Credit management stories
Debt is increasingly concerning for young adults in Singapore, with rising average loan sizes highlighting financial pressures despite a drop in applications.
The shift could lift AI-related income and margins as Sidetrade seeks to turn its vast transaction data into subscription products by 2030.
Nearly half of Asia-Pacific mid-sized firms shun working capital tools, even as CFOs demand faster, simpler digital funding solutions.
Zodia Custody embeds PCP credit tools so banks can lend and borrow against tokenised assets while keeping collateral in secure custody.
Late payments are pushing more Australian small firms into debt, draining weeks on chasing invoices and fuelling rising financial stress.
Late payments now make up 37% of global pay cycles, with firms waiting 51 days on average to be paid, Sidetrade data reveals.
Consumers worldwide demand flexible, digital credit cards, pushing traditional banks to modernise or risk losing ground to agile fintech rivals.
Sidetrade expands into Asia-Pacific by acquiring Australia's ezyCollect for EUR €37 million, targeting SMBs with AI-powered Order-to-Cash solutions.
Celonis' Process Intelligence platform achieves a 383% ROI and USD $44.1m benefits over three years, slashing costs and boosting efficiency globally.
Creditsafe won the 2025 Nucleus Research ROI Award after achieving a 234% ROI and faster cash cycles using BlackLine's financial platform.
Aryza has acquired RiskLogix Solutions, aiming to enhance its presence in the governance, risk, and compliance market while expanding its global reach.
Aryza Group has partnered with TransUnion to enhance credit and debt management solutions across its platforms in the UK and Ireland.
Zoe Anderson has been appointed Chief Credit Officer at MTF Finance, effective January 2025, bringing over 13 years of experience from RAC Finance.
Cosentino has introduced an AI assistant for credit block management, enabling credit managers to process blocked sales orders five times faster.
More than half of Americans used AI to manage money last year, as consumers increasingly expect financial apps to offer guidance, not just data.
The move comes as lenders seek digital alternatives to legacy collections systems in a UK market handling more than GBP £60 billion of consumer debt.
Dynamic profiling could give lenders around 40 days' warning of financial strain, as unemployment rises and FCA scrutiny on vulnerable customers grows.
Stuut Technologies secures USD $29.5m Series A funding to expand its AI platform that automates accounts receivable, cutting manual tasks by 70%.
A study reveals most UK social media debt advice is misleading or unreliable, urging people to seek FCA-regulated, impartial financial guidance instead.
Cardiff's Menna.ai is set to enhance UK small businesses' financial management with its AI-powered assistant, now inviting early access sign-ups.