This time of year offers the best chance for businesses to finalise their reporting and operations for 2015, and implement and plan new strategies and programs for the next calendar year.

Sydney, Australia, Monday 20 July 2015: Veda, the data analytics company and leading provider of credit information and analysis in Australia and New Zealand, today announced its strategic investment with a majority stake in GetCreditScore, the website providing free credit scores to Australians.

Representatives from more than 30 organisations attended an Anti-Money Laundering compliance forum to consider the face of looming Anti-Money Laundering/Counter Terrorism Financing (AML/CTF) regulatory changes.

ALMOST $2 billion worth of credit applications in the past year were flagged as potential fraud risks, with identity theft fast becoming the modus operandi for fraudsters.

Imelda Newton, General Manager of Equifax's Fraud & Identity Solutions, talks to Australian Broker about how brokers can help identify potential identity thieves.

Credit providers have been warned to increase their defences against fraudulent activity following the release of data that shows credit application fraud in Australia is now at its highest level since 2009.

Credit application fraud is now at the highest level since 2009 as fraudsters devise new ways to defraud financiers.

Veda Group Limited (Veda), the data analytics company and leading provider of credit information and analysis in Australia and New Zealand, has launched Knowledge Based Authentication (KBA), the latest feature to their renowned IDMatrix electronic identity verification service. 

IDMatrix enables straight through processing for online customer on-boarding within seconds with identity verification and fraud assessment