The rapid acceleration of Artificial Intelligence (AI) presents a transformative opportunity for credit management. A recent survey, conducted in partnership with AICM, confirms this forward-looking mindset across the credit management community.
Read more
The long-anticipated insolvency backlog ‘tsunami’ may finally be coming to shore.
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.
