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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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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… -
Feb 06 2023 
Q&A video: Minimising the risk of identity theft
According to the Australian Institute of Criminology, the annual economic impact of identity crime exceeds $2 billion, with 1 in 4 Australians falling victim at some point in their lives.
To minimise the risk of identity theft, it is critical for businesses to know who their customers really are. illion’s KYC, Financial Crime & AML Solutions specialists Peter…
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Dec 14 2022 
Q&A: Minimising the risk of identity theft
In this interview, KYC, Financial Crime & AML Solutions specialists Peter Chan and Simo Buzanin share some key insights around how illion can help you minimise the risk of identity theft.
According to the Australian Institute of Criminology (AIC),the annual economic impact of identity crime exceeds $2 billion, with 1 in 4 Australians falling victim at some… -
Nov 21 2022 
Five important steps to safeguard your business from identity theft
In light of recent data breaches that have now (unfortunately) become commonplace, this week’s International Fraud Awareness Week 2022 couldn’t have come at a better time.
Business that are custodians of customer and employee data must take important and practical steps to prevent hackers from accessing this information.
Our video will help you with understanding what you…
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May 09 2022 
Banking transaction data a useful credit assessment tool
The banking transaction data available through open banking offers a powerful add-on to credit reporting data and internal credit scores, giving lenders greater confidence when assessing loan applications from “credit immature” borrowers.
This is the key finding of an illion study of how Australian consumers with little or no credit profile are dealt with by lenders.…
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Jun 09 2021
Charging the dead for life insurance
Media reports have again surfaced about financial services firms ending up in court because they have been charging deceased customers for advice or insurance cover they did not receive.
The issue was first raised sensationally back in 2018 when the Hayne royal commission hearings found that big banks and financial institutions were charging a ‘fee for…
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Mar 23 2021 
The future of Consumer Risk: alternative data sets and the challenge of digitisation.
On the surface, evaluating consumer risk may seem simple – we’re assessing the creditworthiness of our customers. An accurate assessment will help deliver a more predictive picture, so where we concentrate our focus on what really matters. But why do we assess consumer credit risk, and how might this change in the future? It turns…
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