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

BIIA Biennial Conference 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, Thailand The conference will start with a Welcome Reception in the evening of the 18th October 2017.  The main conference sessions will commence on October ... Read More »

BIIA Chairman David Worlock writes about “The Brexit Upside”

David Worlock is Chairman of BIIA and thus we follow closely his blogs.  With Brexit underway we found his recent discussion concerning Copy Right and Data Protection and Privacy in a post Brexit regulatory scenario highly relevant.  Here is what David Worlock wrote: “With friends and colleagues in the industry I have been looking at formulating a debate to be ... Read More »

Consumer Credit Behavior: Hong Kong Credit Card Holders Least Aware of the Impact on Credit Score if they just Pay the Minimum, Survey Reveals

Hong Kong credit card holders were the least certain about the importance of paying more than the minimum balance on their monthly statement, according to a survey conducted by an international credit information company.  In Hong Kong, 41 per cent of credit card holders were unsure about the benefits of paying above the minimum balance, according to a consumer credit ... Read More »

CIBIL Provides Credit Scores Online Free of Charge

Borrowers can now get their credit score free of cost from TransUnion Cibil, India’s first credit information company.  Cibil said it will offer free annual credit score and report for consumers online. “We are pleased to provide this new offering, which gives all consumers online access to their Cibil score and report in a few minutes from any computer or ... Read More »

CRIF Acquires Full Ownership of CRIF NM Credit Assure Ltd. Jamaica

CRIF, a global company providing credit bureau, business information and credit solutions, has announced the acquisition of the remaining shares in CRIF NM Credit Assure Ltd., a joint venture between CRIF and Massy based in Kingston. CRIF NM Credit Assure was established in 2011 with the objective of providing a world-class credit bureau and related added-value services in Jamaica and ... Read More »

Equifax Canada Advances ‘Data Democracy’ Through Equifax Ignite(TM)

Canadian businesses gain faster and greater access to data-driven insights with new analytics powerhouse Equifax Canada announced the launch of Equifax Ignite(TM), a data analytics powerhouse that can rapidly deliver business insights in a self-serve environment. Through advanced analytics such as trended payment data and enhanced risk scores, Equifax Ignite enables the development of precise, targeted insights about consumer behaviours that ... Read More »

TransUnion Bolsters Fraud Prevention Exchange as Online Fraudsters Continue to Impact Personal Loan Delinquency Rates

Newly released TransUnion data found that as personal loan delinquency rates rise, online fraud, which includes loan stacking, continues to make significant contributions to these increases.  Serious delinquency rates (90+ days past due) at the conclusion of 2016 for personal loans originated in 2015 rose to 6.22%, up nearly 3% from the year-end 2015 delinquency rate of 6.05% for loans originated in ... Read More »

Veda Rebrands to Become Equifax in Australia and New Zealand

Veda has today completed its rebranding process to officially become the Australian and New Zealand division of Equifax, the global information solutions company, listed on the New York Stock Exchange, and the leading provider of credit information and analysis in Australia and New Zealand.  Equifax acquired Veda Group Limited in February 2016, and has been working closely with the Veda ... Read More »

Equifax Disrupts the Global Market with Debut of Revolutionary Data and Advanced Analytics Portfolio, Equifax Ignite™

Through the optimization of differentiated data, analytical techniques, and advanced technology, Ignite redefines customer’s access to data, reduces speed to production from months to days  Equifax (NYSE: EFX) announced the global launch of its powerful analytics portfolio, Equifax Ignite™. Available now in the U.S., Canada, the U.K. and in Australia in the fall, Equifax Ignite challenges the traditional “one size fits all approach” with an innovative suite ... Read More »

Square Capital Integrates with Credit Bureau for Simplifying Online Lending

Square Capital, mortgage advisory platform of India’s largest real estate transaction advisory Square Yards, announced that it has integrated its systems with a major credit reporting bureau¹ to provide free credit information to clients and help them in speedy disbursals of loans. Square Capital facilitates loan disbursals of around Rs. 150 Crores per month and it has registered its name ... Read More »

ID Analytics Gives Lenders Deeper Insight into Consumer Credit Risk with Launch of Credit Optics Full Spectrum®

More Powerful Version of Credit Optics Assesses 75 Percent of Credit Invisible Applicants ID Analytics®, a leader in consumer risk management, announced Credit Optics Full Spectrum, the newest version of its credit score designed to give organizations a more complete, predictive picture of consumer behavior and creditworthiness.  Credit Optics Full Spectrum helps organizations make more predictive lending decisions for consumers ranging ... Read More »

LexisNexis Risk Solutions Brings Driver Signature Advanced Analytics to U.S. Telematics Programs

Sophisticated machine learning techniques and analytics identify an individual’s driving patterns improving consumer experience and representation LexisNexis Risk Solutions has evolved its machine learning in Driver Signature™ analytics, its proprietary technology for insurance telematics programs, increasing accuracy when identifying the driver for a given trip based on driving style. After collecting a certain number of trips meeting the minimum driving distance, ... Read More »

The Mizen Group Will Sell FICO TONBELLER Solutions to Businesses Fighting Financial Crime

HIGHLIGHTS: The Mizen Group will offer FICO® TONBELLER® Anti-Financial Crime Solutions to its clients in the United States FICO TONBELLER’s Siron® solutions address money laundering, tax evasion, know-your-customer and other compliance requirements The Mizen Group is a multinational financial security and corporate investigations software and technology services firm FICO and The Mizen Group, a multinational financial security and corporate investigations software firm, today announced that they have entered into a partnership ... Read More »

Veda Driving Innovation for Mortgage Brokers

Momentum is growing among mortgage brokers, lenders and industry aggregators for a streamlined industry standard to verify the identity of home loan customers. Veda, Australia and New Zealand’s leading provider of consumer and commercial data and insights and a wholly-owned subsidiary of Equifax, is leading the way for the mortgage industry to transition to a standardised and digitised process through ... Read More »

US Consumer Credit Climate: Credit Products Including Auto, Credit Card and Personal Loans in 2016

TransUnion report finds personal loans continued to grow in popularity; Baby boomers make up largest share of consumers with a personal loan in 2016 Auto loans, credit cards and personal loans reached new milestones in 2016 as the number of consumers with access to these products continued to grow, according to TransUnion’s (NYSE:TRU) Q4 2016 Industry Insights Report. The report, powered ... Read More »

Experian Wins Info Security Products Guide’s 2017 Global Excellence Awards

CrossCore fraud platform receives global recognition Successfully managing fraud happens when companies stay ahead of fast-paced threats. Experian® helps businesses across the globe with this reason in mind. Our recently released fraud and identity platform, CrossCore™ won New Security Product or Service and Security Product Management / Development Team of the Year awards at the 13th Annual Info Security Products Guide’s 2017 Global ... Read More »