In Reference Appointments & Updates
The Credit Services Association (CSA) is concerned that new guidelines for debt advisors could keep customers in debt for longer by failing to reflect their true financial position, and in the worst case push them into unnecessary and potentially damaging insolvency. It believes that the revised guidelines – presented by the
Money Advice Service (MAS) for use with the Standard Financial Statement (SFS) – require further consideration. Peter Wallwork, chief executive of the CSA, said that
Peter Wallwork
while the thinking behind the recent changes to the SFS was laudable, the outcomes could be disastrous for some consumers. “The issue centres around the so-called ‘trigger figures’ and whether the increased figures now being proposed accurately reflect the customer’s true financial position,” he said.
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Aaron Hughes, managing director at Equiniti Riskfactor, said: “We are
very excited to have launched Equiniti Riskfactor in Canada and are looking forward to working with Baron Finance over the coming months and years. Our technology will enable Baron Finance to protect their business from fraud by providing an in-depth understanding of the risk across their portfolio and identify, earlier than before, any signs of atypical, and potentially fraudulent, behaviour.”
Gordon Dadds is urging businesses to “get smarter” in handling money laundering or face the wrath of HMRC with some hefty financial fines. It warns the digitalisation of cash has led to increased risks to businesses from money laundering. Whilst the majority of businesses are good at acknowledging these risks, they need to do more to mitigate the risk of money laundering. Alex Ktorides, partner at Gordon Dadds,
said: “Digitalisation has made it far easier for organised crime syndicates to withhold money from the financial system and to transfer assets from what appear to be legitimate businesses and individuals to criminals.”
Furness Building Society has adopted Xactium Risk Management, aiming to capture and monitor risks using one central secure system and generate reports at the click of a button, based on real-time information. Nicola Coulson, operational risk manager
at Furness Building Society, said: “We are delighted to be working with Xactium Risk Management and are confident of the benefits the system will provide us with. With Xactium, we have found a fully configurable and user-friendly solution which will vastly improve risk reporting for the society. It will also provide real-time
reporting of risks and actions at any point in time. The system has already been well received by the team and the automation of this function will help them to focus on more value-adding activities.”
Tungsten Network has extended its analytics offering to include accounts-receivable dashboards. It builds on its analytics product for accounts payable, launched in 2016 and marks the first time that the service will be available for accounts receivable. Andrew Nichols, head of Tungsten
Network Analytics, said: “When you cannot track invoices in real-time, real issues arise. Data becomes irrelevant, trends become traps, payments cannot be processed on schedule, and cashflow dries up. These are all causes or friction in the supply chain that can lead to major problems.”
Atradius has made two high-profile appointments: Tom Danson has been appointed as head of commercial for its Midlands Regional Hub; whilst Richard Reynolds will be taking on the role of head of strategic accounts. Alun Sweeney, UK director of Atradius,
said: “Both Richard and Tom have extensive knowledge and experience of the industry and the business. They are both well-placed
The Insolvency Practitioners Association (IPA) has appointed Lloyd Hinton as its new president for the coming year. He said: “As a long-standing supporter of the IPA, I am
extremely proud to have been elected as president of the association. I look forward to working with the secretariat, the board and the various committees, to effectively represent the membership over the next 12 months. “One of my main objectives during my presidential year
will be to encourage others to engage with the IPA, as I have, as I have found it beneficial to my career, personally rewarding and it has helped me to understand how the IPA provides world-class regulation in a complex and evolving sector.”
Lloyd Hinton
Call & Screen Recording, PCI DSS Payment Portals, Call Scoring Applications. Centralised compliance, productivity & visibility. Protection for new measurements being considered already live
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www.geniusppt.com 48
www.CCRMagazine.com May 2018
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