Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

New ‘mortgage warning’ platform launches

warning sign ta warning sign ta
Reporter 5 minute read

A cloud-based analytics platform that can provide early warning signs of issues in the mortgage market has been released by a financial services firm.

Perpetual Corporate Trust’s new Mortgage Market Insights module aims to provide lenders as well as other financial services providers with the ability to analyse the performance of their portfolios and benchmark them against the broader Australian mortgage market.

Richard McCarthy, acting group executive for Perpetual, claims that the module, built using Microsoft Azure and Power BI, “affords a level of transparency never before available to the sector”.

It generates mortgage market predictions, the accuracy of which will improve over time through the use of machine learning, according to Mr McCarthy.


Perpetual’s acting group executive elaborated: “It offers greater control through early warning signs about potential issues, and uses modelling to predict the future performance of the mortgage market.

“The platform creates efficiency and scale, moving organisations well beyond spreadsheets and enabling greater comparability in the market.”

Commenting on the Mortgage Market Insights module, Microsoft Australia’s CTO, Lee Hickin, said: “Critically, the Perpetual platform informs decision making, directs strategy and offers an additional line of defence for the banking and financial services industry through data-driven insights.

“It can detect potential problems and highlight warning signs that previously weren’t visible until it was too late to act.”

The module is part of Perpetual’s Business Intelligence (BI) platform, which provides a number of modules to help financial services providers meet their regulatory and compliance reporting requirements. It combines Perpetual’s proprietary data with those from external sources and analyses them for patterns that could help reduce the risk of home loan default and financial loss.


Also newly added to the platform is the Credit Stress Testing module, aimed at helping financial services providers streamline reporting to the Australian Prudential Regulation Authority by enabling “easy stress testing of portfolios”.

Perpetual’s new IFRS 9 module, meanwhile, automates compliance reporting for the new global accounting standard that came into effect earlier this year.

Without mentioning names, Perpetual said that one of the big four banks, two mutual banks and one “neobank” are some of the early adopters of its BI platform.

[Related: Over 25% of mortgagors wouldn’t qualify today: HashChing]

New ‘mortgage warning’ platform launches
warning sign ta
TheAdviser logo

Grow your business exponentially in 2022!

Discover the right strategies to build a more structured, efficient and profitable businesses at The Adviser’s 2022 Business Accelerator Program.

Visit the website here to secure your ticket.

warning sign ta


more from the adviser
data banking CDR

Breaking News

Sherlok secures access to open banking data

The mortgage technology provider has tapped into open banking dat...

money grants

Breaking News

Grow Finance concludes $35m capital raise

The lender’s co-chief executive believes this will sustain gro...

Siobhan Williams 850 ta

Breaking News

Pepper names mortgages head

The non-bank lender has appointed a new head to lead its residen...