The Claven Group Ltd is one of the UK’s largest suppliers of field agent services to the financial services industry. Owning brands such as PSP, Fieldcall and DMS, they are well known in the arrears and collections arena, as well as, increasingly in recent years, other complementary markets such as insurance claim verification. With COVID-19 creating challenges for us all, we caught up with Andy Fowler to see how a specialist in the face-to-face home visits business is faring in these tough times.
The merging of technology with industry names has become very common. Today, the ‘tech’ suffix is combined with terms such as healthcare (HealthTech), property (PropTech) and education (EdTech) to form words that are entering into our everyday lexicon.
To hear about a company which has benefited from COVID-19 and the need for remote working, we reached out to Galina Goduhina, Commercial Director at ONLYOFFICE – a software office suite which features online document editors, a platform for document management, corporate communication, mail and project management tools.
As the UK enters a recession for the first time in 11 years, undoubtedly, the need for companies to cut overheads will only grow, so will sustainability programs be the first to go?
Whole sectors of the global economy remain shuttered, commerce is hostage to infection outbreaks, businesses face unprecedented solvency problems, while unemployment is set to explode. Global supply chains remain fractured. Consumption could plummet. Government deficits are expanding at a record pace to finance bailouts, support, furloughs and rescues. The outlook has never looked so dire, yet stock markets have risen to record levels, apparently ignoring the single most sudden, profound and destabilising shock in economic history.
With COVID-19 settling in to become the next part of our future, many are coming to the realisation that ‘it may never go away’ – similar to the “just for a night stay-over” which turns into “just a few more months please!”.
With Aruba now officially open for travellers from the United States, Canada and Europe, as well as visitors from neighbouring Caribbean countries, this tiny Dutch Caribbean isle off the coast of Venezuela could be a great option for a last-minute summer holiday!
We’ve seen some turbulent times during the first half of 2020. With the S&P 500 dropping more than 30% and now returning to positive for the year, volatility in the stock market has been unparalleled, to say the least. Just when there were high hopes for the recovery of the REIT market, things quickly changed for the worse. The broad index has fallen more than 10% in the past 3 weeks, and some individual companies in the retail and hotel space have dropped more than 20%.
It would seem that the financial industry is waking up to the huge potential offered by artificial intelligence (AI) and machine learning (ML). So much so that a Bank of England (BoE) and Financial Conduct Authority (FCA) survey revealed that over two-thirds of organisations within financial services already have live ML applications, with this level of usage due to double in the next three years.
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