City Briefs: Morses Club and ITM Power
Birstall-based lender Morses Club has launched a remote lending process for new home collect credit (“HCC”) customers.
It enables the business to lend to new HCC customers for the first time since lockdown began in March.
The process allows Morses Club agents to deal with new loan applications whilst still adhering to social distancing rules and is a further step forward in the digitalisation of the Group to meet changing demand.
Customers’ details and credit scores will be electronically verified using independent data sources and loans will be paid directly into the customer’s own bank account.
Paul Smith, CEO of Morses Club, said: “This represents a significant step forward for Morses Club, as we have been restricted to lending to existing HCC customers since the beginning of lockdown in March.
“We are delighted to be able to leverage our existing technology platform to meet the regulatory requirements necessary to serve new customers remotely.
“We continue to operate carefully, with the safety of our customers, managers and agents of paramount importance and we look forward to being able to provide new customers with the support they need in these difficult times.”
Sheffield-based energy storage and clean fuel company ITM Power has announced that Robert Pendlebury has decided to retire from his role as a non-executive director with effect from 31 July 2020.
Sir Roger Bone, non-executive chairman of the Board, said: “I would like to thank Bob for his valuable contribution during his five years with us.
“We will miss his expertise and experience. On behalf of all of us at ITM Power, I wish him a long and happy retirement.”