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The Alibaba Effect: When Private Sector E-Commerce Becomes Embedded in Trade Agreements

E-Commerce at the Highest Level: Alibaba Group and Argentinian Government Form Partnership to Boost Trading Opportunities Alibaba Group, the world’s largest online and mobile commerce company, and the Government of Argentina, signed a Memorandum of Understanding (MOU) today to build new trade opportunities, tapping into the enormous potential of the Chinese consumer market. A range of Argentine produce is highlighted ... Read More »

Experian Fiscal 2017 Revenue Up 6% (Organic 5%)

Experian reports strong growth across the B2B areas of Credit Services, Decision Analytics and Marketing Services Experian reported preliminary results for fiscal 2017 (ending March 31, 2017) with 6% total revenue growth, 5% organic revenue growth at constant currency, consistent with its target range.  On an ongoing activities basis Benchmark EBIT margin was up 60 basis points to 27.7%1, up ... Read More »

IBM Launches Data Science Experience Local

IBM has launched Data Science Experience Local, its new collaborative workspace for private clouds. With this workspace, data scientists and organizations that work with sensitive data can quickly, easily, and securely collaborate on data analytics models in their own private locations, behind their firewalls. While cloud is best suited to handle the workloads and the huge volumes of data with which ... Read More »

Do ‘Digital-Only Banks’ Have a Future in Asia?

Imagine a scenario where banks offer their services digitally; not as an ad hoc feature but as a fully integrated mobile experience. A digital-only bank that allows customers to do everything on their smartphones, from opening a new account to making payments, settling credit card bills to resolving disputes, all without having to go to a physical branch. If this ... Read More »

Alibaba Makes Its First FinTech Investment In Hong Kong

Alibaba has expanded its investment portfolio in Hong Kong and has chosen Qupital to be its first FinTech investment in the city.  Qupital has just secured a seed investment round of $2 million, led by MindWorks Ventures and Alibaba Entrepreneurs Fund, with co-investment from DRL Capital, Aria Group and several other investors. The funding will be used to enhance its ... Read More »

Experian to Make Companies’ Credit Moves Safer Overseas

Experian, the leading global financial information services company, said it plans to increase investment in the countries and regions related to the Belt and Road Initiative. It said the increased investment, especially in the Middle East, would better serve Chinese companies by offering them credit authorization, helping them link to cross-border trade partners and preventing fraud in overseas markets. “Chinese ... Read More »

Business Credit Reports Launches Innovative New Multi-Bureau Business Reports

Business Credit Reports Inc. has announced a new line of the most innovative and comprehensive business credit reports available, blending the best of Experian, Dun & Bradstreet, Equifax and others.  the new reports are packed with the best data from Experian, D&B, Equifax and other sources in a modern, user-friendly format. Business Credit Reports Inc., the largest independent provider of ... Read More »

Epsilon Planning to Add 500 Employees this Year

Marketing solutions provider Epsilon is planning to consolidate its global delivery in India and add about 500 employees this year to take the total to 1,800, a top company executive said. “Currently, we are at 1,300 or so employees. We are aggressively growing, almost as fast as we can here, we have a plan to get to 1,800 this year ... Read More »

The Future of Lending is Now with Latest TransUnion Prama Offerings

Changing credit landscape creates opportunities for fast-moving lenders As TransUnion (NYSE: TRU) data from the end of March 2017 suggest, the consumer credit market is as complex as ever. Mortgage delinquency rates: continuing to drop. Auto loan delinquency rates: rising. Personal loan market: growing, but slowing. Access to credit cards: highest since 2005. Maneuvering through this ever-changing credit landscape is difficult for lenders of ... Read More »

Data Protection: France’s DPA Fines Facebook – Italy’s Antitrust Body Fines WhatsApp

France’s Data Protection Authority, the CNIL, has issued a fine of 150,000 euros on Facebook Inc and Facebook Ireland in an enforcement programme coordinated with four other Data Protection Authorities. The regulator says the company is in breach of the Data Protection Act due to ‘a massive compilation of personal data of Internet users in order to display targeted advertising.’ ... Read More »

TruNarrative Partners with Apriori to Protect One Billion Indian Citizens in their Fraud, Identity and AML platform

The exclusive partnership with Apriori in India fuses leading data coverage with TruNarrative’s global Fraud, Identity and AML software that delivers a true consortium to eliminate criminal activity and improved customer experience. TruNarrative, a global provider of fraud and compliance risk solutions, has partnered with Apriori, an international data provider to allow their customers to access India’s wealth of data, ... Read More »

Payment Services: Alipay and WeChat Pay Make Push into North America

China’s mobile payment leaders are ramping up efforts in the land of Apple Pay. Alipay and WeChat Pay (OTCPK:TCEHY) are expanding into North America, seeing a big market in the waves of Chinese traveling abroad. Ant Financial, operator of Alipay and affiliate of Alibaba (NYSE:BABA), announced a deal with U.S. payment processing company First Data (NYSE:FDC). The arrangement is aimed at the more than ... Read More »

Encompass Corporation Integrates with FactSet to Offer Global Know Your Customer Capability

Encompass Corporation, creator of Know Your Customer (KYC) software for banking, finance, legal and accountancy, today announced that it is teaming with FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services. The combination of FactSet’s data solutions and Encompass for KYC purposes enables truly global coverage for KYC and beneficial ownership checks. FactSet’s Data Management Solutions ... Read More »

Financing Failure: Does Microcredit Hold its Poverty-reducing Promise for Cambodia?

High interest rates and a lack of checks and balances mean the poverty-alleviating promise of microfinance loans has not been delivered in Cambodia. And while the government’s recent intervention to cap interest rates may offer short-term solutions, don’t bank on a long-term fix. Microfinance is widely touted for its great potential to alleviate poverty in the developing world while at ... Read More »

GBGroup to Acquire Postcode Anywhere (Holdings) Ltd. (“PCA Predict”)

GBG (AIM:GBG), the Identity Data Intelligence specialist, is pleased to announce that it has conditionally agreed to acquire the entire issued share capital of PCA Predict, a provider of UK and International address validation and data quality services, for a total consideration of £73,852,423 (the “Acquisition”) which includes £10,387,000 of cash on the balance sheet of PCA Predict. The combination ... Read More »

Netsun 2016 Revenues Up 84%

Shenzhen-listed Zhejiang Netsun reported it 2016 revenues of US$47 million, up 84% compared with the previous year. However, net profit dropped by 30% year-on-year, falling down to US$1.8 million. Diluted earnings per share in 2016 were RMB 0.05 (US$0.0072). The Hangzhou-based company attributed the increase in revenue to the strong performance of its online platform focused on the chemical industry ... Read More »