The rapid acceleration of Artificial Intelligence (AI) presents a transformative opportunity for credit management. A recent survey, conducted in partnership with AICM, confirms this forward-looking mindset across the credit management community.
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Capturing the information required for regulatory compliance without hindering the customer experience is a balancing act faced by all reporting entities.
In the digital age, providing customers with a frictionless mortgage experience is critical to remaining competitive.
Understanding who your customers are and the way they engage with your business requires big picture thinking and a greater focus on data management.
In this video, Neil Coert, Commercial Specialist at Equifax, shares his thoughts on the challenges reporting entities currently face in the market, and some ways the customer onboarding experience can be automated and made simpler.
Drew Beresford, Commercial Specialist at Equifax, shares his tips on how to check existing PPS registrations are correct, and the steps you can take to fix any errors to ensure your security interest are valid.
Driven by a continued fall in credit card applications, despite steady growth in personal loans. Mortgage demand decline continues.
Overall consumer credit applications fell -7.1% (vs March qtr 2018):
There are always early warning signs when a business is experiencing financial distress. Not surprisingly, many of these signs are found in the financial statements.
Predominantly driven by asset finance
Overall business credit applications dropped 10.15% (vs March qtr 2018)
