Dear Members.

The Newsletter March I – 2023 Issue is posted on this website.  To download the document, please click on this link: BIIA Newsletter March I – 2023 Issue

Please welcome two new members, IdScore Pefindo of Indonesia and Greenomy, Belgium

In this newsletter you can read about three members, S&P Global, LexisNexis and Equifax who are expanding their automotive verticals. 

In order to provide a Tru™ picture of consumers, TransUnion announces a major rebranding.

There are two interrelated stories about issues concerning supply chain due diligence legislation.  One procurement expert called it  a ‘minefield’ for procurement.  Another ESG compliance expert called for an industry coalition on ethical cobalt sourcing in order to solve environmental problems and to improve working conditions.

From China came the word that personal credit reporting rules have upended the industry. An oligopoly of two licensed personal credit reporting companies are only allowed to process such data which is creating a bottle neck for banks to process loans.  Lenders are cut off from direct access to providers of alternative data. Some bankers believe a rise in bad debt cannot be ruled out.

Late Breaking News:

  • BIIA Welcomes New Members
  • France To Maintain Public Access to Data in the Register Of Beneficial Owners
  • Industry Warns of “Massive Restrictions” from the EU AI Act
  • Bewildering Supply Chain Laws Creating a ‘Minefield’ for Procurement
  • TransUnion HK partners with Baihang Credit to promote financial inclusion in GBA
  • TransUnion Is Ranked as One of the UK’s Best Workplaces™ for Wellbeing
  • S&P Global Mobility Enhances Data and Product Offerings with Acquisition of Market Scan

Member News:

  • LexisNexis Risk Solutions Celebrates 35th Anniversary, Continued Innovation of C.L.U.E. Auto –  A Success Story in Responsible Data Sharing
  • Creditinfo Announces Management Change at Creditinfo Estonia
  • Equifax and Narrative in Partnership
  • TransUnion Makes Strategic Investment in Open Banking Provider Bud
  • TransUnion Announces Rebrand of its Business Solutions with Focus on Providing a Tru™ Picture of Consumers
  • FiinRatings and GGGI Join Hands to Support Local Enterprises Tapping into Green Finance

Industry News:

  • CoreLogic to Acquire Australian Digital Real Estate Marketing Firm Plezzel
  • CoreLogic Acquires Roostify, Expanding Digital Mortgage Capabilities
  • ZoomInfo Publishes 2022 Sustainability Report
  • Microsoft Says Coalition Needed to Tackle Informal Cobalt Mines in Supply Chains
  • Verisign Q4 2022 Revenue Up 8.5%, Full Year Up 7.3%
  • Insights: Top 7 Predictions for the Digital Identity Market in 2023

News from China:

  • How China’s Personal Credit Reporting Rules Upended Industry

Credit Bureau News:

  • Experian UK Analysis Reveals Increase in ‘Buy Now Pay Later’ Usage Across all Ages and Income Bands
  • Experian-Health Announces New AI-Powered Products
  • Experian Adopts Konfir Technology
  • CIC Rolls Out Initial Plan for PHILSYS Id Integration into Ph Credit Information System
  • Credit Information Corporation (CIC) Philippines Launches Webinar Series: Credit Report 101: Unlocking the Value of Your Credit Report

We thank our members for their contribution to this newsletter and their support.

Best regards
Joachim C Bartels,
Director and Editor-in-Chief