus Software

Following the property transactions from HMRC this morning, Adam Oldfield, head of sales and account management at Phoebus Software, says “As expected the...

Company insolvencies rise as Government support tails off

Insolvency figures released last week for July 2021* by the Government’s Insolvency Service show a 13% increase in corporate insolvencies compared to the...

Expanding secured loan specialist The Personal Finance Centre (TPFC) teams up with Nivo to streamline and accelerate customer journeys

Hull based secured loan specialist The Personal Finance Centre have chosen Fintech innovators Nivo to implement their app based application process and...

Inaugural CSA awards recognise individual and team achievement

The inaugural Credit Services Association (CSA) Awards will take place after the UK Credit & Collections Conference (UKCCC) in Newcastle on the 9...

HighRadius Named to 2021 Forbes Cloud 100 List for the Second Straight Year

HighRadius, the Artificial Intelligence-powered Order to Cash and Treasury Management software leader, has been named to the Forbes 2021 Cloud 100, the...

Tesco Bank and Arrow Global announce partnership to support customers in financial difficulty

Tesco Bank has announced plans to transfer its collections and recoveries operations (Financial Assist) within its Customer Service division to Arrow Global, a...

July 2021 monthly insolvency statistics, R3 response

Corporate insolvencies fell by 9.3% to 1,094 in July 2021 compared to June’s figure of 1,206, and increased by 13.4% compared to July 2020’s figure of...

PayU and Red Dot Payment expand merchants’ access to South East Asia through Visa and Mastercard acquiring licenses

PayU, the payments and fintech business of Prosus, today announces that its controlled company Red Dot Payment, a South East Asia focused online payment...

Users of enforcement services to have their say on the proposed enforcement conduct authority

Just the enforcement market integrator has set up a series of user meetings allowing users of enforcement/bailiff services to comment on the recent proposal...

Job vacancies hit record high, but job hunters may still struggle

There were 953,000 job vacancies in May-July 2021 – 290,000 above the April-June rate, and 168,000 more than its pre-pandemic level in January-March 2020....

Confusing Data Clouding The Collections Task

The latest data from MoneyCharity.org shows that in Quarter 1 2021 lenders wrote off £1,042 million, of which £355 million was credit card debt. These...

Credit Style announce intern partnership with Sheffield Hallam University

Credit Style, one of the UK’s leading players in debt recovery, has launched a new internship programme in collaboration with Sheffield Hallam University,...

PCI Pal and Puzzel secure telephone payments for GC Business Finance

PCI Pal – the global cloud provider of secure payment solutions for business communications – has supported GC Business Finance in ensuring that all...

Collections body considers impact of decriminalising TV Licensing for future BBC revenues

Policy makers need to think carefully before decriminalising TV Licensing, and consider the fundamental impact it may have on future fee collections....

Bristow & Sutor expand communication channels and resources

The midlands-based enforcement firm launched its ‘Leading the Way’ blog last year as a platform for staff to discuss industry topics, but has seen this...

Bristow & Sutor support first clean air zones outside of London

Bristow & Sutor, one of the UK’s leading players specialising in debt recovery, has extended its debt recovery support of Bath and North East Somerset...

Flexys Solutions appoints Chief Revenue Officer

Flexys Solutions is pleased to announce the appointment of Ahmed Amin to the role of Chief Revenue Officer. Following the recent appointments of Elizabeth...

Paysafe and ARC partner to deliver innovative payments solution for airlines

Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced a new payments ‘safeguarding’ acquiring model for airlines in the U.S. and a...

Pre-Pack Administrations in a Post-Pandemic World

Ever since the administration process became the key business rescue process over two decades ago, the pre-pack administration has suffered a tarnished...

Laserfiche launches business process automation package to support organisations’ post-pandemic digital reopening

Laserfiche — the leading SaaS provider of intelligent content management and business process automation — has today announced the introduction of a...

Prompt payment improvements “never more important”

Following the latest Build UK figures that found nearly a third of major contractors are paying faster than 30 days, Mark Beard, chairman at Beard Construction...

Sigma Connected grows leadership team through energy expert appointment

An award-winning business outsourcing provider has announced the appointment of a new director who will support the firm’s new and existing clients in the...

