In Reference Appointments & Updates
More than twice as many principals, advisers and administrators worry about the impact of a second coronavirus lockdown than about Brexit, according to a new survey from the MCI mortgage club. Nearly three-quarters (73%) of those questioned indicated
they felt a fresh lockdown will affect the mortgage market over the next 12 months. By contrast, just over a third (35%) pointed to Brexit as a factor. Other significant influences cited by respondents included
helped Visa and Paypal expand in those markets. The biggest opportunities in the world are opportunities with our innovation and it is an amazing time to be in payments,” said Chase Harmer CEO and founder of Pay Certify.
Melanie Spencer
stricter lender criteria (68%), mass unemployment (67%), and recession (63%). In addition, 62% highlighted the adverse effect of payment holidays, furlough, and business support loans. Only 3% responded that there would be no change over the next twelve months. Melanie Spencer, head of the MCI Club, said: “Understandably, as
restrictions are eased over the country, everyone serving the market will rightly consider a second lockdown to be a disastrous event, especially as the market is beginning to gain momentum again. “With the Stamp Duty cut until next year, the conditions are right for a
sustainable bounce-back. Of course, it is surprising that Brexit did not rank as highly, or more specifically, an appropriate trade agreement by the end of the year. It could be that we are on course for more economic disruption, just of a different kind.”
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“It not only has a credible execu- tive team with a healthy appetite to
grow, but also a genuinely exciting market opportunity with a range of debt manage- ment solutions that will be of significant help to many businesses and chief financial officers as the UK heads towards recovery.” Andrew Birkwood, founder and CEO
of Azzurro Associates, added: “Stefan’s experience of Financial Services, and his proven track record with a Fintech and Challenger Bank specifically, will be of particular benefit as we look to grow the business and promote a new generation of debt management solutions to an increasingly demanding market.”
PayCertify, the innovative payments platform, has announced that Tim Murphy will be joining the rapidly growing team as chief operating officer. He has served in a broad variety of global roles based both in America and Europe, for PayPal, eBay, and Visa. He brings a wealth of experience and knowledge in global payment systems and risk management. “If I could describe PayCertify in one
word, it would be disruptive. I use that word because they are coming up with some very creative solutions and new use cases for digital
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economies,” said Mr Murphy. “Tim is a tremendous asset for PayCertify.
As an issuer in the US, Canada, and Europe he’s an obvious choice as Tim
Bristow & Sutor is one of the UK’s leading players specialising in debt recovery and has over 42 years’ experience in the collection of local council tax, non-domestic rates and unpaid Penalty Charge Notices. The company also began working with
Transport for London (TfL) earlier this year to collect unpaid Penalty Charge Notices (PCNs) for road charging schemes and traffic enforcement contraventions. Portsmouth City Council required
support from suitable enforcement service providers who could show evidence of committing to reduce the costs of collections, optimise the use of contracts, maximise collections, ensure a high-quality service and provide comprehensive reports and evidence of accountability. Future planning was also part of the
decision-making process as the introduction of a Clean Air Zone will require a PCN to
Analysis by London based global fintech Paysend into the critical issues facing small businesses in a post coronavirus environment point to a new world in which they will need to operate, and new techniques that they will need to implement. The report compiled by Paysend notes that just in UK:
one in four businesses were forced to close temporarily; 9.6 million employees were furloughed, with potential job losses as furlough ends; unemployment rose by 730,000 in latest employment data release; self employment will be the only option for up to a further 1 million working age people; and there has been a seismic change in underlying business dynamics. CMO of Paysend Alberto Macciani said: “Our report identifies that five key
Alberto Macciani
changes have occurred during the pandemic, and all small businesses will need to adapt for them to be sustainable in the long term. Consumers as a whole have less spending power, and savings cushions have been depleted, and as a result of the lockdown the move towards digitisation has been accelerated making online sales the norm for many. With this brand loyalty has been replaced by transactional convenience, with purchasing impacted by supply and demand shortages and global network disruption. Having reviewed the changing market conditions we have drawn us a series of guidance points that we hope will help businesses and freelances. As a digital business ourselves we understand the speed of change, and being in the financial services sector we know how important astute financial management is.”
www.CCRMagazine.com September 2020
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