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Cabot Credit Management Limited Announcement of Intention to Float on the London Stock Exchange
Friday, 20 October 2017
Cabot, the UK's leading credit management services provider, today announces its intention to proceed with an initial public offering (the "IPO" or the "Offer"). The Company intends to apply for admission of its ordinary shares ("Shares") to the premium listing segment of the Official List of the Financial Conduct Authority (“FCA”) and to trade on the main market for listed securities of the London Stock Exchange (together "Admission"). The Offer will comprise an offer of shares to institutional investors. 
Arrow Global Appoints New CFO
Wednesday, 18 October 2017
Arrow Global announces that Rob Memmott, who has been with the business for six years, has decided to step down as Group Chief Financial Officer (“CFO”). Paul Cooper, currently CFO of the international insurance business Sompo Canopius, will replace Rob as Group CFO and will join the Board when he starts on 1 January 2018. Rob will stay with the business through to the end of February 2018 to ensure a smooth handover. 
UL partners with Abrantix to release a solution for automated payment terminal test execution
Tuesday, 17 October 2017
The UL and Abrantix collaboration brings to the market the UL Brand Test Robot to automate payment terminal brand certification testing.
Italy addresses bad debt mountain as investors head south
Monday, 16 October 2017
According to new data from Debtwire ABS, announced at Debtwire Week, non-performing loan (NPL) investors continue to head south with deals consistently coming out of Spain and slowly emerging from new markets such as Portugal, Greece and Cyprus. However, the real action continues to be in Italy which has finally started to address its EUR 200bn bad debt mountain. In the first half of the year, the Italian NPL market saw the closing of Unicredit’s EUR 17.7bn Project FINO, a joint venture with Fortress Investment Group and PIMCO, announced in December 2016. The deal was among the EUR 27.7bn across 21 deals monitored by Debtwire ABS in 2016. So far in 2017, 15 deals closed worth EUR 14bn. A further EUR 60.9bn across 16 deals are in the pipeline including Banca Monte dei Paschi di Siena’s expected securitisation of EUR 26.1bn worth of NPLs.
Pega Speeds Onboarding & KYC with Full Digitisation Including Facial Recognition Technology
Thursday, 12 October 2017
Pegasystems Inc., the software company empowering customer engagement at the world’s leading enterprises, today announced the integration of new facial recognition and identification capabilities within its Pega® Know Your Customer (KYC) and Pega® Client Lifecycle Management (CLM) applications. By integrating technology from Electronic IDentification (eID), financial institutions can legally and securely verify the identity of new customers in just minutes. Recently named the top category leader in KYC systems by leading risk technology analyst firm Chartis Research, Pega KYC and Pega CLM have also been enhanced with several new innovative features to help banks reduce onboarding time, cost, and complexity while improving the overall customer experience.
New guide for energy suppliers on vulnerability and mental health
Thursday, 12 October 2017
A new guide for energy suppliers has been launched today by the Money Advice Trust and Energy UK to help better identify and support consumers in vulnerable circumstances. The guide, Vulnerability, mental health, and the energy sector: a guide to help identify and support consumers, provides practical tools for frontline staff to use with consumers in a range of vulnerable situations. 
MMF & Copper Street Capital
Wednesday, 11 October 2017
MMF are pleased to announce the acquisition of a majority interest in Motormile Finance UK Limited (MMF) by Copper Street One Limited, an entity of Copper Street Capital LLP, a UK based specialist financial services investment firm.  This acquisition marks a significant moment in MMF’s history and validates the success we have achieved in building a strong business.  Going forward this new partnership will provide us with capital and resources to build on that success to grow our business and better serve our customers and clients.  The deal closed on 9 October 2017.
Canada Embraces Cashless Economy; UK Falls Behind Sweden in Cashless Technology Uptake
Tuesday, 10 October 2017
A recent study from Forex Bonuses finds the countries among the 20 largest economies who are adapting quickest to using cashless systems like phones and contactless cards – revealing that Canada narrowly edges out Sweden for the top position. 
Bad debt soars despite increase in sales and salaries, Creditsafe Watchdog Report finds
Tuesday, 10 October 2017
Debt owed to suppliers across key UK business sectors has risen by 95.4% to £962 million between July and September 2017, eclipsing the 1.5% rise seen at the end of Q2. Bad debt owed to companies also increased by 12.2% to £247million, up 55.6% since the start of the year. This signals a worrying trend for the commercial health of businesses across the UK. 
TeleWare appoints BT heavyweights to strengthen channel offering
Monday, 09 October 2017
TeleWare, a leading communication technology business, has announced the appointments of Andrew Collis and David Neal. Both individuals bring years of invaluable sales experience to TeleWare, having formerly worked at BT for several years.  
Second charge mortgage market growth continues in August
Friday, 06 October 2017
Commenting on the August 2017 new business figures for the second charge mortgage market, Fiona Hoyle, Head of Consumer and Mortgage Finance at the Finance & Leasing Association (FLA), said:  “The second charge mortgage market reported another strong month in August, with new business continuing to grow from a low base.
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