In Reference Appointments & Updates
Adam Wonnacott has joined Just, the enforcement market integrator, to head up its technology and innovation team. He has extensive knowledge of collections and recoveries,
having previously held senior director positions at both Burlington and Marston Holdings, where he spent time as managing director of their subsidiary MoretonSmith. Since 2019, he has been working with Just as a technology consultant and has led the successful development of the company’s Hub Technology Solution. He now joins the company on a full-time basis and has joined the executive board. He said: “I am excited to join the Just team at such an important point in
Adam Wonnacott
the company’s journey. Over the past six months working with Just as a consultant, I have been inspired by the energy of the team and their mission to re-imagine post-litigation enforcement. “The fair and responsible treatment of those in debt has never been more important and I look forward to helping Just leverage technology to find more efficient ways of collecting debt responsibly.” Nick Georgiades, managing director of Just, added: “Our market integration strategy has technology and innovation at its core and having Adam lead this will be a big benefit, and enable us to innovate, test and deploy solutions at lightning speed. I’m excited to have Adam as part of my executive team.”
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Under the Risk Centre’s projections, the GDP@Risk in the United States
would range from $550bn (0.4% of five- year GDP) to $19.9tr (13.6%), in the United Kingdom from $96bn (0.46%) to $3.5tr (16.8%), and in China from $1.03tr (0.9%) to $19.2tr (16.5%). “GDP@Risk was designed as a constant
metric that can be used to compare and standardise different types of threat,” says Dr Andrew Coburn, chief scientist at the Risk Centre in Cambridge. “The new calculations on GDP@Risk from the pandemic are not forecasts, but rather are projections based on various plausible scenarios that could unfold in the next five years related to the economic impact of COVID-19.”
Atradius has welcomes a government announcement that it intends to develop a treasury-backed temporary reinsurance scheme to help businesses recover from the impacts of Covid-19. The scheme, which has the backing of
the Association of British Insurers and is supported jointly by the UK’s leading trade credit insurance providers, aims to smooth the path toward economic recovery, ensuring the continued availability of trade
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credit insurance in the face of unprecedented financial pressures on UK businesses across almost all sectors. It follows similar action being taken in other European countries,
and Canada, where state-backed schemes have been developed to help businesses continue to benefit from trade credit insurance protection. Alun Sweeney, director, Atradius UK &
Ireland said: “The trade credit insurance industry represented by our trade body the ABI has worked closely with the government to outline the difficult trading environment that lies ahead, and we are confident that this government-backed scheme, once implemented, will make a significant difference for businesses and their supply chains as they emerge from lockdown and trade flows are re-established. “This is a welcome step by the
government, and is fully supported by Atradius. We have seen similar action being taken in other markets across the world and we welcome the UK government’s recognition that UK firms should also be supported in this way. “It is important now to ensure that
the detail of this temporary scheme is developed quickly to give reassurance to the thousands of businesses who rely on the security that trade credit insurance cover provides.”
Paysend has called for an industry-wide acceleration of innovation across FinTech and payments in response to the global coronavirus situation. Sweeping disruption to the daily financial habits of consumers has created a number of problems that Paysend sees as necessary to be solved by emerging FinTech innovators with the provision of simple, accessible and low-cost solutions. “Given the huge changes in consumer behavior and consumption patterns, and lockdown measures changing – potentially permanently – the way that people interact with their finances needs to change fast,” Alberto Macciani, CMO of Paysend said. “It is no surprise that there will never be a return to the previous way of
Alberto Macciani
living given the monumental events that have shaken the world in the past six months. For example, many surveys conducted recently show a clear preference for employees not to go back to full-time office work, but rather to mixed models which give the best of both – flexibility and engagement. This is the mantra that FinTech needs moving forward.” He added: “At Paysend we have identified the key trends that will shape the
world after the pandemic has settled down through a combination of social listening and customer analytics, and we are exploring them through our new innovation process. We have developed an approach, which we identify as ‘customer centric’, for which we ignite three factors: technology, trends, and customer feedback. The result is featured in our product innovation funnel which represents the roadmap for future products.”
www.CCRMagazine.com June 2020
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