May 24 2022
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
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 […]
May 13 2022
The risk of credit default, as inflation and interest rates rise, is highest among borrowers who refinanced recently, especially if they are under 35, according to new research.
Credit bureau illion has released its latest Mortgage Nation 2 report, which says others at high risk include recent borrowers in western Sydney, south-western Sydney, outer Brisbane, Perth, […]
Jun 09 2021
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 […]
Mar 23 2021
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 […]
Mar 19 2021
A key litmus test for the state of the economy is the number of days it takes for businesses to pay overdue bills.
illion’s Trade Late Payments Report is the most comprehensive in the market. Our latest report for the 2020 December quarter shows the Australian economy has some way to go before businesses can rest […]
Mar 03 2021
The big open banking decision – should your organisation go it alone, or is a third party the way to go?
With the Consumer Data Right (CDR) now live, customers can share their banking data with third party institutions such as banks, credit unions, fintechs, online lenders and money management apps. This is open banking, a regulated way for consumers to share their data, giving them greater control and encouraging widespread competition. It’s likely that by […]
Jan 19 2021
By Richard Atkinson, GM Consumer Product, illion
The Australian Competition and Consumer Commission has published its third set of amendments of the Consumer Data Right (CDR) rules which are required to underpin Australia’s emerging open banking system.
The amendments follow the release of a Consultation Paper by the ACCC in October 2020, where feedback was requested on […]
Nov 25 2020
By Jarrid Ohanessian, GM illion Open Data Solutions
The ACCC has recently published the latest set of feedback on further changes to the Consumer Data Right (CDR) rules which are part of Australia’s emerging open banking system. These changes are aimed at making CDR data more widely available, with lower barriers to entry.
As Australia’s oldest and […]