Category: Press Releases
April 15, 2021
Target Group headline sponsor for Building Societies Annual Conference
We’re pleased to be one of the headline sponsors for this year’s Building Societies Annual Conference.
March 17, 2021
Target Group awarded Investors in People
We’re all pretty chuffed! That’s because Target’s been awarded the Investors in People standard!
February 8, 2021
Bullseye! Target Group awarded a coveted accolade for employee engagement
Target Group has been certified by Best Companies and recognised for a commitment to employees, with a ‘One to Watch’ status. Target was recognised as a well led and well managed organisation, demonstrating ‘good’ levels of employee engagement, despite the current unprecedented circumstances.
January 21, 2021
Target Group promises to transform mortgage market with new platform
Target Group is launching a fully digitalised mortgage platform to transform the mortgage application process. Launched this month, The Mortgage Hub will speed up the ‘outdated and cumbersome’ mortgage application process and increase accuracy.
December 22, 2020
Target Group proud to participate in the Age at Work programme
We’re proud to participate in the Age at Work programme with BITC and Age Cymru, which works with businesses to recognise and value the skills and experience of older workers.
December 16, 2020
Target wins Gold at Welsh Contact Centre Awards!
We’re delighted to have been named joint Gold winners in the Inclusion Strategy category at the 2020 Welsh Contact Centre Awards.
November 17, 2020
Target’s Mortgage Hub Highly Commended in Mortgage Finance Gazette Awards
We are proud to announce that Target’s Mortgage Hub has been given the accolade of Highly Commended in the Innovation Award for Technology Providers in the 2021 Mortgage Finance Gazette Awards!
September 16, 2020
Target in the top 3 in the Digital Leaders 100 Awards!
We’re thrilled that Target RPA has reached the top 3 in the AI Innovation of the Year category.
June 23, 2020
Covid-19 Pandemic
We are fully operational and helping our clients’ customers by delivering essential financial services.
June 1, 2020
Target Group shortlisted for the Digital Leaders 100 Awards
We’re delighted to have been shortlisted in the Digital Leaders 100 Awards in the AI Innovation of the Year category.
March 4, 2020
At Target, we are #EachForEqual
On International Women’s Day, and every day, here at Target, we are committed to creating a workplace where all voices are heard and appreciated.
December 6, 2019
Target Group boosts public sector credentials with contract delivery and new senior appointments
Target Group, the business process services and software provider, has today announced the successful implementation of a new mandate for the Development Bank of Wales to provide a hosted loan administration system for Help to Buy Wales.
October 30, 2019
Target Group announces change of leadership
Ian Larkin steps down after 5 years at the helm and Catherine Rowe a former senior executive at Fujitsu to take over following FCA approval
October 2, 2019
South Wales based success story Target Group celebrates 40 years
Target Group, the business process services and software provider is today celebrating its 40th year as a successful South Wales business.
October 1, 2019
Target Group’s 40 Years of Innovation
Founded in 1979, the company employs over 1000 staff – mainly in Cardiff and Newport offices. The global service provider has over 50 private and public sector renowned clients including DVLA, RBS, Barclays and Santander. Mayor of Newport set to mark its contribution to the region at special commemorative event.
September 30, 2019
Target Group hires mortgage expert Katie Pender to drive disruption in mortgage market CX
Target Group, the financial services outsourcing and software provider, has today announced the appointment of Katie Pender as its new Senior Solutions Lead.
September 11, 2019
Target Group strengthens board with Non-Executive Director appointment
Target Group has today announced the appointment of Aileen Wallace as an Independent Non-Executive Director and Board Member.
September 5, 2019
Target’s Women in Finance Charter commitments
At Target we’re committed to driving Diversity and Inclusion, that’s why we’ve signed up to the Women in Finance Charter. Here are the commitments we've made to meet the Women in Finance Charter.
August 27, 2019
Target Group hires Mark Gilliver as Business Development Director
Target Group has today announced the appointment of Mark Gilliver as its new Business Development Director. Drawing on many years of experience in the financial services sector his new position will focus on business development, client services and operational transformation.
April 3, 2019
Target Group reduces gender pay gap well below industry average as it champions diversity
Target reduced its gender pay gap by 4.8 percentage points to 22.5%, considerably below the industry average of 33.4%*. It also reduced is median pay gap by 5.5 percentage points to 15.1%, more than half the figure for the financial services and insurance sectors (35.7%*).
March 25, 2019
Target’s Sophie named Best HR Professional in Sector at Wales HR Awards
Sophie Grant has been named Best HR Professional in Financial & Professional Services for her role at Target Group at the 2019 Wales HR Awards, which recognises and celebrates the achievements of HR professionals across Wales.
