February 8, 2021
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 26, 2021
With tough new lockdown measures across the UK to counter a surge in Covid-19 cases, businesses and citizens are once again struggling.
January 21, 2021
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 Launched this month, The Mortgage Hub will speed up the ‘outdated and cumbersome’ mortgage application process and increase accuracy.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
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
We’re delighted to have been named joint Gold winners in the Inclusion Strategy category at the 2020 Welsh Contact Centre Awards.
November 21, 2020
We take a look at some key steps that lenders can take to avoid customers falling into arrears.
November 17, 2020
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!
October 28, 2020
As lenders get ready for repayment of BBLS loans from May 2021, take a look at the sheer scale of the BBLS challenge.
October 28, 2020
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
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
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
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 16, 2020
We’re thrilled that Target RPA has reached the top 3 in the AI Innovation of the Year category.
September 2, 2020
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
Beth Collins, Solutions Lead at Target Group, examines what matters most to Generation Z when looking for financial products and providers.
June 23, 2020
We are fully operational and helping our clients’ customers by delivering essential financial services.
June 18, 2020
What is remediation in financial services, and what is the most effective way for your business to deliver a remediation programme? Learn more here.
June 1, 2020
We’re delighted to have been shortlisted in the Digital Leaders 100 Awards in the AI Innovation of the Year category.
June 1, 2020
Katie Pender, Senior Solutions Lead, takes a closer look at new key challenges facing financial services in 2020 and beyond.
May 29, 2020
We take a look at how businesses can adjust to the short and mid-term demand increase for servicing collections and arrears.
May 27, 2020
It's critical that local authorities and central government are well-prepared for an influx of financial support requirements as the lockdown is eased. Local authorities should be able to provide such support with empathy and fair treatment, despite tightened purse strings.
May 19, 2020
Business Process Outsourcing (BPO) has been a well-used and successful business model across many sectors, including financial services. But to ensure success, it's critical when procuring a BPO service that teams involved in the procurement take into account a series of key factors in their decision-making.
March 31, 2020
Geraint Chamberlain, Head of Platform Solutions at Target Group, looks at the government’s new Term Funding Scheme.
March 30, 2020
In Executive TV’s programme ‘Digital Transformation: Clients & Consumers', Target Group, along with Entec SI and Fathom, discuss what digital transformation involves and why it will play a key part in any organisation's future.
March 27, 2020
Target’s Business Development Director for Public Sector, Richard South, explains how Target Group can support the public sector in the digital transformation.
March 4, 2020
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.
January 21, 2020
You might have heard all about it as it grows in popularity, but what is RPA (Robotic Process Automation) and why does it matter? We break it down in this post.
January 5, 2020
Business Process Outsourcing (BPO) is a popular business model where standard business processes are undertaken by a third party or subcontractor. Processes such as administration, customer services and document processing are often outsourced when the organisation is experiencing one or more challenges.
December 6, 2019
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
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
Target Group, the business process services and software provider is today celebrating its 40th year as a successful South Wales business.
October 1, 2019
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, 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 has today announced the appointment of Aileen Wallace as an Independent Non-Executive Director and Board Member.
September 5, 2019
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 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 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
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.
February 15, 2019
In the new and exciting world of robotic process automation (RPA) the same kind of thing could be said – don’t automate your problems – yet today again many banks and financial services institutions are rushing headlong into digital programmes without considering what they are automating.
January 24, 2019
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.
January 16, 2019
Trying to forecast what the market might look like is a difficult enough task at the best of times. But when faced with the backdrop of the current political and economic uncertainty, making predictions is increasingly difficult.
January 3, 2019
Charities are increasing their pressure on the finance industry to do more to protect its customers from their own spending. With Barclays introducing ways for its debit cards to be ‘switched off’ to certain types of spending, will we see such features extend further into all retail finance?
December 7, 2018
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, 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 23, 2018
The panic across businesses and organisations in the months running up to 25 May 2018 was palpable. GDPR was coming, and it was going to disrupt operations, occupy the busy diaries of CIOs, CDOs and CEOS, as well as costing a fortune to implement.
October 5, 2018
Target Group has appointed Marcella Rich to its Executive Committee as Director of Client Services.
