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Erste Group deploys FICO optimisation for retail lending
Data Analytics

Erste Group deploys FICO optimisation for retail lending

The rollout is set to sharpen loan pricing and cut manual exceptions as the bank expands algorithmic decisions across eight markets.

By Mark Tarre • 3 min read • Last month
Plaid unveils foundation model for transaction data
Software-as-a-Service

Plaid unveils foundation model for transaction data

Banks and fintech groups could classify payments more accurately after the system lifted income detection 48% and cut fee errors.

By Karen Joy Bacudo • 4 min read • Last month

Stories from Other Regions

Credit risk stories

Fuel prices & rates reshape Australia's construction
Supply Chain

Fuel prices & rates reshape Australia's construction

Higher fuel and borrowing costs are starting to squeeze builders, with insolvencies likely to rise if Strait of Hormuz disruptions persist.

By Sean Mitchell • 4 min read • Last week
FICO urges UK lenders to use AI in collections for payments
Customer Experience

FICO urges UK lenders to use AI in collections for payments

Rising missed card payments are straining UK collections teams, as FICO says AI could help lenders manage cases more efficiently and fairly.

By Sofiah Nichole Salivio • 4 min read • Last week
UK credit card balances steady as payment rates fall
Risk & Compliance

UK credit card balances steady as payment rates fall

More borrowers are slipping into serious arrears even as overall card balances hold steady, according to FICO’s February data.

By Sofiah Nichole Salivio • 3 min read • Last month
Revolut partners Akahu on open banking credit cards
Fintech

Revolut partners Akahu on open banking credit cards

Borrowers in New Zealand could get quicker credit card approvals as Revolut taps regulated open banking data to replace paperwork with automated checks.

By Karen Joy Bacudo • 4 min read • Last month
Absa boosts fraud prevention & collections with WhatsApp
Fintech

Absa boosts fraud prevention & collections with WhatsApp

Fraud checks and collections improved after Absa switched to WhatsApp messages, lifting self-solve cases and payments from distressed borrowers.

By Sofiah Nichole Salivio • 3 min read • Last month
Monk raises USD $25 million to tackle invoice delays
Customer Relationship Management

Monk raises USD $25 million to tackle invoice delays

The funding will help Monk target a USD $3 trillion US receivables market where many overdue bills stall over portal errors and missing details.

By Karen Joy Bacudo • 4 min read • Last month
Creditinfo takes full control of Latvian credit bureau
Data Analytics

Creditinfo takes full control of Latvian credit bureau

The move gives the London-headquartered group full control of Latvian lender data services as it plans to expand investment and products.

By Sofiah Nichole Salivio • 3 min read • Last month
Equifax Canada warns of 31% rise in first-party fraud
Fintech

Equifax Canada warns of 31% rise in first-party fraud

More applicants are overstating income or other details, with credit card cases nearly doubling and Ontario seeing up to CAD $123 million in losses.

By Karen Joy Bacudo • 4 min read • Last month
Ataccama adds AI Act audit evidence tools for banks
DevOps

Ataccama adds AI Act audit evidence tools for banks

Banks face tighter proof demands under the EU AI Act as Ataccama adds pipeline checks to log data quality at the point of use.

By Karen Joy Bacudo • 5 min read • Last month
Australia energy shock raises insolvency risk for firms
Supply Chain

Australia energy shock raises insolvency risk for firms

Higher fuel and power costs are intensifying cash-flow strains for smaller firms, with CreditorWatch warning insolvencies may rise over 12 months.

By Joseph Gabriel Lagonsin • 5 min read • Last month
Simply Asset Finance strikes lending pact with Lombard
Fintech

Simply Asset Finance strikes lending pact with Lombard

The tie-up should widen asset finance access for UK small businesses, as Simply will originate loans through Lombard's wholesale facility.

By Karen Joy Bacudo • 3 min read • Last month
UK SMEs favour high street banks despite lower rates
Fintech

UK SMEs favour high street banks despite lower rates

Many smaller firms are missing out on higher returns as most UK SMEs keep savings with high street banks despite weaker rates.

By Karen Joy Bacudo • 4 min read • Last month
InDebted appoints Rob Young as UK Managing Director
Software-as-a-Service

InDebted appoints Rob Young as UK Managing Director

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.

By Mark Tarre • 4 min read • Wed, 1st Apr 2026
FICO urges banks to spot vulnerable customers earlier
Data Analytics

FICO urges banks to spot vulnerable customers earlier

Dynamic profiling could give lenders around 40 days' warning of financial strain, as unemployment rises and FCA scrutiny on vulnerable customers grows.

By Sofiah Nichole Salivio • 4 min read • Tue, 31st Mar 2026
FIFAI panel report sets 'AGILE' guide for AI in finance
Data Protection

FIFAI panel report sets 'AGILE' guide for AI in finance

The report warns Canadian lenders that fraud, supply-chain concentration and market shocks are becoming the main AI threats in finance.

By Jake MacAndrew • 3 min read • Fri, 27th Mar 2026