MEM Consumer Finance Ltd

The payday loan industry, also known as payday advance or cash advance, is one of the fastest-growing segments of the consumer finance industry in the UK. MEM Consumer Finance Ltd is a leading industry participant, owning the UK’s widest portfolio of payday loan brands.

ParkerFox are responsible for the architecture and implementation of the company’s LoanBook system capable of managing all aspects of its business. This ranges from the creation and instant deployment of new brands to the day-to-day managing of outstanding loans, expense claims, fraud screening and reporting. The system also provides customers with the convenience of repaying and applying for new loans online.

MEM was recently acquired by CompuCredit, a large American corporation. A crucial part of the sale was a reciprocal deal with ParkerFox to continue providing their technology as they diversify their product offering worldwide.

Visit corporate site: www.mem-cf.co.uk