Risk Solutions

A person you trust initiates a video conference and requests access to a confidential document. Nothing in their appearance or demeanour seems untoward, and their follow-up email uses the same communication style you’ve come to expect. So, naturally, you share the file with them.

While insurers are increasingly using data to gain competitive advantage, the potential of credit data remains largely untapped within Australia’s commercial insurance sector. To explore its possible value across the policy lifecycle, Equifax partnered with a leading commercial insurer to augment their internal customer data with Equifax credit data. 

Exploratory sandbox experiments unearthed compelling evidence showcasing the substantial gains of leveraging credit data, specifically across areas such as: Validation, Risk modelling and Marketing strategy.

In a tale of two markets, Australia finds itself contending with starkly opposing realities in its real estate landscape. While the residential sector grapples with a severe shortage, commercial properties, particularly office spaces, are experiencing very high vacancies.

Approving a credit application without checking a customer’s credit report and credit score is like building a puzzle with missing pieces. You may have some parts of the financial picture, but the overall view will be incomplete and maybe inaccurate. Credit reports and scores help credit providers make informed decisions that benefit the entire lending ecosystem. Here’s how...
 

Data analytics to retailers is like a microscope to a scientist – revealing details and patterns in consumer behaviour that otherwise remain unseen. For online retailers, data analytics can mean the difference between guesswork and precise knowledge about what works. Between maintaining the status quo and adapting to dynamic market changes. Between losing revenue to fraudsters and safeguarding profits.

How did project management firm Creative Vision boost their sales enquiries 20-fold? Find out how an iCIRT gold-star rating helped to bolster their brand and expand their market presence.

When Australians purchase, invest in, build, or renovate a home, trust matters. 

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.