Lowell Second Quarter Results 2021

Lowell, a European leader in credit management services, today announces its results for the 3 months ended 30 June 2021. Commenting on today’s announcement...

Q2 2021 England and Wales insolvency statistics, R3 response

There were 3,116 seasonally adjusted corporate insolvencies in Q2 2021, an increase of 31.4% compared to Q1 2021’s figures of 2,371 and a rise of 4%...

Bankruptcies at record low in Q2 2021

The number of individuals entering a personal insolvency procedure has reduced by approximately four per cent compared with the previous quarter, which itself...

Payment Systems Regulator sets out decisions for reducing risks to the successful renewal of the UK’s interbank payments infrastructure

The successful renewal of the UK’s interbank payments infrastructure will benefit people and businesses but risks to its successful delivery need to be...

PayU partners with Visa to enable push payments for businesses in Europe

PayU, an online payment service provider for emerging markets operating on four continents, announced that it will enable push payments in partnership with...

High Court Enforcement Officers Association supports the creation of a new enforcement oversight body

The High Court Enforcement Officers Association is backing the creation of a new enforcement oversight body proposed by the Centre for Social Justice (CSJ). In...

Q2 and Half Year 2021 Northern Ireland statistics

The number of debt judgments registered against Northern Ireland consumers in the first half of 2021 (H1 2021) was 1,678, a fall of nearly 12 percent from the...

England and Wales business Q2 and Half Year 1 2021 statistics

County Court Judgments (CCJs) registered against businesses England and Wales fell by 24 percent in the second half of 2021 (H1 2021), compared to the same...

£9.2bn of new debt taken on in past 6 months with 25-39s struggling the most

In their new quarterly update of the Health Wealth & Happiness Study, LifeSearch have found that 14% of Brits have taken out new debt (8% short term...

PayPlan supports calls for bailiff reform and enforcement review

Free debt advice provider, PayPlan, has welcomed calls for bailiff reform as part of new proposals to raise standards across the enforcement industry. PayPlan...

Document management automation software opening new doors for finance efficiency

Housing association Coastline Housing has rebuilt its Accounts Payable process, digitising the processing of over 24,000 invoices each year. The distributed,...

Bailiffs and charities join forces to fight post-pandemic ‘tidal wave’ of debt

Bold plans to strengthen protections for households facing a post-pandemic tidal wave of debt have been brokered by a leading think-tank. In a ground-breaking...

Credit Services Association urges policy-makers to back tailored forbearance

A leading trade association is urging policy-makers to take extra care before prescribing detailed forbearance schemes that could make a customer’s debt...

Company insolvencies surge as businesses urged to take action early

Insolvency figures recently released for June 2021 by the Government’s Insolvency Service show a 63% increase in corporate insolvencies compared to the same...

UK crying out for financial help even as lockdown restrictions lift

Creditspring, the subscription loan provider, reveals that it is signing up over 2,000 new members per month for its Stability Hub service, and has seen an 82%...

Phillips & Cohen Associates, Ltd. celebrates the launch of their proprietary data management platform

After years of behind-the-scenes development and over $1M invested, Phillips & Cohen Associates, Ltd., the global leader in deceased account care...

Major EU Order-to-Cash player reports strong Q2 growth

In Q2 2021, Sidetrade saw a jump in bookings representing an additional €1.2m in annual recurring revenue (ARR) vs €0.94m in Q1 2021. On top of this, it...

StepChange responds to FCA Action on Debt Packager Firms

The Financial Conduct Authority (FCA) has today announced it has taken action against 5 ‘debt packager firms’ – otherwise known as IVA (Individual...

Council tax ‘crisis’ as 7 million worried about affording bills

Over 7 million people in Britain (14%) are worried that they will not be able to afford their council tax bills over the next year, according to new research...

Jonathan Branchett joins Just

Jonathan joins the Just team as Head of Enforcement Partnerships and Performance and will manage the existing specialist team and oversee the day-to-day...

Poland’s Ultimo SA Uses FICO AI-Powered Optimization to Advance Ethical Debt Resolution

Ultimo SA, one of the largest debt management companies in Poland and a part of B2 Holdings, will use FICO collections treatment optimization to take the ideal...

