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Trade Credit Risk Climate: Number of Business Insolvencies Peak in 2016

Despite increased claims core markets remain soft due to an ongoing growth in volumes of insured business Members of the International Union of Credit and Investment Insurers (Berne Union) and the International Credit Insurance and Surety Association (ICISA) have signalled high levels of claims for 2016 in the latest joint industry member survey. Data trends suggest a peak, with claims ... 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 »

GTR Asia Trade & Supply Chain Finance Conference 2017

JW Mariott Hotel, Hong Kong – April 19th, 2017 Hong Kong offers a business-friendly environment and unrivalled connectivity to global, regional and the mainland China markets, making it an ideal host for the GTR Asia Trade & Supply Chain Finance Conference 2017. Returning for its third year, the conference will continue to build on its reputation as a key networking ... Read More »

Cerved and SACE Announce Agreement for Credit Recovery

SACE (CDP Group) and Cerved join their credit recovery expertise and announce the finalization of a collaboration agreement to offer companies more effective services in Italy and abroad. Through this agreement, the two companies will provide their respective clients the foreign credit recovery services developed by SACE and the domestic credit recovery services developed by Cerved Credit Management. “We are ... Read More »

Compliance:  Protect Your Reputation, Make Smarter Decisions and Reduce Friction While Performing Due Diligence on Customers

Confidently acquire the right business customers with Business Compliance InsightTM, a comprehensive report that aggregates key sources for Customer Identification Programs Companies that need to evaluate merchants, suppliers or customers must face the real threat of mistakenly acquiring customers that engage in identity theft schemes, money laundering or funding terrorism. To help these companies meet multiple Know Your Customer (KYC) ... Read More »

Australian Privacy Actions: ABR Gazette Change, February 2017

The ABR Gazette is a subscription-only commercial information service, collating public record information on companies and individuals such as insolvency, bankruptcy and court data relating to debt. The cover of the ABR Gazette includes the terms and conditions of use, restricting it to the assessment of credit risk Veda has agreed to amend the ABR Gazette in the next three ... Read More »

GTR Asia Trade & Supply Chain Finance Conference 2017 – Hong Kong April 19th 2016

Hong Kong offers a business-friendly environment and unrivalled connectivity to global, regional and the mainland China markets, making it an ideal host for the GTR Asia Trade & Supply Chain Finance Conference 2017. Returning for its third year, the conference will continue to build on its reputation as a key networking forum for leading trade and supply chain finance specialists ... Read More »

Country Risk Climate: Trade Finance Falls Victim to China’s Capital Controls

According to an article published by Global Trade Review (GTR), cross-border trade finance between Hong Kong and China is being hit by Beijing’s capital controls, with government intervention making it “impossible” to get money out of the country. The Chinese government has made both formal and informal moves to limit the amount of foreign currency that can leave the country, ... Read More »

Dun & Bradstreet Launches Newest Edition of its Next-Generation Risk Management Solution

Less than a year after introducing D&B Credit, Dun & Bradstreet’s next-generation risk intelligence platform, the company introduces D&B Credit Advantage, the newest edition to the comprehensive suite of solutions.  D&B Credit Advantage allows customers to integrate their accounts receivable data with leading data and analytics from Dun & Bradstreet, giving users a newly-enhanced, holistic view of their accounts portfolio to assess and manage ... Read More »

CRIF Germany Launches CREDITY, a new B2B Credit Management Solution

CRIF has launched CREDITY, the new B2B Credit Management Solution (SaaS) for the non-finance service sector. CREDITY is an optimized decisioning & collaboration web tool for international credit management that companies can use for the daily management of their business customer portfolio.  The key benefits are: Fast & easy onboarding (no customization projects required) Cutting edge user interface (“strong UX”) ... Read More »

Australian Risk Climate: Positive outlook for business as credit demand climbs (December 2016 quarter)

Overall business credit applications rose +4.0% (vs December quarter 2015) Growth in business loan applications rose +5.7% (vs December quarter 2015) Rate of growth in trade credit applications and asset finance also rose (vs December quarter 2015) The Veda Quarterly Business Credit Demand Index – measuring applications for business loans, trade credit and asset finance – saw applications rise at ... Read More »

USA Risk Climate: Optimism among Small Business Owners Highest in over a Decade

Notwithstanding the concern expressed by the G20 and B20 Forums about the general lack of prosperity of SMEs, the news from the United States is encouraging as reported by the National Association of Credit Management (NACM). Expectations for better business conditions among small business owners are at their highest since 2004, according to the National Federation of Independent Businesses’ (NFIB) ... Read More »

Russian Risk Climate:  The Small Business Community Anticipates a More Effective Government Support

Preferences appear not to be the same for everyone.  People within the small business community cite the following reasons of their grievances:  Tightening of credit and the impact of sanctions, but in the first place they point to the low efficiency of state support measures.  According to information provided by small business owners, most often the new support measures are ... Read More »

Credit Managers’ Index Ended Year 2016 on an Upbeat Note

The reading for the combined CMI jumped up from 52.9 to 54.1, the third-highest reading seen this year. In April, it  hit 54.6 and in March it  was at 54.3. Last month’s 52.9 was the fourth-lowest reading in the last 12 months.  The news was similarly positive in both the favorable and unfavorable index readings. The favorable score last month ... Read More »

Contribution of Advanced Credit Reporting System to Financial Inclusion and Financial Stability

According to an age old maxim credit and credit reporting are intertwined.  Economic growth is reliant on a well-functioning credit system providing access to credit to individuals and businesses.  Access to credit however hinges on the availability of accurate, reliable and timely information.  Without such information there will be no economic growth. Ömer Kayhan Seyhun, Senior Specialist at the Central ... Read More »

EU Study: Small Businesses Increasingly Confident About Access to Finance

EU Publishes “Survey on the Access to Finance of Enterprises” (SAFE). The Survey was published on: 30/11/2016 Key Findings: Small businesses from the EU are increasingly confident about their access to finance, according to a joint survey published today by the European Commission and the European Central Bank. Access to finance is the least pressing problem in general and businesses’ demands ... Read More »

China’s National Development and Reform Commission (NDRC) and Alibaba to Build Credit System for SMEs

China’s top economic planner, the National Development and Reform Commission has teamed up with Alibaba to build a national credit system for small- and medium-sized enterprises. Millions of transactions take place on China’s largest e-commerce platform Alibaba every day leaving a trail of data.  The data will be integrated in a platform to promote credibility and transparency of SMEs in ... Read More »