Australia has now reached what many are calling peak card, as credit card usage in Australia declines at an accelerating pace and gives rise to the question - has the credit card outlived its usefulness?
illion interviewed 94 organisations between July and December 2017, to gain insights, rather than statistically representative data, on industry perspectives and readiness as the Australian finance industry transitions to CCR from 1 July 2018.
In 2014, the Australian Government amended the Privacy Act to introduce comprehensive credit reporting (CCR). The challenge of adopting CCR is now passing onto smaller credit providers.
Across the public sector, there is a clear need to build transparency and oversight capabilities. This Whitepaper provides a simple yet powerful road map for Australian agencies to reduce risk and increase oversight of contractor and suppliers.
The digital revolution has changed the modern business environment forever. In order to grow, but also to protect themselves, businesses need to be better equipped and prepared to navigate this new landscape.
Comprehensive Credit Reporting (CCR) means positive as well as negative data can be included on credit reports and used by credit providers to assess credit risk. Find out what this means for you and your business.