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Country Risk Climate: US Consumers Place Personal Loans Atop the Credit Mountain

New TransUnion study finds struggling consumers who possess multiple credit products tend to pay their unsecured personal loans first When faced with the choice of which debts to pay and which to miss, consumers in financial distress tend to prioritize unsecured personal loans ahead of other credit products such as auto loans, mortgages and credit cards. These findings were released today during ... 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 »

60% of UK Consumers and Want at Least Three Security Steps for Financial Protection

Research from Equifax reveals that 60% of consumers think that fewer than three security steps, including passwords, card readers or letters from a memorable word, are insufficient to assure their bank account is secure and not accessible by other people. The online survey, conducted by YouGov, found just over a fifth of the British population (21%) have previously had either ... Read More »

Xero Teams with Equifax to Provide Credit Reports

Accounting software provider Xero has partnered with Australian credit bureau Equifax to help bridge the knowledge gap between small and big business, piloting a new credit risk indicator feature which could help mitigate some of the risks around being paid on time and maintaining a healthy cash flow. These credit indicator reports allow small business owners to identify the credit ... 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 »

Experian to Make Companies’ Credit Moves Safer Overseas

Experian, the leading global financial information services company, said it plans to increase investment in the countries and regions related to the Belt and Road Initiative. It said the increased investment, especially in the Middle East, would better serve Chinese companies by offering them credit authorization, helping them link to cross-border trade partners and preventing fraud in overseas markets. “Chinese ... Read More »

Business Credit Reports Launches Innovative New Multi-Bureau Business Reports

Business Credit Reports Inc. has announced a new line of the most innovative and comprehensive business credit reports available, blending the best of Experian, Dun & Bradstreet, Equifax and others.  the new reports are packed with the best data from Experian, D&B, Equifax and other sources in a modern, user-friendly format. Business Credit Reports Inc., the largest independent provider of ... 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 »

The Cybersecurity Threats That Keep Banks Alert

In the current climate of major data breaches amidst an ever-shifting cyber threat landscape, the people in charge of vast volumes of valuable financial data are under increasing pressure to keep customer data safe from hackers and fraudsters. Speaking at the SWIFT Business Forum in London at the end of April, a range of senior security professionals at financial services firms and ... 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 »

Equifax Releases New Marketing Module on the BusinessConnect Platform

Providing Customers with Impactful Insights to Drive Successful Marketing Decisions Equifax Inc. (NYSE: EFX) today announced the launch of BusinessConnect™ for Marketing, a powerful new module on the BusinessConnect platform that allows organizations to boost their marketing productivity and overall performance by synthesizing organization-wide customer insights into a single, user-friendly resource. BusinessConnect for Marketing can help increase marketing performance and ROI through the ... 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 »