Insolvencies at historic high, as long awaited ‘insolvency tsunami’ arrives
14th May 2024

Commercial credit demand improving, but small business owners continue to bear the brunt of difficult market conditions

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Market conditions tighten the reins on financial management, requiring a sophisticated 360-customer view, according to the National Credit Managers Survey 2022 from Equifax

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The 2022 Mortgage Broker Industry Pulse check provides a snapshot of evolving work practices and technology adoption in Australia's mortgage broking industry.

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Educating and supporting borrowers on how to navigate the changing economic environment places extra pressures on time-poor mortgage brokers. We asked Peter White, Managing Director of the FBAA, to share his thoughts on how brokers can keep up with the increased need to work proactively with clients, and the role of technology in freeing up brokers' time.

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The Buy Now Pay Later (BNPL) providers has exploded over the last two years, and this highly competitive small share of unsecured lending continues to attract new players drawn by strong consumer demand for flexible payment options. We asked Alberto Fernandez, Head of Insights at Latitude Financial Services, to share his thoughts about the risks and rewards of operating in this space.

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Demand for mortgages continues to decline as the market adjusts downwards 

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Business credit demand has declined year-on-year as external pressures including interest rate rises, inflation and supply chain pressures begin to hit home for Australian businesses.

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Equifax has announced the enablement of its partnering arrangement with enterprise HR software company Tambla.

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To help retailers reduce online payments fraud while also meeting increasingly high customer expectations, Equifax has announced the launch of Kount in Australia.

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PPSR specialist, Malcolm Poslinsky, was asked by an equipment finance company to review their entire list of 5,000 PPS registrations. What we found was more than 2,000 records had errors that invalidated their registrations, including using the wrong grantor identifying information.https://www.edxppsr.com.au/

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Rising rates of construction industry insolvencies and cost of living pressures continue to place a heavy financial burden on sole traders and small business owners, who make up 97% of construction companies.

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