What is consumer duty?
Many have asked this question in the UK as the FCA’s new Consumer Duty rules have come into effect. While these rules don’t define consumer duty per se, they do require financial services firms to put consumer duty into practice by acting to “deliver good outcomes for retail customers.”
Pepper Advantage appoints Holly Stewart as Director of People
The new position on the Pepper Advantage global executive team will focus on global talent development as a key priority. This underpins Pepper Advantage’s strategic plan to become a globally integrated business that benefits from creating global centres of excellence.
Leading Credit Intelligence firm Pepper Advantage doubles its India portfolio & expands its service offerings with AI/ML operations post Rieom.ai acquisition
Pepper Advantage India on strong upward trajectory after demonstrating yearly growth of almost 200% in assets under management (AUM) Set to add 5 new clients by March 2024 after 17 new client wins over the year
Meet Sinead Okosi, Head of Data and Analytics
At Pepper Advantage, we're committed to building centres of excellence, made up of talented individuals that embody a can-do spirit. This week, we shine the spotlight on Sinead Okosi, Head of Data and Analytics who joined the Pepper Advantage team in 2021. Sinead is responsible for the strategic...
Pepper Advantage sees highest growth in UK mortgage arrears rate since Financial Crisis
Global credit intelligence provider, Pepper Advantage, has published data on its UK residential mortgage portfolio that reveals an 11% jump in its rate of arrears The rise is consistent with a 33% year-on-year increase in the rate of loan repayment collection failures – or Direct Debit Rejections...
UK Mortgage Risks Rise
This report follows an article published in November 2022 that showed Direct Debit Rejection (DDR)1 rates were increasing across our portfolio, even as the rate of mortgages in arrears remained steady. It is important to note at the outset that our portfolio has a higher composition of borrowers...
Pepper Advantage obtains Indonesian licence to service non-bank credit providers
Global credit intelligence provider and specialist loan-servicer, Pepper Advantage, obtains Asosiasi Fintech Pendanaan Bersama Indonesia (AFPI) certification for managing assets on behalf of non-bank credit providers in the Indonesian market Indonesia has 112 non-bank fintech credit providers in a...
Pepper Advantage acquires Indian AI-driven credit management platform Rieom.ai
Global credit intelligence provider, Pepper Advantage, has acquired Rieom.ai, a specialist AI/ML-driven credit assessment software platform for the Asian markets Rieom.ai’s first mover advantage in a high potential Indian credit technology market, opens up opportunities to service a sizeable market...