With an evolving risk landscape and growth in technological innovation, it’s vital to stay informed.
Equifax Risk Solutions provides the insights businesses need to make highly informed decisions helping to identify, measure and mitigate risk.
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While PEP, sanctions and adverse media screening are vital for customer due diligence, false positives create unnecessary delays and frustration. These inaccurate matches waste time and resources, slowing down onboarding and impacting the customer experience.
So, how can you optimise your screening process and minimise false positives?
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The Buy Now Pay Later (BNPL) providers has exploded over the last two years, and this highly competitive small share of unsecured lending continues to attract new players drawn by strong consumer demand for flexible payment options. We asked Alberto Fernandez, Head of Insights at Latitude Financial Services, to share his thoughts about the risks and rewards of operating in this space.
PPSR specialist, Malcolm Poslinsky, was asked by an equipment finance company to review their entire list of 5,000 PPS registrations. What we found was more than 2,000 records had errors that invalidated their registrations, including using the wrong grantor identifying information.https://www.edxppsr.com.au/
Kount's Fraud Protection Platform upgrades the customer experience and increases revenue for Brooks — delivering frictionless protection across the entire customer journey and opening new international revenue channels.
While eCommerce fraud attacks are nothing new, bad actors are becoming ever more sophisticated. The rise in online commerce accelerated by the pandemic has increased the threat to the extent that eCommerce merchants may lose $US24 billion to online payment fraud by 2024¹. The remote purchase of physical goods is the leading culprit, accounting for over 47% of online payment fraud losses in 2021².
With the right data, it's possible to see the early warning signs when a building firm like Probuild starts to struggle. A data-driven assessment conducted after Probuild's demise shows there were plenty of danger signals in the years leading up to its unfortunate demise.
Combating cybercrime may now be the single most crucial risk-management activity for every Australian company.
Wherever there is data, there are answers. But there are right answers, and there are wrong answers.
Good-quality data can be relied upon to give valuable insights for better decision making, but the same can't be said of low-quality data. Data that is incomplete, dated or not fit for purpose can result in inaccurate or misleading outcomes.
Australian-based global software company, Inspect Real Estate (IRE), could see a need to make the tenant application and screening process faster and easier for property professionals and property seekers.
Every year from 2011 to 2021, Equifax has solicited the views of credit managers around Australia to gain insight into credit risk management practices, sentiments and trends. A decade of data provides a unique perspective of the past, the present, and the future of credit management in Australia. Here, we look at where the industry is heading and how it has transformed, including the impact of COVID-19.
Digitalisation is driving innovation in many areas of credit evaluation, and credit scoring is no exception.
Data availability is exploding, consumer expectations are rising, and analytic capabilities are rapidly advancing. It's a heady mix that is bringing about transformational improvement to the accuracy of credit scores.