June 2021 corporate and personal insolvency statistics, R3 response

Corporate insolvencies increased by 19% to 1,207 in June 2021 compared to May’s figure of 1,014, and rose 62.9% compared to June 2020’s figure of 741....

Golden era of debt repayment set to be eclipsed by summer spending spree

In April, outstanding balances on credit card accounts had fallen 12% in a year to £53.3 billion, but this is down from 19% a month earlier. There were 33.9...

ABA Report: Consumer Delinquencies Fell in First Quarter

WASHINGTON — Consumer credit delinquencies fell in the first quarter of 2021 as the economy rebounded strongly, according to results from the American...

Just adds Josh Yorke MCICM to Operations team

Just, the enforcement market integrator, has added Josh Yorke MCICM to their operations division. Josh joins the team as Head of Supplier Management bringing...

EQ deals see standby contracts reach 100 lending facilities

EQ Credit Services (EQCS), the UK’s leading consumer credit technology and outsourced services provider and part of EQ (Equiniti Group plc), has recently...

Hoist Finance and FICO Win Award for Digital Collections Programme in Germany and UK

Hoist Finance, the consumer debt purchaser working with banks and financial institutions across Europe, has accelerated its digital transformation using the...

Paysafe launches safeguarding model for the travel industry globally

Paysafe (NYSE: PSFE), a leading specialised payments platform, today announces the global launch of its safeguarding solution for the travel industry. The new...

Phillips & Cohen achieves vulnerable customer accreditation

Phillips & Cohen Associates, Ltd. (PCA), the leading specialist recoveries management business servicing creditors in the US, Canada, UK, Ireland,...

FreshBooks reveals the most common invoicing mistakes the self-employed have made since the start of the COVID-19 pandemic

The COVID-19 pandemic has left many self-employed individuals struggling to keep on top of all areas of their business, from new health and safety procedures...

PSR appoints former BBC chief economist, Natalie Timan, to lead new Strategy Analysis and Monitoring division

The Payment Systems Regulator (PSR), the UK’s specialist regulator for payments, has appointed Natalie Timan to the newly created role of Head of Strategy...

Sigma Connected announces South African rugby partnership

Business and contact centre outsourcing specialist Sigma Connected has announced its is to be the main title sponsor for Johannesburg-based rugby union side...

Comment: Prompt payment code “is a good first step” but should go further to support SMEs

Following the news that reforms to the Prompt Payment Code covering small businesses come into force today – requiring payment times to be cut from 60...

Yvonne MacDermid joins StepChange board of trustees

StepChange Debt Charity is pleased to announce the appointment of Yvonne MacDermid as a Trustee, joining the Board on 1 July. Yvonne has been involved in...

HighRadius Launches Highako Academy, The World’s First Microlearning and Community Platform for Order to Cash and Treasury Teams

HighRadius, the Artificial Intelligence-powered Order to Cash, and Treasury Management software leader, launched Highako Academy, to help credit &...

PayPoint reinforces NRLA call for greater support for financially vulnerable

After debt charity StepChange said £370m of rent arrears have been built up through the pandemic, PayPoint is backing the National Residential Landlords...

Sopra Banking Software is ranked 1 for lending corporate solutions

Once again this year, Sopra Banking Software (SBS), a trusted partner for banks and financial institutions, tops IBS’ 2021 Sales League Table holding the...

CSA Confirms UK Credit and Collections Conference (UKCCC) for September 2021

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, will once again host its annual UK Credit and Collections...

Apex Litigation Funding achieve a place in the latest Chambers Guide

Apex Litigation Funding has been ranked in the Chambers Guide 2021, despite the firm only completing its first full year in recent months. It has achieved a...

SFP completes sale of BH Precision and secures jobs

Nationwide insolvency practitioner SFP has successfully completed the sale of West-Sussex-based high precision machining, fabrication, welding, and engineering...

Landlords still have legal options despite eviction ban extension – says Cavendish Legal Group

Property litigation specialist Cavendish Legal Group has criticised the Government for causing further uncertainty among commercial property landlords, by...

Credit Style show support to local Sheffield foodbank

Employees at Credit Style, one of the UK’s leading players in debt recovery, based in Sheffield, have pledged support to S6 foodbank this month as part of an...

