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Philippines: The Road Towards Financial Inclusion

CIBI Information, Inc. of the Philippines has published its Annual Report for 2016 on Financial Inclusion It is a dynamic goal, or probably even a valiant act, owning the challenge of revolutionizing the consciousness of our nation about the advantages of building a good credit history; by influencing the lending institutions in providing, what we call, responsible lending services; and ... Read More »

BIIA in Action:  China Internet Finance Credit Reporting Forum 2016 (Dec 1-2)

Shine Consultants hosted the 2nd China Internet Finance Credit Reporting Forum 2016.  The event was attended by a wide range of industry players from the commercial banking industry, P2P lending, consumer finance, credit bureaus, risk prevention and big data companies.  The event was co-hosted by the Shanghai Credit Services Trade Association. For the second time BIIA was a supporting organization ... Read More »

CTOS Malaysia Strengthens Database Management System with TmaxSoft

CTOS Data Systems Sdn Bhd, Malaysia’s leading Credit Reporting Agency (CRA) has selected TmaxSoft Singapore to successfully implement their next generation database management system. TmaxSoft is supporting CTOS Malaysia with the Tibero relational database management system (RDBMS) for their Core Business Application “CTOS Credit Manager”. Tibero competes with Silicon Valley technology giants and holds a significant and rapidly growing share ... Read More »

TransUnion’s PramaSM Wins Gold in Best in Biz Awards 2016

Company’s Groundbreaking, Versatile Data and Analytics Offering Being Honored TransUnion (NYSE: TRU) today announced that Prama has been named by Best in Biz Awards as the only gold winner in the “Most Innovative Product of the Year for Enterprise” category. Best in Biz Awards is the only independent business awards program judged by members of the press and industry analysts. Prama is a ... Read More »

Azerbaijan Banking Forum Outlines Benefits of a Credit Bureau

The Banking Forum in Baku, Azerbaijan, organized by the Azerbaijan Banks Association, focused on the challenges and perspectives related to the development of the banking system in post-oil period and covered the benefits of opening a credit bureau in the country.  This industry event took place on the 24th and 25th of November, 2016. Key presenters and participants were top government representatives ... Read More »

Central Bank of Iraq Starting Online Credit Information Exchange

The Central Bank of Iraq announced the launch of online exchange of information between the banks via a credit bureau system.  The system, named CBS5, is provided by Creditinfo, who won an international tender initiated by WorldBank.   The credit bureau system was built from scratch in only 10 months, including transfer of know how and financial institutions’ education and ... Read More »

Forrester Anayzes the Data Privacy Landscape of 54 Countries; EU Comes Out On Top

The complexity of data privacy regulations varies from country to country. For example countries like China* and Paraguay lack many of the foundational regulations found in most other countries, while many in Europe have a deep commitment to protecting individuals’ right to data privacy. In its new data privacy heat map, Forrester dissected the complex data privacy landscape with an interactive map ... Read More »

Comprehensive Credit Reporting: Almost a Million Australians Are Now Better Able To Access Credit

New study from Veda reveals that more than 930,000 people, who may have been financially excluded under negative credit reporting, now have a credit profile, thanks to Australia’s shift to Comprehensive Credit Reporting (CCR). The number of people building credit history is growing at a swift rate, according to Veda, a wholly-owned subsidiary of Equifax. More complete credit profiles are proven ... Read More »

Compuscan Partners with Coremetrix to Bring Innovative Personality-Based Credit Assessment to South Africa

Strategic partnership with Coremetrix, a company powered by Creditinfo, to improve financial inclusion amongst underserved consumers in South Africa. Compuscan has established a strategic partnership with Coremetrix, a UK-based company powered by Creditinfo, the world’s leading creator of psychometric data for consumer risk assessment. The new initiative will enable Compuscan’s clients to assess consumers with limited credit information and those ... Read More »

Lithuanian Credit Bureau Creditinfo Opens up Data to Innovative Companies

Credit bureau Creditinfo is opening up its data to startups and other innovative companies. Company data as well as population statistical data that are held by the credit bureau can be used for developing value-added products: apps, customer behavior predictive models and other solutions that require information. “This initiative is dedicated to a fairly wide audience. The greatest attention will ... Read More »

FICO Drives Greater Financial Inclusion in the Philippines with National Credit Bureau Scores

FICO has announced the launch of its highly predictive FICO® Score for International Markets in the Philippines. The solution improves the appraisal of a borrower’s creditworthiness by intelligently interpreting financial data that may only cover a single credit line or a small consumer segment. The score is produced by applying this data to FICO’s tried-and-tested expert model to produce a ... Read More »

CTOS DATA SYSTEMS MALAYSIA LAUNCHES ‘WHAT’S YOUR CTOS SCORE?’ INITIATIVE

100,000 Free MyCTOS Score Report Giveaway to kick start education and empowerment campaign CTOS Data Systems Sdn Bhd, Malaysia introduced the ‘What’s Your CTOS Score?’ initiative, a first-of-its-kind education campaign targeted at consumers of every life stage. Aimed at transforming the mind-set and attitude of Malaysians towards responsible credit management, the campaign is in response to the Government’s call for ... Read More »

Chinese Central Bank Dismisses Blacklisting & Restrictions on Defaulters

The Credit Reference Center of the People’s Bank of China denied that it had compiled a “blacklist,” saying it only provides personal credit reports to commercial banks as a reference. Once again a rumor circulated online recently, prompting the central bank to clarify the matter. According to the rumor, the central bank would keep bad credit records for seven years, ... Read More »