Xactium has been selected by Morses Club, one of UK’s largest home credit providers offering small cash loans through a network of branches.
Morses Club is the UK’s second largest home collected credit (“HCC”) lender with approximately 200,000 customers nationwide and a management team with significant experience in UK HCC and consumer finance. It has approximately 1840 agents across 100 locations throughout the UK.
Morses Club will be migrating its risk management data from spreadsheet documents and web forms to Xactium. This will place all risk management data in one configurable system allowing managers to input data, access dashboards and live reports.
Andy Evans, Managing Director, Xactium says: “I’m very pleased to announce that Morses Club have selected Xactium for our market leading risk solution and expertise in delivering our solutions to the financial service sector. We are looking forward to wotking with Morses Club.
Xactium is a cloud based Risk Management software vendor that is changing the way that regulated organisations regard and manage their risk. Our flexible and collaborative platform ensures that organisations such the FCA, Direct Line Group, JLT and Homeserve can stay up to date and respond rapidly to both business and regulatory change.
Our advanced reporting capability provides a centralised, real-time view of all your risks, controls, actions and incidents. Flexible analytics and workflow tools enable timely and accurate information for decision making and rapid response to escalating issues and risks.
About Morses Club
Morses Club is currently the second largest UK Home Collected Credit lender with approximately 200,000 customers and approximately 1,840 agents across 100 locations throughout the UK.
The Company markets a range of loan products through a combination of traditional and online marketing channels. A significant majority of the Company's borrowers are repeat customers and the Company enjoys consistently high customer satisfaction scores, of at least 95 per cent.
Morses Club traces its history back over 130 years and entered the UK HCC market in 1997. The Company merged with Shopacheck Financial Services in 2015.
Morses Club was listed on FTSE AIM on 5 May 2016.