Financial institutions hold a raft of data that shows both the financial state and spending behaviour of a depositor. This information is captured whenever there is an inflow or outflow of funds in a current account, overdraft, credit card, revolving personal loan or home loan.

While this data offers the capability to understand consumer spending behaviour,…

26 July 2021: Auckland, New Zealand: Leading data and analytics firm illion has developed an innovative new credit risk score based on key trends from income and expense transactions that have traditionally been hidden.

It is a new consumer risk score called the illion Transaction Risk Score (iTRS), and sits alongside illion’s existing Credit Risk Score.

“iTRS…