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Alibaba Group Restructures Loan Division

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Alibaba Group has announced the company’s completed restructured relationship with Zhejiang Ant Small and Micro Financial Services (Ant Financial) – now officially parent company of Alipay and Alibaba’s small- and medium-sized enterprise (SME) loan business. Alibaba Group and Ant Financial first agreed on a purchase agreement prior to Alibaba’s IPO in September 2014. The restructuring sees Alibaba reduce its risks ... Read More »

Digital Future: UK Government is preparing for Robot Takeover

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A report released by the House of Lords Select Committee on Digital Skills has called on the incoming government to take seriously the impact of robots to the British economy.  The report, Make or Break: The UK’s Digital Future warns that automation could put 35% of UK jobs at risk over the next 20 years. Workers at most risk include those working in ... Read More »

Central Bank of Ireland Has Selected CRIF as Partner to Operate the Central Credit Register

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The Central Bank of Ireland has selected CRIF SpA as its partner to establish and operate the Central Credit Register (CCR).  Contracts have been signed with CRIF Ireland Limited, a wholly owned subsidiary of CRIF SpA. ​The Central Credit Register (CCR) is a database of personal and credit information to be created by means of a national mandatory credit reporting ... Read More »

Penton’s EquipmentWatch Launches EquipmentWatch Intelligence

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Penton’s EquipmentWatch, a world leader in heavy equipment research, and the leading provider of database information products for the heavy equipment industry, has announced the launch of EquipmentWatch Intelligence.  Hosted at http://www.equipmentintel.com, the new content arm of EquipmentWatch is focused on providing data-driven insights and analysis for contractors, governments, sellers and renters as well as finance and insurance professionals who ... Read More »

Salesforce.com Is Bringing Greater Analytics Functionality To Mobile Devices

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Salesforce.com revealed three new capabilities Wednesday that will extend Wave, the CRM giant’s recently released cloud analytics platform, to mobile devices.  The upcoming Wave release, set to go live in March, focuses entirely on mobile innovation with features designed specifically for smartphones that allow users to access, integrate and visualize data generated by Salesforce and partner applications. The three new ... Read More »

Outsell’s BrainGain Event – Singapore May 2015

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  Your Path to Expansion in Asia Begins Here   Entering a new market takes planning, strategy, and adaptability — and there is no “one right answer” in our fast-moving global media and information industry. The pressure is enough to keep even the most seasoned leader up at night. That’s why Outsell and BIIA, the leading business information industry association ... Read More »

Are Your Board Members a Security Risk?

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Thomson Reuters Survey Reveals Increased Cyber Security Risk to Boardroom Communications.  Annual corporate governance survey reveals company boards lack security structures to protect board information  Thomson Reuters surveyed more than 200 corporate and company secretaries across Europe, the Americas, Australia, Asia, Africa and the Middle East to canvass their views on some of the key challenges faced by the board ... Read More »

Country Risk Climates:  Trends to Keep an Eye On

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Botswana – lower interest rates; Czech Republic – speculation that the FX cap may come off; Indonesia – reverse course for interest rates; Mexico – keeping an eye peeled on US trends. ARGENTINA:  The President’s final months in office are promising to be even more turbulent than her administration has been to date, overshadowed by debt and economic problems and ... Read More »

Microsoft Acquires Equivio – a Provider of Machine Learning Technology

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Microsoft has acquired Equivio, a provider of machine learning technologies for eDiscovery and information governance.  Microsoft is making this acquisition to help customers tackle the legal and compliance challenges inherent in managing large quantities of email and documents. Businesses and governments around the world generate enormous volumes of data every day. Sifting through that data to find what is relevant to ... Read More »

Veda launches VedaScore VedaScore Apply®

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New Service helps credit providers minimise risk, maximise approval rates and ease transition to comprehensive reporting Veda, a leading provider of credit information and analysis in Australia and New Zealand announced the launch of VedaScore Apply®, a new service designed to help lenders better assess the risk profile of individuals applying for a loan. VedaScore Apply® leverages the new comprehensive ... Read More »

Peer to Peer Lending

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In the banking context, peer-to-peer lenders are still “alternative” and they still represent a very small part of the overall lending pie, but with the recent news that Union Bank is going to front end part of their lending with Lending Club one starts to wonder how mainstream these lenders are getting. With advances in technology and the ability mine ... Read More »

Country Risk Climates: TRENDS TO KEEP AN EYE ON

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Kazakhstan – headed for the next devaluation? Paraguay – credit rating upgraded; Sweden – an unprecedented credit and monetary stimulus; Venezuela – yet another “new” FX market. DENMARK: The Kingdom is still battling forces trying to separate the krone from the euro, and for now it should be able to hold the line. The interesting thing is that if the ... Read More »

FICO Announces New Data Management Platform

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FICO Data Management Integration Platform analyzes data in stream to accelerate timely and actionable insights and decisions FICO announced the launch of FICO® Data Management Integration Platform, a streaming analytics and real-time distributed processing platform that ingests, normalizes, correlates and distills Big Data as it is being generated. FICO Data Management Integration Platform provides a solution to deliver timely and actionable insights to ... Read More »

June Gains One Second in 2015 and Will Have 86,401

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With Earth’s rotation speed slowing down at the rate of around two thousandths of a second per day, time keepers over at the International Earth Rotation Service (IERS) in Paris have announced that they will be adding one extra second on June 30 to compensate for the Earth’s slowing rotation. So what are you going to do with the extra ... Read More »

Credinform (Russia) Expands Data Coverage

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BIIA Member Credinform (Russia) has expanded coverage of company records in its Information and Analytical System GLOBAS-i®: In addition to company records in its Russian database (data on 9 million companies + 7 million individual entrepreneurs), Kazakhstan and Ukraine, it has added company records from Belarus.  The data is now available online. Over 150 000 Belarus company records were added to ... Read More »

Amazon Starts Email Service for Companies

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Amazon.com Inc. started out delivering books to your doorstep.  Now it also wants to deliver email to your office inbox. Amazon announced an email and electronic calendar service called WorkMail that is aimed at grabbing a slice of the corporate-email market largely controlled by Microsoft Corp. and to a lesser extent Google Inc. The new email service is the latest chapter in Amazon’s transformation from ... Read More »

FICO and TransUnion Renew Agreement to Provide FICO® Scores to U.S. Financial Institutions and Businesses

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Long-term agreement gives lenders flexibility in making the best risk management decisions for their businesses FICO and TransUnion today announced a renewed multi-year agreement to provide FICO® Scores to the U.S. banking community. TransUnion will continue reselling FICO Scores and provide FICO access to its consumer data for the purposes of developing and marketing new analytics that will meet the changing requirements of businesses. As part ... Read More »