CreditProtect goes live with backing from Experian
A new SaaS commercial credit bureau has launched today with the backing of Experian, a global data and technology company known for its credit data and risk management expertise, aiming to enhance the credit assessment process for SMEs in Australia.
0
CreditProtect, which leverages both traditional commercial credit reporting data and SaaS analytics, is the latest brainchild of entrepreneur Colin Porter, who previously founded CreditorWatch and Australia's newest ADI, Avenue Bank.
CreditProtect launches with access to some of illion's extensive repository of comprehensive commercial risk data used by a range of leading banks, fintechs, telecommunications, utility providers, and large corporates. As part of the collaboration, small business payment history data from CreditProtect will also be shared with illion to enhance the depth and breadth of illion's commercial risk bureau. The strategic investment in CreditProtect by Experian and data partnership with illion eliminates years of data development, allowing CreditProtect to deliver its own powerful risk insights and capabilities from day one.
Through CreditProtect, Australian SMEs will be able to access leading data at a more affordable cost, with the company harnessing AI advantages in credit reporting to provide customers with a comprehensive 'reveal report' to assess customer risks. The combination of data gives smaller businesses more information of an entity's credit history.
Speaking on the launch, Colin Porter, who spent more than a decade reshaping Australia's commercial credit industry and the past two years developing CreditProtect, said, 'Credit reporting should be affordable, transparent, and built for the businesses that need it most.'
'We're entering the market to offer real value, powered by data and scale, providing access to insights captured through AI. We have optimised our platform through smart technology choices and AI to bring the most affordable product to market. SMEs want more for less and we're here to deliver it.'
Speaking on the challenge for SMEs, Andrew Black, Chief Executive Officer at Experian Australia and New Zealand, said, 'Cash flow is the lifeblood of any small business, yet far too many SMEs are forced to take unnecessary risks simply because they lack access to the right tools. Knowing who you're doing business with—and whether they can pay on time—shouldn't be a guessing game.'
'That's why we're proud to support the launch of CreditProtect. By combining illion's deep data expertise with Colin's specialist knowledge, this SaaS platform gives SMEs powerful, easy-to-use risk assessment tools that are both affordable and accessible. It's a game-changer for businesses that need to protect their bottom line while focusing on growth.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Finextra
10 hours ago
- Finextra
CreditProtect goes live with backing from Experian
A new SaaS commercial credit bureau has launched today with the backing of Experian, a global data and technology company known for its credit data and risk management expertise, aiming to enhance the credit assessment process for SMEs in Australia. 0 CreditProtect, which leverages both traditional commercial credit reporting data and SaaS analytics, is the latest brainchild of entrepreneur Colin Porter, who previously founded CreditorWatch and Australia's newest ADI, Avenue Bank. CreditProtect launches with access to some of illion's extensive repository of comprehensive commercial risk data used by a range of leading banks, fintechs, telecommunications, utility providers, and large corporates. As part of the collaboration, small business payment history data from CreditProtect will also be shared with illion to enhance the depth and breadth of illion's commercial risk bureau. The strategic investment in CreditProtect by Experian and data partnership with illion eliminates years of data development, allowing CreditProtect to deliver its own powerful risk insights and capabilities from day one. Through CreditProtect, Australian SMEs will be able to access leading data at a more affordable cost, with the company harnessing AI advantages in credit reporting to provide customers with a comprehensive 'reveal report' to assess customer risks. The combination of data gives smaller businesses more information of an entity's credit history. Speaking on the launch, Colin Porter, who spent more than a decade reshaping Australia's commercial credit industry and the past two years developing CreditProtect, said, 'Credit reporting should be affordable, transparent, and built for the businesses that need it most.' 'We're entering the market to offer real value, powered by data and scale, providing access to insights captured through AI. We have optimised our platform through smart technology choices and AI to bring the most affordable product to market. SMEs want more for less and we're here to deliver it.' Speaking on the challenge for SMEs, Andrew Black, Chief Executive Officer at Experian Australia and New Zealand, said, 'Cash flow is the lifeblood of any small business, yet far too many SMEs are forced to take unnecessary risks simply because they lack access to the right tools. Knowing who you're doing business with—and whether they can pay on time—shouldn't be a guessing game.' 'That's why we're proud to support the launch of CreditProtect. By combining illion's deep data expertise with Colin's specialist knowledge, this SaaS platform gives SMEs powerful, easy-to-use risk assessment tools that are both affordable and accessible. It's a game-changer for businesses that need to protect their bottom line while focusing on growth.'
