PLAN

Find new customers

ACQUIRE

Target customers, verify identity and assess risk and potential

MANAGE

Control customer applications and information

RECOVER

Control payments and reduce bad debt

Prophe$y predicts the level of demand over the next three months and the next twelve months.

Predicted credit demand

Prophe$y helps you understand the likely level credit demand in Australia.  Instead of just looking at the past Prophe$y gives you some insights into the future. The predictions for three products are available in Prophe$y, credit cards, personal loans and residential mortgages.

How it works

Prophe$y is based on aggregated, depersonalised information sourced from the Veda Advantage credit bureau. It is built using a statistical time series forecasting methodology based on actual volume and value of enquiries by product (mortgages, personal loans, and credit cards) over a 5 year period, overlayed with a range of economic indicators.

How to use the service

You will need a database of valid residential address files, with DPID's, to append Prophe$y.  If a client does not have DPID's appended to its residential addresses Veda Advantage can supply a TMWindows based application that can append Prophe$y, and DPID's if required. 

Cost

Pricing of Prophe$y will depend on the volume of records you would like enhanced or whether you license the product for internal analysis and profiling.

Updates

Prophe$y is recalculated on a monthly basis.

Click here to download the product specification.

What else should I know?

Like all data products, particularly those that may involve use or disclosure of personal information, you must comply with the Privacy Act 1988 and other applicable data protection and privacy legislation. You should also take steps to ensure that your systems and processes when using a product of this kind addresses you obligations under discrimination and related legislation.

Prophe$y predicts the level of demand over the next three months and the next twelve months.

Predicted credit demand

Prophe$y helps you understand the likely level credit demand in Australia.  Instead of just looking at the past Prophe$y gives you some insights into the future. The predictions for three products are available in Prophe$y, credit cards, personal loans and residential mortgages.

How it works

Prophe$y is based on aggregated, depersonalised information sourced from the Veda Advantage credit bureau. It is built using a statistical time series forecasting methodology based on actual volume and value of enquiries by product (mortgages, personal loans, and credit cards) over a 5 year period, overlayed with a range of economic indicators.

How to use the service

You will need a database of valid residential address files, with DPID's, to append Prophe$y.  If a client does not have DPID's appended to its residential addresses Veda Advantage can supply a TMWindows based application that can append Prophe$y, and DPID's if required. 

Cost

Pricing of Prophe$y will depend on the volume of records you would like enhanced or whether you license the product for internal analysis and profiling.

Updates

Prophe$y is recalculated on a monthly basis.

Click here to download the product specification.

What else should I know?

Like all data products, particularly those that may involve use or disclosure of personal information, you must comply with the Privacy Act 1988 and other applicable data protection and privacy legislation. You should also take steps to ensure that your systems and processes when using a product of this kind addresses you obligations under discrimination and related legislation.

   Data Express

Visit Data Express to begin using this product

 

For more information on our products and services designed to help you find new customers

Call our Marketing Specialists

Marketing Specialist

1300 783 099

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