Credit risk stories
Most lenders still lack the data quality and governance needed to trust AI, even as 76% use it for credit and fraud decisions.
Local firms will gain access to more than 650 million overseas company records for trade, credit and supply-chain checks from 9 September.
The funding will help the Mumbai-based lender software maker push AI across collections and lending workflows for banks and NBFCs.
Fresh capital will help Vertical Aviation refinance bank debt and fund aircraft buys as private credit gains ground in Australian lending.
The enlarged team is meant to reassure lenders and investors as standby servicing becomes a bigger part of risk planning for loan portfolios.
Fintech lenders and banks face rising losses as AI-generated statements and identity files slip into automated onboarding before manual checks.
The award highlights how predictive analytics is helping M&T Bank spot credit risks earlier and cut alert noise for commercial lenders.
Eligible Australians can now borrow against cryptocurrency without selling it, as the product sits under the country's consumer credit rules.
Higher costs and weaker consumer spending have pushed Australia's hospitality sector into its worst strain in years, with arrears at record highs.
The US lender's move gives it a bigger foothold in India's fast-growing non-bank finance market as Jio Credit seeks fresh capital.
AI-made fake payslips and deepfakes are exposing lenders that still rely on fragmented mortgage checks, experts warn.
The approval lets the lender refer unsuitable applicants to selected rivals, widening access to borrowing and sharpening its focus on affordability.
Lenders can now spot synthetic fraud earlier, with combined identity and cashflow checks available in milliseconds before bank authentication.
Real-time financial data could help operators curb churn, sharpen affordability checks and lift margins as acquisition costs climb.
Sensitive credit-card data will be protected in LXMQ's platform as the fintech tests Privaclave AI before a wider consumer launch.
Malaysian pilgrims can now spread Umrah costs over 12 to 24 months through a new Shariah-compliant financing option in Muslim Pro.
Most Australian lenders are using agentic AI in underwriting, but just 3% say their data is fully ready for AI-driven decisions.
Canadian business owners now have a new way to cap personal losses when lenders enforce personal guarantees on commercial loans.
Rising farm debt and climate exposure are forcing lenders to use parcel-level evidence, as agribusiness credit swells to AUD $140.3 billion.
The lender says cleaner data and more automation cut manual work, helping it scale without hiring servicing staff at the same pace.