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Consumer Credit Information

Veda Changes Its Scoring Model

Veda has confirmed to Fairfax Media that it changed its scoring model in January, meaning some people’s scores may have increased or decreased. It maintains credit reports for millions of Australians. A spokeswoman said it notified subscribers of the change at the end of last year. She said it could only notify subscribers because of constraints under privacy laws. It’s ... Read More »

Axis Bank to Sell 14 million Shares in Experian India

India’s third largest private bank Axis Bank Ltd said in a statement that it has signed an agreement to sell 14 million equity shares in Mumbai-based Experian Credit Information Co. of India Ltd for a total cash consideration of Rs64 crore.  The deal for the 10% stake was closed at a price of Rs45.7 per share. The transaction, which is ... Read More »

TransUnion Q4 2016 Revenues Up 13%

Company Announces Three-Year up to $300 Million Share Repurchase Program Total revenue was $436 million, an increase of 13 percent, both as reported and on a constant currency basis compared with the fourth quarter of 2015. Acquisitions accounted for a 3 percent increase in revenue. Net income attributable to TransUnion was $50 million compared with $19 million in the fourth ... Read More »

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 »

Australia Adopts Law on Mandatory Data Breach Notification

The Privacy Amendment (Notifiable Data Breaches) Bill 2016 passed both Houses of Parliament on 13 February. Unless the Government fixes a date for commencement by Proclamation, the law will enter into force 12 months from the date the Bill receives Royal Assent.  The following is the official statement from Australian Privacy and Information Commissioner, Timothy Pilgrim: “I welcome the passage ... Read More »

Philippines: The Road Towards Financial Inclusion

CIBI Information, Inc. of the Philippines has published its Annual Report for 2016 on Financial Inclusion It is a dynamic goal, or probably even a valiant act, owning the challenge of revolutionizing the consciousness of our nation about the advantages of building a good credit history; by influencing the lending institutions in providing, what we call, responsible lending services; and ... Read More »

Creditinfo Lithuania‘S R&D Project Approved for EU Funding

Creditinfo Lithuania together with partners received an approval for more than 430 thousand euros EU funding. Funding is allocated for research and innovation activities. About a quarter of funding is set for project administration while the rest part set for implementing research and innovation. The project’s implementation period is two years. Funding is carried out under open data program and ... Read More »

India Is Building the Infrastructure for a Truly Digital Economy and Financial Inclusion

India’s 1.1bn people now have an identity!  Financial inclusion: 270 million bank accounts opened within the last three years.  Unified Payment Inferface (UPI) allows digital payments based on the Aadhar number with biometric authentication.  Welcome to India Stack  India may have leapfrogged the US technology industry with simple and practical innovations and massive grunt work. It has built a digital infrastructure that ... Read More »

Experian India Partners with BankBazaar.com

BankBazaar.com, India’s leading financial marketplace, has announced its tie-up with credit bureau Experian to offer free credit monitoring service to customers, giving them a much better understanding of their financial footprints. Experian Credit Information Company of India Private Limited provides Credit Information Services to consumers. A general misconception is that checking your own credit score on platforms like BankBazaar will ... Read More »

TransUnion Introduces IDVision to Help Businesses Prevent Sophisticated and Evolving Fraud and Identity Theft

TransUnion (NYSE: TRU) unveiled IDVision, a suite of solutions providing businesses with a holistic approach to fraud and identity management.  IDVision helps companies stop sophisticated and evolving fraud while also protecting and restoring their confidence in conducting business. In 2016 alone, more than $1.6 billion was lost by companies due to credit card application fraud.* While a significant amount, it ... Read More »

Ethoca & FICO Partner to Improve End-to-End CNP Fraud Management Capabilities for Card Issuers

Partnership Enables FICO to Provide Rapid Notification of Confirmed Fraud to Ethoca for Immediate Resolution Through Ethoca’s Global Network of Merchants Ethoca, the industry standard for collaboration-based technology solutions that enable card issuers and online merchants to increase card acceptance and stop ecommerce fraud and disputes, announced a partnership with Silicon Valley analytic software firm FICO.  Card issuers using the ... Read More »

Keep the Date: BIIA 2017 Biennial Conference Bangkok, Thailand October 18 to 20, 2017

BIIA invites business and credit information industry professionals to attend the BIIA 2017 biennial conference where we intend to discuss disruptive technologies  impacting our industry and the businesses of our customers.   Venue:  The Okura Prestige Hotel, Bangkok, Thailand    The conference will start with a Welcome Reception in the evening of the 18th October 2017.  The main conference sessions will ... Read More »

Paisabazaar.com Launches ‘Free Credit Report’ Campaign in India

Paisabazaar.com, India’s biggest marketplace for loans and cards, launched a campaign around its ‘Free Credit Report’ feature. Paisabazaar.com is the only financial entity in India to offer customers a credit report along with monthly updates at absolutely zero cost. The free credit score feature on Paisabazaar.com, built in partnership with Experian Credit Information Company, is easy, instant and it’s completely ... Read More »