MONEYME is a leading Australian digital non-bank lender that prides itself on delivering fast, digital-first credit products. Utilising its proprietary Horizon AI platform, the company offers a range of financial solutions, including personal loans, auto finance via Autopay, and a recently expanded credit card product offering. As MONEYME expanded its offerings to include premium partnerships and higher credit limits, it required a verification process that could scale without compromising its signature speed.
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One year ago, the warning signs for Australia's construction industry were evident. Our data showed that construction industry insolvencies would be on the rise and that small construction business operators were dipping into their personal finances to keep their operations afloat.
Fast forward one year.
Credit card demand continues to grow
The oil and gas giant receives up to 1,000 fuel card applications a month from transport operators around Australia and New Zealand.
Business credit demand decreased year-on-year in the December quarter, with commercial enquiry volumes falling across all product types.
Mortgage demand continues to fall, while personal loan arrears suggest further financial turbulence ahead
Equifax Group Managing Director, Melanie Cochrane, explains why financial inclusion should be a top-of-mind issue as Australia braces for an economic slowdown. The vulnerability of financially excluded groups who struggle to access credit is likely to escalate with increased pressures on household budgets. With limited or no access to the credit system, it's harder for Australians to start or grow a business or take control of their financial wellbeing in a way that contributes to the broader economy.
Australians are now taking strategic action to improve their finance and credit standing to combat an uncertain economy, reveals the Equifax Australian Credit Scorecard 2022
Introducing the Equifax A/NZ Sustainability 2023 Focus Areas
While there is no silver bullet for the prevention of cybercrime, there are measures your organisation can take to minimise the impact of a data breach.
Equifax is aware of an ongoing SMS phishing campaign targeting people impacted by the Optus data breach. DO NOT click on the link, respond to the sender or enter your personal information. Equifax will never ask you to validate your identity by providing your credit card details.
