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Data Analytics Governance Gets More Important

BIG DATA Quo Vadis

Everywhere you turn these days there are headlines about the rise of big data and how predictive analytics will usher in a new era of corporate innovation, one that upends the norms for how companies interact with their customers. According to Bloomberg News, data scientists are in such high demand that they’re commanding salaries upwards of $200,000. The article quotes ... Read More »

Human Error Fuels Most Data Breaches

Cyber Hacked 300

Believe all you read in the press and you might be forgiven for thinking that hackers are poised to strike at any moment, however, human error remains the main cause of data breaches, according to the UK Information Commissioner’s Office’s own statistics. A Freedom of Information request made by Egress Software Technologies shows that between the beginning of January and end ... Read More »

BREXIS Impact on UK Data Protection Legislation

UK ICO comment on Brexit

The UK Information Commissioner’s Office (ICO) has published the following on Friday 24th, 2016: “The Data Protection Act remains the law of the land irrespective of the referendum result. “If the UK is not part of the EU, then upcoming EU reforms to data protection law would not directly apply to the UK. But if the UK wants to trade ... Read More »

How the ‘Brexit’ Impacts U.S. Companies

Union Flag brexit button free reuse

Right up to Thursday’s vote in the United Kingdom regarding whether or not to leave the European Union, there was a confidence that cooler heads would prevail and the U.K. would remain in the EU.  The vote was close, as expected, but the British are no longer part of the European Union. In addition, Prime Minister David Cameron announced plans ... Read More »

Will FinTech Risk Models Have “Unintended Consequences”?

Fintech Quo Vadis

In light of the LendingClub scandal we find FICO’s discussion about the ‘unintended consequences’ most appropriate.  Here is what FICO had to say about this subject: “Last month the President of the San Francisco Federal Reserve Bank addressed the LendIt USA conference here in San Francisco. He talked about “unintended consequences” and the role regulators play in protecting wider economic interests. “I ... Read More »

Lenddo and CRIF Partner to Offer Unique Credit Scoring Solution to Rural and Savings Banks in the Philippines

CRIF & Lenddo Philippines

The service uses non-traditional data to complement bureau data and to offer the first cloud-based credit decision service for lenders in the Philippine market. Lenddo, the Singaporean-based leading provider of credit scoring and identity verification using nontraditional data, and CRIF, the leading provider of banking credit information with a new credit bureau license in the Philippines, has announced a partnership ... Read More »

Do You Know If You have been Hacked?

Cyber Hacked 300

Twelve percent of banking CEOs say they do not have insight into whether their institution’s security has been compromised by a cyber-attack in the past two years, according to KPMG. Their survey also shows that there is a clear disconnect between how the C-Suite views cyber security versus the next tier of executives. KPMG surveyed 100 bank executives – representing banks ... Read More »

Dun & Bradstreet and the Latino Coalition in Partnership

D&B and Latino Coalition

Alliance Designed to Provide Education and Tools to Help Support Latino-Owned Small Businesses Across the Country Dun & Bradstreet and The Latino Coalition(TLC) announced a partnership aimed at bringing Dun & Bradstreet’s research, services and tools to thousands of The Latino Coalition’s members.  The partnership will kick off at the Annual Latino Coalition Small Business Summit on June 15, 2016. “The Latino Coalition is a leading national, ... Read More »

FinTech Startup: SnapCard

Payment Systems SNAPCARD 100

FinTech Startup:  SnapCard www.snapcard.io San Francisco, CA What it does: SnapCard’s mission is to help consumers and merchants understand the value of accepting digital currencies by rethinking the way that they purchase and accept bitcoin. Why it’s hot: SnapCard was founded in 2013 and is on track to be the largest mover of bitcoin. They are re-inventing the way that merchants accept ... Read More »

LiveRamp Integrates With Facebook Offline Conversions API

Acxiom Logo 100

LiveRamp, an Acxiom company, now integrates with Facebook to enable marketers to connect Facebook advertising campaigns with offline sales transactions taking place in stores, branch offices, contact centers, and other brick-and-mortar locations. Building on existing capabilities to onboard offline first- and third-party data for targeting through Facebook Custom Audiences, LiveRamp can now enable clients to securely onboard their sales transaction ... Read More »

Default on Export Invoices Ticks Up in Eastern Europe

Atradius 150

Trade credit risk from foreign late payment on the rise in Eastern Europe, Atradius survey reveals Liquidity position of businesses in Eastern Europe challenged by foreign late payment Exposure to trade credit risk from export invoices increased by 19% on annual basis 20% of respondents in the region concerned about worsening DSO over next 12 months  The Eastern European economy ... Read More »

CRIF Supports Ongoing Collaboration for Leading UK Life Insurers

CRIF 100

CRIF Decision Solutions successfully upgrades the Elixir 2000 risk management solution to support ongoing information sharing between the life insurance user community and compliance with FCA reporting regulations. Elixir 2000 is used by a closed group of 13 leading UK life insurers to enable them to electronically report commission debts to the Financial Conduct Authority [FCA] to comply with statutory ... Read More »

FinTech Startup: Stripe

Payment Systems stripe

FinTech Startup: Stripe www.stripe.com San Francisco, CA What it does: Stripe is a set of unified APIs and tools that instantly enable businesses to accept and manage online payments. Why it’s hot:  Stripe is a developer-focused, instant-setup payment platform that can scale to any size. Stripe powers so many new businesses, it’s a snapshot of how the internet is changing; many users ... Read More »

Baidu, Tencent and JD.com to Purchase Bitauto shares

Digital Marketing Automotive China

Baidu, Inc., China’s leading search engine, Tencent Holdings Limited, a provider of integrated Internet services in China, and JD.com, Inc., a major company of online direct sales in China, jointly announced that each company will invest US$50 million in Bitauto Holdings Limited, a leading online marketing services provider serving the automotive industry in China. The three companies each agreed to ... Read More »

Cyber Risk: Less Than a Quarter of Businesses Are Ready To Resist A Cyberattack

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On average, only 23% of organizations are capable of responding effectively to a cyber-incident. This is especially bad for companies in the retail and hospitality sectors, which were the top-attacked verticals in 2015. That’s the word from NTT Group’s annual Global Threat Intelligence Report, which found that not only do 77% have no capability to respond to critical incidents, but that the ... Read More »

Experian Cited in Mobile Fraud Management Solutions Report

Experian Fraud Prvention

Forrester cites Experian as having the most capabilities and one of the highest estimated revenues in total fraud management Experian® announced that it has been included in Forrester’s 2016 “Vendor Landscape: Mobile Fraud Management Solutions*” report, and listed as having nine out of a possible 10 capabilities needed to combat mobile fraud. In addition, Experian was cited as having one ... Read More »

Fitch Assigns new Ratings to Cerved Credit Management Group

Cerved Logo200

Cerved Information Solutions S.p.A. (MTA: CERV) – parent holding company of the Cerved Group, is pleased to announce that on 16 May 2016 Fitch Ratings has assigned Cerved Credit Management Group S.p.A. (“CCM”) Italian Residential and Commercial Mortgage Special Servicer Ratings at ‘RSS1-‘ and ‘CSS1-‘, respectively. CCM is controlled by Cerved Group S.p.A. which is in turn 100% controlled by ... Read More »