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Arm unveils new products to unify phones, robots and servers

Arm is accelerating efforts to tie smartphones, robots and data centres into a single computing platform. At a Sept. 7 media briefing, it unveiled an AI computing portfolio that includes CSS for Mobile 2, Arm Total Design for Physical AI and the Neoverse CSS-N4 for data centres. Arm said agentic AI is driving higher CPU loads. It also outlined performance gains in its C2 CPU cluster and Mali G2 GPUs, and gave projections for physical AI and data centre adoption.

Finance

South Korea\'s three internet-only banks keep mid-to-low credit loan share above 30 percent

South Korea\'s three internet-only banks kept the share of loans to mid-to-low credit borrowers in the 30 percent range in the second quarter, continuing inclusive finance. KakaoBank recorded 31.9 percent by outstanding balance and 38.4 percent by new lending, while K Bank posted 31.3 percent and Toss Bank 34.2 percent on a three-month average basis. The banks are widening access through upgraded scoring models, refinancing loans and use of alternative data.

Finance

Eight Percent upgrades credit scoring model based on 7.2 million data points

Online investment-linked finance firm Eight Percent will apply its fifth-generation proprietary credit scoring model, built using about 7.2 million personal credit screening data points, to personal credit loans. The company plans to evaluate repayment capacity in greater detail for mid-to-low credit borrowers and people with limited financial histories while reducing the number of screening variables. It said internal simulations showed improved discriminatory power for repayment capacity compared with using only credit scores from personal credit rating companies.