UK Macroeconomic Snapshot - Resilience in early 2024 with Mixed Prospects Ahead
The UK economy showed resilience in early 2024, with GDP growing by 0.6% in Q1 after contractions in the previous two quarters. GDP per capita increased by 0.4%, marking the first rise in two years. However, the BoE forecasts subdued growth of just 0.2% for Q2.
UK Macroeconomic Snapshot – Shedding light on the diverse economic conditions
Amidst ongoing challenges, the UK's economic outlook continues to present a mixed picture. While inflation has eased slightly, particularly in food prices, persistently high inflation in services poses persistent challenges, potentially prolonging higher interest rates and adding pressure on...
Pepper Advantage Ireland Appoints Two New Non-Executive Directors
Dr Hillary Ray and Michael Gibbons join board, bringing significant financial services experience and oversight
Pepper Advantage appoints Aaron Milburn UK Managing Director
London, 20 February 2024 – Pepper Advantage, a global credit intelligence company, announces the appointment of Aaron Milburn as UK Managing Director. Aaron will lead Pepper Advantage’s UK business, which manages a portfolio of £20 billion in assets under management, effective immediately. He is...
PT Pepper Advantage Services Indonesia Announces Client Partnership with PT Bank Commonwealth Indonesia in Asset Servicing
Jakarta, Indonesia – PT Pepper Advantage Services Indonesia, a leading provider of asset servicing solutions, is delighted to announce its client partnership with PT Bank Commonwealth Indonesia, one of the country's premier banking institutions. This collaboration combines the expertise of two...
Press Release: Q4 UK Mortgage Arrears Climb Higher
29.5% annual jump in arrears across Pepper Advantage’s 100,000+ UK residential mortgage portfolio Arrears reach another post-financial crisis high Direct Debit Rejections, a form of missed mortgage payment and a leading indicator of borrower stress, grew 30.8% year-on-year Pepper Advantage’s...
Report: UK Arrears Continue to Climb in Q4
This report is the latest in a series that tracks mortgage data across Pepper Advantage’s UK portfolio of over 100,000 residential mortgages. It is important to note at the outset that our portfolio has a higher composition of borrowers who qualify for needs-based support and are therefore more...
Clay and Pepper Advantage Form Strategic Joint Venture to Power the Next Generation of Lending Startups
Joint Venture will see Clay’s Brandable Credit™ Platform integrated with Pepper Advantage’s proprietary loan management and data analytics platform Pepper Advantage invests seed funding; investment and joint venture will transform the fintech sector by providing a single, integrated platform that...