January 24, 2019
Target Group boosts client services and business development teams with two new hires
Target Group has appointed financial services expert Neil Glover as Business Development Director. Target also adds to its Client Services team with David Facenfield joining as Client Development Director.
December 7, 2018
Target Group Comments: FCA publishes findings on long-term mortgage arrears
Terry Baxter, Director of Risk and Compliance at Target Group, said: “The FCA’s findings on how mortgage lenders treat customers who have long-term arrears is a timely and important study."
November 20, 2018
Target Group signs up to the Women in Finance Charter
Target Group, the business process outsourcing and operational transformation provider, has signed up to the Women in Finance Charter, an initiative from HM Treasury to build a more balanced and fair financial services industry.
October 5, 2018
Target Group strengthens its Client Services team with double hire
Target Group has appointed Marcella Rich to its Executive Committee as Director of Client Services.
June 7, 2018
Target Group to deliver TV Licensing’s ‘Simple Payment Plan’ pilot
Target will deliver TV Licensing’s payment plan trial aimed at those who most struggle to pay the licence fee.
May 7, 2018
Target enters Transfer Agency market with Bravura partnership
Target Group, the business process outsourcing and operational transformation provider, has today announced it is bringing an enhanced digital service solution to the transfer agency (TA) market for investment firms by partnering with Bravura Solutions.
April 1, 2018
Modern Slavery Statement 2018
February 21, 2018
Target shortlisted for Finance Team of The Year
We are delighted to announce we have been successfully shortlisted for Medium to Large Finance Team of The Year at The 2018 Finance Wales Awards.
September 18, 2017
Target Group announces new senior appointments
Target Group, the business process outsourcing (BPO) and operational transformation provider, has today announced several new senior appointments to its Board of Directors and within its leadership team.
July 26, 2017
Richard Gregory appointed as Chief Data Officer
Target Group, the business process outsourcing and operational transformation provider, has announced the appointment of Richard Gregory as the company’s Chief Data Officer (CDO).
July 12, 2017
Target Group recognised as an Investor In People
Target Group, the business process outsourcing and operational transformation provider, has been awarded accreditation against the Investors in People Standard, demonstrating their commitment to high performance through good people management.
June 22, 2017
Millennials: Attitudes to the lending market—Infographic
We spoke to 1000 millennials across the UK to get an understanding of what matters most to these borrowers when taking out a personal or unsecured loan
June 14, 2017
Target Group hires Iestyn Evans as new CFO
Target Group, the business process outsourcing and operational transformation provider, has today announced the appointment of Iestyn Evans as the group’s new Chief Financial Officer (CFO).
May 30, 2017
Target Group announces a fourth consecutive year of growth
The figures from the 2016 financial year reveal EBITDA increased 61% to £11m while turnover climbed 26% to £64.1m. The continued growth comes alongside the acquisition of the Group by Indian software giant Tech Mahindra, which provides a strong platform for Target to further develop the products, services and solutions for clients, as well as look to broader sectors.
May 17, 2017
Industry leaders combine to create new cutting edge Broker Portal
Three of the second charge industry’s leading lights have combined to create a new broker portal, Smart Money Sourcing
May 12, 2017
Boris Johnson and Angela Jones-Evans visit Target Group’s Newport headquarters
We were delighted to host the Foreign Secretary and the Conservative parliamentary candidate for Newport West today. The visit is recognition of the continued success of the company and the contribution Target Group has made to Wales and the wider UK economy.
May 5, 2017
Target awarded Business Transformation Management Team of the year
We are delighted to announce that we were awarded the ‘Business Transformation Management Team’ of the year award for Wales and the South West at the recent British Venture Capital Association dinner.
March 20, 2017
Bridging Finance Solutions selects Target’s Bluechip Web Portal to help double turnover
Target Group has signed a deal to supply its new Bluechip Web Portal to Bridging Finance Solutions (BFS), the short-term property finance provider.
March 14, 2017
Nava Finance appoints Target Group
Nava Finance Limited has appointed financial services outsourcing specialists, Target Group to service its loan platform.
March 7, 2017
Target Group wins Best Customer Engagement at Welsh Contact Centre Awards
We are delighted to announce that we have been awarded Best Customer Engagement at the 2017 Welsh Contact Centre Awards.
January 12, 2017
Target Group announces acquisition of Commercial First
Target Group, the financial services outsourcing and software business, today announces the purchase of the operating business of Commercial First.
