UK Credit Card Payment Trends - Missed Payments Are Rising
Spending falls following typical seasonal patterns, although average balance is up 5.3% year-on-year and more customers miss payments
UK Credit Card Trends 2023-2024: More Spend and Delinquencies
FICO analysis of 2023-2024 data reveals how continued high costs and inflation are shaping UK credit card payment patterns
Why This Is a Good Time to Grant Credit Limit Increases
Card issuers should consider a credit limit increase program for existing credit card customers to engage customers and meet demand
UK Credit Cards: Average Spending and Balances Reach New High
High prices lead to highest average credit card spend and balances since FICO records began
Six Trends Transforming the Auto Finance Landscape
Comprehensive, real-time risk evaluation has never been more critical in the automotive finance industry
How Decision Optimization Improves Credit Line Management
Action-effect models and prescriptive analytics make credit limit increase optimization a powerful tool to improve portfolio performance
Risk & Lending Predictions 2024: UK Stresses and Open Banking
UK consumers face another challenging year — financial institutions should make use of Open Banking data and new technology
UK Credit Cards: Pre-Holiday Spending and Payments
UK card sales and cash spend fell before the usual Christmas upturn, although inflation means spending was higher than the same period in 2022
UK Credit Cards: Stable Activity in September Ahead of Holiday Period
UK credit card missed payments and total balances rise, while spending falls ahead of the festive period
The Future of AI and Hyper-Personalization in Auto Loan Finance
Lenders meeting at FICO’s Auto MasterMind event discussed the technologies that can make auto loan finance smarter
Why Microservices Are Driving the Future of Automotive
Microservices are a fast route to directly improving customer experience – and they offer far greater agility to auto lenders and dealers
UK Credit Cards: Summer Saw Spending and Balances Rise
FICO UK Credit Report shows worrying trends as average spend per credit card rose while payments to balance rose and fell
Will the Retirement Surge Cripple Your Claims Process Effectiveness?
How can insurers build optimal claims administration strategies when their best claims experts are hitting the exits?
UK Cards: June Data Shows Spending Spike in Cost-of-Living Squeeze
Average spend on UK credit cards rose to highest level in 15+ years as inflation remains high
Executive Summary: Milliman FICO® Score 10 and FICO® Score 10T Model Assessment June 2023
Milliman assessment evaluates updated FICO models coming to mortgage industry
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