Experian has completed its $820 million acquisition of Illion, creating a duopoly in the market that supplies banks with the credit data they use to evaluate borrowers.
The CEO of the newly combined company says the deal, waved through by the ACCC in August, will create a deeper data set that will improve its software, which lenders use to manage credit risk.
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James Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au
