Veda commits to innovation and financial literacy

In partnership with peer-to-peer lender SocietyOne, Veda launched GetCreditScore in September last year, and acquired a majority stake in the venture in July 2015.

Mr Scognamiglio was previously Veda’s general manager of business to consumer, and led the launch of the group’s initial credit scoring service, VedaScore, in February.

Veda CEO Nerida Caesar Mr Scognamiglio’s appointment demonstrates the group’s commitment to innovation and improving the financial literacy of Australians.

“David’s entrepreneurial drive and leadership skills will ensure the future success of GetCreditScore,” she said.

Mr Scognamiglio said Australia is following the path of international markets such as the US and the UK where a new class of lender has emerged in the form of online credit marketplaces.

“It is an exciting time to be at the forefront of the Australian credit landscape. I am thrilled to be able to leverage Veda’s status as the nation’s most comprehensive credit bureau through the consumer engagement and financial technology capability of GetCreditScore,” he said.

Mr Scognamiglio’s appointment is effective immediately.