Lenders slow to adopt new data sources

Despite all the talk about AI-driven and data-driven banking developments, fewer than half of Australia’s “risk leaders” in lending businesses believe their companies are accessing all of the data sou.. read more

Personal insolvency numbers fall

Personal insolvency numbers have continued to fall throughout 2021, as COVID stimulus measures and bank forbearance help keep household budgets in the black. read more

Businesses have adapted to lockdowns

Credit reporting agency Equifax has reviewed the impact of lockdowns in business credit inquiries, reporting that overall inquiries in states under lockdown fell by 5 per cent compared with states wit.. read more

Banks must do better on climate disclosure

The Reserve Bank has called on Australian financial institutions to improve their climate related disclosures and climate risk assessments, as the threat of divestment from Australia because of climat.. read more