Category: Press Releases

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.

Target Group awarded Investors in People

We’re all pretty chuffed! That’s because Target’s been awarded the Investors in People standard!

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.

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 Launched this month, The Mortgage Hub will speed up the ‘outdated and cumbersome’ mortgage application process and increase accuracy.

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.

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.

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!

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.

Covid-19 Pandemic

We are fully operational and helping our clients’ customers by delivering essential financial services.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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%*).

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.

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.

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."

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.

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.

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.

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.

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.

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.

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).

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.

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

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).

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.

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

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.

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.

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.

Nava Finance appoints Target Group

Nava Finance Limited has appointed financial services outsourcing specialists, Target Group to service its loan platform.

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.

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.

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.

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.

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.

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.

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).

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.

New research on Target Group

TechMarketView, the software and IT services research company, has recently undertaken new research on Target Group.

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

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?

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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”.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.