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.

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.

London-based fintech, TRIVER, secures £20m in funding to revolutionise SME access to finance through Open Banking and AI.

Milena Malev joins illion as Chief Product Officer, bringing extensive experience in the banking and insurance industry. #ExecutiveAppointment.

At the recent Australian Retail Credit Association Credit Summit, FICO’s Head of Scoring Solutions, Steven Brown, spoke about global credit risk trends.

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.

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.

Australia atop in Asia-Pacific for B2B credit sales, yet 25% lack a credit strategy amid economic uncertainty.

Wellington-based startup Proper launches an app enabling landlords to conduct thorough background checks on potential tenants, ensuring trustworthy renters.

A professional ecosystem has emerged that is providing e-learning courses to allow aspiring cybercriminals to make USD$12k in monthly earnings.

The feature will let small businesses on Xero see the credit risk of their potential customers, suppliers and partners.