Credit risk stories
Household finances are under growing strain as more Australians dip into savings, cut discretionary spending and lean on credit for essentials.
The Australian credit-reporting firm plans to expand staff and technology after Warburg Pincus agreed to invest, with terms undisclosed.
Bad contact data is costing large Australian organisations hundreds of thousands of dollars a year through delayed payments, fraud risk and wasted spend.
Rising costs and overdue invoices are squeezing Australian SMEs, with late payments now at a six-year high, Earlypay says.
Restaurants across seven European markets have repeatedly tapped platform lending as the YouLend-Just Eat Takeaway scheme tops EUR €150 million.
Businesses face mounting pressure to curb unsafe AI rollouts as executives warn that general-purpose tools are outpacing governance and controls.
Seventeen banks will test whether tokenised deposits can speed cross-border payments and extend settlement beyond normal market hours.
The rollout could help more than 1,500 institutions use generative AI on trusted in-house data without disrupting core banking operations.
Rising delinquencies are pushing enterprises to adopt AI collections tools, as BMW i Ventures backs KredosAi's USD $7 million Series A.
The pilot could make institutional bitcoin and ether trading easier by adding bank balance sheet support, credit intermediation and T+1 settlement.
Borrowers could get small business loan decisions in minutes as new capital supports JUDI.AI's North American expansion.
Qualified institutions can now borrow stablecoins against a tokenised private credit product as Aave Horizon widens its real-world asset market.
Falling confidence is pushing households to trim discretionary purchases, with 65% cutting non-essential spending as essentials stay dear.
Payment disruptions are worsening customer experience at utilities and telecoms firms, with 99% of respondents reporting some form of issue.
Finance teams can now spot customer distress earlier as Nuvo embeds CreditRiskMonitor's risk alerts and credit guidance into automated workflows.
The deal adds loan-origination technology aimed at speeding small-business credit checks, pending approvals and exchange sign-off.
Automating repayments could ease strain for borrowers juggling multiple debts, as the bank aims to cut admin and improve approval odds.
The tie-up could reduce missed repayments for UK workers by directing consolidation loan funds straight to existing creditors through payroll.
Lower costs and support income helped Panasonic New Zealand swing back to a small profit even as revenue slid to NZD $90.8 million.
The Canadian asset manager will use Bloomberg's MAC3 to spot hidden risks and unintended exposures across equities, bonds and alternatives.