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EU Data Protection Regulations Compliance: How Good is Your Compliance?


Regulatory Strategies is seeing an increased awareness in clients looking to assess their current data protection compliance position and look at a gap analysis between where they are now and where they will need to be under the new EU data protection regulation. To help with this regard Regulatory Strategies have developed two new tools: An update to our ‘Health-check’ ... Read More »

Alternative Data Legislation Reintroduced in Congress

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In a recent report, the Consumer Financial Protection Bureau (CFPB) estimated there that are more than 45 million “credit invisible” consumers in the US. This means that they either have no credit history or a credit file too thin to receive access to mainstream credit products.  This issue is not just for those making consumer loans, as it can also ... Read More »

California Regulator Announces Inquiry into Online Marketplace Lenders

California Department of Business Oversight

The California Department of Business Oversight (DBO) announced an inquiry into the growing marketplace lending industry. The DBO sent letters seeking data and information from 14 online marketplace lenders operating in California.  The inquiry in California follows several federal policymakers—including the US Treasury, Congress and Federal Trade Commission—that have reviewed potential consumer protection concerns related to the growing market segment. In its ... Read More »

TransUnion Acquires Colombian Credit Bureau CIFIN

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Acquisition builds on TransUnion’s strong presence internationally and in Latin America TransUnion has acquired a 71% ownership interest in CIFIN (Central de Informacion Financiera), one of two primary Colombian credit bureaus. Colombia is one of the largest Latin American economies and has been experiencing strong growth and the rapid development of an emerging middle class. TransUnion is a market leader ... Read More »

Experian Survey: Consumers Find Balance Between Cyberspace Risks and Benefits

Experian Cyberspace Risks and Benefits

New survey from Experian reveals that people understand the hazards but don’t plan to stop using their gadgets anytime soon The survey found that consumers appreciate how much technology has improved their lives, but the risk of their personal information being exposed certainly is on their minds. Most consumers (83 percent of survey respondents) agree that technology has enhanced their ... Read More »

Bankruptcies and Registrations in Russia – Dynamics 2015

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According to the Federal Tax Service of the Russian Federation, the Body registering legal entities, over 11.200 companies were declared bankrupt and dissolved in 2015. It’s is 7,7 per cent higher than in 2014 when about 10.400 legal entities were declared bankrupt and  liquidated for the same reason. The main reasons for dissolving in 2015 were as follows: decisions of ... Read More »

Australian Risk Climate: Personal loans drive strong growth in consumer credit demand

veda Consumer credit demand index

Overall consumer credit applications up +9.7% (vs December quarter 2014) Growth in credit card applications steady at +7.5% (vs December quarter 2014) Personal loan applications rise +11.9% (vs December quarter 2014) Growth in mortgage applications eases to +2.9% (vs December quarter 2014) Released recently, the Veda Quarterly Consumer Credit Demand Index, measuring the volume of credit card and personal loan applications, ... Read More »

Thomson Reuters Unveils New Platforms for E-Discovery and Legal Research

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Thomson Reuters Unveils New Platforms for E-Discovery and Legal Research and Offers Glimpse of New AI Product Using IBM’s Watson At what was billed as an Innovation Summit in its Times Square headquarters Thomson Reuters Legal briefed journalists, bloggers and analysts on two products it is unveiling at Legaltech New York this week and also offered tantalizing hints of a ... Read More »

The Tech Revolution Will Change Or Even Erase Your Job


If you’re in computer science, engineering or math, the news isn’t so grim The Fourth Industrial Revolution is under way and while it could lead to the loss of more than 7 million jobs over the next few years, it also should add jobs in the fields of computer science, math and engineering. The global workforce is expected to go ... Read More »

Australian Risk Climate: Continued Growth in Business Credit

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Veda Quarterly Business Credit Demand Index: Growth continued in business credit for December quarter (December 2015 Quarter) Overall business credit applications rose 3.0% (vs December quarter 2014) Asset finance and business loan applications improved, but trade credit weakened (vs December quarter 2014) Growth in asset finance and business loan applications compensated for ongoing contraction in trade credit The Veda Quarterly Business ... Read More »

The Irish Tax Institute has Opted for MarkLogic for its TaxFind Database Service

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The Irish Tax Institute has chosen a NoSQL database technology to accelerate searches on its TaxFind database service. Martin Lambe, chief executive of the institute, said the MarkLogic database that replaced its previous, bespoke database, is “amazingly fast”, with sub-second response time.  “Our users need that. Tax professionals are on the go and working all hours, in all places around the world, ... Read More »

Euclid Analytics Closes $20 Million Series C Funding

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Location Analytics Leader Aims to Bring Retailers a Complete View of Customers Across Online and Offline Channels Euclid Analytics, a leader in location analytics, announced it has closed a $20 million Series C funding round, led by Cox Enterprises. Participation in the round includes new investors Groupe Arnault, the controlling shareholder of LVMH – Mo�t Hennessy Louis Vuitton, the world ... Read More »

EU-US Safe Harbor Framework Replaced by EU-US Privacy Shield

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The European Commission and the United States have agreed on a new framework for transatlantic data flows: the EU-US Privacy Shield. Today February 2, 2016, the College of Commissioners approved the political agreement reached and has mandated Vice-President Ansip and Commissioner Jourová to prepare the necessary steps to put in place the new arrangement. This new framework will protect the fundamental rights of ... Read More »

Safe Harbor: No deal yet for EU-US data transfers

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Věra Jourová, European Commissioner for Justice, addressed the European Parliament’s LIBE Committee yesterday evening, 1 February, to inform the MEPs of the state of play in the negotiations. “Negotiations are still ongoing, including at the political level. There have been very intensive discussions at the weekend. The College [the 28 EU Commissioners] will discuss the matter tomorrow [2 February], so ... Read More »

Cyber Security:  Hefty Fine Over False Encryption Claims

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Dental software provider Henry Schein Practice Solutions has agreed to settle with the U.S Federal Trade Commission (FTC) over charges it misled customers on the level of encryption its software provided to protect sensitive patient data. According to the FTC, Schein allegedly falsely claimed its Dentrix G5 software used industry-standard encryption and ensured that users of the product would protect ... Read More »

China Regulator Visits 3ACredit for On-site Evaluation


December 8, 2015- People’s Bank of China, Shanghai Branch leaders visited 3ACredit’s Shanghai office to conduct an on-site evaluation of the Company’s administration practices, internal control systems, business information system safety, and business information collection procedures. The Central Bank recently issued “Credit Institution Regulatory Guidelines”, which requires local Central Bank branches to conduct annual inspections on local credit institutions to ... Read More »