Credit risk stories
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.
London-based fintech, TRIVER, secures £20m in funding to revolutionise SME access to finance through Open Banking and AI.
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.
Experian's study reveals Australian and New Zealand financial leaders are increasingly investing in AI and automation to enhance lending efficiency.
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 unveils dynamic, standalone system, Aryza Decide, geared to revolutionise credit risk management in the lending industry and encouraging operational efficiency.
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.
At the recent Australian Retail Credit Association Credit Summit, FICO's Head of Scoring Solutions, Steven Brown, spoke about global credit risk trends.
Australian receivables management firm Credit Clear is using data analytics to improve its digital customer journey and provide more payment options.
Buy now, pay later schemes could damage credit scores and harm vulnerable consumers, warns credit firm ClearScore.
House values fell again in September, with lower rates yet to lift prices and mortgage stress still a risk for borrowers.
Milena Malev joins illion as Chief Product Officer, bringing extensive experience in the banking and insurance industry. #ExecutiveAppointment.
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.
According to new research from Prospa, 40% of Kiwi small businesses use personal savings to support operations.
Queensland developers are being asked to inject millions as Condev races to complete projects and avert collapse.
Payment disputes and tougher retention rules are pushing construction firms towards digital tools to avoid fines and delays.
Borrowers face tighter lending rules as the Reserve Bank moves to curb risky loans amid house values rising 1.8% in July.
House buyers and investors face tighter mortgage rules from 1 March as the Reserve Bank warns high-LVR lending is rising again.
House prices and sales could weaken in September unless the Government extends mortgage deferrals as the wage subsidy ends and election looms.
Bond markets and prolonged virus disruption could strain weaker firms, with airlines, shipping and non-food retail facing the biggest risk.