Business solutions

Veda is a data analytics business providing information and analytic services to businesses to assist them in making decisions and managing risks. Veda's core product offering includes the provision of credit reports in relation to individuals and businesses. From its stable core credit bureau business, Veda has expanded to deliver a suite of credit and other analytical products targeted to specific industry needs. 

Veda holds data on more than 16.4 million credit-active individuals, 3.6 million on companies and businesses and 3.4 million on Sole Traders throughout Australia, providing customers with the ability to make more informed decisions including:

For the latest Veda Terms of Supply, click here.
 

PPSR

The launch of the Federal Government’s Personal Property Securities Register (PPSR) has signalled the start of a new and profound era for businesses and consumers across Australia.

The move to a single national register – and legal reform that underpins use of personal property as security for credit – impacts significantly on daily business processes, documentation, systems and the management of credit risk.

Comprehensive Credit Reporting

Following the amendments to the Privacy Act (1988), which allows Veda to hold Comprehensive Credit Reporting (CCR) data, Veda is pleased to announce the launch of their new services: VedaScore Apply®  (for Consumer and Consumer+Commercial enquiries) & Commercial Credit Assess – Individual (for Commercial enquiries).

Both Credit Provider and Access Seeker versions of the products will reshape the way lenders assess risk in to the future.

In the media

Sydney, Australia: 16 April 2015 – Financial institutions in Australia are preparing to move away from manual handling of income and expense checks using a new automated tool that will speed up the loan application process and reduce paperwork.Read more
Sydney, Australia: 14 April 2015 – Personal information is currency in the underground world of cybercrime, which has managed to sting 5% of Australians – more than 772,000 people – with identity theft in the past 12 months alone.Read more

Industry insights - Credit Demand Indices

Sydney, Australia: 22 April 2015 – The Veda Quarterly Consumer Credit Demand Index, which measures the volume of credit card and personal loan applications processed through Veda’s Consumer Credit Bureau, saw a lift in consumer credit demand in the March quarter, with annual growth of 3.9% compared with the same period last year. Read more
Sydney, Australia: 15 April 2015 – The Veda Quarterly Business Credit Demand Index, measuring applications for business loans, trade credit and asset finance, rose at an annual rate of 2.4% in the March 2015 quarter.Read more
Sydney, Australia: 21 January 2015 – The Veda Quarterly Consumer Credit Demand Index, which measures the volume of credit card and personal loan applications processed through Veda’s Consumer Credit Bureau compared with the same period last year, remained flat with annual growth of 0.9% in the December quarter. Read more
Sydney, Australia: 14 January 2015 – The Veda Quarterly Business Credit Demand Index, measuring applications for business loans, trade credit and asset finance, rose at an annual rate of 1.5% in the December 2014 quarter.Read more