Increasing operating costs, shrinking consumer spending and tougher lending market see insolvencies at highest levels since Covid-19
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Financial planning and spending habits change to manage financial health as high cost of living continues, reveals the Equifax Australian Credit Scorecard 2023
Tougher economic climate also impacting business growth
Auto financiers face a growing challenge that has been flying under the radar – shadow hardship. Equifax Senior Solutions Consultant Ashley Schumacher recently highlighted this issue at the 2023 Automotive Finance Forum. In this post, we’ll delve into what shadow hardship means, its implications for auto financiers and solutions to protect your business from this hidden pocket of risk.
Data breaches increase the risk of identity fraud and money laundering in financial institutions. For financial institutions looking to protect against identity crime and money laundering, consider these four components when selecting an early fraud detection solution.
As emerging technologies and alternative data sources open up a world of possibilities, savvy lenders are increasingly leveraging data analytics to make better decisions, protect against fraud and tailor their interactions to better serve customer needs.
More than 3 in 5 merchants agree that reform of the Buy Now Pay Later (BNPL) sector will encourage more businesses to adopt this payment option, according to an Equifax survey.
Equifax spoke with Dany Khoury, the Director of Design Management of the architectural and interior design studio BDAI about their experiences as the first adopter of iCIRT-ratings in their sector.
Nearly 2 in 5 home loan applicants expect more support and better service from their mortgage broker during the early stages of onboarding, according to the Equifax Mortgage Broker Pulse Survey 2023.
Insolvencies and late payments climb, while more SMBs and Sole Traders experience mortgage stress
