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Feb 14 2025 
Navigating Australia’s Expanded AML/CTF Regulations
The Australian Parliament passed the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 on 29 November 2024, amending the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
With the aim to close regulatory gaps and bring Australian law in line with international standards, the new legislation introduces a number of material changes.
One of the changes is the extension…
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Oct 28 2024 
The lenders guide ebook
Complimentary eBook: The lender’s guide to navigating a high-stress, high-risk economy maintaining operational efficiency and service
Growing economic pressures mean many more Australians are struggling to get ahead financially, causing a rise in default risk. At the same time, lenders must leverage all available tools, technology, and data to assess customer risk, while maintaining customer satisfaction…
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Sep 26 2024 
Australian Consumer Stress Barometer Webinar September
The latest illion research has established that credit risk has now spread to Australians who are over 50. While this appears to simply be another affected group, the potential fallout is significant.
Please watch as we explore the domino effect of a group traditionally known as the ‘Bank of Mum and Dad’, and the potential impacts…
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May 21 2024
Australian Commercial Risk Barometer Webinar
With the launch of our inaugural Australian Commercial Risk Barometer, we hosted a list of illion experts at the illion Australian Commercial Risk Barometer Webinar to discuss insights from the Barometer in more detail.
A significant finding shows that business failure risk has risen by more than 6% in the 15 months to March 2024, and…
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Nov 09 2023
illion Transaction Risk Score blog
The illion Transaction Risk Score (iTRS) assesses an applicant’s bank transaction data to provide a fresh and unique insight into their financial behaviour.
This solution is the most significant enhancement to data-driven risk management since the introduction of Comprehensive Credit Reporting.
Both lenders and consumers can stand to profit through better credit underwriting, more effective loan pricing…
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Sep 04 2023
What is biometric authentication
Biometric authentication is a secure personal identification process that uses our unique physical or behavioural characteristics to prove we are who we claim to be.
The terms biometric authentication and biometric verification are synonymous and are often used interchangeably. Both involve the comparison of characteristics against a template or record, for example, a selfie or photo… -
Apr 13 2023
LGAs with the highest probability of business failure in Australia
Western Sydney the canary in the coal mine for commercial insolvencies and economic recession in 2023. Victoria’s Hume and Wyndham not for behind. Perth doing best.
11 April 2023: Businesses across the country are starting to feel the squeeze as consumer financial strain trickles down into business performance.Credit bureau illion has released new data on the…
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Apr 03 2023 
How smart technology is changing the lending landscape
Steve Brown (Head of Client Engagement, Banking and Financial Services, illion) sits down for a talk with Julian Fayad (Founder and CEO, LoanOptions.ai) to discuss the changing lending landscape and the impact of artificial intelligence.
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Feb 15 2023
5 questions to consider about PEP and sanctions screening
Recently, the Australian Sanctions Office (ASO) notified the public about the amendments to the Consolidated List. The Consolidated List got lengthier with the inclusion of a few more individuals and entities as a result of changes made to the United Nations Security Council Resolutions 1267 (concerning ISIL (Da’esh), Al-Qaida and associated individuals), autonomous sanctions on…
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Feb 15 2023
5 ways perpetual KYC improves AML monitoring outcomes
Financial institutions have an obligation to continuously monitor transactions and escalate suspicious matters to the Australian Transaction Reports and Analysis Centre (AUSTRAC).
This can be challenging if you have limited resources.
Further, if your organisation relies on traditional periodic Know Your Customer (KYC) reviews, you may not achieve the results you need to make key risk management…
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