Qualco Manual safeguards transfer of customer data

Qualco UK has published its updated file transfer process manual, which is available to request via post or online. Qualco has managed more than nine million...

Deutsche Bank Partners with Oracle to Accelerate Technology Modernisation

Oracle and Deutsche Bank, one of the world’s largest financial services organisations, today announced a multi-year collaboration to modernise its database...

StepChange responds to Government’s Council Tax collection figures

New figures released today by the Ministry of Housing, Communities and Local Government reveal that, as of 31 March 2021, there was £4.4 billion of historic...

‘Reform needed’ as council tax arrears mount

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, responded to new figures from the Ministry of Housing, Communities and...

Cavendish Legal Group enhances property litigation team to deal with surge in property disputes

Cavendish Legal Group has moved to bolster its property litigation resource, as the true scale of the economic impact of coronavirus on jobs and housing starts...

The richer you are, the more likely you are to fall ‘into the red’

Higher rate and additional rate taxpayers are more likely to be in the red for at least half the month (14% compared to 9% among basic rate taxpayers)....

Swedish fintech startup Zimpler has its best year ever and assigns new CEO

What we are building now is a global infrastructure on top of the banking infrastructure that exists today. Bank payments are a better solution than card...

Comment: Extending ban on commercial eviction has caught SMEs between a rock and a hard place

Following yesterday’s announcement that the ban on commercial evictions has been extended by nine months, Scott Donnelly, Director of Board, CapitalBox,...

Bristow & Sutor pledge donations to Portsmouth charities

As part of their ongoing support of their client Portsmouth City Council, enforcement firm Bristow & Sutor has made recent charitable donations to several...

Extension of winding up petition restrictions, R3 response

Christina Fitzgerald, Vice-President of insolvency and restructuring trade body R3, responds to the Government’s decision to extend pandemic business support...

Kroll appointed Liquidator to G-Rock Limited, trading as Golden Sand Bank

Andrew Stoneman of Kroll (a trading name of Duff & Phelps) was appointed Liquidator of G-Rock Limited, whose trading name was Golden Sand Bank on 16 June...

JUST, the enforcement market integrator drives change to how VAT is charged on High Court Enforcement fees

Today the High Court Enforcement Officers Association released new guidance on VAT. The trade association have accepted in part that VAT should be applied...

50% of all Asia B2B invoices are overdue

Half of all B2B credit sales in Asia are overdue, according to the latest Payment Practices Barometer from trade credit insurer Atradius. Many Asian businesses...

Company insolvencies rise as businesses urged to take action early

Insolvency figures released today* for May 2021 by the Government’s Insolvency Service show a slight increase in corporate insolvencies compared to the...

Pandemic forces UK firms to crack down on late payment

Today, Intrum launches the sixth UK edition of the European Payment Report 2021*. With nearly half of the surveyed companies saying they are lucky to have...

Ophelos raises $2.3 million from Connect Ventures and Fly Ventures to reimagine the debt collection industry

Ophelos, a startup reimagining the debt collection industry to improve financial health for consumers and businesses, today announces its $2.3 million pre-seed...

May 2021 insolvency statistics, R3 response

Corporate insolvencies increased by 8.8% to 1,011 in May 2021 compared to April’s figure of 929, and increased by 6.9% compared to May 2020’s figure of...

Payconiq payment method now available on Limonetik platform

Widely used in the Benelux countries, the Payconiq payment method is now supported on the Limonetik platform. The Payconiq payment QR code has a promising...

New Appointments Boost Capacity at Apex Litigation Finance

Apex Litigation Finance are delighted to announce the appointment of two new Advisors to its team. Both bring with them an impressive track record in employing...

Covid debt regret: nearly a quarter of employees made a bad debt decision during the pandemic

Nearly a quarter (24%) of employees admit they made a bad decision about debt during the pandemic, according to a new study from Aviva that has examined...

Registry Trust appoints new Operations Director

Registry Trust Ltd, which maintains the Register of Judgments, Orders and Fines for the UK & Ireland, has appointed Chris Dick as its new Operations...

PSR publishes new strategy designed to unlock the potential of UK payments

The Payment Systems Regulator (PSR), the specialist economic regulator of UK payment systems, has published a proposed new five-year strategy. The strategy...

