Dear Members,

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

Our lead story of course is the news of Moody’s and Microsoft entering a strategic partnership for Next-Gen Solutions Built on Microsoft Azure OpenAI Service, Microsoft Fabric, and Microsoft Teams and Moody’s Proprietary Data to Empower Financial Services, Capital Markets and More.  It is all about unlocking advancements in integrated risk management.  For internal use and co-innovations, Microsoft is leveraging Moody’s broad range of solutions, including Moody’s Orbis database – one of the world’s most powerful databases on companies – with applications that include third-party reference data, counterparty risk assessment, and supply chain management.  It will be a combination hard to beat.  We wonder what the antitrust people will have to say about these two powerhouses joining hands.

We are continuing with our coverage about generative AI.  There is an interesting story by Lisa Gately, Principal Analyst, Forrester Research about generative AI turning up in everything, everywhere all at once forces a turning point for B2B content. Day by day new use cases are appearing.  Even governments jumping on the generative AI bandwagon with aim to lift public sector productivity.

Also of interest is the fact that there have been a lot of product introductions this spring as listed below.

Late Breaking News:

  • Moody’s and Microsoft Develop Enhanced Risk, Data, Analytics, Research and Collaboration Solutions Powered by Generative AI
  • Generative AI In Everything, Everywhere, All At Once Forces A Turning Point For B2B Content – Forrester Research
  • AI to Lift Public Sector Productivity – UK’s Chancellor of the Exchequer, Jeremy Hunt Wants to Save Money, Improve Public Sector Productivity
  • ICISA Standard Annual Report Highlights Demand for Trade Credit Insurance and Surety in Uncertain Times

Member News:

  • Experian Launches 4D Credit to Help Lenders Better Support Small Businesses Thrive and Survive
  • GBGroup’s Global State of Digital Identity
  • Creditreform Rating Receives Financial Conduct Authority (FCA) Certification
  • CRIF IT Solutions and Safwa Islamic Bank Signed Partnership Agreement

Industry News:

  • Dun & Bradstreet Launches D&B.AI™ Labs, Leveraging the Power of its Large and Unique Data Assets with Artificial Intelligence
  • Dun & Bradstreet Named to Newsweek’s Most Trustworthy Companies in America 2023 List
  • Finland’s Enento Group Says it Rejected an Offer from TransUnion
  • ZoomInfo Partnership with Databricks Delivers Comprehensive Data Directly to Customers

Credit Bureau News:

  • Equifax Announces Industry’s First Pre-Employment Verification Service Tailored to the Hourly Workforce
  • Equifax Merger Receives Approval From Boa Vista Serviços Shareholders
  • Experian’s Open Banking Solution Launches on Smartr365
  • Experian Unveils Ascend Ops™, an Industry-first Solution to Transform Lender Operations
  • TransUnion Introduces TruIQ Analytics Studio to Help Businesses Make Better Decisions with Nimble, On-Demand Data and Analytics Experience
  • TransUnion in Partnership with VyStar and FinLocker
  • TransUnion Announces Strategic Partnership with Truework to Expand Income and Employment Verification Solutions – Invests US$24m in Truework Platform
  • Is the Australian Credit Bureau Market too small for three Companies to be Profitable?

We thank our members for their contribution and continued support.

Best regards
Joachim C Bartels
Co-founder, director, and Director,
Head of Information Resources and
Editor-in-Chief