Lending stories
Banks and other financial firms are under more pressure from AI-assisted identity fraud, but they outscore peers on detection and audit evidence.
Mortgage lenders could soon automate file checks more quickly as SlateWorks' award-winning AI targets compliance-heavy reviews still done manually.
Rapid digital adoption and tighter regulatory frameworks are turning the region into a proving ground for new financial services models.
New transparency rules will force customer-facing AI tools to disclose themselves, while banks and SMBs face tougher oversight of models and data.
Credit unions face rising pressure to modernise service and cut manual work, with AI now moving into lending, collections and contact centres.
It gives TBC Bank a profitable online marketplace in Uzbekistan, reaching 5 million monthly users and opening new payment and lending opportunities.
The rollout could help more than 1,500 institutions use generative AI on trusted in-house data without disrupting core banking operations.
Poorly prepared borrowing is forcing many US small business owners to lean on personal credit, with 75% doing so last year.
The Grantham-based affordability technology provider is expanding beyond its Embark platform as it targets more clients and stronger customer support.
Unsecured borrowers in New Zealand are under mounting strain as Experian flags a rise in personal loan arrears to a three-year peak.
More than 90 credit union and community bank executives will discuss economy, AI and growth at Eltropy's invitation-only summit in Monterey.
Australia-based customers will soon get savings accounts and a credit card as Revolut commits nearly AUD $400 million to its local banking push.
Backers including clients boosted the bank software provider's war chest to fund AI, payments and lending development as valuation hit USD $1.6 billion.
Household finances are under growing strain as more Australians dip into savings, cut discretionary spending and lean on credit for essentials.
Falling confidence is pushing households to trim discretionary purchases, with 65% cutting non-essential spending as essentials stay dear.
Many Canadians are delaying home purchases and other major decisions as awareness of credit scores fails to translate into action.
Wider adoption of AI tools is prompting calls for plain-language data rules that give New Zealanders more control over personal information.
About 11 million UK adults could use autonomous AI for money management, raising fresh concerns over fraud, control and market concentration.
Approval would let the fintech bring U.S. payments, savings and credit operations in-house, reducing reliance on partner banks.
The funding gives the Boise-based marketplace a stronger foothold in credit union small-business banking as it becomes a CUSO.
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