The ARCA Comprehensive Credit Reporting (CCR) powered by Aperture Data Studio solution is specifically designed for Australian Credit Providers to implement a consistent exchange of credit reporting information with the Australian Credit Reporting Bodies, as developed by the Australian Retail Credit Association (ARCA).
The solution helps Credit Providers identify issues within their credit data by comparing it against the Australian Credit Reporting Data Standards (ACRDS) before submitting it to Credit Reporting Bodies such as Experian and Equifax.
The platform offers features to assess and clean data, as well as import and parse large files containing numerous columns and millions of records. These files undergo evaluation against over 340 checks and rules to identify any non-conforming data within the standard solution.
The results of the data assessment are presented in an interactive Dashboard, providing users with key statistics and the ability to drill down into specific records that have data issues. Additionally, the platform offers the functionality to generate files in Extensible Markup Language (XML) format that adhere to the Australian Credit Reporting Data Standards (ACRDS).
This ensures that credit providers can meet their regulatory and industry obligations while also having a convenient portal to submit and receive credit data.
