Dear Members,

The BIIA Newsletter April II – 2022 is posted on the BIIA website.  To download the document please click on this link:  BIIA Newsletter April II – 2022 Issue

Count down towards the BIIA 2022 Biennial Conference. Just in time for the conference, Singapore has removed many restrictions which would have caused a reduction in seating capacity and the number of people able to engage in networking.   With less than one month to go we are now close to reaching seating capacity, with over 130 registrations (see chart on page 2 of this newsletter).  Thus, if you still want to join us you need to register immediately.

For those who are interested in company results it is the quarterly reporting season and quite a number of key industry players have released their Q1 earnings:

GBGroup issued their preview of expected results for their year ended March 31st, 2022 indicating a 10.5% organic growth.  Equifax reported 12% growth, which is its 9th consecutive quarter with double digit growth.  Its Workforce solutions business grew 33%.  TransUnion was buoyed by its recent acquisitions reporting a 32% Q1 growth; organic growth was 13%. FICO’s results were 7.8% for the quarter.  Moody’s overall Q1 results were down by 5% against an exceptionally strong Q1 2021.  Moody’s Analytics grew at 23%. 

Late Breaking News:

  • BIIA 2022 Biennial Conference – May 23rd to 25th 2022 in Singapore – Over 130 Delegate are attending
  • GBGroup Pre-close Trading Update – Revenues for Year ended March 31st, 2022 expected to be Pounds Sterling 242 million
  • A 44 bn Investment in the Interest of Freedom of Speech – Elon Musk Buys Twitter
  • A Win for Financial Inclusion: Nova Credit’s Cash Atlas
  • Biden Administration Urged to Consider Federal Digital Identity Framework

Member News:

  • SDA Bocconi and CRIF Launch the “REPAiR” Laboratory
  • Equifax Q1 2022 Revenue Up 12% – Ninth Consecutive Quarter of Double-Digit Revenue Growth
  • Equifax and Fiserv Partner to Advance Digital Commerce with Data
  • Supply Chain Risk Management: Equifax and Interos Partnership
  • TransUnion Q1 2022 Revenue Up 32% – Organic Growth 13%

Industry News:

  • FICO Q2 2022 Revenue Up 7.8%
  • Moody’s Corporation Q1 2022 Revenue Down 5%
  • Moody’s to Acquire Class, Expanding Presence in Peru’s Domestic Credit Market
  • Liminal Projects the Market for Reusable Digital Identity to Soar to $266.5B by 2027, with a CAGR of 69%

Credit Bureau News:

  • Credit Information Corporation of Philippines Directive

We thank our sponsors for their generous contribution towards the BIIA 2022 Biennial Conference.  We thank those who contribute monthly content for our website and the newsletters.

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