Financial Wellness Group calls for the public Individual Insolvency Register to be replaced by a private register to help reduce the stigma of debt

Financial Wellness Group is calling for the public Individual Insolvency Register, and the publishing of personal details in the Gazette, to be abolished –...

Webio’s conversational AI to transform collections and payments industry with latest round of investment from Finch Capital

Dublin company Webio, a leader in Conversational AI in the credit, collections, and payments industry, has announced that it has closed a Pre-Series A funding...

BPO Sigma announces new ‘connected’ brand as part of next phase of growth

Award-winning business outsourcing specialist the Sigma Financial Group has announced a rebrand of the entire Group after a period of significant growth. The...

Credit Style announce intern partnership with Sheffield Hallam University

Credit Style, one of the UK’s leading players in debt recovery, has launched a new internship programme in collaboration with Sheffield Hallam University,...

EQ Credit Services signs 7-year contract with lender 247 Money on API-led loan platform

EQ Credit Services, the UK’s leading consumer credit technology and outsourced services provider, is announcing a new seven year contract to provide a...

Qualco UK boosts its collection of British Assessment Bureau certifications

Qualco UK has added ISO 9001 to its catalogue of British Assessment Bureau (“BAB”) certifications. ISO 9001 is the international standard for a quality...

StepChange reports nearly 1 in 10 clients in Scotland in debt due to Covid

More than 31,500 people in Scotland sought help from StepChange Debt Charity, and over 11,000 went through a full debt advice process during the year of the...

Accounts payable software awarded “five stars” for finance efficiency

Boutique accommodation and dining business, The Inn Collection Group, has redefined its Invoice Processing and Accounts Payable process, removing the need for...

Achieving fully data-driven processes still a long-term ambition for a quarter of organisations

26% of organisations will not be fully data-driven for another four to five years, according to findings from the latest FinTech Barometer survey of finance...

Rogue recovery specialists wound-up in court

Global Investigations and Recoveries Limited was wound up in the public interest in the High Court on 17 May 2021 before DDJ Watkin. The Official Receiver has...

Shoosmiths and Chartsbridge launch ‘Equivo’ – creating an end-to-end recoveries solution

Leading UK law firm Shoosmiths LLP and national collections, recoveries and enforcement business, Chartsbridge, have today launched ‘Equivo’, a new...

Government confirms residential evictions and enforcement at residential properties in England to resume from 31 May

The UK Government has confirmed that it does not plan to extend the emergency legislation banning enforcement agents from carrying out evictions in England...

StepChange urges Government to pledge further support for renters as eviction ban ends

From next Tuesday evictions for rent arrears can resume in England, yet there is no plan to help tenants and landlords resolve the £360 million of...

The Calm Before The Storm: Landwood Predicts A Surge In Liquidations

North West property specialists Landwood Group are calling for businesses to be prepared for the end of government support schemes – as it predicts a...

Qualco UK appoints new Lead Public Sector Manager

Paul Ellicott has been appointed Lead Public Sector Manager at Qualco UK. Qualco is a leading provider of panel and asset management software and analytics,...

Company insolvencies remain at record lows but for how long?

Company insolvency statistics continue to defy gravity but an increase in IVAs shows that personal finances are beginning to take a hit as the impact of the...

Flexys expands board with appointment of Chief Operating Officer

Flexys is pleased to announce the appointment of Dr David Scholefield to the role of Chief Operating Officer. David moves from his current role as Chief...

Paylink Solutions appoints director to develop new client relationships

Fintech firm, Paylink Solutions, has hired Andrew Alder as Director of Developments and Partnerships as they increase their client base across the collections,...

Sandton teams up with Credit Style to launch IP unlock

Private equity and special situations institutional investor Sandton Capital Partners (“Sandton”) has announced an enhanced partnership with credit...

New study finds men hold 17% more debt than women

Aryza, the market leading personal insolvency, lending and debt solutions software provider, today announced the launch of a new report, providing an overview...

Alvaria Inherits The Forum Award Wins for Aspect Software and Noble Systems

Today, Alvaria, a global leader in customer experience and workforce engagement technology solutions, is delighted to inherit recognition in two categories in...

HCEOA welcomes new Chair and Board members

The High Court Enforcement Officers Association (HCEOA), representing High Court Enforcement Officers (HCEOs) across England and Wales, has welcomed new...

