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Dashlane and Transunion Form Strategic Partnership

TransUnion Dashlane

Dashlane Raises $22.5 Million in Series C Funding Lead by TransUnion Dashlane, an award-winning password manager and leader in online identity management, announces the closing of $22.5 million in a Series C round of funding. The round is led by TransUnion (NYSE: TRU), and also includes participation from previous investors Rho Ventures, FirstMark Capital and Bessemer Venture Partners. The round ... Read More »

European Central Bank (ECB) Weighs in on Distributed Ledger Tech

Blockchain technology

The European Central Bank (ECB) recently published a thorough exploration of the possible use case for distributed ledger technologies (DLTs) to address the recent fervor surrounding fintech in the banking world. Their conclusions are optimistic and familiar, echoing what experts around the world are saying about the future. The bottom line according to ECB: distributed ledger tech won’t solve every problem that ... Read More »

CIBIL Chooses IBM Security to Strengthen and Protect Critical System

TransUnion India

Credit Information Bureau India (CIBIL), has selected IBM Security to strengthen security and protect their critical business systems from cyber-attacks. Under the agreement, IBM Security Services has developed a customized security operations framework to monitor real-time threats and help CIBIL proactively identify fraud. CIBIL collates this information into reports and information solutions. And provide the information to the banks and ... Read More »

Dun & Bradstreet NZ Welcomes Push for Tax Transparency

NZ Flag

Dun & Bradstreet New Zealand supports the Inland Revenue Department (IRD) and The Treasury of New Zealand’s proposals to introduce legislation around greater business tax debt transparency to better protect the New Zealand business community. Under the proposals, released by the IRD, businesses with significant tax debts will be disclosed to credit reporting agencies.  The move will give businesses a ... Read More »

Experian Datalabs and Gimbal, Inc. Form Innovation Alliance

Experian

Alliance focuses on breakthrough experimentation on mobile instant credit for retailers and mobile prequalification for car and home loans Experian® announced that its DataLabs in North America and Gimbal, Inc., a leading mobile engagement and location intelligence solution, are working together on breakthrough data and advanced analytics experiments. The announcement was made at Experian’s 35th annual Vision Conference. By leveraging ... Read More »

Myanmar Credit Bureau Committee Awaits Central Banks Regulations

Credit Information Made In Myanmar

Myanmar’s Central Bank is hoping to enact regulation in June that will pave the way for a credit bureau to help the country’s banks better assess risk when making loans and loosen strict collateral requirements.   The Myanmar Bank Association (MBA) has already signed an agreement with the Singaporean firm NSP Holdings to establish a joint-venture credit bureau, according to U ... Read More »

Supply Chain Startup Fluent Raises $1.65 Million in Seed Funding

Blockchain technology

Fluent, a blockchain startup dedicated to supply chain applications, has raised $1.65m in new seed funding. Fluent, which last year raised roughly $850k from a group of investors that included mass media corporation Thomson Reuters and Silicon Valley VC fund Draper Associates, is one of several startups in the blockchain space today working on supply chain applications. The concept of using ... Read More »

New Debt Collection Regulations Introduced in Russia

Russia Debt Collection regulations

The legitimacy of debt collection agencies activity has been discussed in the State Duma of the RF for a long time.  This situation was finally brought to a conclusion on March 23rd, 2016 with a new law regulating the activities of the debt collection industry. On February 18, 2016 at the initiative of the Chairmen of both Chambers of the ... Read More »

Google to Ban Payday Loan Ads from July 2016

Google-sign 300 -r159716_582871

Google has announced an update to its AdWords terms and conditions that will ban advertising for some lending products on Google. The update will go into effect on July 13 this year, at which point the Internet giant will ban payday loans and other predatory financial “services” from its online channels. These include loans with repayment dates that fall within ... Read More »

Powerlinx Launched the Partnership Resources Hub for Small Business

Powerlinx200

A new Unique Small Business Database in the Making! Powerlinx launched The Partnership Resources Hub for Small Business to celebrate the achievements of entrepreneurs everywhere. This education library is rich with knowledge to help small businesses better plan strategic partnerships. EY recently concluded that partnerships are on the rise, largely due to a slowing economy and recent innovation concerns. We’ve ... Read More »

One Massive Hack Last Year – Nobody Noticed!

Cyber Hacked 300

Hackers last year quietly stole a database containing the details of over 57 million people. The breach has only come to light this week, after the stolen data was put up for sale on the dark web. The breach data contains data spanning three years between 2012 and 2015, including usernames, email addresses, and passwords that were hashed with the ... Read More »

South Korea Enacts Stricter Penalties for Data Protection Violations

South Korea Regulations

South Korea has enacted stricter penalties for violations of data protection or privacy requirements by telecommunications and online service providers, including potentially steep damages in the wake of a data breach. The amendment (the “Amendment”) to South Korea’s Act on the Promotion of IT Network Use and Information Protection (“Network Act”) became law on March 22, 2016 and will become ... Read More »

Avention: Corporates Expect Account-Based Marketing to Help Drive Growth in 2016 and 2017

Aventiomn One Source 100

A survey of over 100 companies by Avention, the maker of OneSource® Solutions, has shown that account-based marketing (ABM) techniques are the preferred approach for corporates focused on B2B sales and marketing. 86% of the organisations polled are confident that employing account based marketing techniques will positively impact their growth in 2016 and 2017. 90% of respondents said that ABM, ... Read More »

China to Improve Credit Reference Service

Credit Informaiton Regulations in China

Yang Ziqiang, Assistant Governor of the People’s Bank of China.China, recently stated that China will upgrade the credit reference system by introducing more monitoring.   More should be done to protect those who have shared their credit information, and guard against conflicts in sharing such information, Yang was quoted as saying by a bank statement. By the end of last ... Read More »

Hacker Puts up 167 Million LinkedIn Passwords for Sale

Cyber Hacked 300

LinkedIn confirms hacker has put up 167 million LinkedIn Passwords for sale. In 2012, LinkedIn suffered a massive data breach in which more than 6 Million users accounts login details, including encrypted passwords, were posted online by a Russian hacker.  Now, it turns out that it was not just 6 Million users who got their login details stolen. Latest reports emerged that ... Read More »

Bertelsmann Invests in Indian Fashion Social Network Roposo

Bertelsmann-300x195

Bertelsmann acquires a stake in Roposo, a mobile first social network focused on fashion. The company founded in 2014 has built a platform on which users share and discover content around fashion and lifestyle as well as shop products from across 500 web stores and 5,000 brands. India is one of Bertelsmann’s strategic growth regions alongside Brazil and China. Pankaj ... Read More »

Experian India Unveils Fraud Detection Mechanism

Experian Hunter Fraud Score India

Experian launched the ‘Hunter Fraud Score’, a new scoring mechanism that measures the probability of fraud in a credit application across banking and insurance industries. The new score will help retail finance providers and insurance companies in India significantly increase their efficiency in fraud detection. Businesses will be able to identify applications that should be screened for potential fraud, and ... Read More »

The LendingClub Scandal

Lending Club Scandal

Changes in loan application dates, ineffective internal control systems and conflict of interest got CEO Laplanche fired.  Business model now in peril. LendingClub, which was seen until last week as the gold standard in FinTech startups, had its shares plunging 51 percent last week after the surprise departure of Chairman and CEO Renaud Laplanche and the disclosure of faulty internal ... Read More »