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The Future of Credit Insurance in a Digital Era

Personal Opinion.  Hui Wang,  an experienced Trade Credit/Political Risk Insurance and Finance Professional Credit Insurance has been playing a key role in the past century to promote trade domestically and internationally. Trading partners were freed up from strict payment conditions to much more flexible trading terms. Traditionally credit insurance is for the sellers to cover the payment risks from the ... Read More »

Equifax Canada Empowers Businesses to Arrive at better Credit Decisions Faster, with Risk Reveal

Equifax Canada® announced the launch of Risk Reveal, the only solution in the Canadian market which leverages both commercial and consumer intelligence for a robust and predictive view of a company, as well as its owners. Combining the depth of two credit databases in one solution, Risk Reveal brings together credit scores, credit data, legal actions, and collections data for ... Read More »

GTR Asia Trade & Supply Chain Finance Conference 2017

JW Mariott Hotel, Hong Kong – April 19th, 2017 Hong Kong offers a business-friendly environment and unrivalled connectivity to global, regional and the mainland China markets, making it an ideal host for the GTR Asia Trade & Supply Chain Finance Conference 2017. Returning for its third year, the conference will continue to build on its reputation as a key networking ... Read More »

BIIA Director David Knowles Presented at the European Commerce Registers’ Forum and the Corporate Registers Forum Conference

For the first time, the European Commerce Registers’ Forum and Corporate Registers Forum held a joint conference in Cardiff UK from May 9th to 13th 2016.  The 2016 conference was an exciting event which brought together many delegates from across the world to share best practices. BIIA Director David Knowles, Marketing Director at Creditsafe Group and also a director of BIPA, the UK Business ... Read More »

EU Commission Workshop: Improving Credit Assessment and Information for SMEs in Europe to Facilitate Access to Finance for SME

The EU Commission had invited a diverse group of experts ranging from credit rating, credit information, banking, alternate finance, and capital market participants to discuss whether regulating credit scoring would facilitate access to finance for SMEs i.e. as a tool to advance lending. The workshop was well attended indicating intense interest in this topic.  There were eight BIIA members at ... Read More »

Transparency: Virginia Commission Makes No Recommendation on Credit Reporting Bill

The Virginia Small Business Commission made no recommendation on Virginia House Bill 2198 this week, leaving the commercial credit reporting bill effectively dead for the remainder of the year. The credit information industry and the National Association of Credit Management (NACM) are opposed to HB 2198 since its introduction in January, and will continue to oppose it as the debate ... Read More »

The Use of Trade Credit by Businesses – Reserve Bank of Australia

Trade credit is an important source of funding for some businesses, particularly those in the unlisted business sector. Nonetheless, little is known about the use of trade credit owing to the paucity of data. The Reserve Bank of Australia published and article which explores the use of trade credit, as well as the terms and conditions of trade credit contracts. ... Read More »

Trade Payment Data: Helping Businesses Avoid Risky Customers

Veda, one of Asia-Pacific’s leading provider of consumer and commercial data intelligence and insights, announces that the Trade payment data will be available in Commercial credit risk reports to provide customers with early indicators of potential financial difficulty. Veda’s analysis of trade payment behaviour shows this information to be a lead indicator of financial distress; specifically, that companies with invoices ... Read More »

Credit Management Recommendation of the Month: Tell Your Suppliers to Share Data

If Your Company Needs a Better Credit Score?  Tell Your Suppliers to Share Data Companies of all sizes looking for a better business credit score and cheaper financing should ask their suppliers to report their accounts receivable data to credit reporting companies, according to the National Association of Credit Management (NACM). Tightened access to credit in the wake of the ... Read More »