))
Where to from here for Australia's Big Banks
Manage episode 293737423 series 2933150
Content provided by Jill Christie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jill Christie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
EPISODE 1: Be prepared to re-think your notion of what makes a good credit customer.
The trends that we see in consumer credit behaviour show habitual changes in borrowers brought on by the COVID-19 bubble. Consumer A is prioritising the maintenance of a new, improved lifestyle while consumer B has cut back on expenses and is struggling under the weight of their liabilities.
Kevin James from Equifax unpacks what these key insights mean for Australia’s Big Banks.
In the first episode, we’re looking at:
- Why mortgage repayments might suffer among borrowers not willing to reduce their living expenses
- What the data shows about which borrowers are likely to default in the coming months
- The new definition of a creditworthy consumer
- How improved modelling and alternative data sources can deliver more predictive credit decisions.
EPISODE NOTES
For more information, please visit our Knowledge Hub and follow us on LinkedIn
Disclaimer
This information does not constitute legal, accounting or other professional financial advice. The information may change, and Equifax does not guarantee its currency or accuracy. To the extent permitted by law, Equifax specifically excludes all liability or responsibility for any loss or damage arising out of reliance on information in this release and the data in this report, including any consequential or indirect loss, loss of profit, loss of revenue or loss of business opportunity.
5 episodes
Share
