In Reference Appointments & Updates
Group. The findings show that reliance on credit for everyday spending is the new normal, meaning consumer-finance providers will have to become increasingly aware of a customer’s overall ‘financial health’ when selling products to them. Chris Pond, chair of the Lending Standards
Board and also vice chair at the Financial Inclusion Commission, said: “A third of households have no savings whatsoever: they are one family illness, lost job, or even broken washing machine away from financial disaster. As this report shows, increasing numbers are trapped in the divide between falling and uncertain real incomes and rising living costs. That divide can only be bridged by credit.”
With its standardised accounting and payment-processing solution Aqount, Arvato Financial Solutions has announced that it now allows retailers to take complete control of all their financial processes. “To offer the perfect shopping experience
from ordering to payment, numerous processes need to perform smoothly in the background. Yet these financial processes – from invoicing and logging incoming payments correctly to issuing payment reminders and collecting debts – tie up time and staff resources,” said Florian Krämer, operations director in accounting and collection at Arvato Financial Solutions.
Equifax has launched a new solution to support the government Commercial Credit Data Sharing (CCDS) initiative seeking to stimulate competition and encourage new entrants in SME lending. Nic Beishon, head of commercial at
Equifax, said: “CCDS is a game changer for many businesses who have the financial ability to repay a loan but who are currently either denied it or left in limbo when a lack of information leaves banks unable to make a timely decision. “The new data overcomes this issue
by providing a more in-depth view of a business’ financial activity than has ever been accessible before.”
TDX Group raised over £58,000 in 2017 for a number of local and national charities. Activities over the year included a charity
March 2018
Ashley Finance has announced significant new-business growth for its bridging product, with a 95% increase in new customers compared to 2016, including a milestone loan of £2.2m – its largest to date – following its launch in Scotland and an increased investment in its bridging team. Liam Cavanagh, operations director, said: “We have had
a stellar year. The whole team are delighted with these results. Bridging was a key growth area for the company this year and is anticipated to continue, as we progress further into 2018. “While the huge increase, new business is definitely the result of the hard
Liam Cavanagh
work and dedication of our bridging team, it also highlights the need for an open-minded lender like ourselves in the market.”
ball, carol singing, bike rides, and raffles. The funds from these events were donated to organisations such as Nottingham’s Children’s Bereavement Centre and Inspire Nottingham. Kirk Fletcher, UK country manager,
said: “There are many local charities that work extremely hard to deliver excellent programmes of support, and we are very proud to be able to work with them. The money we were able to donate will help these organisations continue to make a real difference in many people’s lives.”
Adare SEC has become a member of the Credit Services Association (CSA) under its new supplier-membership category. Richard Slee, chief executive officer at
Adare SEC, said: “Achieving CSA supplier- membership status really highlights how we see our business – at the forefront of critical customer-communication solutions, and continuing to deliver a quality service for our
clients and their customers in this industry. We are proud to be part of the supplier membership alongside being one of the first to sign-up, showing our commitment to the sector as we continue to grow and innovate.”
Judge and Priestley LLP has announced that it has recently gained Financial Conduct Authority (FCA) authorisation. This comes in addition to its traditional
authorisation and regulation by the Solicitors Regulation Authority. Director of collections, Mark Bailey, said:
“We are delighted to have gained FCA authorisation. It is a testament to the quality of our existing staff, policies, and procedures, and our focus on continual improvement. “The recent expansion of our pre-legal
collections team, driven by new client acquisitions across a number of sectors, increased our exposure to regulated debt collections, making the decision to seek FCA authorisation a simple one.”
Aire has announced the addition of further professionals to its company leadership, whilst embarking on a plan to double its workforce to over 40 employees this year. Peter Jackson, former CEO of Worldpay UK and current
CEO of Paddy Power Betfair, has become chairperson. Sarah McQuade also joins Aire as its new head of people
after previously working for Uber. Aneesh Varma, co-founder and CEO of Aire said: “After
taking our vision to market and proving that out credit- assessment technology works for our partners across the credit cycle, we are now entering a stage of fast growth. “As we embark on this significant expansion of our team, we are focused on
Aneesh Varma
continuing to develop our culture conscientiously, and to preserve our unique DNA and our mission-driven approach.”
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