ACN Business

No credit history? No problem − new research suggests shopping data works as a proxy for creditworthiness

Written by Joonhyuk Yang, Assistant Professor of Marketing, Mendoza College of Business, University of Notre Dame

No credit history? That need not be a problem for first-time borrowing.AP Photo/Mark Humphrey

If you didn’t know much about someone, would you lend them a whole lot of money? Probably not – and banks are the same way. That’s why people with no credit history often have trouble getting loans. Banks and credit bureaus look at...

Private toll roads are supposed to save taxpayers’ money, but can have these hidden costs
If you’ve ever driven in Sydney, Melbourne or Brisbane, chances are you’ve used – or steered clear of &ndas…
AI hype has just shaken up the world’s rich list. What if the boom is really a bubble?
Just for a moment this week, Larry Ellison, co-founder of US cloud computing company Oracle, became the world’s richest…
Want more protein for less money? Don’t be fooled by the slick black packaging
The Conversation, CC BY-SAIf you’ve been supermarket shopping lately, you might have noticed more foods with big, bold …
‘Fortress stores’ can fight theft – but is it how we want to shop?
“Fortress stores” with security-tagged chicken and steaks in wire security cages. GPS-tracked jars of instant cof…
Politicians love comparing NZ’s economy to Singapore or Ireland – but it’s simplistic and misleading
Canva, The Conversation, CC BY-NCUnveiling Amazon Web Services’ long-awaited NZ$7.5 billion “cloud region” …
Could Labor’s super tax reforms be headed for a makeover? Here’s how a redesign might work
Late last week, citing anonymous sources, the Australian Financial Review reported the federal government was considering del…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

5 Reasons to Hire a Building Contract Lawyer Before Your Next Construction Project in Melbourne
If you're planning to build, renovate, or develop a property in Melbourne, you might be focusing on finding the right architect, builder, or project manager. But there’s one professional most…

How the right customer data platform can help utilities retain market share in FY2024
Customers are exploring their options and providers that are able to target them with personalised, relevant offers stand a better chance of capturing and retaining their business. Are you braced for…
Businesses collaborating to succeed during and beyond COVID
Australia’s largest online retailer of lingerie and swimwear for women of all sizes, Big Girls Don’t Cry Anymore (Big Girls), has secured a new Brisbane premises with a pop-up area…
Perrottet's child trust fund policy dusts off an idea last tried by UK Labour
The “Kids Future Fund” promised by NSW’s Premier Dominic Perrottet if his government is re-elected on March 25 is an idea discussed by social policy experts since the 1990s but…

AWS research shows strong AI adoption momentum in Australia, with startups outpacing large enterprises in innovation

Amazon Web Services (AWS), an Amazon.com company, released new research revealing that while artificial intelligence (AI) adoption continues to acce...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs, has today appoint...