Big data to benefit Australia’s property market with unprecedented insight

Veda announced a strategic alliance with RP Data, Australia’s leading provider of property data and risk analytics.  The alliance gives lenders, and other commercial entities that extend credit, the option to incorporate RP Data’s real-time property valuation model with Veda’s own credit bureau data.

“This strategic alliance will really help to sharpen the picture for property lenders and other verticals,” said Veda’s CEO Nerida Caesar. “Unprecedented data is now at our customer’s fingertips, in real-time, ready to be layered with Veda’s commercial and consumer data, via our online portal VedaCheck.  This presents a major step forward for our clients, who can now access integrated insights across multiple data platforms.”

RP Data’s CEO Graham Mirabito said that the alliance with Veda is timely, as it reflects a wider shift towards a growing consumer appreciation for big data, where RP Data is leading the way by integrating its data, analytics and insights into new industries and large organisations across Australia; as well as through joint-venture projects with US parent company, CoreLogic.

Source: Veda Advantage Press Release