risk

Half of financial services struggling to manage credit risk and fraud prevention

13th February 2025 Consumer Lending | #financial services #fraud #risk

New survey results from Provenir have found that nearly half of all financial services executives are struggling with managing credit risk and detecting and preventing fraud. The survey also discovered that many financial services are revamping their credit risk decisioning and fraud prevention strategies in 2025, with Artificial Intelligence (AI) playing a prominent role. Over…

Six in ten small firms aim is to stay afloat

26th June 2023 Commercial Credit Management | #risk

Research by PayPal found that six in te small business owners are worried about staying afloat. The Business of Change 2023 report surveyed 500 British SME owners and decision makers, with 43% believing adaptability is critical to success. The report found that having a presence on online marketplaces, selling via social media, reducing systems and…

One in four taking more risks with money

20th March 2023 Consumer Lending | #risk

Research by the Financial Services Compensation Scheme (FSCS) has found that one in four (26%) of savers are taking more risks with their money in an effort to land bigger returns amid the cost-of-living crisis. A poll of 4,000 adults saw 23% of consumers with a pension say they have either decreased the percentage they…

FCA warns lenders and brokers to stop using misleading terms in credit adverts

6th May 2022 Alternative Consumer Lending | #FCA #regulation #risk

The Financial Conduct Authority (FCA) is warning lenders and brokers to stop using misleading terms in their advertising or face regulatory action. The FCA says that the increased cost of living means that more people may take out loans. Marketing that does not give clear information and warnings about the potential consequences of borrowing puts…

Payment delays and insolvencies expected to impact motor sector

4th January 2022 Business | #risk

Credit risk in the automotive industry is set to deteriorate with an increase in payment delays and insolvencies according to new research by trade credit insurer Atradius. The report reveals several challenges facing the industry which stem from supply issues, decreased consumer demand and rising costs. Combined, these have led to the insurance company rating…

Quarter of families will need to borrow to survive this winter

18th December 2021 Arrears and Recoveries | #risk

Families face being pushed into debt over the next few months with over a quarter (27%) of people with dependents saying they’ll need to borrow to survive the winter, according to research from subscription loan provider, Creditspring. Families’ finances are set to suffer much worse than those with grown-up children – of whom just 5%…

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