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CreditPoint Software, LLC and Creditsafe Announce Integrated Risk Management Partnership

Leading Provider of Trade Credit Risk Integrates with Leading Provider of Online Business Credit Reports CreditPoint Software, LLC, a leading business trade credit risk management company and Creditsafe, a premier provider of online business credit reports, announced a partnership that includes integration of their industry leading platforms.  This integration enables Creditsafe’s business reports to now be accessible within CreditPoint’s full ... Read More »

USA Risk Climate:  Expectations for Small Business Growth in 2018 on the Rise

Small Businesses Report Greater Access to Bank Loans and Increased Hiring Small businesses (< $5M in revenue) are finishing 2017 strong, reporting both revenue increases and optimism for future growth according to the fourth quarter 2017 Private Capital Access (PCA) Index report from Dun & Bradstreet and Pepperdine Graziadio Business School.  Fifty-eight percent of small businesses, up from 52 percent in Q4 2016, reported ... Read More »

Tinubu Square predicts insurance industry will cross chasm in 2018 to achieve emerging market penetration

The insurance industry is set for a shake up and could be on the verge of significant expansion in emerging markets if it sheds old processes and embraces ground-breaking technology in 2018, predicts Tinubu Square, a leading provider of trade credit risk management solutions.  Against the backdrop of increasing worldwide premiums and growth opportunities being restricted by entrenched practices, Tinubu ... Read More »

Embracing New Technology: More Small Businesses Taking Credit/Debit Payments

Small business owners look like they’re embracing new technologies when it comes to the types of payments their businesses will accept, allowing more in-person credit and debit card payments using point-of-sale terminals. According to the latest Wells Fargo/Gallup Small Business Index conducted in early October, 39% of business owners now accept credit or debit card payment, up from 31% in ... Read More »

China is Moving toward Fully Developed Credit Systems

Social Credit System Awareness Unified Social Credit Code System Industrial Credit system is Making Progress Enterprise Credit Management System becoming a Common Practice The Global Times reports that currently, in the Chinese society, the lack of credibility is still a very serious issue, which is an objective fact that we must face up to. At the same time, we should ... Read More »

Did Dodd–Frank Wall Street Reform and Consumer Protection Act Kill Financial Inclusion?

Banking and Blockchain: Why We Need an AML/KYC Safe Harbor Steven Hopkins is chief operating officer and general counsel of Medici Ventures, an Overstock subsidiary focused on the advancement of blockchain technology. In this opinion piece, Hopkins discusses issues with the global AML and KYC requirements placed on banks, concluding that, while this is encouraging blockchain innovation, more legal clarity is ... Read More »

Russian Risk Climate:  State Financial Support and Improving Information Transparency will Facilitate SME Access to Favorable Funding

«Program 6.5%». The Russian Corporation for the Development of Small and Medium Sized Businesses launched, in 2015, a funding program in association with 31 banks.  The program entails the provision of funding in the range of US$ 175,000 to US$ 17,500,000 at an interest rate of 10.6% for small businesses and 9.6% for medium businesses.  This compares favorably with current ... Read More »

Building Credit Information into the DNA of Your Organization

The advantages to finance departments having quick and easy access to credit ratings and reports are clear, but how can different departments beyond finance use credit information effectively? There are three disciplines that can leverage company information in online Credit Reports: Sales, Procurement and Marketing. In addition, CEOs and other board level directors are using Credit Reports to monitor acquisition ... Read More »

Contribution of Advanced Credit Reporting System to Financial Inclusion and Financial Stability

According to an age old maxim credit and credit reporting are intertwined.  Economic growth is reliant on a well-functioning credit system providing access to credit to individuals and businesses.  Access to credit however hinges on the availability of accurate, reliable and timely information.  Without such information there will be no economic growth. Ömer Kayhan Seyhun, Senior Specialist at the Central ... Read More »

De-Risking SMEs: Why Banks Are Ditching FinTech SMEs — Without Warning

Post-financial crisis regulations have forced banks to become more diligent and aggressive against financial fraud, including money laundering. In response to new rules, financial institutions in the U.K. have heightened their practice of de-risking — that is, withdrawing bank accounts or other financial services from customers deemed to be high-risk. Financial institutions assure authorities that their increase of de-risking practices ... Read More »

Australian Risk Climate: Positive Sentiment amongst Credit Managers Declines in 2016

After five years of increasing optimism, positive sentiment amongst credit managers has taken a dip, with only 31 per cent of participants expecting future economic conditions to have a positive impact on businesses, down from 47 per cent in 2015. Released today to coincide with the 2016 Australian Institute of Credit Management (AICM) Conference, the Veda National Credit Managers Survey 2016 assesses ... Read More »

Forrester: Navigating Change: 2017 Predictions

The consequences of today’s customer-led, digital-centric market are becoming clear: great change is upon us (and already happening in some cases). Forrester’s 2017 predictions reveal the big business and leadership, customer experience, and technology changes we anticipate in the coming year — and what to do about them. Business and leadership  The necessary and unavoidable changes to leadership and talent ... Read More »

Blockchain: No Likelihood of Blockchain Revolution Occurring any Time Soon, Says Bank of England

In a recent speech, a Bank of England executive has reiterated the central bank’s view on distributed ledger technology, saying that blockchain revolution is unlikely to happen anytime soon. Speaking at the CREST Twentieth Anniversary Conference, London, Andrew Hauser, the BoE’s executive director, banking, payments and financial resilience, noted that currently the discussion is dominated by the potential of blockchain and ... Read More »