Dear Members,

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

It is the annual and Q4 2022 reporting season and we waited with this edition until the major industry players had published their earnings reports.  You will notice there is a treasure trove of insights in this issue because quite a lot happened last year and specifically during the last quarter.

Moving out of the pandemic industry dynamics have suddenly changed significantly with the decline in borrowing/lending.  Growth in mortgage and credit rating services have declined sharply reminding us of the effects of the 2007/2009 financial crisis.  One important aspect has become clear.  Those who took the initiative to diversify by entering new markets have been able to offset the decline in traditional credit related business lines.  Consequences can be painful by immediate market reaction. Shares of D&B’s fell 13.9% to 12.29 following D&B’s earnings report.

One should also take note of several announcements concerning company reactions to market realities:  

S&P Global (NYSE: SPGI) and Amazon Web Services (AWS), have announced a new multi-year strategic collaboration agreement.  With AWS as its preferred cloud provider, S&P Global will enhance its cloud infrastructure, accelerate business growth, engineer new innovations for key industry segments, and help their customers navigate rapidly changing market conditions.

Equifax announced in its earnings report: “To respond to the declining mortgage market and uncertain economy, we are accelerating our data and technology Cloud transformation cost savings and executing broader proactive cost actions to deliver $200 million of spending reduction in 2023, including $120 million in expense and $80 million in capital spending reductions.”

TransUnion announced a rebranding initiative which brings together solutions from recent acquisitions and allows customers to better navigate the product portfolio: TruAudience, TruValidate, TruVision, TruIQ, TruEmpower, TruLookup, TruContact. This announcement came in too late for this issue, however you can read it on   

BIIA Webinar:  Please join us on March 15th 2023 at 07:00 Eastern time US, 11:00 UK and 19:00 Singapore to attend the BIIA hosted webinar: “The Role of U.B.O. Information in Protecting Businesses.”  The Webinar is sponsored by BIIA member Worldbox.

Late Breaking News:

  • What Grows? What Does Not?  – A Comparison of Q4 2022 Earnings Releases
  • What Grows? What Does Not?  –  Impact of the Decline in Mortgage Services and Credit Rating on Overall Company Growth
  • S&P Global and AWS to Pioneer Next Generation Technology for Global Markets

Member News:

  • S&P Global Q4 2022 Revenue Up 41%, Full-Year Revenue Up 35%
  • Equifax Full Year 2022 Revenue Up 4%, Record Revenue of $5.122 Billion
  • Equifax Signs Definitive Agreement to Acquire Boa Vista Serviços
  • Cedar Rose Wins the Supplier of the Year Award at CICM British Credit Awards
  • GBG Survey: Growing Fraud Incidents in Asia Driving FIs to Prioritize Technology Risk Management Strategy and Capabilities
  • TransUnion Revenue Q4 2022 Up 14% – Full Year 2022 Up 25%

Industry News:

  • Dun & Bradstreet Q4 2022 Revenue Flat – Full Year UP 2.7%
  • Global Tech Spend Will Slow to 4.7% in 2023 According to Forrester
  • Moody’s Full Year 2022 Revenue Declined 16% and 13% on a Reported and Organic Constant Currency Basis

Credit Bureau News:

  • Equifax Acquires Profile Credit’s Food Industry Credit Bureau
  • Experian Partners with Zopa Bank to Give Customers Better Credit Options
  • FICO Study: 29% of Gen Z Consumers Don’t Have Credit Scores or Don’t Know if They Have One
  • TransUnion New-To-Credit Study Has Some Surprising Findings

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

Best regards

Joachim C Bartels
Director, Editor-in-Chief