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TransUnion Study: Rent or Buy? 2017 Begins with Spike in Number of Renters Shopping for Homes

New TransUnion analysis finds multifamily property managers may need to consider new amenities and services such as rental payment reporting to keep renters in units In a sign that consumers may be shifting preferences from renting to homeownership, a new TransUnion analysis found that 55% of those who shopped for a mortgage in Q1 2017 were non-homeowners – most of whom are ... Read More »

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 »

Equifax to Acquire ID Watchdog, a Leading Identity Protection and Resolution Services Company

Equifax Inc. (NYSE: EFX) announced an agreement to acquire ID Watchdog (TSX.V: IDW), a leading identity theft protection and resolution services company providing solutions to the Employee Benefits marketplace. Based in Denver and listed on the Toronto Venture Exchange, ID Watchdog is a leading provider of identity protection and resolutions services with primary distribution through the employee benefits channel. “ID Watchdog is a respected ... 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 »

BIIA Member CTOS and LexisNexis Risk Solutions join forces to create a safer business environment

CTOS will offer its customers a powerful tool based on LexisNexis Bridger Insight XG platform Enables companies to verify efficiently and screen their customers under KYC requirements (From left) LexisNexis Risk Solutions marketing manager Joy Lee; LexisNexis Risk Solutions International Market Development director David Haynes; CTOS Data Systems CEO Eric Chin and CTOS Holdings group CEO Dennis Martin LEXISNEXIS Risk ... 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 »

Forrester Report: A Secure Blockchain Will Transform Security and Risk Management

Secure Payments, Cryptocurrencies, Anti-Money Laundering, Identity Verification Demand New, Distributed, And Tamper-Evident Transaction Databases Forrester Research has recently issued their latest report on the above topics which should be of high interest to our members.  Compliance (KYC, Anti-Money Laundering), identity management (authentication and verification), will be key components in any blockchain transactions. Here are some of the Key Takeaways: Tougher ... Read More »

Reserve Bank of Indi (RBI) Calls for Account Number Portability – Banks Wary

Reserve Bank of India (RBI) deputy governor S.S. Mundra recently pushed banks to allow customers to move seamlessly between banks without having to change their account numbers. He also said the central bank would soon come out with final guidelines on customer protection to limit their liability in case of fraud in electronic banking transactions. Technological innovation and linking accounts ... Read More »

The Future of Analytics: The Revolution Will Be Unstructured

Darcy Sullivan of FICO wrote in his latest blog “The tech industry is full of predictions, but in this one, I have high confidence: The future is unstructured –– because unstructured data holds the key to the next generation of intelligent systems, which will be largely based on cognitive analytics and artificial intelligence (AI)-based applications”. Here is an interesting assessment:  ... 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 »

India’s RBI Working on New Standards Limiting Customer Liability in Digital Frauds

RBI Deputy Governor SS Mundra came down heavily on banks for charging customers exorbitant and high service charges including for minimum balance maintenance, mis-selling of third party insurance products, etc. There is a relief in the offing for banking customers who face frauds through unauthorized online transactions. The Reserve Bank of India (RBI) will soon list out norms limiting liabilities ... 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 »

OneSource Virtual and Equifax Partner to Provide Workforce Management Solutions

OneSource Virtual, a leading Business Process as a Service (BPaaS) and professional services provider and Equifax Workforce Solutions, a leader in human resource compliance, analytics and verification services, and a business unit of Equifax Inc. (NYSE:EFX), announced a partnership to deliver workforce management solutions to organizations. The partnership combines the expertise of OneSource Virtual in delivering innovative outsourcing services with the trusted ... 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 »

Systemic Cyber Attacks Most Likely In Finance & Energy Industries

Do recent power outages in L.A., NYC, and San Francisco serve as a foreshadowing of more systemic attacks to come in 2017? Systemic cyber attacks on the financial and energy industries might include mass business interruptions, mass, DDoS co-ordinations against financial institutions, mass data theft, or flaws in commonly used electronic medical record software or widely used payment processing software/hardware. ... 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 »