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Finance industry must work together to ensure GDPR privacy notice changes are effective

As companies prepare for new general data protection regulation (GDPR), Steve Martin, Data Protection Officer at Equifax highlights the importance of a consistent approach to making privacy notices understandable and accessible: “Data sharing and analysis can bring huge benefits to consumers, but raises concerns about how personal information is used, and who can access it. The new general data protection ... Read More »

Cristal Credit International Opens Office in the Dominican Republic

Cristal Credit International is proud to announce the opening of its 14th office in the Dominican Republic. This is a major step to strengthen its position in the Caribbean that will allow an expansion of capacities and presence.  Congratulations from BIIA   Background: Dominican Republic Strengthened macroeconomic environment:  The Dominican Republic is the tenth largest economy in Latin America and the ... Read More »

Keep the Date: BIIA 2017 Biennial Conference Bangkok, Thailand October 18 to 20, 2017

BIIA Biennial Conference 2017

BIIA invites business and credit information industry professionals to attend the BIIA 2017 biennial conference where we intend to discuss disruptive technologies  impacting our industry and the businesses of our customers. Venue: The Okura Prestige Hotel, Thailand The conference will start with a Welcome Reception in the evening of the 18th October 2017.  The main conference sessions will commence on October ... Read More »

UK Department for International Trade selects Encompass Corporation for RegTech Trade Mission

Glasgow based Encompass Corporations has been chosen by the Department for International Trade to join its first RegTech mission to the United States. The mission will last from 24th to 28th April and will take shape through a range of workshops, seminars networking and events. As well as networking with US counterparts, the mission will give the opportunity for UK ... Read More »

BIIA Chairman David Worlock writes about “The Brexit Upside”

David Worlock is Chairman of BIIA and thus we follow closely his blogs.  With Brexit underway we found his recent discussion concerning Copy Right and Data Protection and Privacy in a post Brexit regulatory scenario highly relevant.  Here is what David Worlock wrote: “With friends and colleagues in the industry I have been looking at formulating a debate to be ... Read More »

Experian and Finicity collaborate to digitize the lending marketplace with an easier, quicker and less tedious experience for consumers and lenders

New technology will allow for real-time income and asset verification from more than 80 percent of all financial accounts, making paper-based processes more obsolete Experian® and Finicity have joined together to make it easier for consumers to apply for a loan, accelerating loan underwriting and broadening loan availability. The new technology also improves accuracy and reduces fraud risk for lenders.  Experian’s new Digital Verification Solutions will ... Read More »

Thomson Reuters and SAP Team to Help Businesses Manage Compliance and Third-Party Risk Challenges

Integration of World-Check Data with SAP® Business Partner Screening offers organizations improved vigilance across the globe Thomson Reuters is collaborating with SAP to allow its World-Check content to be available to customers within the SAP® Business Partner Screening application. The aim is to help organizations better manage their third-party compliance and risk challenges. This will allow World-Check’s risk intelligence data ... Read More »

D&B Beneficial Ownership Offers Comprehensive Data and Analytics to Verify Global Entities and Mitigate Regulatory Risk

Dun & Bradstreet (NYSE: DNB) announced the launch of D&B Beneficial Ownership, a solution that delivers quick and reliable data for actionable management of regulatory compliance. D&B Beneficial Ownership provides companies a fast and comprehensive picture of corporate hierarchy with entity and individual level share ownership based on Dun & Bradstreet’s 265 million verified business records. D&B Beneficial Ownership capabilities can be easily ... Read More »

Thomson Reuters Completes Clarient and Avox Acquisitions Creating Best-In-Class KYC and Legal Entity Data Due Diligence Standards

Thomson Reuters has completed its acquisitions of Clarient Global LLC and Avox Limited, expanding its risk-management footprint and its ability to provide a best-in-class standard of customer solutions by integrating both businesses into its portfolio of risk management, compliance and data offerings.  The Clarient and Avox acquisitions represent the next step of Thomson Reuters vision to be a leading provider ... Read More »

Bisnode Acquires Leading Marketing Solutions Provider Global Group

Bisnode has aquired Global Group, one of the leading full-service marketing providers for multi-channel communication for German speaking countries. Bisnode acquires Global Group as part of achieving its strategy of expanding its consumer data footprint across its European markets, as well as moving into next generation data-driven marketing services. Global Group, based in Idstein, Germany, has revenue of approximately EUR ... Read More »

Consumer Credit Behavior: Hong Kong Credit Card Holders Least Aware of the Impact on Credit Score if they just Pay the Minimum, Survey Reveals

Hong Kong credit card holders were the least certain about the importance of paying more than the minimum balance on their monthly statement, according to a survey conducted by an international credit information company.  In Hong Kong, 41 per cent of credit card holders were unsure about the benefits of paying above the minimum balance, according to a consumer credit ... Read More »

Atradius Appoints Hong Kong and Taiwan Head

Vincent Ku has been named country manager for Hong Kong and Taiwan at trade credit insurer Atradius.  Ku replaces Matthew Cockerill, who left the company late-last year to join Coface. Ku has been promoted from regional sales manager, where he was responsible for growing Atradius’ business in China. He joined Atradius in 2008. Based in Hong Kong, Ku will report ... Read More »

Building Credit Information into the DNA of Your Organization

The advantages to finance departments having quick and easy access to credit ratings and reports are clear, but how can different departments beyond finance use credit information effectively? There are three disciplines that can leverage company information in online Credit Reports: Sales, Procurement and Marketing. In addition, CEOs and other board level directors are using Credit Reports to monitor acquisition ... Read More »

CIBIL Provides Credit Scores Online Free of Charge

Borrowers can now get their credit score free of cost from TransUnion Cibil, India’s first credit information company.  Cibil said it will offer free annual credit score and report for consumers online. “We are pleased to provide this new offering, which gives all consumers online access to their Cibil score and report in a few minutes from any computer or ... Read More »

CRIF Acquires Full Ownership of CRIF NM Credit Assure Ltd. Jamaica

CRIF, a global company providing credit bureau, business information and credit solutions, has announced the acquisition of the remaining shares in CRIF NM Credit Assure Ltd., a joint venture between CRIF and Massy based in Kingston. CRIF NM Credit Assure was established in 2011 with the objective of providing a world-class credit bureau and related added-value services in Jamaica and ... Read More »

Thomson Reuters: Ten Regulatory Insights for Asia-Pacific in 2017

Thomson Reuters Regulatory Intelligence Expert, Niall Coburn has uncovered key regulatory risks and priorities facing firms in Asia Pacific in 2017. As of 2017, a decade has passed since the start of the financial crisis, which brought some of the world’s largest economies to their knees, altering the regulatory landscape internationally. This year, many firms have placed compliance at the ... Read More »