September 19, 2018
What is The Digital Age? How do we fill in the gaps in our data? How do we succeed at digital? Some of the questions posed and answered at the Information Builders International Summit
September 5, 2018
The first children who had Child Trust Funds (CTFs) opened for them in September 2002 are soon to be turning 16, enabling them to take control of the fund from their parents or guardians.
July 19, 2018
Fund providers have had a lot to grapple with since the financial crisis more than ten years ago. Sweeping regulatory changes, the rise of passive investing
June 7, 2018
Target will deliver TV Licensing’s payment plan trial aimed at those who most struggle to pay the licence fee.
May 7, 2018
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.
February 21, 2018
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.
November 13, 2017
Part of running any successful business is understanding how your market and your customers are changing and there is no doubt that in mortgages and lending expectations are rising.
September 18, 2017
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.
September 13, 2017
In lenders' boardrooms up and down the country there is a dawning realisation that to stay relevant they will have to increasingly appeal to a younger, more digitally-savvy demographic.
July 26, 2017
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, 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 30, 2017
Once again politics has taken centre stage after the snap election threw up some intriguing results. The political train even stopped by Target’s offices in Newport in May as we welcomed the Foreign Secretary Boris Johnson.
June 22, 2017
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, 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
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
Three of the second charge industry’s leading lights have combined to create a new broker portal, Smart Money Sourcing
May 12, 2017
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
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.
April 11, 2017
Digital processes are now increasingly commonplace in the lending industry. Numerous challenger organisations have launched in the past decade, each looking to disrupt the market and steal a significant share from established firms.
March 20, 2017
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 Limited has appointed financial services outsourcing specialists, Target Group to service its loan platform.
March 7, 2017
We are delighted to announce that we have been awarded Best Customer Engagement at the 2017 Welsh Contact Centre Awards.
January 17, 2017
For the past decade, the All-blacks have undoubtedly been the dominant force in world rugby and arguably in world sport. Whilst watching them recently, I was struck by how they continually seem to a step or two ahead of the pack.
January 17, 2017
Following the announcement of our acquisition by Tech Mahindra, this year is already shaping up to be an exciting one for us as we look forward to the next stage in our growth.
January 12, 2017
Target Group, the financial services outsourcing and software business, today announces the purchase of the operating business of Commercial First.
December 15, 2016
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
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
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
We are delighted to announce that yesterday evening we were awarded “Best Online Payments Solution (Consumer)" at the 2016 Payments Awards in London.
October 12, 2016
All indications are that lending has bounced back this month after a dip in July and August. Fears that the market may be cooling over the longer term post the referendum seem unfounded as first time buyer activity in particular is increasing, which is encouraging.
October 10, 2016
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).
September 29, 2016
As Co-Group CEO at Target Group I’m often fortunate enough to have a front row seat to witness genuine innovation in financial services. Recently there have been some changes in the lending market in particular that seem to portent exciting times ahead.
September 29, 2016
In a relatively short space of time the number of ISA wrappers available to investors has increased and therefore the level of complexity associated with each product has increased too.
September 29, 2016
As the dust continues to settle following Brexit, the economic landscape is at least becoming a little clearer. The Bank of England has acted by cutting the base interest rate, to a new historic low of 0.25%.
August 25, 2016
The result of the EU Referendum unleashed a wave of uncertainty as central banks, investors, spenders, savers and borrowers alike watched on to see how the result hit the economy.
August 24, 2016
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 21, 2016
The past month has seen momentous events unfold in Britain and for its European partners. Although the UK has undoubtedly entered a new era, negotiations may well not start for some time and political uncertainty is likely to dominate the country’s agenda for the foreseeable future.
August 9, 2016
TechMarketView, the software and IT services research company, has recently undertaken new research on Target Group.
August 2, 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
The really pressing question for lenders now is what next following the Brexit vote?
July 5, 2016
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
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
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, 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
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 16, 2016
The confluence of an ageing UK population, house price inflation and new pension freedoms all point to the importance of finding solutions to the question of how our industry best lends into retirement.
May 13, 2016
We are extremely proud to announce that last night we were awarded "Best Credit Services Provider" at the 2016 Credit Today Awards in London.
May 11, 2016
The lending market looks to have entered another cycle over the past few years.
April 26, 2016
We’re delighted to kick of this edition with the fantastic news that we were named as ‘Best Credit Services Provider’ at the recent 2016 Credit Today awards.
April 19, 2016
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 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.