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TransUnion Study: Rent or Buy? 2017 Begins with Spike in Number of Renters Shopping for Homes

New TransUnion analysis finds multifamily property managers may need to consider new amenities and services such as rental payment reporting to keep renters in units In a sign that consumers may be shifting preferences from renting to homeownership, a new TransUnion analysis found that 55% of those who shopped for a mortgage in Q1 2017 were non-homeowners – most of whom are ... 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 »

Encompass Corporation in the News: Fintech Firm Swaps Bondi for Broomielaw

Encompass’s search for excellence brought it half-way round the world to Glasgow. It perhaps wouldn’t be the most obvious switch, but BIIA member Encompass have made the move from Sydney, Australia, to Glasgow, Scotland. One of the principle reasons for the move has been the support and assistance offered to encompass by Scotland’s Economic Development International. It is two years since ... Read More »

The Age of Alt: Data Commercialization Brings Alternative Data to Market

Contribution by Forrester Research  –  Jennifer Belissent’s Blog:  Jennifer serves Customer Insights Professionals We all want to know something others don’t know.  People have long sought “local knowledge,” “the inside scoop” or “a heads up” – the restaurant not in the guidebook, the real version of the story, or some advanced warning.  What they really want is an advantage over ... Read More »

Atradius Unveils Atrium – A New Online Credit Management Portal

Credit limits approved in minutes with just a few clicks Atradius announced an upgrade to its digital platform with the unveiling of ‘Atrium’, its new credit management portal. Atrium is an advanced way for business to complete credit insurance transactions creating a new level of service. The Oracle based portal is designed to evolve with digital advancements and user requirements. ... Read More »

Equifax to Acquire ID Watchdog, a Leading Identity Protection and Resolution Services Company

Equifax Inc. (NYSE: EFX) announced an agreement to acquire ID Watchdog (TSX.V: IDW), a leading identity theft protection and resolution services company providing solutions to the Employee Benefits marketplace. Based in Denver and listed on the Toronto Venture Exchange, ID Watchdog is a leading provider of identity protection and resolutions services with primary distribution through the employee benefits channel. “ID Watchdog is a respected ... Read More »

ICISA Trade Credit Members Insured over 2.3 trillion in 2016

Growth in global trade reflected in high exposure figures Increased demand for surety under soft market conditions Trade credit insurance Total premium income decreased by -3.4% to €6 billion in a competitive market Claims paid or 2016 stands at a total sum of €2.9 billion Claims ratio 2016: 48.3% (2015: 50.4%) Insured exposure increased by +2%. Total insured exposure over ... 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, 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 (DMS) ... 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 »

Thomson Reuters Releases BlockOne IQ into Blockchain Developer Community

Move Underlines Thomson Reuters Commitment to The Exploration of Applications of Blockchain Technology Through the Provision of Market Data Via a Smart Oracle Thomson Reuters is the first major industry player to make a smart oracle available in the blockchain ecosystem for lean experimentation purposes. Organizations are now able to represent real market conditions more accurately in their proof of ... 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 »

Technology Disruption: Opportunity and Threat Say Asian Businesses

Disruption could be an opportunity for businesses, say 78% of Asian businesses, according to a new survey by Thomson Reuters.  At the same time, at 51%, Asia recorded the highest proportion of respondents who said that technology disrupters could be a direct threat to their business model; with 42% of European and 47 % American businesses saying likewise. Thomson Reuters asked ... 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 »