Credit risk stories
UK credit card debt up as spending slows, missed payments rise
2 days ago
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data analytics
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credit risk
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predictive analytics
UK credit card debt rises as spending drops 6.8%, with average balances hitting GBP £1,845 and missed payments surging 23% in March 2025.
Global financial leaders awarded for digital risk innovation
Last month
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data analytics
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digital transformation
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fintech
Andy Lawrie of Nationwide wins FICO Decision Hero Award for leading credit decision overhaul, boosting efficiency and compliance in financial services.
Entercard adopts FICO to boost fraud detection in Nordics
Last month
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data analytics
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digital transformation
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cx
Entercard adopts FICO's AI-powered platform to enhance fraud detection and prevention across the Nordic region, improving security and customer experience.
UK credit card balances & missed payments on the rise
Thu, 1st May 2025
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fintech
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credit card fraud
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financial institutions
FICO's UK report warns of rising first-party fraud amid financial strain, as average credit card balances grow and missed payments increase year-on-year.
UK fintech Lenkie raises GBP £49m to boost SME financing
Wed, 5th Mar 2025
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credit risk
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entrepreneurship
UK fintech Lenkie has secured GBP £49 million in Series A funding, aiming to transform payables financing for SMEs amid a £22 billion funding gap.
Australia & NZ invest in AI to enhance lending decisions
Tue, 26th Nov 2024
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uc
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data analytics
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genai
Experian's study reveals Australian and New Zealand financial leaders are increasingly investing in AI and automation to enhance lending efficiency.
Australian fintech RDC partners with major US bank M&T
Tue, 28th May 2024
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biometrics
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fintech
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risk & compliance
Rich Data Co secures its first US client with M&T Bank Corporation, integrating AI to enhance the bank's risk management and lending strategies.
Aryza Group launches Aryza Decide for improved credit risk management
Wed, 20th Mar 2024
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financial institutions
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credit risk
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modernisation
Aryza Group unveils dynamic, standalone system, Aryza Decide, geared to revolutionise credit risk management in the lending industry and encouraging operational efficiency.
Dow Jones and Oliver Wyman launch predictive credit risk tool
Thu, 11th Jan 2024
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ai
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transparency
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fraud
Dow Jones partners with global consulting firm Oliver Wyman to develop Factiva Sentiment Signals, an AI-driven tool able to anticipate credit downgrades using news data, up to three months early.
London fintech TRIVER secures £20m to transform SME finance access
Wed, 22nd Nov 2023
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ai
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insurance
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swoop
London-based fintech, TRIVER, secures £20m in funding to revolutionise SME access to finance through Open Banking and AI.
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Milena Malev Joins illion as Chief Product Officer
Tue, 22nd Aug 2023
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data analytics
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bi
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big data
Milena Malev joins illion as Chief Product Officer, bringing extensive experience in the banking and insurance industry. #ExecutiveAppointment.
Banks Are Getting to Know You Better - What’s in it for Customers?
Thu, 23rd Feb 2023
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dr
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cloud services
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transactions
At the recent Australian Retail Credit Association Credit Summit, FICO’s Head of Scoring Solutions, Steven Brown, spoke about global credit risk trends.
DataRobot AI solution for CIMB Bank recognised at Asset Triple A Digital Awards
Thu, 9th Jun 2022
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robots
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fintech
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rpa
CIMB Bank Berhad wins Best Financial AI Project in Malaysia at The Asset Triple A Digital Awards 2022 with its AI platform developed by DataRobot.
Survey reveals NZ businesses dipping into personal savings to stay afloat
Wed, 13th Apr 2022
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fintech
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smb
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prospa
According to new research from Prospa, 40% of Kiwi small businesses use personal savings to support operations.
Credit Clear bolsters digital customer journey with business analytics
Thu, 25th Nov 2021
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data analytics
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martech
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planning
Australian receivables management firm Credit Clear is using data analytics to improve its digital customer journey and provide more payment options.
Payments industry 'flying blind' as vulnerable consumers get caught in BNPL debt
Tue, 6th Jul 2021
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bnpl
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credit risk
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mobile plan
Buy now, pay later schemes could damage credit scores and harm vulnerable consumers, warns credit firm ClearScore.
Why cash is no longer king in Australia
Thu, 23rd May 2019
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b2b
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credit risk
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credit management
Australia atop in Asia-Pacific for B2B credit sales, yet 25% lack a credit strategy amid economic uncertainty.
New app conducts background checks on potential tenants
Tue, 11th Dec 2018
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data privacy
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credit risk
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landlords
Wellington-based startup Proper launches an app enabling landlords to conduct thorough background checks on potential tenants, ensuring trustworthy renters.
Digital Shadows discovers credit card crime ring cashing in on $24b a year
Tue, 25th Jul 2017
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risk & compliance
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cybersecurity
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credit card fraud
A professional ecosystem has emerged that is providing e-learning courses to allow aspiring cybercriminals to make USD$12k in monthly earnings.
Xero and Equifax piloting tool to help small businesses avoid bad debt
Fri, 5th May 2017
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fintech
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financial systems
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xero
The feature will let small businesses on Xero see the credit risk of their potential customers, suppliers and partners.