Home > About Veda > What We Do

We provide a range of data driven solutions and capabilities for businesses and individuals in Australian and New Zealand. We provide insights into more than 16.5 million credit active individuals and 4.4 million companies and businesses.

Our information helps:

• Businesses to make informed decisions about customer acquisition and helps them manage their credit risk
• Individuals to manage their credit histories and assists to protect themselves against identity fraud

Business Solutions

Most applications for credit in Australia and New Zealand are checked against the credit files held by Veda Advantage. We report the credit status of the 60,000 individuals and businesses who apply for credit everyday. This information and the access to it plays an important role in supporting the mechanics of finance, banking and business.

Our online tools help to assess the risk associated with lending and speed up the credit application process, giving people faster access to credit.

Businesses use our information to help them reduce the risks involved in lending. This can help to lower levels of bad debt. As a result, financial organisations such as banks, finance and credit card companies can charge significantly lower interest rates on loans and credit arrangements, and this creates substantial value to business and personal borrowers.

Risk management

Our approach to risk management is unique.  We offer products and services across the entire risk spectrum that can add value in managing every stage of your customers' lifecycle.

These can be employed separately, or combined to create powerful tools to maximise your cash flow.

The Veda Value Chain

Our Veda Value Chain helps you review our services based on your business needs
• PLAN - identify higher value new customers.
• ACQUIRE - target, verify and assess the identity and potential value of an individual or commercial identity, including the ownership of assets.
• MANAGE - control and maximise the value of individual and corporate customer data.
• RECOVER - control payments and reduce bad debts.

Personal Solutions

For individuals, we offer you:

• tools to manage your credit history
• information you need before you buy a vehicle or property.

International Division

New Zealand credit bureau technology and business solutions have been deployed internationally to develop, support and provide consultancy for risk management based business solutions across Asia and the Middle East. We currently supply and support the following business applications:

The Saudi Credit Bureau - SIMAH is Saudi Arabia's first comprehensive consumer credit bureau. SIMAH is an initiative driven by the ten commercial banks operating in the Kingdom of Saudi Arabia to provide bureau services to member credit providers to enable them to make improved lending decisions quickly and more objectively. The Saudi Credit Bureau was set up to move in line with the vision of the Saudi Arabia Monetary Agency (SAMA) to enhance risk management capability in the banking industry and the country at large.

Credit Bureau (Singapore) Pte Ltd (CBS) is Singapore's consumer credit bureau. It is a joint venture between The Association of Banks in Singapore (ABS) and DBIC Holdings Pte Ltd. The setting up of a consumer credit bureau in Singapore is in line with the Monetary Authority of Singapore's vision to enhance the Republic's risk management capability.

Bank Negara Malaysia is the central bank for Malaysia. Veda Advantage supplies the Central Credit Reference Information System CCRIS. CCRIS automatically processes the credit data received from the financial institutions and synthesises the information into credit reports, which can be made available to the financial institutions upon request.

In 2002, Infocredit D&B established a second consumer credit bureau in Singapore known as CreditScan. Based on proven international standards, it is tailored to meet local requirements. The credit bureau allows grantors of consumer credit in Singapore, the access to relevant and accurate credit history information.