Credit risk stories

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.

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.

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.

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

Machine Learning boosts credit access and profitability in Australia, with 96% of firms noting better SME loan acceptance and improved bad debt rates.

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.

Australian banks invest heavily in AI but struggle to realise value amid complex compliance, fragmented data, and rising customer trust concerns, experts say.

Founders face growing choices in UA financing; this guide highlights how to select partners offering transparency, scalability, and support beyond just interest rates.

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.

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.

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.