Dear Members,

The BIIA Newsletter June II – 2021 is posted on this Website.  To download the document, please click on this link:  BIIA Newsletter June II – 2021 Issue

If you wonder about ‘Hot Topics’ in our industry, take a look at this chart above reflecting announcements from members and industry players, which we monitored during the past 6 month. 

There were 120 postings in the category ‘Credit Bureau News’, a record.   It was all about the lingering effects of Covid-19, which created a surge in digitization, driving up fraud & risk. 

Second in line were postings relating to the subject of Identity: AML/KYC/Financial Crime Compliance (75). Third were Analytics/AI/Scoring/Decision Systems (55).  Fourth was Fraud (50) and Cyber Security (25).  The segments overlap as none stands on its own.  For example, fighting fraud generally involves Analytics/AI/Decision Systems, etc. 

Late Breaking News:

  • Value of Information – What is Your Business Worth?
  • Value of Information: CTOS signs 20 Cornerstone Investors for $290 Mil IPO
  • Encompass Invites BIIA Members to Participate in an Important Survey
  • Impact of Covid-19 On Working Models – Experian UK Moves to a Hybrid Model

Member News:

  • SME Finance Forum Virtual Roundtable Virtual Roundtable Series #29 – The Role of Alternative Data in Ensuring Access to Finance for SMEs post-COVID
  • Rubix Data Science Ltd. Awarded Prestigious IMC Digital Technology Award
  • VietnamCredit Publishes Vietnam Country Report
  • Identity Trust Transformed: New Research Indicates Increased Identity Verification and Authentication Processes Drive Strong Return on Investment

Industry News:

  • Dun & Bradstreet Gets US$25m for Moving to Jacksonville, Florida
  • Dun & Bradstreet and Zeta Join Forces to Launch the Industry’s First Combined Consumer and Business Data Cloud for “Business-to-Person” Marketing
  • GB Group Full Year 2021 Revenue Up 12.1%
  • Sesame Launches Exclusive Integration with Mortgage Brain and GBGroup
  • Alibaba Cloud Invests USD1 Billion to Support Startups, Developers and New Talents in Asia-Pacific

Cyber Security News:

  • Questions Business Leaders Should Ask Themselves
  • Cyber Security Services in High Demand – M&A activity picking up

Credit Bureau News:

  • TransUnion UK: Digital Fraud Attempts on the Rise
  • Credit Reference Checks Made by Hong Kong Employers Jump by 8.1%
  • Equifax Announces 2021 Developer Challenge and Accelerator Program: Equifax Accelerate
  • Equifax Helps Credit Card Issuers Expand Access to Credit with Insight Score
  • Experian: Three Things Lenders Need to Do to Navigate today’s Complex Lending and Credit Landscape

We thank your members for their contribution and support.

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