illion Blog

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.

Topics: Know Your Customer, Trusts, Trust Registry

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.

Topics: Comprehensive Credit Reporting, Finance, Credit Lenders

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

Topics: Comprehensive Credit Reporting, Finance, Credit Lenders

 

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.

Topics: Comprehensive Credit Reporting, Finance, Credit Lenders

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.

Topics: Comprehensive Credit Reporting, Finance, Credit Lenders

The illion Business Expectations Index has improved significantly over the first month of 2019, representing a major turnaround following last quarter’s bleak outlook.

Topics: Australian Business Expectations, Australian Economy

Taking advantage of illion’s newly released Trust Registry has empowered Australian businesses to radically optimise their trust linking practises saving valuable resources.

Topics: Know Your Customer, Trusts, Trust Registry

The latest illion business expectations survey has confirmed a cooling in the economic outlook. The composite expectations index fell to its weakest level since the December quarter 2017, while the actual index dipped to its lowest level since the September quarter 2017.

Topics: Australian Business Expectations, Australian Economy, Capital Investment

The retail industry in Australia has been in a state of flux for years. With the advent and subsequent popularity of online shopping and consumer spending habits constantly evolving, it’s now harder than ever for ‘bricks and mortar’ retail business owners to remain competitive let alone solvent. And it’s getting worse.

Topics: Retail, Australian Economy, Business

The Australian economy is set to enter 2019 at a crossroads – one path is for continued success, and a 28th year with no recession, the other, leads to a downturn that will be driven by falls in household wealth as residential housing prices drop.

Topics: Australian Economy, Economic Forecast, Business