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FICO UK Credit Card Market Report: December 2025
Businesswire· 2026-02-17 09:00
Core Insights - The FICO UK Credit Card Market Report for December 2025 indicates that average credit card balances have reached the highest level since FICO began tracking this data, reflecting ongoing financial pressures on consumers [1] - There is a notable increase in the number of customers missing payments, with a month-on-month rise of 6.4% for those missing one payment and a 3.7% increase for those missing three payments [1] - The average active balance rose to £1,950, marking a 1.7% increase from November and a 4.8% increase year-on-year, highlighting affordability challenges for UK consumers [1] Spending and Payment Trends - Average credit card spending increased by 5.6% from November to December, reaching £830, although this figure is 3.5% lower than December 2024 [1] - The percentage of overall balance paid stabilized at 33.4%, which is a slight increase of 0.1% from November but a significant decrease of 6.8% year-on-year [1] - The average credit limit rose to £5,930, reflecting a 0.2% month-on-month increase and a 2.4% year-on-year increase [1] Customer Payment Behavior - The report indicates that 1.4% of accounts had one missed payment, a month-on-month increase of 6.4% and a year-on-year decrease of 4.3% [1] - Accounts with two missed payments accounted for 0.3%, showing a month-on-month decrease of 1.2% but a year-on-year increase of 3.1% [1] - The percentage of accounts with three missed payments rose to 0.2%, with a month-on-month increase of 3.7% and a year-on-year increase of 4.9% [1] Financial Stress Indicators - The persistent rise in average balances and low payment rates suggest continued financial stress for consumers, with expectations of increased payment rates in January as consumers focus on settling holiday spending [1] - The report emphasizes the need for risk teams to enhance monitoring of payment patterns and implement proactive intervention strategies in response to potential payment stress in early 2026 [1]
Grab Finance Expands Credit Access Across Southeast Asia Using FICO Platform, Delivering 22 Workflows in Six Countries
Businesswire· 2026-02-05 01:00
Core Insights - Grab Finance is enhancing credit access in Southeast Asia by utilizing the FICO Platform, implementing 22 decision workflows across six countries, and increasing credit offer eligibility rates by nearly 50% for its users [1][2] Company Overview - Grab Finance is the financial services division of Grab, a leading superapp in Southeast Asia, operating in sectors such as deliveries, mobility, and digital financial services, serving over 800 cities in eight countries [2] - The company aims to drive economic empowerment and financial inclusion for millions while maintaining a positive social impact and minimizing environmental footprint [2] Financial Inclusion Efforts - Grab Finance has been recognized with a 2026 FICO® Decision Award for its efforts in financial inclusion, having served over 46 million consumers and millions of merchants and drivers [1] - The company addresses the challenges of credit access in Southeast Asia, where over 700 million people face underbanked conditions, by leveraging behavioral data to create alternative risk models [1] Technological Implementation - The implementation of the FICO Platform allowed Grab Finance to automate credit eligibility assessments and deliver contextual, real-time credit offers, significantly improving access for underserved users [1] - The project was completed in under eight months, showcasing rapid deployment and the ability to navigate a fragmented regulatory landscape across different countries [1] Market Impact - Grab Finance's approach transforms everyday digital behavior into a "credit passport" for users previously invisible to traditional banking, thus contributing to economic transformation at scale [1] - The integration of compliance requirements into the credit decisioning framework demonstrates a strategic response to regional regulatory diversity [1]
FICO(FICO) - 2026 Q1 - Earnings Call Presentation
2026-01-28 22:00
Investor Presentation Q1 FY2026 January 28, 2026 Forward-looking Statements / Non-GAAP Financial Measures Certain statements made in this presentation are forward-looking under the Private Securities Litigation Reform Act of 1995. Those statements involve many risks and uncertainties that could cause actual results to differ materially. Information concerning these risks and uncertainties is contained in the Company's filings with the SEC, particularly in the Risk Factors and Forward-Looking Statements port ...
Swisscard AECS GmbH Extends FICO Platform Decisioning with AI-Powered Optimisation
Businesswire· 2025-09-18 08:00
Group 1 - Swisscard has extended its partnership with FICO to enhance its credit limit strategies [1] - The collaboration will leverage FICO® Platform's AI-powered decision optimization capabilities [1] - The partnership aims to provide greater flexibility on spending limits while managing risk based on customer behaviors [1] Group 2 - Swisscard is recognized as the leading premium credit card provider in Switzerland [1] - The company has been utilizing FICO® Platform for onboarding and credit card limit management for several years [1]