-
Dec 14 2022 2022 Year in Review
Our experts have summarised the key insights in New Zealand for 2022. -
Oct 05 2021 How technology can reduce your FX risk and improve processes
The world’s foreign exchange market is one of the most traded financial markets, with an average turnover of a staggering $6.6 trillion per day.
Within that market, the Australian dollar has a significant share of traded currencies, and is increasingly susceptible to fraud, AML/CTF and compliance risks.
Today, more than ever, the demand for faster and easier…
-
Sep 22 2021 New Zealand Government publishes guideline on Electronic Identity Verification (EIV)
Supervisors of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act) have published a guideline which replaces the Amended Identity Verification Code of Practice – Explanatory Note (the Code) issued in December 2017.
The guideline provides further clarification to reporting entities on how they can use biometrics as a single source in the Electronic…
-
Jul 28 2021 The profound impact transaction risk scoring is having on credit risk management
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,…
-
Jul 28 2021 New credit score reveals hidden risk
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…
-
Jul 14 2021 illion gives data policy plan the thumbs up
12 July 2021: Auckland, New Zealand: Data and analytics firm illion supports the New Zealand Government’s decision to implement a new legislative framework to establish a consumer data right (CDR).
This is a new policy initiative which aims to allow consumers to access and share their data, giving them greater choice and control over how it…
-
Jun 11 2021 NZCU Baywide gains industry recognition for improved customer service
In the fast world of finance, time is money. Nobody understands this more than NZCU Baywide, who have utilised illion’s Application Process Interface (API) to slice through the time barrier, giving brokers instant access to automated loan application processing.
About
Previously, any loan submission had to be entered manually into NZCU Baywide’s loan decisioning portal – a… -
Mar 19 2021 New Zealand economy still relatively resilient
A key litmus test for the state of the economy is the number of days it takes for overdue bills to get paid.
illion’s Trade Late Payments Report is the most comprehensive in the market. And our latest report for the 2020 December quarter shows the New Zealand economy has remained resilient.
For much of 2020, payment…
-
Nov 30 2020 Kiwi spending: a tale of two halves
Forecasting spending after one of the most volatile trading periods for a generation is no mean feat.
We’ve crunched the numbers on recent spending patterns and the results may surprise you.
In the weeks following the election, the wealthy have shown more frugal spending habits compared with lower income earners.
But it’s good news overall: green shoots are…
-
Sep 29 2020 illion launches inaugural analysis of NZ spending habits
Drawing on anonymous real data from the actual banking transactions of about 9,000 Kiwis, we can disclose for the first time the detailed spending habits of New Zealanders in March as they prepared for the nationwide lockdown.
So too, we can show how those spending habits changed during the lockdown itself in April and how they…
- 1
- 2