illion

Bringing together illion and Experian Australia and New Zealand presents an exciting opportunity to transform the Australasian market.   As a unified business, we will be combining our complementary strengths to deliver powerful, data-driven solutions for businesses and consumers across the region.   People remain our greatest differentiator, and we are continuing to foster a culture of high-performance and collaboration to support every client.   By uniting our teams, data, and technology, we will be able to offer an even more comprehensive suite of services.   #CreditRisk #Collaboration #GreatPlaceToWork

The growing threat of money mules, scams, and identity theft highlights an urgent need to safeguard against identity fraud. Leveraging millions of identity verifications, greenID Alert can detect fraud during onboarding, empowering organisations to apply a step-up identity process or reject an application altogether. Designed to integrate with illion greenID, greenID Alert can strengthen your existing identity verification process. Find out more here: https://lnkd.in/g4F__t6M #IdentityFraud #FraudPrevention #DataProtection

Whether you operate a small business or work in a large company, securing tenders can be the key to driving growth. Tender contracts not only generate revenue, but can help build a reputation that can unlock doors to more opportunities and partnerships. In this article, we explore different ways you can find tenders, from the pros and cons of monitoring sources yourself to the benefits of utilising public notices and private invitations. Read the article below. https://lnkd.in/giabqbb6 #Tenders #Contracts #Opportunities

Did you see our news from last year? Having recently become an Experian company, we were delighted to share in the news that Experian has been announce by Great Place To Work® and Fortune as one of the World’s Best Workplaces™ in 2024. Proudly ranking number 14 in the list, this important award recognises the people first and purpose driven journey and commitments of the company. For more information on this recognition and to see the full World’s Best Workplaces™ 2024 list, click here - https://lnkd.in/eaFXRnPV #ExperianTop25 #WorldsBestWorkplaces #UniquelyExperian

Our Data and Analytics experts have uncovered a concerning trend of rising credit stress affecting Australians of various age groups.   Based on this, we have developed an eBook specifically for consumer lenders titled: ‘The lender’s guide to navigating a high-stress, high-risk economy, while maintaining operational efficiency and service’. It’s a wrap up of what we’re expecting in the next 12 months, as well as some practical strategies that offer successful results similar to those we’ve encountered from working with over 750 lenders and processing over 40 million transactions a week.   Have a look through some of our insights below, and you can download your free copy of this eBook here - https://lnkd.in/gHw-fFwU   #Consumercredit #Lenders #CreditStress

illion’s latest Consumer Credit Stress Barometer was recently featured in the December edition of Money Magazine Australia which summarised the economic conditions in the Australian economy at the end of 2024 – particularly inflation and interest rates.   Data from our Barometer was used to show how mortgage risk was improving overall, even with economic stress still evident for those on lower incomes, mortgage-belt Australians and for small business.   You can read the full article here - https://lnkd.in/g3ZNZtq8   #Economy #ConsumerStress #Money

Our 2024 LinkedIn Wrap Up is now officially live – check it out below!   We’ve had another busy year and achieved so much together all thanks to our incredible employees and to you our incredible followers.   This will be our final post for the year as we take a well-earned break and we’ll be back serving you content from January 2025.   Until then, have a Merry Christmas and Happy Holidays from everyone here at illion!   #MerryChristmas #HappyHolidays #WrapUp

We’ve just received some photos from our attendance at last month’s 2024 Arca Credit Summit at the RACV Royal Pines on the Gold Coast. We had a fantastic time reconnecting with industry leaders and sharing insights.   We’d like to extend a special thank you to our Managing Director, Credit Bureaux, Data & Analytics, and TenderLink, Brian Bond, and our Head of Modelling, Barrett Hasseldine, for delivering a powerful session on harnessing the Consumer Data Right to drive innovation in lending.   And, of course, a massive thank you goes out to our wonderful team on the ground for your incredible passion and energy, Steven Deglas, Craig Brooks, Michael Chatfield, Kim F., Kate Jackson, Tristan Taylor, Rebecca Barbour, Simone Jemmett, Jordan Harris, Michael Sheppard , David Moss and Kat Kruger.   We look forward to continuing these valuable conversations and working together with industry partners to shape the future of credit.   #ARCA2024 #CreditManagement #ConsumerFinance

The 2024 economic landscape has been a mixed bag, with cost-of-living pressures and shifting consumer behaviour impacting businesses across Australia and New Zealand.   While some areas are seeing improvement, challenges remain, particularly for certain consumers and industries.   To find out more, read our Australia and New Zealand Year in Review 2024 snapshot below. To learn how we collected and analysed the data in this report, you can read our Behind the Data blog here: https://lnkd.in/g6WxzxzY   #Economy #ConsumerLending #CommercialRisk

New data released this week by illion suggests that the implementation of the Federal Government Stage 3 tax cuts appear to be working as intended. Data from our December 2024 Australian Consumer Stress Barometer report shows that the Australian economy is still shaky, default risk is roughly 9% higher than in early 2022, and the cuts have been used to reduce consumer debt & mortgages without increasing discretionary spending. Credit stress has improved, shoring up the finances of struggling households.   You can download the full report here - https://lnkd.in/gqM-mN_A   #ConsumerStress #CreditDefault #Barometer