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Consumer Credit Information

LexisNexis® RiskView™ Liens & Judgments Report Delivers New Confidence for Home Mortgage Lenders and Limits Risk

In the face of credit bureaus’ new restrictions on reporting liens and judgments, LexisNexis Risk Solutions provides access to detailed and reliably linked data LexisNexis® Risk Solutions announced the broad availability of LexisNexis® RiskView™ Liens & Judgments Report, which provides lenders with detailed, reliable data for making credit decisions. The new, robust data report, which relies on LexisNexis Risk Solutions ... 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 »

TransUnion Introduces Find My Offer Solution

Lenders Seeking to Provide Real-Time Credit Online Can Cut Implementation from Months to Weeks with TransUnion Find My Offer Solution As financial institutions seek to improve customer experiences online, TransUnion (NYSE:TRU) announced the launch of Find My Offer to help lenders deliver relevant credit offers to consumers online. Find My Offer is a set of configurable white-label web screens that ... Read More »

TransUnion and Equifax Launch Multi-Bureau Lock

Unique, two-bureau feature enhances identity theft protection, data security TransUnion® (NYSE: TRU) and Equifax Inc. (NYSE: EFX) have entered into an agreement to launch a first-of-its-kind identity theft protection feature, Multi-Bureau Lock, that allows customers to lock both their TransUnion and Equifax credit reports. This agreement reinforces Equifax and TransUnion’s shared commitment to identity theft protection and data security by making it ... Read More »

ID Analytics Names Ajay Nigam SVP of Product and Technology

ID Analytics LLC, a leader in consumer risk management, today announced that Ajay Nigam has joined the management team as senior vice president of product and technology. In this new role, Nigam is responsible for leading the company’s strategy and roadmap to bring new products to market. With a proven track record of more than two decades in product management ... Read More »

Equifax Announces Senior Leadership Changes

Leverages Internal Executive Talent to Continue to Deliver Unparalleled Value to Customers, Consumers & Shareholders Equifax Inc. (NYSE:  EFX), announced the realignment of some of its key senior leadership roles. The repositioning of its executive bench is in line with the company’s strategy of empowering its management team to take on broader responsibilities that bring new insights to its business ... Read More »

Creditinfo Eesti Appoints New CEO

Creditinfo Eesti has appointed Ege Metsandi as CEO.  Metsandi has extensive experience in the finance sector.  For the past three years Metsandi worked at Nordea Bank, where she successfully contributed to the creation of the pan-Baltic investment products development division. Before that, she held managerial positions at Trigon Capital and Swedbank. As of June 01, 2017 former CEO Veiko Meos joins ... Read More »

ALTERNATIVE MEETS CLASSICS IN CREDIT RISK MANAGEMENT AT THE CREDITINFO GLOBAL FORUM 2017

The Creditinfo Global Forum is a top-level international meeting point for lenders, credit risk management professionals and institutions, who aim to facilitate access to finance. The global conference is designed to meet the expectations of those, who are looking for inspiration, innovation, contacts and modern solutions to improve credit risk management and facilitate financial inclusion. Learn how others are tackling the challenges ... Read More »

TransUnion CIBIL Launches CreditVision to Enable Banks to Expand Access to Credit

TransUnion CIBIL launched CreditVision to expand the eligible consumer base and drive access to finance for many more deserving consumers. CreditVision is a transformational way of looking at the past credit behavior of a consumer. CreditVision algorithms predict risk and expand credit opportunities by intensively studying the trended data that unlocks the patterns in payment, exposure and spend behavior. TransUnion ... Read More »

Arvato Payments Review Provides Free Data and Insights into 14 Leading Markets

Risk and Reward for Online Retailers in Cross-border Business Going global has never been easier – at least in theory. Cross-border e-commerce offers retailers a world of opportunities, but also pitfalls for the unwary. The Arvato Payments Review is a free resource providing invaluable insights for retailers wanting to expand their online presence into new markets. Retailers looking to expand ... Read More »

Equifax Forms New Alliance to Develop Open Banking Products

Equifax and Castlight, the leading financial capability company, have formed an alliance with Oakbrook Finance, the owners of consumer loan brand Likely Loans, to develop new products for the 2018 Open Banking initiative. Under Open Banking, bank transaction data will play a crucial role in lending decisions. Lenders will have access to real-time and historic account and transaction information, boosting ... Read More »

China Cybersecurity and Data Protection Laws: Changes to Become Effective June 1, 2017

China’s new Cybersecurity Law will become effective on June 1, 2017. In addition to focusing on cybersecurity, the law also details how companies are to handle personal information and data. In determining what is allowed and not allowed for handling personal information in China, it is important to examine The Decision on Strengthening Information Protection on Networks (2012), The Guidelines ... Read More »

Country Risk Climate: US Millennials Pose Greater Insurance Risk than Previous Generations at Same Age, but May Be Worth It in the Long Run

New TransUnion insurance study explores nuances of millennial policyholders Millennials in their early 20s tend to be even riskier drivers than previous generations such as Gen X at the same point in their lives. The new TransUnion (NYSE:TRU) insurance study also found that as millennials reach their early 30s they perform as well, if not better than Gen X drivers of ... Read More »

Leading NBFC Home Credit India wins TransUnion-CIBIL Data Quality Award for 2016

Home Credit India, India’s leading NBFC and market leader in the small ticket size loan category* providing fast and easy loans mostly to first time loan takers in the country has become the proud recipient of the prestigious TransUnion CIBIL “Consumer Bureau Data Quality Award 2016 under “Member with the maximum improvement in data quality score during 2016” in the ... 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 »

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 »