Read our study with Forrester to find out why its apparent that poor credit decisions are negatively impacting customers’ financial situations.Learn more
Experian’s inaugural Risk Radar report is now available
The inaugural Experian Risk Radar report features insights on the current lending risk climate from six of Australia’s most senior risk leaders. The report also collected responses from 150 banking fintech, and non-bank lender decision makers across Asia Pacific, including 54 from Australia (Forrester and Experian “Drive Speed and Accuracy with Emerging Technology and Alternative Data” report – October 2021).
The report shows lenders are feeling the pinch of managing a complex regulatory environment, balancing the need to meet responsible lending obligations with remaining competitive.
The solution could lie in lenders adopting new technologies to help make faster lending decisions, improve customer management, reduce credit losses and minimise fraud.
say they are turning away creditworthy customers due to lack of data
acknowledge poor lending decisions can put customers into financial hardship – the highest of the APAC nations surveyed
are maximising the wealth of data available to them
Identify modernising legacy systems as a top credit risk priority
The Risk Radar report will be released annually, with ongoing pulse checks released every quarter.
To download the full report, please complete the form below.