Tagged: bad debt

Many Buy Now, Pay Later or BNPL Fintechs in Australia are Not Properly Regulated, which Poses Serious Risks, Industry Exec Claims

December 21, 2020 @ 9:27 pm By Omar Faridi |

Grant Halverson, CEO and MD at McLean Roche Pty Ltd, has noted that Fintech-related risk has increased dramatically this year and has been “aided by ‘free’ central bank money, exuberant VCs, private equity and run away share markets.” Halverson pointed out that Australian Buy Now,… Read More

Read more in: Fintech, Global, Opinion | Tagged australia, bad debt, bnpl, buy now pay later, consumer spending, financial risk, zip

Insolvency Firm Red Flag Alert Reports that UK Companies are Facing £1.86B in Losses due to Unpaid Invoices following COVID-19 Outbreak

December 12, 2020 @ 1:48 pm By Omar Faridi |

UK-based firms are facing losses of around £1.86 billion (appr. $2.46 billion) which could result from unpaid invoices, even though the nation’s businesses have received financial support from the government’s COVID-19 relief packages. Red Flag Alert, an insolvency company that assists businesses with safeguarding their… Read More