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  • Oct 05 2021 October 5, 2021October 7, 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 […]

    Read more
  • Sep 22 2021 September 22, 2021September 23, 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 […]

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  • Jul 28 2021 July 28, 2021September 1, 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, […]

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  • Jul 28 2021 July 28, 2021September 1, 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 […]

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  • Jul 14 2021 July 14, 2021July 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 […]

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  • Jun 11 2021 June 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 […]

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  • Mar 19 2021 March 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 […]

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  • Nov 30 2020 November 30, 2020December 2, 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 […]

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  • Sep 29 2020 September 29, 2020September 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 […]

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  • Aug 25 2020 August 25, 2020September 8, 2020

    Where is the New Zealand economy really heading?

    For more information on what we are seeing in the New Zealand economy, join our next webinar on Wednesday 30 September at 2PM.
    Prime Minister Jacinda Ardern last week publicly rebuked US President Donald Trump after he claimed New Zealand was suffering a ‘big outbreak’ of COVID.

    “We are still one of the best-performing countries in […]

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Recent Posts

  • Russian sanctions and global supply chains
  • FMA takes a tougher stance on anti-money laundering breaches
  • How technology can reduce your FX risk and improve processes
  • New Zealand Government publishes guideline on Electronic Identity Verification (EIV)
  • New report shows economy holds steady

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