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Credit Scoring & Decision System

CRIF Organized its First Official Event in Romania

On June 20 at the Grand Hotel Continental in Bucharest, CRIF organized its first official event in Romania, an Executive Round Table on the roadmap towards paperless digital banking. The event was attended by bank executives and national institution representatives: executives of the Ministry of Internal Affairs; the Romania banking association; and Romania National Bank During its speech, CRIF presented and ... Read More »

Credit Myths, Busted: TransUnion Tackles Credit Confusion in Annual Survey

TransUnion® released its third annual credit literacy survey, exploring the state of U.S. consumer credit knowledge. The 2017 Myths vs. Facts Survey revealed consumers remain misinformed about many fundamental aspects of credit scoring, reporting and building, and lack basic information about the factors that impact a credit score. With the average VantageScore hovering at 645 in the United States, according to data from TransUnion’s ... Read More »

Tracking Changes in Small Business Risk Profiles Challenges Lenders

LexisNexis Risk Solutions launches LexisNexis® Small Business Monitoring that checks for targeted, material changes and updates  LexisNexis® Risk Solutions has identified a growing trend among lenders that serve small businesses—namely, the difficulty of tracking changes in the status of their risk profile.  A suite of products, including Small Business Monitoring, assists lenders with client account management by monitoring for changes in ... Read More »

Paisa Bazaar Launches Campaign on the Relevance of a Credit Score

Paisa Bazaar, a marketplace for loans and cards, which has a partnership with Experian Credit Information, launched its TV campaign during the live broadcast of the India-Pakistan Champions Trophy match on Sunday, featuring several products offering customers a credit report along with monthly updates at absolutely zero cost The campaign was conceptualised by the in-house team of Paisabazaar.com and was ... Read More »

B20 Policy Recommendations: Shaping an Interconnected World

On May 3rd, 2017, the B20 has officially handed over its Policy Recommendations to German Chancellor Angela Merkel at the B20 Summit in Berlin. The recommendations are the product of a yearlong process of our seven Taskforces and Cross-thematic Groups, which comprise over 700 members from all G20 economies with BIIA being part of it. Developed under the theme “Building ... Read More »

Stopping Fraud with Efficiency

Newest technology doesn’t mean best when it comes to stopping fraud I recently attended the Merchant Risk Conference in Las Vegas, which brings together online merchants and industry vendors including payment service providers and fraud detection solution providers. The conference continues to grow year to year – similar to the fraud and risk challenges within the industry. In fact, we ... Read More »

Acquisitions and Analytics Solutions Buoyed 2016 Business Information Industry Results

It is the annual report season and BIIA has captured below the segment results of some of the most prominent information providers who had released their earnings up to February 25, 2017.  BIIA publishes company results on a regular basis, complete with charts, however the reports are password protected.  We are offering this review as an encouragement for our readers ... Read More »

What Is a Cybersecurity Posture?

The world of cybersecurity and cybercrime is rapidly evolving and a new vocabulary is developing to match. A relatively new addition to the cyber-lexicon is the concept of a ‘security posture’ or ‘cybersecurity posture.’ What does this refer to? The cybersecurity posture of an organisation refers to its overall cybersecurity strength. This expresses the relative security of your IT estate, ... Read More »

Contribution of Advanced Credit Reporting System to Financial Inclusion and Financial Stability

According to an age old maxim credit and credit reporting are intertwined.  Economic growth is reliant on a well-functioning credit system providing access to credit to individuals and businesses.  Access to credit however hinges on the availability of accurate, reliable and timely information.  Without such information there will be no economic growth. Ömer Kayhan Seyhun, Senior Specialist at the Central ... Read More »

FICO and EFL Partner to Extend Access to Credit in Turkey, Russia and Mexico

As part of its FICO Financial Inclusion Initiative, analytic software firm FICO announced a strategic partnership with EFL Global to expand credit scoring options for lenders and consumers in markets outside the US. FICO will offer EFL’s psychometric scoring alongside its own credit scoring products in global markets, with the initial focus on Turkey, Russia and Mexico. “We estimate that ... Read More »

CTOS DATA SYSTEMS MALAYSIA LAUNCHES ‘WHAT’S YOUR CTOS SCORE?’ INITIATIVE

100,000 Free MyCTOS Score Report Giveaway to kick start education and empowerment campaign CTOS Data Systems Sdn Bhd, Malaysia introduced the ‘What’s Your CTOS Score?’ initiative, a first-of-its-kind education campaign targeted at consumers of every life stage. Aimed at transforming the mind-set and attitude of Malaysians towards responsible credit management, the campaign is in response to the Government’s call for ... 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 »

PERC Publishes Study on Personalized Credit Report and Score Counseling

Personalized Credit Report and Score Counseling: It works and consumers like it. Why the courts are constraining it and what Congress should do PERC, as part of National Financial Literacy Month, has released preliminary results of a study on the effectiveness of personalized credit counseling services showing that more than two-thirds of consumers had an increase in their credit scores ... Read More »