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Tag Archives: Veda

Australian Risk Climate: Welcome to Comprehensive Credit Reporting and Credit Revolution is Close to Crunch Time

Veda, a leading provider of consumer and commercial data intelligence and insights has today released results from the largest Comprehensive Credit Reporting (CR) simulation ever undertaken in the region.  The passage of Privacy Amendment (Enabling Privacy Protection) Bill 2012 initiates new era for credit issuance in Australia.   Veda Pilot Spotlights the Impact of Comprehensive Credit Reporting Australia now has a ... Read More »

Australian Risk Climate: National Credit Manager Survey Confirms 2012 was Tough for Creditors; 2013 Looking More Positive

Australia’s credit managers have confirmed that 2012 was a particularly tough year for creditors, with most battening down the hatches and insulating their organizations from potential defaults via tighter lending criteria, shortening payments terms and a tougher line on unpaid accounts. Released today the Credit Management in Australia 2012 report from Veda, Asia Pacific’s leading provider of consumer and commercial ... Read More »

Veda Advantage News: Is this the beginning of the end of the mining boom?

Veda Advantage, a leading provider of consumer and commercial data intelligence and insights, released data that supports recent speculation that Western Australia’s economic engine may be losing steam while the eastern states appear to have picked up some economic momentum via new business openings during the past 12 months. Veda’s latest data intelligence comparing state business openings and closure performance ... Read More »

Australian Credit Climate: Consumer Credit Demand Flattens

Veda’s Consumer Credit Demand Index shows that overall consumer credit demand has flattened (+0.1%), but this is an improvement from more severe weakness seen in the March quarter (-4.4%). Veda is Asia Pacific’s leading provider of consumer and commercial data intelligence and insights. Overall consumer credit demand fell slightly in the June quarter, and was flat over the financial year ... Read More »

Veda’s Consumer Credit Demand Index: Apr-Jun 2012 Shows Credit Demand has Flattened

The results of Veda’s Consumer Credit Demand Index for the second quarter of 2012 show that overall consumer credit demand has flattened (+0.1%), but this is an improvement from more severe weakness seen in the March quarter (-4.4%). Veda is Asia Pacific’s leading provider of consumer and commercial data intelligence and insights. Overall consumer credit demand fell slightly in the ... Read More »

Australian Credit Climate: Federal Budget Potentially Leaves SMB’s Exposed to Credit Risk

With the start of the financial year just days away, Veda, Australia’s leading data intelligence and insights company believes that the Federal Government’s asset write-off scheme will not be robust enough to assist all small businesses in FY13 – and those who do take it up potentially are exposed to higher credit risk. “For those businesses who take up the ... Read More »

Australian Credit Climate: Pitfalls and Red Flags of Bad Credit Management

Recent news reports have shown a long list of companies entering external administration and having issues with bad debt.  The increasing number of organisations finding themselves in trouble indicates a greater need for companies to pay closer attention to credit risk management. Veda’s Business Credit Demand Index for the December 2011 quarter showed that mainly small and medium sized businesses ... Read More »

Veda Advantage Rebuts Positive Credit Reporting Regimen Criticism

Veda Advantage has hit back at criticism of the incoming “positive” credit reporting regimen, arguing that many of the charges laid against it by brokers are inaccurate and that it will succeed in protecting consumers. Speaking with Australian BrokerNews, Veda Advantage head of external relations Chris Gration said there is nothing “draconian or big brother” about the law, in response ... Read More »