Hubsolv joins DEMSA as associate member
Leading Debt Management & Insolvency software solutions company, HubSolv, has signed up to DEMSA as an Associate Member.
As Kevin Still, CEO of DEMSA explains, the addition of this technology company as an Associate Member extends the range of expertise available to the debt advice and debt solution companies that are full and affiliate members of the Association. “Our goal at DEMSA is to partner with Associate Members that help our Member companies to operate best practice, using compliant systems and processes.
“The FCA Thematic Review into the quality of debt advice, published in June 2015, not only looked at the delivery of advice but the systems & controls in place to be able to deliver the right outcomes for indebted consumers. Recruiting Associate Members like HubSolv is, therefore, an important part of what we can deliver to our Members to help them comply with FCA regulations. It is also important for system and software providers to be aware of the challenges facing our members and to incorporate the appropriate level of functionality and non-functional aspects, like data security, into their platforms.”
HubSolv was formed in 2014 by two credit industry professionals who recognized the constant battle to bridge systems and processes together to qualify and manage personal insolvency and debt management cases. With a focus on taking the dependency on paperwork out of the relationship between people struggling with debt and creditors and insolvency practitioners, HubSolv creates a command centre for insolvency and debt management companies to effortlessly interact with creditors and debtors and progress cases painlessly and efficiently.
With more than 50 debt solution member firms, including personal insolvency specialists, DEMSA represents over 300,000 DMPs, amounting to well over 2 million credit agreements and billions of pounds of debts under management. There is also a growing number of Associate Members, including compliance, training, specialist insurance brokers (e.g. PII cover) and specialist software providers.
Associate Membership is applicable for a variety of companies that support the debt and insolvency sector, including technology and systems providers and training specialists. Associate Membership starts at £250 per annum.