Credit stories

Revolut passes 1m Australian customers and vows nearly AUD $400m investment, stepping up its challenge to local digital banking rivals.

Grab Finance taps FICO data tech to automate credit checks across six Southeast Asian markets and boost eligibility by nearly 50%.

LemFi wins AUSTRAC approval to launch remittances in Australia, targeting a USD $38.2 billion outbound market serving migrant communities.

UK finance jobs jumped 13% in 2025 as tech and fintech hiring surged, with London tightening its grip and banking still leading the field.

Berlin’s Cloover secures USD $1.222bn to scale AI-powered financing for home solar, batteries and heat pumps across Europe.

FinTech Australia opens entries for the 2026 Finnie Awards, marking the programme’s tenth year with revamped categories and a new Sydney venue.

UK bank Griffin posts fivefold revenue surge as it processes GBP £3 billion in payments and signs more than 50 platform customers.

UK credit card balances hit a record GBP £1,915 in August 2025 as payment rates decline and financial stress grows among cardholders, reports FICO.

UK consumers and SMBs increasingly seek flexible, AI-powered payment solutions that offer personalised convenience and support cash flow amid funding challenges.

UK credit card balances climbed to an average GBP £1,885 in June as spending rose 4.6%, while payment rates fell, signalling financial strain for many households.

ADVANCE.CBP opens new office in Makati, unveiling advanced credit scoring solutions to boost financial inclusion across the Philippines.

Extend unveils an open-source AI toolkit enabling businesses to analyse financial data with advanced automation and multi-framework integration.

Grapple plans to acquire Spenda's invoice finance portfolio, aiming to enhance its presence in the booming Australian SME market.

Yonder partners with Griffin to launch Top-ups, allowing users to increase their credit limits and improve payment processes for enhanced financial flexibility.

Rising consumer debt in the U.S. amid inflation and high interest rates prompts a shift towards multi-channel debt collection strategies to enhance recovery.

The car subscription model is rising in Australia, offering consumers alternatives to traditional loans amid inflation and economic uncertainty.

A Prospa survey reveals many New Zealand SMEs view summer as vital, with 43% expecting better conditions despite economic challenges ahead.

Vanquis Bank is enhancing its digital strategy by adopting SAS Viya on Microsoft Azure, aiming to improve risk management and compliance efforts.

Marqeta, in partnership with Klarna and Affirm, has launched Marqeta Flex, a new BNPL marketplace enhancing consumer access to tailored credit options.

WeMoney partners with Google Cloud to launch WeMo, an AI-powered credit health assistant. This tool aims to educate Australians about their credit scores.