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Australian Risk Climate: Business Demand Shows Signs of Improvement

Veda Quarterly Business Credit Demand Index: Business credit demand shows signs of improvement (BCDI Jan to March 2015) Veda Quarterly Business Credit Demand Index, measuring applications for business loans, trade credit and asset finance, rose at an annual rate of 2.4% in the March 2015 quarter. The increase reflected significant rises in business loan applications (+7.8%) and asset finance applications ... Read More »

Veda Quarterly Consumer Credit Demand Index: Strongest Growth in Credit Card Cemand in almost a Decade

The Veda Quarterly Consumer Credit Demand Index, which measures the volume of credit card and personal loan applications processed through Veda’s Consumer Credit Bureau, saw a lift in consumer credit demand in the March quarter, with annual growth of  3.9% compared with the same period last year. Demand for credit cards, up +13.5% for the quarter, was offset by a -5.2% ... Read More »

Veda Partners with MOGO

Veda partners with MOGO to bring real-time income checks to financial institutions Financial institutions in Australia are preparing to move away from manual handling of income and expense checks using a new automated tool that will speed up the loan application process and reduce paperwork. MOGObankconnect is a simple, secure and effective verification solution for financial institutions.  Veda, the leading ... Read More »

Australian Risk Climate: 772,000 Victims of Identity Theft

Online black market is closer than you think with 1 in 5 Australians affected by identity theft Personal information is currency in the underground world of cybercrime, which has managed to sting 5% of Australians – more than 772,000 people – with identity theft in the past 12 months alone. A new survey by credit bureau Veda shows that almost ... Read More »

Veda Supports Fintech Hub in Sydney

Veda announced its support as a foundation corporate partner of Sydney’s fintech hub. To be known as Stone and Chalk, the hub is a cross-industry initiative, with the support of the NSW Government, to help foster and accelerate the development of world-leading Australian fintech start-ups. Premier Mike Baird officially launched the hub in Sydney recently, welcoming the commitment from government and ... Read More »

Veda launches VedaScore VedaScore Apply®

New Service helps credit providers minimise risk, maximise approval rates and ease transition to comprehensive reporting Veda, a leading provider of credit information and analysis in Australia and New Zealand announced the launch of VedaScore Apply®, a new service designed to help lenders better assess the risk profile of individuals applying for a loan. VedaScore Apply® leverages the new comprehensive ... Read More »

Australian Risk Climate: Business Credit Demand Levels Out, with a Modest rise in the Fourth Quarter of 2014

Overall business credit applications rose 1.5% for the December quarter 2014 (vs December quarter 2013) Modest growth in business loans (+2.9%) and trade credit (+1.8%), although the rate of growth eased Asset finance declined slightly (-1.1%)  (vs December quarter 2013) The Veda Quarterly Business Credit Demand Index, measuring applications for business loans, trade credit and asset finance, rose at an annual ... Read More »

Veda Acquires ‘The Prospect Shop’

Veda announced the acquisition of direct marketing and data agency The Prospect Shop (TPS).  The investment is part of Veda’s growth strategy for its marketing services division, Inivio. The acquisition of TPS expands Inivio’s offering into the not-for-profit market sector and business to business marketing. TPS provides target marketing services to improve return on marketing investment (ROMI) for their customers ... Read More »

Datalicious: Search Gets the Glory while Facebook and Display Do all the Work

It’s time for marketers to mix-up their love affair with search advertising when allocating media budgets, according to ground-breaking research released by Datalicious, a company of the Veda Group. The study by Datalicious of more than 700 million media touch points examined each of the advertising channels consumers ‘touched’ – a method known as ‘multi-touch attribution’. Their framework challenges the commonly used ... Read More »

Veda Hosted Meeting of Minds to Combat Financial Services Fraud

Senior executives from Australia’s big banks, credit unions, card companies, and international financial institutions were joined by Australian law enforcement officials and leading Australian and international anti-fraud experts to discuss new threats in financial services fraud. Global data sourced by Veda from the September quarter 2014[1] showed during the reporting period, 44 per cent of transactions analyzed were from financial services, ... Read More »

Veda New Zealand First to Launch Passport Verification Service

New Zealand’s leading credit bureau, Veda, has extended its extensive suite of electronic identity verification products to include a real-time Passport Verification Service via the Department of Internal Affairs. Veda is the first to launch a Passport Verification Service to market in New Zealand enabling its customers to quickly and cost-effectively verify their customers’ identities, reduce risk and enhance their ... Read More »

Australian Credit Demand Mixed with Hunger for Credit Cards

Overall consumer credit demand eased to -1.8% (vs September quarter 2013) Credit card applications up 7% on September quarter 2013 Personal loan applications fall 10% on September quarter 2013 Growth in mortgage applications cools nationally to +5.1% (vs September quarter 2013) The Veda Quarterly Consumer Credit Demand Index, which measures the volume of credit card and personal loan applications processed at ... Read More »

Australian Risk Climate:  Appetite for Business Credit Lifts

According to the Veda Business Credit Demand Index the appetite for business credit lifts in Q1 2014, led by non-mining sectors (BCDI July to Sept 2014) Overall business credit applications rose 3.6% for the September quarter 2014 (vs September quarter 2013) Growth in business loan and trade credit applications, particularly in non-mining sectors in September quarter Decline in asset finance ... Read More »

Veda SIMAH Risk Solutions Launched in Dubai

John Roberts, Chairman of Veda SIMAH Risk Solutions spoke recently about the launch of Veda SIMAH Risk Solutions, a joint venture between the leading provider of credit information and analysis in Australasia (Veda) and the Saudi Credit Bureau (SIMAH); the Saudi Credit Bureau (SIMAH); the sole national credit bureau operating in Saudi Arabia.   Veda SIMAH Risk Solutions offers expertise in ... Read More »

Veda Acquires Kingsway Financial Assessments Pty. Ltd.

Veda announced the acquisition of financial risk assessment company, Kingsway Financial Assessments Pty Limited (Kingsway) increasing its scale and capability in procurement risk. Kingsway has been in business for over ten years providing independent financial assessment services to support better decision making and improve risk management for procurement professionals.  Kingsway helps its government and business customers to identify if companies ... Read More »

Veda Partners with IBM

IBM (NYSE: IBM) announced it has signed a five-year multimillion dollar agreement with Veda (ASX: VED), a provider of credit information and analysis in Australia and New Zealand.  The agreement extends Veda’s existing strategic outsourcing relationship with IBM, which continues to provide Veda with a highly reliable and resilient infrastructure, and now includes cloud services. “The contract reflects the deep partnership between IBM ... Read More »

Veda Announces PEXA Sponsorship in Next Step Towards Electronic Property Settlement

Veda announced the formalization of their agreement with Property Exchange Australia Limited (PEXA Ltd).  As a ‘Sponsor’, Veda will integrate PEXA into its existing product offering, providing seamless access for lawyers and conveyancers through its online portal, VedaCheck. “The move to electronic settlement is a transformational event for residential property in Australia. Veda has invested in solutions for the mortgage ... Read More »