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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?
Read moreSmart decisions take many forms, but the best ones are usually those based on accurate and reliable analytics. The development of an Equifax solution for improving the accuracy and coverage of ANZSIC codes has improved the ability of SMEs to make decisions that can help increase profits and mitigate risk.
Test for bias in your artificial intelligence. Then learn how to work towards the fairest outcome for your customers.
The downturn in the Australian automotive industry is expected to last into 2020. A motor industry overview presented by Deloitte at the recent Equifax Automotive Finance Forum painted a stark picture of declining car sales and an industry heavily reliant on income from bonuses and Finance & Insurance
Q2 2019 insolvency statistics show a 15% increase compared with the previous quarter.
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Fraudulent account opening is a global problem that continues to rise. In Australia, there has been a rise in the number of fraudulent attempts to open transaction bank accounts by money mules, as well as efforts to use stolen identities to open accounts.
Technology continues to drive transformation, shifting manual processes to automated solutions and the ongoing evolution to digitised lending will bring greater accuracy and insights to credit risk.
Retail trade and construction are among the industry sectors to experience an increase in insolvencies, according to the latest statistics* released by the Australian Securities and Investment Commission (ASIC) for the first quarter of 2019.
A recent court case has shown that when it comes to conducting a grantor search on the Personal Property Securities Register (PPSR), thoroughness is the key.
Capturing the information required for regulatory compliance without hindering the customer experience is a balancing act faced by all reporting entities.