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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 »

Do ‘Digital-Only Banks’ Have a Future in Asia?

Imagine a scenario where banks offer their services digitally; not as an ad hoc feature but as a fully integrated mobile experience. A digital-only bank that allows customers to do everything on their smartphones, from opening a new account to making payments, settling credit card bills to resolving disputes, all without having to go to a physical branch. If this ... 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 »

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 »

TruNarrative Partners with Apriori to Protect One Billion Indian Citizens in their Fraud, Identity and AML platform

The exclusive partnership with Apriori in India fuses leading data coverage with TruNarrative’s global Fraud, Identity and AML software that delivers a true consortium to eliminate criminal activity and improved customer experience. TruNarrative, a global provider of fraud and compliance risk solutions, has partnered with Apriori, an international data provider to allow their customers to access India’s wealth of data, ... Read More »

Encompass Corporation Integrates with FactSet to Offer Global Know Your Customer Capability

Encompass Corporation, creator of Know Your Customer (KYC) software for banking, finance, legal and accountancy, today announced that it is teaming with FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services. The combination of FactSet’s data solutions and Encompass for KYC purposes enables truly global coverage for KYC and beneficial ownership checks. FactSet’s Data Management Solutions ... Read More »

GBGroup to Acquire Postcode Anywhere (Holdings) Ltd. (“PCA Predict”)

GBG (AIM:GBG), the Identity Data Intelligence specialist, is pleased to announce that it has conditionally agreed to acquire the entire issued share capital of PCA Predict, a provider of UK and International address validation and data quality services, for a total consideration of £73,852,423 (the “Acquisition”) which includes £10,387,000 of cash on the balance sheet of PCA Predict. The combination ... Read More »

Risky Business: Trend of Expanding Strategic Role of Financial Leaders Increases Scope for Mistakes

Risky Business: Trend of Expanding Strategic Role of Financial Leaders Increases scope for Mistakes In a recent survey, 97% of UK Financial Leaders say their role has changed over the last three years Seventy-one percent of respondents believe finance teams under too much pressure to be business protector and growth driver Over half of respondents (56%) feel board expectations are ... 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 »

Thomson Reuters Q1 Revenues Up 2% (BFX), Operating Profit Up 43%

Thomson Reuters (TSX /NYSE: TRI) reported revenues were up 1%, compared to down 1% in the prior-year period. Before currency, revenues were up 2%, compared to up 1% in the prior-year period. Operating profit increased 43%, from $310 million to $444 million.  Adjusted EBITDA increased 17%, with the margin increasing 430 basis points to 31.1%.  Diluted earnings per share (EPS) ... Read More »

HG Data and Modern Analytics in Partnership

Modern Analytics Uses Technographics to Maximize Business Intelligence For years, Modern Analytics has offered fully automated, machine learning-based predictive analytics to support informed decision making in all facets of business.  While Modern Analytics offers the latest data science tools for modeling and computation, its customers still have a critical need for quality data to get better answers to their customer service, ... 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 »