Dear Members,

The BIIA Newsletter June II – 2017 is posted on this website.  To download the document click on this link: BIIA Newsletter June II – 2017 Issue Final

Please note, there is less than 30 days left to benefit from the ‘Early Bird’ registration for the BIIA 2017 Biennial Conference.  Please register now and book your hotel room.

Late Breaking News:

  • BIIA 2017 Biennial Conference Update: Thai Fintech Association and BIIA Team up for High Level Discussion on the Future of Fintech in Thailand and the Region
  • Closing Keynote: Ant Financial to Present a Review of China’s Fintech Eco-system
  • E-commerce Platforms Threaten Banking, Credit Information and Credit Insurance
  • Salesforce Estimated Market for AI in CRM to Jump from US$7.9 billion in 2016 to US$46.3 billion by 2021
  • BIIA in Action: B20 Issued SME Policy Paper
  • GDPR: A Well-intentioned Concept Hits the Realities of Implementation

Member News:

  • D&B Survey: Risky Business: Trend of Expanding Strategic Role of Financial Leaders Increases Scope for Mistakes
  • Atradius Unveils Atrium – A New Online Credit Management Portal
  • Equifax Releases New Marketing Module on BusinessConnect Platform
  • Equifax to Acquire ID Watchdog, a Leading Identity Protection and Resolution Services Company
  • Forrester Research on US Tech Spending: GDP Growth and Uncertainties Limit Spending Growth to about 5% in 2017 – 18
  • Cortera and LexisNexis Risk Solutions Team up to Provide Lenders with Better Information to Determine Small Business Creditworthiness

News from China

  • Alibaba Makes its First Fintech Investment in Hong Kong
  • Alibaba Turns to Blockchain in Fight Against Food Fraud
  • Apple China in Data Theft Scam
  • China’s Central Bank Vows to Push for Blockchain in Five-Year Plan

Consumer Credit Information

  • Five Reasons Cyber Scoring is the Next Big Idea for Credit Unions
  • PayU and Kreditech in Global Partnership – Machine Learning based underwriting
  • UK Financial Fraud Performance: Fraudsters Circumvent Existing Controls
  • The Future of Lending is Now with Latest TransUnion Prama Offerings
  • Lenders Seeking to Provide Real-Time Credit Online Can Cut Implementation from Month to Weeks with TransUnion Find My offer Solution

There is a discussion under way on the BIIA Network on LinkedIn concerning the E-commerce Platforms Threaten Banking, Credit Information, Credit Insurance and Credit Management:  We look forward to your opinion.

We thank our sponsors for their support of the BIIA 2017 Biennial Conference

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