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Industry Dynamics

Companies House Announces New Chief Executive

Louise Smyth has been appointed as the new Chief Executive of Companies House and The Registrar of Companies for England and Wales.  She will take up leadership of the organisation in September 2017 and joins Companies House from a long career at the Intellectual Property Office, including roles as Director of IT, Director of Corporate Services and latterly as Chief Operating ... Read More »

Moody’s Completes Acquisition of Bureau van Dijk

Moody’s Corporation (NYSE: MCO) announced on August 10th 2017 that it has completed its acquisition of Bureau van Dijk, a global provider of business intelligence and company information. The acquisition strengthens Moody’s position as a leader in financial risk data and analytical insight. Moody’s announced that it had agreed to acquire Bureau van Dijk on May 15, 2017 and, on ... Read More »

BNM – WBG Credit Infrastructure for Regulators

BNM-WBG Credit Infrastructure Programme 6 – 9 November 2017 Kuala Lumpur, Malaysia Bank Negara Malaysia (BNM) and World Bank Group (WBG), will jointly organize the fifth edition of 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 programme will be composed of joint ... Read More »

China’s Ant Financial Partners with CIMB Subsidiary in Malaysia

Ant Financial is targeting the Malaysian market by forming a mobile wallet joint venture with a subsidiary of local bank CIMB. Finextra reported news that Ant Financial will hold a minority stake in the equity JV with CIMB’s Touch ‘n Go unit, which provides cards to millions of Malaysians for payments at toll roads, public transportation systems, parking and retailers. ... Read More »

LexisNexis Risk Solutions Drives Global Expansion with Multi-language Telematics Capability

Global insurers expanding their telematics propositions into new territories can now take advantage of the multi-language capability of the LexisNexis® Global Telematics Platform from insurance data analytics and telematics leader LexisNexis Risk Solutions.  This development can vastly improve speed to market in each territory whilst providing the benefits of a consistent platform across different geographical regions. The new multi-language capability ... Read More »

Scoring Service Will Be Critical to Winning Share of China’s $5tn Mobile Payments Market

Tencent is developing a credit scoring system as it ramps up its battle with rival Alibaba for a share of China’s $5.5tn mobile payments market.  Tencent now aims to launch a similar service, which likewise accounts for users’ social and financial histories to assess their credit risk. Credit scoring is popular in China, especially among younger subscribers who lack a ... Read More »

Myanmar’s First Credit Bureau to Receive License Shortly

A Credit Bureau is an important step towards transparent financial services According to the International Finance Corporation (IFC) Myanmar’s first-ever Credit Bu­reau will launch in the next 9 to 12 months as it completes the li­censing and training process from the Central Bank of My­anmar (CBM), according to International Finance Corporation (IFC). “The CBM is due to complete the licensing ... Read More »

Blockchain:  Distributing Time-sensitive Information via Blockchain

Patent Application Reveals Nasdaq Planning Blockchain-Powered Data System.  Nasdaq is seeking to patent a system for securely distributing time-sensitive information via a blockchain. The U.S. Patent and Trademark Office (USPTO) released the patent application – entitled “Systems and Methods for Securing and Disseminating Time Sensitive Information Using a Blockchain” – on August 3, though it was initially submitted in late January of ... Read More »

Salesforce Service Cloud Update Pitches for Simplicity

Lots more features for no additional costs coming from Salesforce Salesforce is adding new features to its Service Cloud that it says will enable companies to build a customer service centre in a single day. The Salesforce Service Cloud, which is built on the Salesforce Lightning component framework, now has case management pre-built into it along with a more streamlined ... Read More »

Credit Karma Names Susannah Wright its First General Counsel

Former prosecutor and SolarCity and Tesla counsel joins rapidly expanding financial technology company Credit Karma, the top venture-backed personal finance company in the world, today announced it has named Susannah Wright its first general counsel. Previously head of compliance at SolarCity and Tesla, Wright also joins Credit Karma’s executive committee. As general counsel, Wright oversees all legal matters at Credit ... Read More »

Cyber Crime: BTC-E Claims Alexander Vinnik Was Never Their Admin Employee, Promises to Return Customer Funds

Who can you believe????  In following up on our story of earlier today we discovered the following announcement of BTC-e Recently, BTC-e’s domain went down and, shortly before, news of 38-year-old Alexander Vinnik’s arrest in Greece for laundering $4 billion of ill-gotten bitcoins broke. After putting the pieces together, and having suspicions confirmed by news outlets, the cryptocurrency community started to believe ... Read More »

Cybercrime Does Not Pay: Russian Culprit Arrested For $4bn Bitcoin Theft

The ‘long arm’ of justice has finally succeeded.  Vinnik, the Russian crook  “internationally sought ‘mastermind’ of a crime organisation” accused of laundering more than $4bn in bitcoin, including funds obtained from the hack of failed bitcoin exchange Mt Gox, has been arrested in Greece. A US jury indicted Alexander Vinnik recently after his arrest in a small beachside village in ... Read More »

The Future of Credit Insurance in a Digital Era

Personal Opinion.  Hui Wang,  an experienced Trade Credit/Political Risk Insurance and Finance Professional Credit Insurance has been playing a key role in the past century to promote trade domestically and internationally. Trading partners were freed up from strict payment conditions to much more flexible trading terms. Traditionally credit insurance is for the sellers to cover the payment risks from the ... Read More »

Modus and LexisNexis Risk Solutions Form Alliance to Broaden Telematics Data Gathering Solutions

Insurers to benefit from the combination of Modus innovative tracking systems and LexisNexis telematics data management and advanced analytics for risk management LexisNexis Risk Solutions and Modus, a leading provider of advanced vehicle tracking systems for insurers, fleet managers and businesses, announced today a new alliance which provides insurers more options in after-market solutions to gather data and apply advanced analytics ... Read More »