Data Coverage & Currency
Veda Advantage’s coverage of the credit-active population is unsurpassed in both Australia and New Zealand.
Veda Advantage holds more credit behaviour data on the individual and commercial population as a whole than any other organisation in either Australia or New Zealand.
When talking data, ‘breadth’ refers to coverage across the population; and ‘depth’ refers to the amount of information we hold on each file. In both dimensions, we hold the greatest amount of data.
If the consumer, company, business or sole trader has been credit-active in the last five to seven years, we will hold their information.
We are constantly looking at ways we can further increase our coverage and add value to the process.
Currency of data is crucial for good decision making. Veda Advantage takes pride in the fact that our data is updated as quickly as the data can be obtained. Our bureaux receive and process more than 150,000 transactions every day, every one of which has a positive impact on the currency and completeness of our data.
Our credit and default data is supplied and returned online, real time.
Data from other external sources is typically loaded within a maximum of one working day from the time it is first available.