Credit risk stories - Page 2

Zepz has bought fintech Pomelo to bolt credit cards and lending onto its remittance brands, deepening its push into cross-border finance.

Berlin's Cloover secures USD $1.222bn to scale AI-powered financing for home solar, batteries and heat pumps across Europe.

YouLend teams up with Teya to launch flexible cash advances of GBP £1,000-GBP £2 million for more than 30,000 UK SMEs, ahead of EU rollout.

SAS predicts agentic AI will run core banking by 2026, reshaping trust, fraud defences, climate risk and quantum-powered decision making.

DTCC and BNY unveil Collateral-in-Lieu cleared repo service, aiming to cut double-margining and boost buy-side access before 2027 rules.

UK firms step up FX hedging as sterling's sharp swings hit earnings, with more businesses extending hedge lengths and raising cover.

UK credit card spending fell 4.7% in October, but missed payments edged higher, signalling mounting strain before Christmas.

Finance leaders hail AI as core to strategy, yet fewer than half have scaled it beyond pilots amid legacy, skills and leadership hurdles.

UK banks face credit innovation hurdles as outdated systems delay new features; modern credit platforms offer agility and growth in a fast-changing market.

A new machine learning model forecasts corporate credit rating changes early, aiding investors in managing risks amid rising borrowing costs.

RDC.AI won Best AI-Powered Platform - Vendor at the Global AI Innovation Awards 2025 for transforming banking with predictive and explainable AI.

Cloudera expands its Enterprise AI Ecosystem with four new partners to enhance predictive modelling, workflow automation, and AI observability for businesses.

Swisscard broadens its partnership with FICO to use AI-driven optimisation, enhancing credit limit management and customer experience in Switzerland.

UK credit card balances hit a record GBP £1,895 as repayments fall 7.7%, signalling growing financial strain for consumers amid rising missed payments.

UK credit card balances rose to an average of GBP £1,875 in April 2025 as payments dropped to 33.98%, highlighting ongoing household financial strain.

FICO leads Forrester's AI decision platforms report, achieving top scores for its platform's innovation and decision-making capabilities among 15 vendors.

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.

Andy Lawrie of Nationwide wins FICO Decision Hero Award for leading credit decision overhaul, boosting efficiency and compliance in financial services.

Entercard adopts FICO's AI-powered platform to enhance fraud detection and prevention across the Nordic region, improving security and customer experience.

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.