Achieve incredible productivity and compliance outcomes by connecting two innovative broker platforms

Posted by Phillip Djukanovic on Jun 7, 2019 4:00:01 PM

Verifications, checks, compliance… it isn’t a secret that the broker workload is becoming increasingly onerous. Added to this is the growing pressure to continually improve deal velocity while upholding responsible lending and compliance obligations.

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Topics: Responsible Lending, Finance Brokers

Quick Guide: Business Expectations, September Quarter 2019 Preliminary Results

Posted by Stephen Koukoulas on Jun 5, 2019 10:20:23 AM

The latest illion Business Expectations Index has recorded a severe slump in business conditions over the March 2019 quarter, with the Actuals index falling to its lowest point since the March 2016 quarter.

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Topics: Australian Business Expectations, Australian Economy

Data61 and Their Role in Open Banking

Posted by Luke Howes on Apr 12, 2019 2:38:54 PM

As Open Banking (OB) becomes institutionalised in the Australian banking system, it is paramount for key industry bodies to establish the foundations and guidelines to ensure stable and efficient standardisation.

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Topics: Open Banking

Bank Data as a Key Risk Indicator

Posted by Luke Howes on Apr 12, 2019 2:36:47 PM

The nature of a bank’s business model means the origination of credit is paramount to generating revenue. However, a major aspect to lending is about the assessment of risk and that requires sound credit risk management. The efficient and prudent management of credit risk and the credit risk assessment process are critical.

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Topics: Open Banking, Responsible Lending

Quick Guide: Business Expectations, June Quarter 2019 Interim Results

Posted by Stephen Koukoulas on Mar 14, 2019 2:38:29 PM

Businesses remain upbeat about the economic outlook, with the business expectations at a 15 year high. While the results are somewhat at odds with the more cautious – and even problematic outlook in the economy more broadly – expectations are over 10 per cent above the level of a year earlier. 

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Topics: Australian Business Expectations, Australian Economy

Analogue Trust Deed Data in the Digital World

Posted by Richard Atkinson on Mar 8, 2019 4:07:31 PM

In the mid-1990s, the digital revolution went into overdrive. The advent of household internet and the general public’s comprehension of the two-digit language that is binary code are just two things that changed the way we consume information forever.

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Topics: Know Your Customer, Trusts, Trust Registry

The Four Steps of CCR Participation

Posted by Jill Nelson on Mar 1, 2019 1:23:29 PM

Comprehensive Credit Reporting is a fixture of the Australian credit reporting landscape and while not yet compulsory, its presence gives credit providers a significant opportunity to benefit from the data made available by CCR participants.

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Topics: Comprehensive Credit Reporting, Finance, Credit Lenders

CCR and the Multi-Bureau Strategy

Posted by Jill Nelson on Mar 1, 2019 1:23:12 PM

The Australian Government and associated industry bodies have established a positive credit reporting system, with credit bureaus at the centre of this system.

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Topics: Comprehensive Credit Reporting, Finance, Credit Lenders

What are the Principles of Reciprocity & Data Exchange?

Posted by Jill Nelson on Mar 1, 2019 1:22:32 PM

 

Australia has lagged behind the rest of the developed world, with countries like the UK, USA and New Zealand already benefiting from positive credit reporting information.

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Topics: Comprehensive Credit Reporting, Finance, Credit Lenders

The CCR Advantage for Australian Credit Licence Holders

Posted by Jill Nelson on Mar 1, 2019 1:21:02 PM

Banks and credit providers in Australia are paving the way for comprehensive credit reporting after the federal government’s move to introduce mandatory data sharing was announced in 2017.

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Topics: Comprehensive Credit Reporting, Finance, Credit Lenders