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Data Analytics

Data Analytics

Whether they realise it or not most large organisations are awash with valuable data. More often than not, there is a mountain of information tucked away in a number of departments, in varying states of accessibility, accuracy and formats.

Target Group appoints Mark Cutts as Sales Director, IP & BPO

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.

The Regulatory Year Ahead

The Regulatory Year Ahead

2014 was an eventful year for Financial Services! The introduction of the Mortgage Market Review (MMR), as well as the implementation of the Consumer Sourcebook kept everyone busy and 2015 looks like it will be more of the same.

What will the mortgage market look like in 2015?

What will the mortgage market look like in 2015?

We have seen some significant changes in the mortgage market over the last year, the most substantial being the implementation of the Mortgage Market Review (MMR) in April. Undoubtedly one of the most extensive pieces of legislation the sector has witnessed in the last decade.

Target nominated for industry award

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 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.

Insightful research into borrowers spending habits

Insightful research into borrowers spending habits

We recently partnered with YouGov to conduct a research survey of 2000 consumers looking into the borrowers spending habits in the wake of the Mortgage Market Review.

Target achieves an initial Special Servicer ranking from Standard and Poor’s and reaffirms Above Average Primary Servicer rating

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.

A change is gonna come…

A change is gonna come…

Received wisdom within financial services is that consumers of financial products don’t like change. Inertia is often cited as a major issue across a diverse range of financial products. Whether it is bank accounts or remortgage rates, it does seem that people often need to be reminded or cajoled into securing a better deal for themselves and, even then, they can be reluctant to act. So why is that the case?