December 15, 2016
DVLA selects Target Group following award winning year
Target Group, the financial services outsourcing and software provider is delighted to announce the signing of a new two year contract with the DVLA for their award winning payments system.
November 25, 2016
The Future of Partnerships
By 2020 the world will have over 20 billion connected devices, affecting everything from the way you sleep to how you run your businesses. The Wall Street Journal, Target Group and Tech Mahindra have come together to share their thoughts across digital, disruption, automation and specialization, in this connected reality.
November 3, 2016
Brand loyalty a double edged sword to the ANZ insurance industry
Results uncovered by Target Group in their latest whitepaper; Myth v Reality, the expectation gap in the ANZ insurance industry, provides tangible evidence of strong brand loyalty.
October 21, 2016
Target Group wins Best Online Payments Solution (Consumer) at the 2016 Payments Awards
We are delighted to announce that yesterday evening we were awarded “Best Online Payments Solution (Consumer)" at the 2016 Payments Awards in London.
October 10, 2016
Target Group hires Jeremy Edwards as Chief Client Officer
Target Group, the financial services outsourcing and software provider, has today announced the appointment of Jeremy Edwards as the company’s Chief Client Officer (CCO).
August 24, 2016
FCA approves Tech Mahindra acquisition of Target Group
Target Group, the financial services outsourcing and software provider, has welcomed the FCA’s confirmation that it has formally approved Target’s acquisition by Tech Mahindra, a global specialist in digital transformation.
August 9, 2016
New research on Target Group
TechMarketView, the software and IT services research company, has recently undertaken new research on Target Group.
August 2, 2016
Target shortlisted for Payments Awards 2016
We're delighted to have been shortlisted for The Payments Awards "Best online payments solution (consumer)" for our work with our client DVLA
July 13, 2016
Ian Larkin, Co-Group CEO responds to the latest CML lending trends data
The really pressing question for lenders now is what next following the Brexit vote?
July 5, 2016
Target Group reports third consecutive year of strong growth
Target Group, the financial services outsourcing and software provider which announced last month that it is to be acquired by leading global information technology specialist Tech Mahindra, has reported a third consecutive year of strong growth in its annual results.
June 15, 2016
Specialist Financial Services chooses Target Bluechip’s Broker system
Target Group, the financial services outsourcing and software provider, has signed a deal to supply its Bluechip Broker system to Specialist Financial Services, one of the leading UK specialist broker packagers of second charge, bridging and commercial finance.
June 12, 2016
UK insurance industry facing customer expectation gap according to our latest whitepaper
The Expectation Gap in the UK Insurance Industry has revealed that 40% of consumers do not believe that insurers treat customers well
June 7, 2016
Target Group creates over 250 new jobs as it prepares for further growth
Target Group, the financial services outsourcing and software provider, today announces it has created over 250 new jobs. The planned expansion is a continuation of the firm’s strong performance in recent years and follows last week’s announcement of its acquisition by global multi-national specialist in digital transformation, Tech Mahindra.
May 27, 2016
Target Group to be acquired by Tech Mahindra
The management team behind Target Group, the financial services outsourcing and software provider, has welcomed today’s announcement of the acquisition of the business by global multi-national specialist in digital transformation, Tech Mahindra. The transaction is subject to FCA approval; completion will take place once this is confirmed.
May 13, 2016
Award winning Target
We are extremely proud to announce that last night we were awarded "Best Credit Services Provider" at the 2016 Credit Today Awards in London.
April 19, 2016
Leading P2P provider Ratesetter appoints Target
Target Group, the financial services outsourcing and software business, has been appointed to provide standby servicing to Ratesetter one of the UK’s leading peer-to-peer (P2P) lending platforms. With the UK’s alternative finance market valued at £3.2bn, long-term resilience planning in what is a rapidly growing market is crucial.
April 14, 2016
Target announce the integration of Twenty7Tec’s sourcing software
Target Group, the financial services outsourcing and software provider has announced the integration of Twenty7Tec’s mortgage and secured loan sourcing software into the firm’s broker management system, ‘Bluechip’. The integration will mean LoanSource (Twenty7Tec’s secured loan sourcing system), and later MortgageSource (its mortgage sourcing system) will be available on the Bluechip platform, allowing users to conduct detailed analysis of the secured lending options available to them.
April 4, 2016
Target Group strengthens ANZ presence with two key appointments
As a result of continued growth, Target Group, the financial services outsourcing and software provider, today announces the appointments of Gurraj Bhachu and Thais Bottieri to further strengthen its team in Australia and New Zealand.
