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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 »

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 »

Equifax & TransUnion Join Canadian Blockchain Identity Network Trial

Credit reporting agencies Equifax and TransUnion have joined to test and experiment Canadian blockchain identity network in order to ease the sharing of consumer data through the internet. The two credit agencies said that they are taking part in the initial tests of the blockchain network that is being developed by Toronto-based technology firm SecureKey. With the SecureKey network, customers ... Read More »

Meet our Member the Credit Bureau of Brunei

The Autoriti Monetari Brunei Darussalam (AMBD) has, pursuant to Section 42A of the AMBD Order, 2010, established the Credit Bureau (“Biro Kredit”) ​with the objective to promote a sound credit culture within the country’s financial system. The Credit Bureau is a unit under the Regulatory & Supervision Department of AMBD.  In September 2012, the Credit Bureau commenced its services to ... Read More »

Experian Research: Accurate Insight about Customer Experience is Critical for Growth

Accurate insight is now the top priority for businesses as maximised customer experience becomes critical to growth. But new research shows two out of three CEOs readily admit current approaches are ineffective and don’t offer a clear view of customers – resulting in missed opportunities. Boardrooms across Europe unanimously agree that accurate insight across the customer lifecycle is critical to ... Read More »

Australia Risk Climate: Overall Credit Applications Rose by 1.6%

Growth in business credit demand moderate, supported by strength in commercial mortgages Overall business credit applications rose +1.6% (vs March quarter 2016) Growth in business loan and asset finance applications rose, while trade credit applications fell (vs March quarter 2016) Growth in commercial mortgage applications increased +25.7% (vs March quarter 2016) The Quarterly Business Credit Demand Index by Equifax, which ... Read More »

Comprehensive Credit Reporting in Australia

Banks Are Quiet on Progress of Move to Comprehensive Credit Reporting If the talk is right, the major banks are picking up the pace on voluntary adoption of comprehensive credit reporting, amid the threat of legislation for mandatory reporting if they continue to drag their feet.  The fintech industry, which will be one of CCR’s main beneficiaries, would say an ... Read More »

Business Information Company Revenue Growth Rates – Credit Bureaus Leading with Double Digit Growth Rates

Equifax was the first of the credit bureaus to publish its Q1 results and revenue growth is still double digit (14% after FX and 15% in local currency).  TransUnion reported revenue growth of 12%.  Credit scoring company FICO revenue was up 10.5%.  Business Information company Cerved Q1 growth was 10.5%.  Dun & Bradstreet reported Q1 growth of 3%. Identity expert GBGroup reported revenue growth of 19% (organic 12%) for the year ... Read More »

Equifax Awarded for Fraud Prevention Services in APAC region

Equifax, the global information solutions company and the leading provider of credit information and analysis in Australia and New Zealand, has received a partner recognition award for its fraud prevention services in the APAC region. ThreatMetrix, a leading security technology company headquartered in San Jose, California, hosted its Digital Identity Summit in Hong Kong. ThreatMetrix recognised excellence from its business partners ... Read More »

Equifax Q1 Revenues up 14%

Equifax delivers strong operating performance driven by double digit revenue growth and expanded Adjusted EBITDA margins Revenue of $832.2 million was up 14 percent (15 percent in local currency) compared to the first quarter of 2016. Diluted EPS of $1.26 was up 49 percent compared to the first quarter of 2016. Adjusted EPS of $1.44 was up 17 percent compared ... Read More »

Equifax Canada Empowers Businesses to Arrive at better Credit Decisions Faster, with Risk Reveal

Equifax Canada® announced the launch of Risk Reveal, the only solution in the Canadian market which leverages both commercial and consumer intelligence for a robust and predictive view of a company, as well as its owners. Combining the depth of two credit databases in one solution, Risk Reveal brings together credit scores, credit data, legal actions, and collections data for ... Read More »

Korean Credit Bureau Net Profits Up 31%

The combined net profit of six credit bureau firms in South Korea jumped 31 percent on-year in 2016, as they expanded their business portfolio into new sectors, the nation’s financial regulator said Tuesday. The combined net income of the six credit bureau firms, which collects and evaluates credit data between consumers and financial firms, stood at 57.2 billion won ($51.3 ... Read More »

Creditreform Compliance Services Establishes New Data Protection Hub

New data protection hub of Creditreform Compliance Services GmbH online! Many companies are currently faced with the challenge of examining which new legislation is relevant in the EU Basic Data Protection Regulation. The fines have risen drastically and ensure that data protection is at the top of the list of priorities.  For this purpose Creditreform Compliance Services GmbH has developed a ... Read More »

Credit Bureau Cambodia Expands Database

The credit histories of about 400,000 borrowers were added to its database last year, raising the number to slightly more than 4 million in credit bureau database, Credit Bureau Cambodia Interim CEO Mr. Oeur Sothearoath says at the bureau’s newly opened office in Vattanac Capital. All of this data is stored on Power7 servers and managed locally with international expertise ... Read More »

Financial Inclusion: Cibil TransUnion to Assist Borrowers Get the Best Loan

India’s first credit information company, TransUnion Cibil, with the launch of Cibil Marketplace will assist the borrowers to get the most appropriate loans available, on the basis of the borrower’s credit scores and history, in a bid to stay ahead in competition with other online retail loan aggregators. At present, Cibil offers retail loans like personal loans, credit cards, loan ... Read More »