Rich Data Co

During our recent Town Hall, Kevin Tham, PhD shared some eye-opening statistics that underscore the importance of staying vigilant online. In 1H24 a staggering $159,826,214.77 was reported in losses across 164,117 reported scams. These figures are not just statistics—they represent real people impacted by increasingly sophisticated scammers. The top scams by financial loss include: 💰 Investment Scams: $94,120,506 👩❤️👨 Romance Scams: $13,399,355 📨 Phishing Scams: $10,268,156 With nearly half (47.6%) of scams targeting individuals over the age of 55, it’s clear that scammers are becoming increasingly sophisticated in their tactics. At RDC, our strength lies in our people and our commitment to each other’s safety. That’s why we actively share knowledge about scams and support one another in staying informed. By working together, we can safeguard ourselves and those around us from significant financial losses. Here’s how you can stay vigilant: 🛑Stop – Before acting on any request for money or personal information, pause and evaluate. Scammers thrive on urgency. ✅Check – Always verify the legitimacy of the request by contacting the organization directly through official channels. 💻Report – If you encounter a scam, report it to Scamwatch.gov.au immediately. Your report could prevent others from falling victim. The financial impact of these scams is profound, but by sharing our experiences and spreading awareness, we can help protect ourselves and our community. Let’s use Scam Awareness Week as a powerful reminder to stay informed and vigilant. #ScamAwareness #FinancialSecurity #RDCCommunity #StaySafeOnline

🏅 The RDC 2024 Olympics has wrapped up, and what a week! With typing races, scavenger hunts, and loads of friendly competition, our team brought the heat and the laughs. It was all about team spirit, global connection, and of course, some epic victories! 🥳 A huge congrats to all our winners and participants—you all crushed it! We can’t wait to keep the fun rolling with 'Steptember' frivolities.🚶♂️💪 #RDCOlympics #TeamSpirit #OfficeFun

Announcing the launch of RDC’s AI Decisioning Platform v4.0! This release is a major milestone in our mission to deliver cutting-edge, secure #AI solutions that empower financial institutions to make smarter, more informed decisions while advancing financial inclusion. We’re proud to deliver these innovations to market and continue driving smarter decision-making across the industry. #AIDecisioning #Innovation #SecureAI #FutureOfCredit

Traditional credit scores are no longer enough. It’s time to elevate risk management with AI-driven early warning indicators. Managing portfolio risk for business and commercial lenders is more critical than ever. Traditional methods, relying heavily on tax returns, financial statements, and credit scores, are no longer sufficient. With the rise of AI and machine learning, we're moving towards a more comprehensive and proactive approach to risk management. Early warning indicators, powered by AI, are transforming how lenders assess and manage risk. By analysing a wide range of information, including transaction level data, these indicators offer a forward-looking perspective that goes beyond the historical view. This shift allows lenders to not only identify potential risks earlier but also to seize opportunities for growth within their portfolios. At RDC, we know that proactive risk management is the key to navigating the complexities of modern lending. By integrating AI-driven early warning indicators into your risk assessment framework, you can make more informed decisions, allocate resources more efficiently, and foster stronger, more resilient customer relationships. As we continue to innovate and evolve, our goal is to enable financial institutions with the solutions they need to thrive in an uncertain world. With RDC’s advanced and explainable AI, lenders can confidently manage risk, protect their portfolios, and stay ahead of the competition. Want to see how our early warning solution can enhance your lending portfolio? Contact us for a demo today. #RiskManagement #AI #CreditRisk #EarlyWarningIndicators #FutureOfCredit https://buff.ly/4fRhYA7

We are thrilled to welcome Carroll Patton to RDC as our new Senior Credit Advisor for North America. Carroll brings nearly 15 years of banking and fintech experience, specializing in commercial credit risk analytics and relationship pricing. He has a proven track record of guiding financial institutions through successful software platform implementations and data analytics solutions. Carroll is particularly passionate about partnering with clients on their digital transformation journeys. Outside of work, Carroll enjoys spending quality time with his family and friends. He loves the outdoors, attending his children's sporting events, and volunteering in the local community. Welcome to the team Carroll! #FutureOfCredit

Our Series B funding raise sees a further $9 million in capital investment from our partners Acorn Capital Ltd, who join Westpac and nCino, Inc. to round out funding to $37 million. We're so excited to continue working with our partners who place trust in our team to achieve our ambitions in AI for business lending and commercial lending. This further investment will help accelerate our expansion into the North American market where we are seeing increasing demand for advanced AI solutions. Thank you to all our partners for their continued support. More via Business News Australia Pty Ltd: https://lnkd.in/gbwDBpDX Ada Guan Gordon Campbell Michael Coomer Charles Guan #FutureOfCredit #ArtificialIntelligence #MachineLearning

Congratulations to our partners nCino, Inc. who were named in CNBC's list of World's Top Fintech Companies in 2024. nCino's Continuous Credit Monitoring solution that is powered by our AI-decisioning platform enables us to provide a new level of transparency for customers around their business and commercial lending. Great work team!   #ArtificialIntelligence #MachineLearning #FutureOfCredit   https://lnkd.in/gCYukbZq

Our leadership team has been busy over the last few weeks attending events to connect with the industry. Check out some of the highlights: Our CEO Ada Guan, shared her insights at The Australian Financial Review's recent AFR Entrepreneur Summit, focusing on the lending journey and our business growth. Charles Guan our CTO, spoke at Amazon Web Services (AWS) AI Day, exploring how responsible AI development can transform products and fuel growth. Our CCO Gordon Campbell, attended our partners nCino, Inc.'s breakfast series alongside Accenture Australia, where they discussed how banks are scaling AI in commercial lending, including credit monitoring and adaptive banker experiences. Great to see our team driving discussions across the industry on navigating AI in financial services. #FutureOfCredit #MachineLearning #ArtificialIntelligence 

Navigating risk management and regulatory compliance is a challenge for many financial institutions. Our Head of Solutions, John Zugelder, CFA, highlights how explainable AI tools are being rapidly adopted to improve accuracy, reliability and transparency to reduce risk within banking. Our AI decisioning platform is enabling more accurate and equitable lending decisions for banks through our integrated, knowledge based AI approach. Read more from John via GRC Outlook here: https://lnkd.in/gRiAK95b #FutureOfCredit #ArtificialIntelligence #MachineLearning 

We're excited to welcome James Kay to RDC as our new Cloud Security Architect in North Sydney. James brings a wealth of expertise in both cloud and cybersecurity, with experience spanning multiple industry verticals. As an accomplished professional and leader, he is passionate about innovation and automation. In recent years, James has successfully led and implemented numerous secure enterprise cloud solutions for a diverse range of customers across Australia and New Zealand. Outside of work, James enjoys maintaining an active lifestyle and usually spends his weekend training across a variety of disciplines. Please join us in welcoming James to the RDC family. We look forward to his contributions and are excited to see the positive impact he will make! #FutureOfCredit #NewHire