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Supplying data

Article
09 May 2017

As we progress on the transition to Comprehensive Credit Reporting (CCR), there are learnings from other markets we can use to help us on our own journey.

Article
02 May 2017

Following a period of uncertainty within the industry, lenders are now back on track to resume data sharing plans.

Article
11 Apr 2017

An update on the status of the FOS draft determination in relation to RHI status of temporary payment arrangements.

Article
06 Apr 2017

Our insider’s guide to explaining to your customers how late payments and defaults vary.

Article
31 Mar 2017

As of January 2017, 26% of the retail credit market have supplied CCR data to Equifax.

Article
13 Feb 2017

With any business change, preparation is key. Read on for tips on how to prepare your business for the transition to Comprehensive Credit Reporting (CCR).

Article
22 Nov 2016

Your customer data is one of your most valuable business assets. 

The quality and breadth of data improvements is constantly improving under CCR. This is because credit providers now share positive information on a regular monthly cycle instead of negative data only on a sporadic basis. 

This means credit providers participating in CCR confirm the identity details for each account every month when they submit repayment behaviour to the bureau.

The benefit of better data quality

Case study
31 May 2016

For CUA, Australia’s largest member-owned financial services provider, deciding to implement CCR was in large part about paving the way for other mutual banks and member-owned financial institutions to do the same.

"Under CCR, we will know more about our customers’ credit histories and financial habits, and will be able to use that knowledge to help them make better credit decisions," said Scott North, CUA Chief Risk Officer. 

Whitepaper
31 May 2016

This paper describes the key decisions, processes, project structure and international learnings concerning the adoption of the new Australian Credit Reporting Data Standard (ACRDS). 

ACRDS is the foundation for the exchange of CCR data between credit providers and credit reporting businesses (credit bureaus).

This paper is recommended reading for anyone in a role within a credit provider’s project to establish data sharing with the new data structure.

Case study
31 Oct 2015

For Peter Coe, Chief Risk Officer at BMW Financial Services, being one of the leading auto-financiers to implement CCR is critically important in a highly competitive auto-finance market.

“Banks and other multi-product lenders have access to more readily available information about a customer via a banking relationship. For us, CCR gives us immediate access to a broader picture that
will allow us to make more efficient credit decisions based on an individual’s current credit exposure"

 

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