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Creditinfo Group Acquires 33% Shares in ISHENIM, the Credit Bureau in Kyrgyzstan

“Creditinfo Group” is well set on its track for growth and announces the acquisition of 33% of shares in the Kyrgyz Credit Information Bureau “Ishenim”.  This strategic acquisition meets Creditinfo’s aim to contribute in growing economies and facilitating access to finance – a challenge that the company has been meeting for the past 20 years.      “Kyrgyzstan is a market ... Read More »

Credit Myths, Busted: TransUnion Tackles Credit Confusion in Annual Survey

TransUnion® released its third annual credit literacy survey, exploring the state of U.S. consumer credit knowledge. The 2017 Myths vs. Facts Survey revealed consumers remain misinformed about many fundamental aspects of credit scoring, reporting and building, and lack basic information about the factors that impact a credit score. With the average VantageScore hovering at 645 in the United States, according to data from TransUnion’s ... Read More »

FICO Opens Office for Latin America

FICO has announced the opening of an office in Miami, Florida to serve Latin America and Caribbean clients. FICO has offices worldwide, including an office in São Paulo, Brazil and a newly opened office in Santiago, Chile. FICO uses Big Data and mathematical algorithms to predict consumer behavior, and its products are used by businesses in financial services, auto lending, health ... Read More »

Experian and Orchard Platform Collaborate to Help Institutional Investors and Online Lenders Navigate Big Data Challenges

Experian® and Orchard Platform, the leading provider of data, technology and software to the online lending industry, have joined together to announce a strategic collaboration that will give institutional investors access to Experian’s depersonalized consumer credit data. Orchard’s institutional clients can use depersonalized credit data for ongoing monitoring of borrower creditworthiness for loans in existing portfolios. Experian also will provide ... Read More »

B20 Calling for International Cooperation to Shape an Interconnected World

Resilience, Responsibility, Responsiveness – Towards a Future-oriented, Sustainable World Economy  –  This is a strong and convincing message which was sent by the B20 business community to the G20 leaders. Through trade, investment, financial integration, data flows, and migration, our economies are growing more and more interdependent. This interdependence is a driver of economic growth and prosperity for all. While the ... Read More »

Stefano M. Stoppani Appointed CEO of Creditinfo Group

On July 03, 2017, Stefano M. Stoppani joined as CEO of Creditinfo Group, the international credit information, risk management services and solutions provider. He replaces the company founder and former CEO, Reynir Grétarsson, who remains as active Chairman of the Board and majority shareholder of the company. “I’ve known and monitored Stefano’s brilliant career for a long time. He is ... Read More »

BIIA in Action: B20 Publishes Summit Report

BIIA is an active member of B20 activities (the Business Part of the G20) such as the Digitation Task Force and the Cross-thematic Group on SMEs as previously reported by in recent BIIA Newsletters.   B20 Summit Report On May 2nd and 3rd, 2017 the B20 Summit was held in Berlin. Over 700 guests from the G20 countries and beyond ... 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 »

FICO: 6 Principles for Cyber Risk Scores — and Why We Need Them

A FICO Contribution on Cyber Security Ratings The use of scores that rate a firm’s cybersecurity risk — such as the FICO® Enterprise Security Score — is picking up momentum. In an effort to ensure that these scores consistently add value, and to ensure that they help rather than harm businesses, a group of firms recently convened to develop industry standards for ... 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 »

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 »