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Experian and Lenddo Provide Financial Inclusion to Millions of Customers in Indonesia and Vietnam

Experian announced a partnership with Lenddo, a leader in non-traditional data solutions, as part of Experian’s Consumer Financial Inclusion Indexing platform in Indonesia and Vietnam. Using Experian’s global expertise and knowledge, the introduction of Lenddo’s technology into Experian’s platform will provide financial firms with more information to offer appropriate financial services. Consumers who are unbanked or underserved by major financial ... Read More »

Experian Survey: Is There An Identity Thief Masquerading As Your Child?

An Experian survey of parents’ awareness of child identity theft shows they need more education about the risks —that is, if they aren’t fraudulently using their children’s identities already Halloween is right around the corner and kids are getting ready to celebrate by dressing up as their favorite characters. Unfortunately, identity thieves can also “dress up,” stealing children’s identities and ... Read More »

TransUnion Survey: Credit is Important to South Africans but Few Understand How Reports are Generated

More than 72 percent of a group of South Africans who participated in a TransUnion survey released recently, agree that their credit score is important to them, but only 45 percent say they understand how credit reports are generated. In terms of the above mentioned survey, most consumers are also confused about credit scores and reports themselves as only 36 percent of ... Read More »

Bank Negara Malaysia -World Bank Group Credit Infrastructure Programme, April 4-8, 2016, Lanai Kijang, Kuala Lumpur, Malaysia

Building on the success of past trainings, Bank Negara Malaysia (BNM) and World Bank Group (WBG), will jointly organize Credit Infrastructure Programme for over 100 regulators and credit reporting, secured lending and collateral registries, and insolvency and debt resolution professionals from around the world. The five day programme will be composed of themes from three main elements of Credit Infrastructure ... Read More »

CCR Reciprocity Framework is Set as Australia’s Journey to Positive Reporting Continues

Rules for sharing data formalised for credit bureaus and credit providers The framework to standardise the exchange of credit information between credit bureaus and credit providers has now been set with the Australian Competition and Consumer Commission (ACCC) releasing its final determination in regard to the Principles of Reciprocity and Data Exchange (PRDE). Veda, the leading provider of credit information ... Read More »

Is it Time for the Credit Scoring Industry to Have an Official Set of Global Guiding Principles?

Credit Scoring, the process of building mathematical models to predict future credit behavior, is ubiquitous in developed economies and offers significant potential for increasing access to finance and financial inclusion in emerging markets. From its origins in small value credit decisioning in the UK and USA credit scoring has provided, through automation, a means to serve mass markets in a ... Read More »

Is There a New Breed of Forward Looking Credit Bureau Solutions on the Horizon?

When asked what made him an outstanding hockey player Wayne Gretzky replied,” I skate where the puck is going, not where it has been”. Unlike today’s credit characteristics which are based upon an historical perspective of a consumer’s behavior, this new breed of credit characteristics anticipate future consumer credit profiles allowing lenders to tailor credit offerings and risk management strategies ... Read More »

TransUnion Acquires Drivers History

TransUnion announced the acquisition of a majority interest in Drivers History, a leading provider of traffic violations and criminal court data. This transaction enhances TransUnion’s position as a trusted provider of data and analytic solutions to the insurance industry and strengthens Drivers History’s offering and market access by leveraging TransUnion’s carrier relationships and connectivity.  Although it will retain its operational ... Read More »

PERC Study: Credit Bureaus in Emerging Markets: Overview of Ownership & Regulatory Frameworks

A new PERC study examines how regulators and economies develop credit sharing systems that reflect their policy priorities and their capacities. Credit Bureaus in Emerging Markets: Overview of Ownership & Regulatory Framework, answers a number of questions regarding information sharing governance and structure in emerging markets, among them, how ownership should be configured and how the regulation of credit information ... Read More »

Experian, TransUnion Start Adding Rent Payment Data

Consumers who have made on-time rental payments had been frustrated that their histories didn’t count in credit scores.  The non-reporting of key credit records is costly to renters, economy as a whole. Why?  Because the landlord, phone and cable companies, and many other creditors don’t report your payments to Equifax, Experian or TransUnion, the big three credit bureaus. In the ... Read More »

Fraud Prevention:  How People Fall Prey to “Friendly Fraud”

How many criminals do you know personally?  Most of us would answer “none” – but there is a worrying trend for fraudulent activity to be performed either by the “first” or “second” party rather than some remote, unknown third party. First-party fraud is essentially where the consumer uses either their own or a completely synthetic (fabricated) identity and sets out with ... Read More »

Identity Theft Facts by TransUnion

BIIA member TransUnion offers sound advice in dealing with identity theft.   Knowing identity theft facts is critical. Identity thieves are less likely to prey on a well-informed population. So the more you learn about identity theft facts, the less vulnerable you are. Become familiar with identity theft facts and you’ll quickly see identity theft for the serious problem that it ... Read More »

Australia’s Credit Industry Primed for Positive Reporting ‘Game-Changer’

After a decade-long journey, the most significant reform to the Australian consumer credit industry in 25 years – a new comprehensive credit reporting (CCR) environment – began this month. Nerida Caesar, Veda’s Chief Executive Officer, said today’s milestone marked the beginning of a long-term journey for the credit and banking industry.  “CCR is a game-changer for the credit industry. Finally ... Read More »