Daily Mirror
15 hours ago
- Daily Mirror
Wimbledon line judges - New era begins as SW19 boss explains change to tradition
Wimbledon will enter its new era with the Grand Slam taking place without line judges after bosses chose to embrace modern day technology and will use Live Electronic Line Calling Wimbledon begins today and for the first time ever the championship is taking place without its line judges after the decision was made to cut them for this year. Line judges, dressed in Ralph Lauren and donning sunglasses has become one of the tournament's most iconic images but as we continue to evolve into a new age the decision has been made to follow some of the other Grand Slams. At SW19 they will use Live Electronic Line Calling, a technology already widely used including at the Australian and US Open. Line judges had been use for 147 years at Wimbledon and the decision to move on without them means 300 officials have been replaced by aritificial intelligence and the electronic system. Wimbledon Chief executive Sally Bolton admitted they had weighed up the decision in an effort to balance tradition with the modern age. She said last year: 'The decision to introduce Live Electronic Line Calling at The Championships was made following a significant period of consideration and consultation. "Having reviewed the results of the testing undertaken at The Championships this year, we consider the technology to be sufficiently robust and the time is right to take this important step in seeking maximum accuracy in our officiating. 'For the players, it will offer them the same conditions they have played under at a number of other events on tour. We take our responsibility to balance tradition and innovation at Wimbledon very seriously. Line umpires have played a central role in our officiating set-up at The Championships for many decades and we recognise their valuable contribution and thank them for their commitment and service.' Hawk-Eye has assisted officials at Wimbledon since 2007 and has allowed players the chance to challenge calls made by line judges. The system is now fully automated across the site and was also used for the qualification rounds at Roehampton. It is one of several changes that will take place at Wimbledon for 2025. It was announced previously that there would be a change to the scheduling for both the men's and women's finals. They would both be pushed to 4pm instead of the traditional 2pm slots, with the men's and women's doubles finals now taking place at 1pm. Carlos Alcaraz arrives in London looking to win the Wimbledon title for the third straight year. Since 2000 only Roger Federer and Novak Djokovic have achieved that featured but the Spaniard arrives off the back of landing success at the French Open. Barbora Krejcikova is the defending women's champion but is not fancied to retain her title. Coco Gauff and Aryna Sabalenka will arrive as the favourites but neither has even reached the final on the Wimbledon grass before.
Scottish Sun
a day ago
- Scottish Sun
Major high street retailer shuts another UK store after launching huge 50% clearance sale
The store began advertising an end-of-lease sale earlier this month SHUTTERS DOWN Major high street retailer shuts another UK store after launching huge 50% clearance sale Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A CITY centre shop has closed for the last time but the space has already been earmarked to be taken over by another retailer. Smiggle in Chapel Walk, formerly Crowngate, in Worcester has now ceased trading in the city. Sign up for Scottish Sun newsletter Sign up 1 The stationary store in Worcester has closed for the final time (file photo) Credit: Getty The stationery store started advertising an end-of-lease sale earlier this month in an attempt to clear stock ahead of its closing. The store's last day of trading was June 25. It has been revealed that the shop unit will be refurbished and reopen under a new retailer, according to Worcester News. Further details though have not yet been released. Earlier this month, the Smiggle branch in Coney Street, York, also closed its doors for the final time. A 50% discount sale had been launched to help shift stock before the store closed for good. It was reported in YorkshireLive that the decision to close the children's store came after the landlord decided not to renew the lease. However it is not all bad news as a new Smiggle branch is set to open in York Designer Outlet this July. It comes as the Australian business has announced plans to close a number of other stores across the UK. A Cwmbran Shopping Centre will pull down its shutters for the final time in August. Why are so many shops going bust? Meanwhile two other branches closed in back in May. A store in the Eastgate Shopping Centre, Inverness, shut its doors on May 21. While a store in the Darwin Centre, Shrewsbury, closed on May 25. In January 2024, the brand also closed a site in Dundee, Scotland. HIGH STREET STRUGGLES Smiggle is not the only retailer struggling on the high street amid the surge of online shopping and weaker household budgets. Hobbycraft shut nine stores on June 21 after launching closing down sales. Dobbies has also closed a slew of garden centres across the UK this year. The Centre for Retail Research is predicting more than 17,000 retail shops will shut in 2025 too. The centre has forecast a rise in closures after a hike to employer National Insurance contributions and the national minimum wage which took effect in April.
