Credit risk stories
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.
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.
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.
RDC.AI won Best AI-Powered Platform - Vendor at the Global AI Innovation Awards 2025 for transforming banking with predictive and explainable AI.
Sidetrade expands into Asia-Pacific by acquiring Australia's ezyCollect for EUR €37 million, targeting SMBs with AI-powered Order-to-Cash solutions.
Cloudera expands its Enterprise AI Ecosystem with four new partners to enhance predictive modelling, workflow automation, and AI observability for businesses.
Founders face growing choices in UA financing; this guide highlights how to select partners offering transparency, scalability, and support beyond just interest rates.
FICO leads Forrester's AI decision platforms report, achieving top scores for its platform's innovation and decision-making capabilities among 15 vendors.
Andy Lawrie of Nationwide wins FICO Decision Hero Award for leading credit decision overhaul, boosting efficiency and compliance in financial services.
The Bloomberg Code Crunch Hackathon in Singapore showcased top quant and AI talent, with NTU students and financial firms developing innovative investment tools.
Buzzle, formed as Apple's largest Australian reseller in 2000, collapsed within six months amid the dot‑com bust, sparking a precedent‑setting legal battle with Apple.
A New Zealand AI tool, CheckMyBuilder, helps homeowners and businesses spot risks with builders for NZD $49, using public records to flag issues before contracts.
JPMorganChase leads the Evident AI Index as banks boost AI investments, with returns expected to nearly double to USD $2 billion amid rising adoption.
Machine Learning boosts credit access and profitability in Australia, with 96% of firms noting better SME loan acceptance and improved bad debt rates.
Australian banks invest heavily in AI but struggle to realise value amid complex compliance, fragmented data, and rising customer trust concerns, experts say.
Experian and Stryd have teamed up to offer Australian mortgage brokers enhanced client insights using open banking data and product pricing.
CreditProtect launches in Australia, offering SMEs affordable, AI-driven credit reports through a new platform backed by Experian and illion data partnerships.