News & Events

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Latest News

• Economists eye up Q4 as end of recession
  May 2009

  Leading global economists have forecast the UK recession to cease at the end of this year and the USA’s downturn to bottom out by September.

• Credit crunch hits secured lenders
  May 2009

  The credit crunch has hit secured lenders hard with new business in February down 83 per cent on the same month in 2008, according to a trade organisation.

• Lending data elevates outlook for 2009
  May 2009

  A series of reports on bank and building society lending are showing signs of improvement in levels of credit provided to mortgage borrowers and small firms.

• Smart Credit streamlines payday loans with a new website powered by Welcom Software’s leading loan management system, Financier.
  April 2009

  Smart Credit Ltd, a broker of payday loans has launched its new website, offering funding solutions to those with temporary cash flow problems. Powered by Welcom Software’s leading loan management system, Financier, Smart Credit is able to provide immediate financial support to customers and help avoid costly bank charges, through one simple application process.

• Welcom Software provides Financier Storecard Account Management system to Arnotts
  April 2009

  March 2009 - Welcom Software, supplier of class leading consumer and commercial lending software has been appointed by Arnotts to provide the Financier Storecard Account Management system to manage its customer accounts.

• Economy may shrink by 5.1 per cent
  April 2009

  The UK economy could shrink by more than five per cent by the end of the recession, according to the Confederation of British Industry (CBI).

• FSA unveils overhaul of banking regulation
  March 2009

  The Financial Services Authority (FSA) has published its long awaited proposals for an overhaul of banking regulation to prevent another crisis.

• Interest rates slashed to 0.5 per cent
  March 2009

  The Bank of England has cut interest rates to another record low of 0.5 per cent and confirmed plans to plough £75bn into the economy to boost bank lending.

• BoE warns of debt deflation trap
  March 2009

  The Bank of England (BoE) has warned that the UK is showing signs of a debt deflation trap - where consumers are squeezed by falling prices combined with rising indebtedness.

• Sub-prime lending may not return for five years
  February 2009

  Lending to sub-prime mortgage borrowers is not likely to return for at least five years, an industry leader has warned.

• Interest rates cut to 1 per cent
  February 2009

  The Bank of England's Monetary Policy Committee (MPC) has cut interest rates to a new record low of 1.0 per cent.

• OFT to consult on second charge lending
  February 2009

  The Office of Fair Trading (OFT) has launched a consultation on draft guidance for second charge lending.

• ONS releases positive online sales statistics as UK enters recession
  January 2009

  Average weekly value of internet retail sales in December 2008 rose to £238 million, 3.5% of total retail sales, says the Office for National Statistics.

• Big brother is watching
  January 2009

  This time last year, we asked economists what 2008 had in store for the credit industry. They fell into two camps: those who thought we were in for a storm and those who were more optimistic. "I don't think we're going to have anything approaching a recession," said Lloyds TSB's chief economist Trevor Williams. He wasn't the only one destined to be haunted by previous statements.

• CCJs still key indicator of higher lending risk
  December 2008

  In the era of data sharing and credit scoring, County Court Judgment (CCJ) listings on a credit file are still key indicators of high risk for lenders, according to research.

• Lending panel to monitor bank behaviour
  December 2008

  The government is to set up a lending panel to monitor lending to both business and consumers.

• Can retail get to grips with IT jargon?
  November 2008

  From tulip dresses to kitten heels, retail is awash with industry-specific terms, so does it matter if the IT department throws in a few more for good measure?

• Irresponsible lending report looms
  November 2008

  The Office of Fair Trading (OFT) will next week report on its consultation on irresponsible lending and plans to consult further before producing its practice guidelines by July 2009.

• Welcom Software Group to showcase its Financier software at this year's CCTA Conference
  November 2008

  The Welcom Software Group, supplier of class leading solutions in loan management, financial accounting, and retail software will be showcasing its loan management software - Financier at this year's annual CCTA conference - 20th November - St Johns Hotel, Solihull, Birmingham.

• Welcom Software signs deal with North East Lincolnshire Council
  November 2008

  The Welcom Software Group, supplier of class leading solutions in loan management software, eCommerce, financial accounting and retail software has been appointed by North East Lincolnshire Council to provide the commercial lending software solution for its Loan Fund scheme.

• Redkite Money moves to Welcom Software?s Financier Managed Hosting Solution
  September 2008

  Harrogate based Welcom Software, supplier of class leading solutions in consumer and commercial lending software, eCommerce, financial accounting and retail software has signed up RedKite Money to the managed hosted version of its leading loan management software solution Financier v7.06.

• Welcom Software Group defies the credit crunch with key client wins
  September 2008

  Harrogate based Welcom Software Group, supplier of class leading solutions in eCommerce, eMarketing, consumer and commercial lending, financial accounting and retail software is enjoying another record year.

• Sub-prime market in decline
  September 2008

  The number of lenders offering sub-prime products has dropped from 36 in July 2007 to just 13 today, a new study reveals.

• Lenders pushing loan rates up
  September 2008

  Loan prices have hit a seven year high after a rush of lenders increased rates on personal loans in the last month, Moneyfacts.co.uk has said..

• Foreign threat goes virtual
  August 2008

  Eastern European criminal gangs are already the scourge of UK retailers because of their prolific shoplifting activity.

• Ombudsman reports rising complaint levels
  August 2008

  The Financial Ombudsman Service (FOS) has reported a 30 per cent rise in the number of complaints it dealt with in the financial year 2007/08.

• Steady income helps
  August 2008

  Don't be surprised if the meaning of the word service changes dramatically in the next few years. Right now, in retail terms, it still refers to the concept of being assisted by a member of staff, probably in a store or call centre.

• OFT to lay down responsible lending law
  August 2008

  The Office of Fair Trading is to produce guidelines on irresponsible lending and collections practices.

• All quiet on the lending front
  July 2008

  The mortgage market is at its least active since the 1990s, the British Bankers? Association said today.

• Two sides to every story
  July 2008

  ERP systems tend to only ever make the headlines when they go wrong, but the positive impact they can have on a retail business is still tremendous.

• Credit crunch fuelling corporate fraud
  July 2008

  Business fraud is being accelerated by the economic slowdown as figures reach record heights, according to a report by accountants and business advisers BDO Stoy Hayward..

• Autumn launch planned for industry tracing code
  July 2008

  Code launch planned for CSA annual conference in September.

• Consumer spend to slow to 0.5% next year
  July 2008

  Consumer spending growth in the UK will slow to just 0.5 per cent next year as households face high energy and food prices and falling property values.

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