Coremetrix shows how Fintech can lift people out of poverty CreditInfo spin-off Coremetrix is launching a new service that could lift many of the ‘unbanked’ of developing nations out of poverty through an alternative method of credit assessment. The new system compliments or provides an alternative to traditional credit checking methods which too easily write certain people off as an ... Read More »
Experian launches IdentityWorks(SM), a comprehensive product to detect, protect and resolve identity theft and fraud; survey underscores consumer need News of data breaches and the risks of identity theft and fraud persist, but consumers’ vigilance and awareness haven’t kept pace. A national survey by Experian, the world’s leading global information services company, revealed that not only is America’s collective guard down, ... Read More »
Experian Asked 2000 People About Their Attitudes Towards Data Sharing – Here’s What They Found An Experian White Paper In May of 2018, the arrival of the EU’s General Data Protection Regulation (GDPR) will see a new enforced focus on consumer rights in this space. We will also see the advent of new data driven initiatives such as Open Banking, ... Read More »
Credit is a hugely important part of the global economy and also has a major effect on the quality of individual’s personal and professional lives – from making everyday purchases with credit cards to borrowing larger sums for investing in vehicles, homes or businesses. The world is governed by budgets and pay checks, and people frequently require credit to meet ... Read More »
A recent survey by TransUnion (NYSE: TRU) revealed most Hong Kongers act responsibly when it comes to credit card repayment habits, yet are still confused about credit basics. The survey found Hong Kongers act responsibly when it comes to managing their credit cards and understand how those accounts affect their credit. In fact, more than two-thirds (67 percent) correctly reported ... Read More »
India’s universal identification program — Aadhaar — suffered a setback today after the country’s Supreme Court voted unanimously in favor of individual privacy. Given the prevalence of data in today’s digital age, and the trend towards ‘smart living’ based on data, the ruling has the potential to be hugely impactful in India both now and in the future. The landmark ... Read More »
TransUnion® released its third annual credit literacy survey, exploring the state of U.S. consumer credit knowledge. The 2017 Myths vs. Facts Survey revealed consumers remain misinformed about many fundamental aspects of credit scoring, reporting and building, and lack basic information about the factors that impact a credit score. With the average VantageScore hovering at 645 in the United States, according to data from TransUnion’s ... Read More »
The Reserve Bank is looking at setting up a high level task force to prepare a road map for public credit registry (PCR) to help control loan defaults, improve credit culture and promote financial inclusion. Making a strong case for it, RBI Deputy Governor Viral Acharya said a transparent and comprehensive PCR is the need of the hour in India. ... Read More »
‘EduACCIÓN Financiera’ program available in six countries in Latin America with a focus on having a deep impact on the financial future of families and students Equifax announced plans to expand its unique, regional financial inclusion and financial education program, ‘EduACCIÓN Financiera’ in tandem with Junior Achievement Americas, the world’s largest organization dedicated to educating students about workforce readiness, entrepreneurship ... Read More »
The event was sold out! Similar to the BIIA 10th Anniversary Conference, the BIIA 2017 Biennial Conference was sold out. Over 140 delegates from 26 countries attended the conference. The BIIA 2017 Biennial Conference was much more than a traditional gathering of credit and business information industry professionals. This was a critical event for our members, customers, policy makers and ... Read More »
Education and better protection needed Equifax Canada (NYSE:EFX) – Millennials are the leading target for fraudsters according to new data from Equifax Canada, which flagged this age group for 49 per cent of all suspected fraud applications in its fraud management database last year. Millennials (aged 18-34) are followed by Generation X (aged 35-50) at 30 per cent and Baby Boomers (aged ... Read More »
Hong Kong credit card holders were the least certain about the importance of paying more than the minimum balance on their monthly statement, according to a survey conducted by an international credit information company. In Hong Kong, 41 per cent of credit card holders were unsure about the benefits of paying above the minimum balance, according to a consumer credit ... Read More »
Marketplace lenders continue to be at the forefront of transparent and responsible financial innovation. This growth has helped to ensure that consumers and small businesses have access to the capital that they need to thrive. As part of our commitment to driving responsible financial innovation, Experian has joined the Marketplace Lending Association as an associate member. Now more than ever, ... Read More »
Experian announced a partnership with Lenddo, a leader in non-traditional data solutions, as part of Experian’s Consumer Financial Inclusion Indexing platform in Indonesia and Vietnam. Using Experian’s global expertise and knowledge, the introduction of Lenddo’s technology into Experian’s platform will provide financial firms with more information to offer appropriate financial services. Consumers who are unbanked or underserved by major financial ... Read More »
Schufa’s Education initiative “WirtschaftsWerkstatt” (BusinessWorkshop) has reached over 5 million young Germans. According to its forsa poll, 72% of young Germans want to learn more about financial topics. Dr. Michael Freytag, Chairman of the Management Board of Schufa commented: “The sooner young people can handle money, the better. The latest forsa study indicated that there is still a considerable need ... Read More »
EU Publishes “Survey on the Access to Finance of Enterprises” (SAFE). The Survey was published on: 30/11/2016 Key Findings: Small businesses from the EU are increasingly confident about their access to finance, according to a joint survey published today by the European Commission and the European Central Bank. Access to finance is the least pressing problem in general and businesses’ demands ... Read More »
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 »
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