Category: Lending
October 28, 2020
The sheer scale of the BBLS challenge in numbers
Take a look at the sheer scale of the BBLS challenge, as lenders get ready for the repayment of the loans from May 2021.
October 28, 2020
The 3 Rs of Open Banking for BBLS
At the time the scheme was launched and the first loans were issued, no one could have predicted the path of the novel coronavirus, and its impact on the UK and the world. The result? 1.3m loans have been issued, with a total value of over £40bn at an average of £30,000 per loan. But what happens next?
October 21, 2020
A Pivotal Moment for Business Lenders
Within the next 3-5 years, we will see a revolution in lending. A series of small changes will eventually cause large systematic change, but Covid-19 has accelerated the need for digital transformation. It’s important to invest now to be prepared for the digital future.
October 7, 2020
Humanising Debt Collection: How to Support Customers in Difficult Circumstances
The debt collection process can be difficult, stressful and time-consuming for both the debtor and the lender. Due to the ongoing coronavirus crisis, there are more loss-making accounts than ever, and the pressure is on lenders to provide debt collection methods and techniques that are effective and compassionate.
October 5, 2020
The True Scale of Rising Household Debt in the UK Due to Covid-19
Some may argue that the ongoing Covid-19 pandemic is as much an economic crisis as a public health issue, but what is the reality of UK debt due to coronavirus?
September 2, 2020
UK Consumer Debt: At a glance
Lenders are facing a tsunami of challenges off the back of the Covid-19 pandemic. The impact on consumer debt in the UK is huge and long-lasting. As we head towards the end of the furlough scheme, and with payment holidays finishing soon, lenders will need to be prepared for what comes next.
July 13, 2020
5 things lenders need to know about Generation Z and their approach to finance
Beth Collins, Solutions Lead at Target Group, examines what matters most to Generation Z when looking for financial products and providers.
June 1, 2020
New challenges facing financial services in 2020 and beyond
Katie Pender, Senior Solutions Lead, takes a closer look at new key challenges facing financial services in 2020 and beyond.
May 29, 2020
Looking over the horizon of payment holidays and forbearance
We take a look at how businesses can adjust to the short and mid-term demand increase for servicing collections and arrears.