Credit risk stories

Generative AI excels at language but needs traditional AI’s data-driven models to ensure trusted decisions and real-world impact in business.

InDebted appoints Michael Chatfield as Managing Director to spearhead Australian expansion amid evolving collections market and rising digital demand.

UK banks face credit innovation hurdles as outdated systems delay new features; modern credit platforms offer agility and growth in a fast-changing market.

A new machine learning model forecasts corporate credit rating changes early, aiding investors in managing risks amid rising borrowing costs.

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.

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.