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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 »

Tracking Changes in Small Business Risk Profiles Challenges Lenders

LexisNexis Risk Solutions launches LexisNexis® Small Business Monitoring that checks for targeted, material changes and updates  LexisNexis® Risk Solutions has identified a growing trend among lenders that serve small businesses—namely, the difficulty of tracking changes in the status of their risk profile.  A suite of products, including Small Business Monitoring, assists lenders with client account management by monitoring for changes in ... 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 »

Country Risk Climate: Asian Payments Situation Worsens

Companies in Asia are facing more overdue payments as the macroeconomic problems facing the region filter through the supply chain. In China, 80.6% of companies experienced overdue payments in 2015, with the the value of outstanding debt rising by 58.1% from 2014. In its annual corporate payments survey of Asia Pacific, credit insurance firm Coface quizzed 2,793 companies in eight ... Read More »

TINUBU SQUARE LAUNCHES TINUBU CREDIT INSURANCE SUITE CORE EDITION

Tinubu Square puts its know-how at the service of insurance start-ups Tinubu Square, the leading expert in trade credit risk management solutions for trade credit insurers and businesses, has announced the launch of a new version of its Credit Insurance Suite, aimed specifically at the needs of emerging credit insurance and reinsurance businesses.  The Tinubu Credit Insurance Suite Core Edition ... Read More »

The Russian Bankruptcy Process Appears to Lose Effectiveness

Credit Risk Prevention: Verification is Better than Court Proceedings The current bankruptcy law has turned out to be untenable. The ability to recover assets through court action is constantly decreasing, the measures for financial rehabilitation do not work. The only effective way to protect assets is to check and monitor business partners.   Less bankruptcies, more outstanding claims:   According ... Read More »

Alibaba Makes Its First FinTech Investment In Hong Kong

Alibaba has expanded its investment portfolio in Hong Kong and has chosen Qupital to be its first FinTech investment in the city.  Qupital has just secured a seed investment round of $2 million, led by MindWorks Ventures and Alibaba Entrepreneurs Fund, with co-investment from DRL Capital, Aria Group and several other investors. The funding will be used to enhance its ... Read More »

Moody’s Analytics to Acquire Bureau van Dijk – Changing the Competitive Landscape in Commercial Credit Information

Moody’s Corporation (NYSE:MCO) announced that it has entered into a definitive agreement to acquire Bureau van Dijk, a global provider of business intelligence and company information, for €3.0 billion (approximately $3.27 billion). The acquisition extends Moody’s position as a leader in risk data and analytical insight. Highlights: Builds on Moody’s role as a global provider of credit risk measures and ... 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 »

B20 Policy Recommendations: Shaping an Interconnected World

On May 3rd, 2017, the B20 has officially handed over its Policy Recommendations to German Chancellor Angela Merkel at the B20 Summit in Berlin. The recommendations are the product of a yearlong process of our seven Taskforces and Cross-thematic Groups, which comprise over 700 members from all G20 economies with BIIA being part of it. Developed under the theme “Building ... Read More »

Atradius Net Profits for 2016 are up 19%

Atradius Reports Continued Strong Contributions Across the Group Total income increased by 3% (3.3% at constant foreign exchange rates) Gross insurance result improved 15.5% to EUR 370.4 million Investment result rose 24.9% to EUR 45.0 million Net profit increased 18.8% to EUR 211.8 million Shareholders’ equity increased 8.4% to EUR 1,625.5 million Atradius’ aim is to lead our customers into ... Read More »

Equifax Canada Empowers Businesses to Arrive at better Credit Decisions Faster, with Risk Reveal

Equifax Canada® announced the launch of Risk Reveal, the only solution in the Canadian market which leverages both commercial and consumer intelligence for a robust and predictive view of a company, as well as its owners. Combining the depth of two credit databases in one solution, Risk Reveal brings together credit scores, credit data, legal actions, and collections data for ... Read More »

Equifax Cloud-Based InterConnect® Platform Transforms Credit and Risk Decisioning, Receives Robust Review from Industry Expert

Equifax Inc. announced its redesigned platform, InterConnect®, was reviewed by leading decision management consulting firm, Decision Management Solutions. Created to revolutionize the industry standard for accuracy and speed-to-market, InterConnect empowers frontline business users through a modular insights environment that defines, automates and deploys decision strategies with more speed and agility than ever before. “Building on Equifax data and insights as the foundation, the ... Read More »

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

BIIA Biennial Conference 2017

BIIA invites its members from the business and credit information industry, users of information services, government policy makers and regulators 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, Bangkok Thailands October 18, 2017: 13:00 hrs:  Registration opens 17:00  hrs: Membership ... Read More »