Comment: Housing market still “defying all expectations”

Following the latest housing transactions data from the government which found April recorded the highest transactions in any April since 2007, John Phillips,...

Alan J Smith elected new chair of HCEOA

High Court Enforcement Group is pleased to announce that Alan J Smith, Director of Corporate Governance, has been appointed the new Chair of the High Court...

Stonebridge announces appointment of new Operations Director

Stonebridge, the mortgage and insurance network, has today announced the appointment of a new Operations Director. Gavin Earnshaw joins the business on the 1st...

Phoebus Software Limited (PSL) partners with Six Degrees to offer public cloud capabilities

Phoebus Software Limited (PSL) has selected Six Degrees as the latest provider within the PSL Partnership Programme. Six Degrees is a Microsoft Azure Expert...

A new debtor tracing service has been launched

A new company has been set up and is designed to ensure that creditors have an easy and effective way to track debtors for either debt recovery or litigation...

A testing time for supplier relationships

New research has shown that UK SMEs are struggling to process their invoices in a timely manner, which has consequences for the entire supply chain. Almost a...

North of England accounts for half of pandemic property repossessions

Research from homebuying platform, YesHomebuyers, has revealed the North of England has seen by far the most property repossessions since the start of the...

SAS AI-powered chatbot boosts fraud victim support

Facing increased demand for real-time and personalised digital experiences, organisations are turning to virtual assistants and chatbots to engage with...

April 2021 monthly insolvency statistics – R3 response

Corporate insolvencies fell by 7.2% to 925 in April 2021 compared to March’s figure of 997, and fell by 22.9% compared to April 2020’s figure (1,199)....

What does the future hold for the communication service providers keeping the world connected during COVID-19?

The extraordinary value of digital communications has never been more apparent than during the past year. As COVID-19 swept the planet, businesses and...

Covid lockdown roadmap: How businesses should prepare for ongoing restrictions of rules that are changing from today

In light of the news that England enters step three today, pubs and restaurants will be able to open indoors, and groups of six people or two households will...

New CEO at insolvency and restructuring trade body R3

Caroline Sumner has been appointed CEO of R3, the insolvency and restructuring trade body, and will take on the role from June 1. As CEO, Sumner will oversee...

Telrock supports its rapid growth with the appointment of a dedicated Chief Information Security Officer to its senior management team

Telrock is proud to announce and welcome Ray Jackson as the company’s newly appointed Chief Information Security Officer (CISO). Ray has more than 20 years...

Lowell first quarter results 2021

Lowell, a European leader in credit management services, today announces its results for the 3 months ended 31 March 2021. Commenting on today’s announcement...

Insolvency and restructuring profession rescued 297k jobs in 2019, R3 report shows

The insolvency and restructuring profession rescued 297,000 jobs and returned £1.82bn to creditors in insolvency cases in 2019 – the equivalent of around...

Intrum UK retains Gold Investors in People accreditation

Investors in People has again awarded credit management group Intrum UK gold accreditation, demonstrating the firm’s commitment to high performance through...

Founder and former CEO of Telrock joins Arum

Arum is excited to announce that Russell Robinson has joined as a Principal Consultant and Digital Specialist. Russell has been entirely focused on improving...

Interest in debt recovery careers on the rise

Credit Style, one of the UK’s leading players in debt recovery, has maintained an unbroken record of growth over the past five years with an overall increase...

Comment from Financial Wellness Group on the changes to the DRO rules

Commenting on the DRO changes announced today, Deborah Ware, Chief Operating Officer, Financial Wellness Group, said: “The changes to the Debt Relief Order...

StepChange welcomes DRO changes but emphasises importance of further change

StepChange Debt Charity welcomes today’s confirmation by the Insolvency Service of changes to the asset limits for eligibility for Debt Relief Orders. At the...

Sigma appoints tender specialist as part of next growth phase

A West Midlands outsourcing specialist has announced the appointment of a new bids and tendering lead who will support the firm’s growth plans both in the UK...

PayPlan appoints new Chief Operating Officer

PayPlan has appointed experienced strategic leader, Tasneem Bhamji, as Chief Operating Officer to transform its operation and lead its multi-channel debt...

