BIIA News SliderDear Members,

The BIIA Newsletter July I – 2016 Issue is posted on this website.  To download the document please click on this link: BIIA Newsletter July I – 2016 Issue

Late Breaking News:

  • Transparency at Bay: Comprehensive Consumer Credit Reporting Reforms Act to Overhaul Credit Reporting in the USA
  • UK Insurers want a Comprehensive Cyber Attack Database: Who from our Industry will Step up to the Plate?

Member News:

  • Serasa Launches Free Online Credit Check for Consumers
  • Experian and Freddy Mac Provide Increased Transparency for Investors
  • Experian and Neustar Partner to Offer Best-in-Case Omnichannel Onboarding with Omnichannel Activation
  • Thomson Reuters Partner with FinTech SuperCharger Accelerator in Hong Kong
  • Thomson Reuters Alignment with Singapore Banks’ KYC Practice
  • Creditreform Reports Decline in 2015 Domestic Revenue of 3% – Consolidated Revenue Down 1.5%
  • Atradius Collections Releases Debt Collection Handbook
  • CIBIL Expands into Small and Micro Loans Segment

Industry News:

  • Universal Postal Union (UPU) Publishes Direct Marketing Guide for Developing and Least Developed Countries
  • Bertelsmann Invests US$20 million in Indian FinTech Company Lendingkart
  • Tips from Equifax for Battling Synthetic ID Fraud
  • LexisNexis Risk Solutions Expands Relationship with Duck Creek Technologies

News from China:

  • Alibaba Launches Summit to Address Fake Products
  • Alibaba Group Opens Netherland Office and Announces Local Senior Management Appointment
  • China Issues New Internet Search Rules

Cyber Threat:  Are You Adequately Insured?

  • Cyber Insurance is Changing how we Look at Risk – Avoiding Painful Lessons

BIIA in Action:

Peter Sheerin (Chairman of the BIIA – APCCIS regional committee) represented BIIA at a workshop on SME cross border data transfer involving Mekong river countries.   The IFC (World Bank Group) and ABAC organized a first meeting of the Mekong sub-region credit reporting services providers (CRSPs) in Bangkok on July 4, 2016, with the support of the Business Information Industry Association (BIIA), National Credit Bureau of Thailand, and the Thai Bankers’ Association. The event managed to bring together eight CRSPs from China, Vietnam, Thailand, Cambodia and Lao PDR to seriously discuss how to share credit information for the purpose of trade, investment and cross-border employment.  Follow up meetings are expected and BIIA will inform its members once more concrete plans emerge from the discussions.

BIIA participated in the recent meeting of the International Committee on Credit Reporting (ICCR) in Hangzhou, China, which was followed by a seminar on the Development of the Credit Reporting Industry.  The seminar was organized by the Credit Reference Center of the People’s Bank of China.  The Credit Reference Center is a member of BIIA.

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

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