-
Aug 14 2022 
Economic Snapshot August 2022
As the cost of living continues to soar, Australians who’ve entered debt collection arrangements are facing an even deeper crisis.
Can they continue to keep honouring their payment commitments?
Find out what we’ve discovered in our latest Australian Economic Snapshot below:Is Australia facing an insolvency time bomb? Current data reveals a significant increase in Australian business insolvencies.
Find…
-
Jul 18 2022
War and financial crime: Five things every risk manager must consider
As the war in Europe rages on, financial crime risk managers face a greater onus than ever before. However, some managers are still putting off improving their compliance practices, citing cost as an excuse. But the reality is that the cost of non-compliance is much higher.
Any breach of Australian sanction laws can result in imprisonment…
-
Jul 18 2022
Knowledge: the key to retaining customers
Customer churn (the loss of customers) can seriously hurt your business revenue. While some amount of churn is inevitable in any business, you still need to have an effective churn reduction strategy in place.
The cost of acquiring new customers is much greater than keeping existing ones. And so, retaining customers should be a priory for…
-
Jul 13 2022
John Banfield’s first 100 days as CEO
John Banfield sits down with Nick Pilavidis, CEO of the Australian Institute of Credit Managers (AICM) to celebrate his first 100 days at the helm of illion.
Find out what he has learned and what the future looks like for illion and its customers.
Read more Insights or follow our LinkedIn page for more updates
-
May 24 2022
How to truly understand your target market
Customer acquisition is critical to the success of any business.
It can also be one of the most time-consuming and costly challenges an organisation can face, if your acquisition marketing campaigns aren’t accurately targeted.
To pinpoint the right customers without wasting valuable resources, it is essential you understand your target market in detail. This not only requires…
-
May 24 2022 
-
May 23 2022
First-time homebuyers bite off more than they can chew
A new report published by illion reveals that the average Australian mortgage holder could be $15,000 worse off each year, with rising servicing costs and inflation pressures. This may lead to a much broader economic impact which could send Australia into a recession. New homeowners under 35 appear to at greatest risk. If they are…
-
Mar 16 2022
Russian sanctions and global supply chains
New Russian sanctions have serious implications for global supply chains
To mitigate legal risks, any businesses potentially exposed to Russian clients or suppliers should perform ad hoc sanctions screenings immediately, and be alert to the evolving situation.This involves checking that any individuals, organisations or third parties you are dealing with are not subject these new sanctions.
illion…
-
Dec 22 2021
How to unlock the power of open banking with the Consumer Data Right
With Australians now sharing their financial data, new opportunities are opening for both small and large businesses.
Consumer awareness and confidence about the benefits of data sharing is growing, as greater competition in the financial services market improves customer experiences.
For businesses to access this new wealth of data, certain regulatory requirements must be met.
Our quick guide…
-
Nov 30 2021
Keeping an eye on complex structures
Non-individual customers can present a higher level of risk than individual customers.
Verifying the identity of the beneficial owners behind a complex business structure requires much greater due diligence.
One key obligation is to consider the various risks these beneficial owners may pose to your business and the Australian community.
The challenges behind non-individual customers
In a recent report…
Your Privacy
We use cookies to provide you an enhanced user experience on our site. You can find out more by reading our privacy policy.
