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

Comprehensive Credit Reporting (CCR) is all about a change in the credit information that can be shared by lenders for assessment of credit. It will reshape the way lenders assess risk and consumers access credit.  

In industry terms, CCR means a shift from negative to comprehensive credit reporting: more data, more often, shared more widely – which provides a more complete picture of a customer’s credit commitments - benefiting consumers, lenders the wider economy.

In the media

Sydney, Australia: 1 September 2014 – It is an annual ritual to ‘pull out the plastic’ as we embrace the Christmas spending spirit, but...Read more
Sydney, Australia: Monday, 25 August 2014 – Almost $2 billion worth of credit applications in the past financial year were red-flagged as being high risk, with potential links to known fraud events, according to Veda data released today.Read more

Industry insights - Credit Demand Indices

Sydney, Australia: 16 July 2014 – The Veda Quarterly Business Credit Demand Index, measuring applications for business loans, trade credit and asset finance expanded 0.5% in the June quarter 2014. Read more
Sydney, Australia: 10 July 2014 – The Veda Quarterly Consumer Credit Demand Index, which measures the volume of credit card and personal loan applications that go through the Veda Consumer Credit Bureau, eased to an annual rate of -3.0% in the June quarter. Read more
Sydney, Australia: 15 April 2014 – The Veda Quarterly Business Credit Demand Index, measuring applications for business loans, trade credit and asset finance rose 2.1% in the March 2014 quarter. Read more
Sydney, Australia: 9 April 2014 – The Veda Quarterly Consumer Credit Demand Index, measuring applications for credit cards and personal loans, picked up to an annual rate of 3.1% in the March quarter, rising from a flat outcome recorded in the December 2013 quarter. Read more