Jul 03 2020
As two million Australian entities prepare their end of financial year accounts they may be surprised to see that COVID-19 is yet to trickle down to their balance sheets.
Billings are still high and bad debts are yet to come to […]
Jun 29 2020
New data released today by our team in collaboration with AlphaBeta shows that Australia’s low-income earners – those earning less than $65k a year – have carried the economy on their shoulders throughout the COVID-19 crisis.
On the other hand, across […]
May 21 2020
At illion we have been assessing the risk to Australian businesses for over 130 years and there are four key barometers we watch:
The state of the Australian Receivables ledger and hidden risk
How fast companies pay each other
Mar 17 2020
Natural disasters and unexpected catastrophes are inevitable, but not every business is sufficiently prepared for when things don’t go according to plan. The resulting fallout a disaster could have on your business can be enormous, however, having a plan in […]
Feb 27 2020
By Simon Bligh, CEO illion
AUSTRAC has recently released the latest in a series of risk assessments into money laundering and terrorism, focusing this time on Australia’s mutual banking sector. This insightful report has confirmed AUSTRAC’s overall assessment of the money […]
Feb 24 2020
Customer satisfaction wins
The growth of the mortgage broker channel in recent years is giving consumers more choice when selecting an intermediary to broker the best home loan deal for them. Earlier in 2019, the industry achieved a record 60% share […]
Feb 21 2020
Responsible lending guidelines for customer-owned banks and mutuals
The Australian Securities and Investment Commission has released an updated document called RG 209, which clarifies the responsible lending guidelines for all financial service providers under the National Credit Act.
RG209 – Credit Licensing: […]
Sep 18 2019
12 million Australians should see their score improve
Comprehensive Credit Reporting (CCR) will make the Australian financial system more stable and introduce more competition into the $1.8 trillion mortgage and credit card markets.
By Tuesday 17 September, the mortgage repayment data of […]
Nov 27 2018
Retailers hit wall ahead of peak sales season
Australian retailers are going bust in record numbers. The latest analysis from illion reveals the sector’s failure rate hit record levels during the September quarter of 2018. The failure rate for retailers has […]
Oct 30 2018
illion launches Australasian-first credit profiling for business
Data and analytics company illion has delivered another innovative business solution, launching Credit Simple for Business via its Credit Simple platform. The free online credit scoring tool enables companies to instantly assess the risk […]