Thornbury Collections Joins Forums International as a Corporate Partner

Forums International would like to take this opportunity to welcome Thornbury Collections as a Corporate Partner for our Credit Management Forum (CMF). Laurie...

EQ Credit Services report reveals the “new nervous”

EQ Credit Services, part of EQ (Equiniti) has released its latest UK research report into the unsecured lending sector. This reveals some startling consumer...

The next big thing: 94% of finance professionals are looking to implement Intelligent Automation… despite 50% not fully understanding what it means

Intelligent Automation (IA) is set to become the latest technology buzzword in the financial sector, with 94% of finance professionals stating they are looking...

Bristow & Sutor introduce mandatory lateral flow tests for EAs

Bristow & Sutor, one of the UK’s leading players specialising in debt recovery, has begun implementing twice-weekly lateral flow tests amongst all of the...

Another partner for Begbies Traynor’s Sheffield office

Begbies Traynor has promoted Joanne Hammond to partner. Based in the firm’s Sheffield office, she works across the Yorkshire region. Jo has spent her entire...

HighRadius to Host 800+ Attendees at 2021 Shared Services Tech Virtual Event

HighRadius, the Artificial Intelligence-powered Order to Cash and Treasury Management software leader will be hosting Shared Services Tech 2021, the definitive...

New breathing space scheme to help people in debt launching 4 May – statement and guide from R3

“The introduction of the breathing space scheme comes not a moment too soon. The pandemic has dealt a body blow to many people’s incomes and savings,...

Q1 2021 insolvency statistics for England & Wales, R3 response

Colin Haig, President of insolvency and restructuring trade body R3 and Head of Restructuring at Azets, responds to the Q1 2021 England & Wales corporate...

Atradius Collections becomes sole collections agency accredited by CICMQ

Atradius Collections has become the sole collections agency awarded accreditation from the Chartered Institute of Credit Management (CICM). The CICMQ is the...

Pent up demand skewing personal insolvency market – comments

Commenting on the outlook for the UK insolvency market following the publication of the Insolvency Service’s Q1 2021 statistics today, David Heathcote,...

HCEOA welcomes new government Breathing Space initiative

The High Court Enforcement Officers Association (HCEOA) has welcomed the Government’s new Breathing Space initiative, which comes into effect on 4 May. Under...

Double success for Sensée at the 2021 Forum Awards

Work-from-home specialist Sensée has won an Innovation and Transformation Award for ‘Engaged Homeworking’ at the 2021 Forum Awards. The company also...

CSA revises ‘Collector Accreditation Initiative’ with new content, reporting and experience

The Credit Services Association (CSA), the UK trade body for the collections and debt purchase sector, is set to launch a significantly revised and updated...

Litigation finance specialists partner to provide funding and ATE cover

Apex Litigation Finance Limited today announces a partnership with Maxima Litigation Finance Limited to provide litigation funding to a scheme generating...

Q1 2021 Statistics Northern Ireland

The number of debt judgments registered against Northern Ireland consumers in the first quarter of 2021 (Q1 2021) fell from 1,476 to 972, a fall of just over...

Q1 2021 corporate statistics

County Court Judgments (CCJs) against businesses in England and Wales fell by 55 percent from 33,518 in Q1 2020 to 15,210 in Q1 2021, according to figures...

Bristow & Sutor steps up during debt awareness week

Staff at Bristow & Sutor, one of the UK’s leading players specialising in debt recovery, recorded over 3.7 million steps during Debt Awareness Week, in a...

Debt recovery firm highlights importance of accreditation

Credit Style, one of the UK’s leading players in debt recovery, has recently certified Senior Managers in compliance with SMCR regulatory requirements. The...

HCEOA recommends all members introduce regular lateral flow covid tests for enforcement agents

The High Court Enforcement Officers Association (HCEOA) has recommended that its members introduce regular rapid lateral flow testing for their enforcement...

Recovco Mortgage Management Names Trey Beal COO

Recovco Mortgage Management, LLC — a leading provider of residential and consumer due diligence, quality control, transaction management, and loan...

HighRadius Reports Continued Momentum in Accounts Receivables and Treasury Management Software

HighRadius, the Artificial Intelligence-powered Order-to-Cash, and Treasury Management software leader, today announced business performance