March 9, 2016
Pivot Finance selects Target Bluechip’s market leading Bridging Finance system
Target Group, the financial services outsourcing and software business, has been selected by Bridging and Development finance lender Pivot Finance to provide its Bluechip Lender system. The deal sees Target become the largest provider of systems to the Bridging Finance sector.
March 3, 2016
UK Lending: The Drivers of Change Infographic
At Target we are constantly looking to assess the current state of financial services in the United Kingdom, helping to provide optimised services for our clients. As part of this assessment, we recently published our latest research around the changing UK lending market.
February 24, 2016
Target awarded runner up at the CICM Awards
Target Group is delighted to have been awarded runners up in the 2016 CICM British Credit Awards for the category of Consumer Collections Team of the Year. Our team enjoyed a brilliant evening celebrating all the nominees’ efforts throughout the year, as well as thanking them for their hard work on continually developing our solution.
January 22, 2016
UK Lenders feel they are in the midst of a price war
January 19, 2016
Target shortlisted for FS Tech award
We’re delighted to have been shortlisted for Payments innovation of the year in the FS Tech awards alongside our client the DVLA. We delivered a solution that supported the launch of a Direct Debit payment facility of car tax. The process included initial Direct Debit set up, ongoing payment processing and provided information to their contact centre for customer enquiries.
November 24, 2015
Hope Capital chooses Target Bluechip’s bridging lending system
Target Group, the financial services outsourcing and software provider, has signed a deal to supply its bridging lending system to Hope Capital Bridging Finance, the Liverpool based short-term property finance provider. Target Bluechip consists of a number of innovative software solutions which are designed for finance brokers and short term lenders, it is the largest supplier of systems to UK bridging lenders.
November 20, 2015
Steve Haggerty reviews competition in the mortgage market
The FCA has recently initiated a review into competition in the mortgage sector as it’s clear that the current dynamic is not working at the optimum efficiency and consumers are losing out.
November 19, 2015
Target highly commended for Mortgage Finance Gazette award
Target Group has today been highly commended for the ‘Best Debt/ Arrears Management Strategy’ category in the Mortgage Finance Gazette Awards 2015. The industry has acknowledged that lenders need to have effective arrears management processes in place to help customers with fall into debt. The ‘Best Debt/ Arrears Management Strategy’ category called for examples of innovative solutions that are helping customers in this way.
November 4, 2015
Target recognised in two industry awards
Target has had a successful few months with recognition in the Corporate Vision Technology Innovator awards and an improved position in the IDC Fintech rankings.
September 17, 2015
Target Group is appointed as servicer following the purchase of Barclays UK Secured Lending portfolio
We are delighted to announce that Target Group have been selected to provide Third party administration and customer services in support of the purchase of Barclays’ UK Secured Lending portfolio by a group, including Goldman Sachs, Elderbridge and Pollen Street Capital.
September 14, 2015
Target Group announces plans to create over 100 new jobs in South Wales
Target Group, the financial services outsourcing and software provider, has today announced it is creating over 100 new jobs in South Wales. The jobs will be based in Cardiff and Newport and will include roles in IT, customer services, collections and compliance. The vacancies are as a result of a number of significant contract wins for Target who with the new roles will now employ over 700 people across its 7 offices with 450 employees based in South Wales. The additional jobs will make Target a significant employer in the area.
August 11, 2015
Growth leads to Board changes
Target Group, the financial services outsourcing and software provider, has today announced a number of changes to its Board, including the promotion of Ian Larkin and Bill Alley to the role of Co-Group CEO and the appointment of Paddy Byrne to the role of Chairman. Following another year of significant growth the Target Board has chosen to restructure the Board and governance to build on its achievements to date and to prepare the business for further growth in the future.
June 15, 2015
Bridging Finance Solutions chooses Target Bluechip
Target Group, the financial services outsourcing and software provider, has signed a deal to supply its Bluechip system to Wirral based Bridging Finance Solutions, the short-term property finance provider. Target will also provide Bridging Finance Solutions with several tailored system enhancements to meet the lender’s specific requirements, including system automation, smart document and statement production.
June 5, 2015
Mortgage Finance Gazette Lunch Club sponsored by Target “Innovation and choice in the non-prime mortgage market”
There is a demand for specialist lending but there is also a need for innovation in the various part of the market that the’ non-prime’ label covers.
May 20, 2015
Distribution Strategies in Insurance Infographic
We at Target are committed to providing the very best in financial services to our clients; including loan servicing, mortgage servicing, and the latest software
April 29, 2015
Target Group signs new deal with Direct Money
Target Group, the financial services outsourcing and software provider, has signed a multi- year deal to provide their omni-channel product and accounting solutions to Direct Money, the financial services digital affinity provider in South East Asia.
