illion

In our most recent Economic Snapshot, we highlighted the industries in New Zealand at the highest risk of late payments and business failure, as well as sectors exhibiting the most resilience. For more information on how we gathered and analysed this data, check out our Behind the Data FAQ blog below: #LatePayments #RiskManagement #BusinessFailure

Last week, The Australian Financial Review ran an article detailing the growing use of credit cards by Australians and what are some of things to look out for when picking which card best suits your needs. illion data was referenced through the article showing how older Australians are taking out credit cards significantly faster than younger generations, with default risk for those over 50 rising more than 4% in the June quarter, compared to 2 per cent for those under 50. Our Head of Modelling Barrett Hasseldine is quoted in the article emphasising the point that older Australians typically have a higher savings buffer, so this level of deterioration is quite serious. To read the full article click here - https://lnkd.in/g36SJxAG    #CreditCards #DefaultRisk #Saving

The team at Dun & Bradstreet are running a webinar next month, looking into how artificial intelligence can accelerate sales growth and empower the success of your team. Occurring on Thursday, 24 October at 8pm AEDT, the ‘Accelerate growth with AI’ webinar will run through the benefits of an AI-driven sales approach, where AI can support sales and how D&B Hoovers can assist in this changing technology landscape. Click here to register - https://lnkd.in/g3BmVMQK   #ArtificialIntelligence #Growth #Webinar

Want to know which NZ industries are most vulnerable to late payments and business failure? Our proprietary commercial risk scores have identified the industries facing heightened risk of late payments and potential business failure, as well as sectors demonstrating resilience amidst current economic conditions. Read our Economic Snapshot below to find out more. #LatePayments #RiskManagement #BusinessFailure

Don’t miss your chance to register for this Wednesday’s Australian Consumer Credit Stress Barometer webinar, starting at 11am AEST. Hear from illion’s Chief Client Officer Mark Russell and our Manager, Bureau Analytics Michael Landgraf who will discuss our latest consumer credit stress findings, such as what factors have led to a 4% increase in consumer credit stress in 2024. Click through to the below LinkedIn event where you will find more details and our registration link to the Zoom webinar. See you Wednesday! #ConsumerStress #CreditRisk #Webinar

Last financial year, almost 3,000 building and construction companies in Australia went out of business. This has put many subcontractors in a precarious position, as their livelihoods are often closely tied to the financial success of primary contractors. In this article, we reveal one key step subcontractors can take to protect themselves from the risk of primary contractor failure. Read the article by click here – https://lnkd.in/gbtVCqnT #Subcontracting  #Tenders  #RiskManagement

We’ve had some photos come through from the team who are attending Intersekt 2024 over the next two days, an event hosted by FinTech Australia In the morning, our Head of Growth Craig Brooks moderated the ‘Optimising the Borrower Lifecycle’ panel, where he spoke about illion’s experience assisting fintech’s to better serve customers at each stage of the loan lifecycle.   The illion stand has also been busy with our team meeting clients, partners and experts in the fintech industry all sharing ideas that contribute to the success of fintechs in Australia.   Thank you to everyone on the ground at the event: Daniel Cannizzaro, Angus Nicholls, Edwin Tolentino, Shiang Wong and Tom Dolman.   #Intersekt2024 #FinTech #Events

The growing threat of money mules, scams, and identity theft highlights an urgent need to safeguard against identity fraud. Leveraging millions of identity verifications, greenID Alert can detect fraud during onboarding, empowering organisations to apply a step-up identity process or reject an application altogether. Designed to integrate with illion greenID, greenID Alert can strengthen your existing identity verification process. Find out more here: https://lnkd.in/g4F__t6M #IdentityFraud #FraudPrevention #DataProtection

Last week Special Broadcasting Service (SBS) Australia ran an article detailing how Australia’s national savings ratio has dropped to 0.6%, a 17-year low. What this means is that for every $100 that Australians earn, they are only saving 60 cents. illion’s September 2024 Australian Consumer Stress Barometer is referenced in the article showing how in the June quarter default risk has risen by 2% for those under 50 and by 4% for those over 50, highlighting why Australians are struggling to save.   You can read the article by clicking the link below. To find out more insights from our barometer. Register for our upcoming webinar - https://lnkd.in/gVfYC-xP    #Savings #CreditRisk #Barometer

Every day in Australian almost 9 people take their lives, emphasising the importance of today’s R U OK? Day initiative, supported by the R U OK? Charity.   R U OK? Day is the National Day of Action for suicide prevention which encourages regular, meaningful conversations that build trust and normalise talking about when someone may be struggling with and feeling okay to open up about your problems.   illion recognises the need to prioritise the wellbeing and mental health of all our employees and we support this through our employee assistance program that provides free and confidential counselling, wellbeing training for all employees and flexibility in the workplace.    #RUOKDAY #MentalHealth #Wellbeing