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Credit risk Stories

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Credit risk stories

FICO urges UK banks to boost personalisation amid switching
Digital Transformation

FICO urges UK banks to boost personalisation amid switching

Switching rose 43% in Britain last quarter, adding pressure on banks to tailor offers as digital-only accounts neared half of households.

By Sofiah Nichole Salivio • 4 min read • Yesterday
PayPal adds new Pay in 30 Days option for UK shoppers
Fintech

PayPal adds new Pay in 30 Days option for UK shoppers

The fee-free option gives eligible UK shoppers up to 30 days to settle online purchases from GBP £1 to GBP £900 at checkout.

By Karen Joy Bacudo • 4 min read • Last week
Creditspring tops GBP £1 billion in loan disbursements
Fintech

Creditspring tops GBP £1 billion in loan disbursements

Households squeezed by higher costs are turning to fixed-fee borrowing, helping the lender pass GBP £1 billion in loans.

By Karen Joy Bacudo • 4 min read • Last week
UK Fraud liability in 2026: The hidden cost of synthetic identity fraud
Fintech

UK Fraud liability in 2026: The hidden cost of synthetic identity fraud

Banks now face a capped GBP £85,000 reimbursement bill per claim as synthetic identity fraud turns into a direct liability under tighter UK rules.

By Barley Laing • 5 min read • Last week
Utilities & telecoms firms face widespread payment woes
Fintech

Utilities & telecoms firms face widespread payment woes

Payment disruptions are worsening customer experience at utilities and telecoms firms, with 99% of respondents reporting some form of issue.

By Mark Tarre • 3 min read • This month
Monzo launches automated debt consolidation with ClearScore
Fintech

Monzo launches automated debt consolidation with ClearScore

Automating repayments could ease strain for borrowers juggling multiple debts, as the bank aims to cut admin and improve approval odds.

By Karen Joy Bacudo • 5 min read • This month
ClearScore & Stream launch automated debt repayment
Fintech

ClearScore & Stream launch automated debt repayment

The tie-up could reduce missed repayments for UK workers by directing consolidation loan funds straight to existing creditors through payroll.

By Karen Joy Bacudo • 4 min read • This month

Global Stories

Credit risk stories

Tech chiefs urge safer, sector-specific AI adoption
Software-as-a-Service

Tech chiefs urge safer, sector-specific AI adoption

Businesses face mounting pressure to curb unsafe AI rollouts as executives warn that general-purpose tools are outpacing governance and controls.

By Sean Mitchell • 4 min read • Last week
Swift readies blockchain ledger for bank payment pilots
Fintech

Swift readies blockchain ledger for bank payment pilots

Seventeen banks will test whether tokenised deposits can speed cross-border payments and extend settlement beyond normal market hours.

By Karen Joy Bacudo • 5 min read • This month
SBS launches AI foundation for banks on existing systems
Software-as-a-Service

SBS launches AI foundation for banks on existing systems

The rollout could help more than 1,500 institutions use generative AI on trusted in-house data without disrupting core banking operations.

By Karen Joy Bacudo • 3 min read • This month
KredosAi raises USD $7 million in Series A led by BMW
Software-as-a-Service

KredosAi raises USD $7 million in Series A led by BMW

Rising delinquencies are pushing enterprises to adopt AI collections tools, as BMW i Ventures backs KredosAi's USD $7 million Series A.

By Karen Joy Bacudo • 3 min read • This month

Stories from Other Regions

Credit risk stories

Vield adopts Integral tech to automate crypto hedging
Fintech

Vield adopts Integral tech to automate crypto hedging

As Australia tightens oversight of digital asset firms, the lender is moving to automated hedging to manage crypto and currency risk around the clock.

By Karen Joy Bacudo • 4 min read • 2 days ago
Australians cut spending & lean on credit as costs bite
Data Analytics

Australians cut spending & lean on credit as costs bite

Household finances are under growing strain as more Australians dip into savings, cut discretionary spending and lean on credit for essentials.

By Joseph Gabriel Lagonsin • 3 min read • Last week
New Zealand households cut spending as confidence falls
Data Science

New Zealand households cut spending as confidence falls

Falling confidence is pushing households to trim discretionary purchases, with 65% cutting non-essential spending as essentials stay dear.

By Karen Joy Bacudo • 4 min read • Last week
Warburg Pincus takes stake in Australian CreditorWatch
Software-as-a-Service

Warburg Pincus takes stake in Australian CreditorWatch

The Australian credit-reporting firm plans to expand staff and technology after Warburg Pincus agreed to invest, with terms undisclosed.

By Karen Joy Bacudo • 4 min read • This month
Nuvo adds CreditRiskMonitor risk data to finance workflows
Fintech

Nuvo adds CreditRiskMonitor risk data to finance workflows

Finance teams can now spot customer distress earlier as Nuvo embeds CreditRiskMonitor's risk alerts and credit guidance into automated workflows.

By Karen Joy Bacudo • 4 min read • This month
FintechWerx to buy Ruby Loans platform for CAD $825,000
Data Analytics

FintechWerx to buy Ruby Loans platform for CAD $825,000

The deal adds loan-origination technology aimed at speeding small-business credit checks, pending approvals and exchange sign-off.

By Karen Joy Bacudo • 3 min read • This month