April 2, 2015
Target Group more than doubles profits in 2014 financial year
Target Group, the financial services outsourcing and software provider, has today revealed it has more than doubled its profits in the 2014 financial year. The company posted EBITDA of £5.5m in 2014 - a £3.3m increase on the 2013 figure of £2.2m. Turnover increased by over £11m over the same period from £34.7m to £46.1m.
April 1, 2015
Target Group enters UK Structured Products Market as product manufacturer and distributor
Target Group, the financial services outsourcing and software provider, today announces it is entering the UK structured product industry as a new product provider. This move will see Target designing Retail Structured Products and distributing via Intermediaries under the brand “Hartmoor Financial”.
March 19, 2015
A quarter of consumers find buying insurance online confusing, says Target Group
Over a quarter of consumers (28%) find buying or looking for insurance online confusing, according to new research from the financial services software and outsourcing provider Target Group.The research asked consumers for their perspective on insurers’ online efforts, how they prefer to communicate with insurers and what factors influence how they buy insurance products.
February 3, 2015
Target Group appoints Mark Cutts as Sales Director, IP & BPO
Target Group, the financial services outsourcing and software provider, today announces the appointment of Mark Cutts as the firm’s Intellectual Property (IP) and Business Process Outsourcing (BPO) Sales Director. With over 20 years’ experience in the global financial services industry, Mark has worked with companies such as Fiserv, Sema Group and HSBC.
January 15, 2015
Target nominated for industry award
Target have been nominated for the FS Tech awards 2015 for Best Use of IT in Retail Banking & Insurance for its work for Welcome Finance. By implementing an account and arrears management system, we have enabled Welcome Finance to reduce its annual IT costs from £7.5million to £2.5million
November 6, 2014
Secure Trust Bank chooses Target for collections software
Secure Trust Bank plc has selected Target to deliver a arrears management system to optimise collections and increase efficiency across a wide range of loan portfolios. The tailored arrears system will manage the bank's loan portfolios for motor finance, retail finance and unsecured loans which operate under the Moneyway trading name.
November 5, 2014
Target achieves an initial Special Servicer ranking from Standard and Poor’s and reaffirms Above Average Primary Servicer rating
Target is pleased to announce that Standard & Poor’s (S&P) has awarded the group a Special Servicer Rating at its first attempt. In addition, it has also confirmed that Target has maintained its “Above Average” rating for primary servicing.
October 29, 2014
Target moves into portfolio ownership
Target Group, the financial services outsourcing and software provider, has today announced that it has gone live with its first acquisition of a secured loan portfolio. The acquisition forms part of Target’s ambitious growth strategy, and has been carried out in partnership with Arrow Global.
October 24, 2014
Yorkshire Building Society re-launches buy-to-let with Target
Target has strengthened its mortgage market presence with another contract win - and welcomes new outsourcing client Yorkshire Building Society.
October 24, 2014
Steve Khan appointed Sales Director Loans Servicing
Target Group, the financial services outsourcing and software provider, today announces the appointment of Steve Khan as the firm’s Loan Servicing Sales Director. Steve’s expertise in the financial services industry ranges across retail mortgage origination, capital market and servicing.
October 20, 2014
John Miles appointed as new Insurance Product Manager
Target Group, the financial services outsourcing and software provider, has today announced the appointment of John Miles as Product Manager, Insurance. John will be responsible for driving the strategy for Target Group’s IF Channel and IF Fullcycle products.
October 18, 2014
Terry Baxter joins Target Group as Risk and Compliance Director
Target Group, the financial services outsourcing and software provider, today announces the appointment of Terry Baxter as the firm’s Risk and Compliance Director.
October 15, 2014
Target Bluechip secures deal with Chaseblue Loans
Target bluechip, the loan and mortgage broker software provider, has won a contract to supply its broker management system to Chaseblue Loans, one of the leading UK specialist broker packagers of second charge, bridging and commercial finance.
October 14, 2014
David Tweedy joins Target Group as Market Relations Director
Financial services outsourcing and software provider Target Group has made a key appointment with David Tweedy joining the Executive Committee.
October 14, 2014
Morgan Stanley appoints Target to manage significant investment portfolio administration
Morgan Stanley has appointed financial outsourcer and software solutions company Target Group to provide administration services for one of its UK retail structured investment products portfolios.
October 5, 2014
Target announces smooth MMR transition
Following Saturday’s MMR deadline, Target Group, the financial services outsourcing and software provider, announces today that it had a smooth transition to the new MMR regulations, having been ‘MMR ready’ ahead of the deadline.