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LEI update – Uptake of LEIs Remains Slow

Regulatory SaaS technology leader Opus has announced that Alacra, its KYC and reference data management platform, has issued an update on the LEI initiative, Inside the LEI issue X, its regular newsletter on Legal Entity Identifiers (LEIs). Steve Goldstein, vice chairman of Opus, said: “The total number of LEIs issued has remained at roughly the same level for a while now. In August ... Read More »

News from the BIIA 2017 Biennial Conference: Embracing Digitization

His Excellency Dr. Pichet Durongkaveroj, Minister of Digital Economy and Society gave the opening keynote address at the BIIA 2017 Biennial Conference on Digitization on October 19th, 2017.    Picture on the left: His Excellency Dr. Pichet Durongkaveroj, Minister of Digital Economy and Society being greeted upon arrival at the conference hotel. In his riveting speech Dr. Pichet emphasized the ... Read More »

Creditsafe and ESP Receivables Management in Partnership

Integration of ESP’s Collection Solution to Creditsafe Platform Offers to New Possibilities to Clients Creditsafe, a leading provider of global business intelligence, announced a partnership with ESP Receivables Management.  Under the terms of the agreement, Creditsafe will incorporate ESP’s innovative debt-collection system into the Creditsafe Business Intelligence Platform. “We are delighted to be able to offer this new capability to ... Read More »

Compliance: Effectiveness of Managing Third-party Risks Worsening

Opus & Ponemon Institute Announce Results of 2017 Third Party Data Risk Study: 56% of Companies Experienced Data Breach, Yet Only 17% are Prepared to Mitigate Risk Effectiveness of managing third-party risks worsening – companies cite inability to track, evaluate third party security and privacy Opus, the leading provider of global compliance and risk management solutions, today announced the results ... Read More »

Callcredit Teams Up With Totallymoney to Launch a Free Live Credit Score

Customers can now track their credit score and likelihood of being accepted for credit, access their full credit report and receive notifications of changes. All totally free. TotallyMoney has launched a Live Credit Score service that provides customers with information about changes in their credit status each time they log in. Credit file data is provided by Callcredit and customers now ... Read More »

Global 5000 Database Update

Harry Henry, founder of the Global 5000 Database, has provided BIIA with an update: During the quarter we added 60 new companies to the database and deleted 62 records primarily due to M&A activity.  Also, during the quarter, 1,719 records we updated.  The currency level of the database remains at 99% — meaning over 99% of the records have been ... Read More »

News from the BIIA 2017 Biennial Conference

Melanie Zimmerman, SVP at TransUnion (picture), told us an inspiring story #BIIA2017 about an initiative in India that signed up 95% of the population, many of them illiterate, with a 12-digit ID number via their mobile phones, which automatically included a bank account, and the chance to buy life insurance (for $5/year). So now the government has a population count, ... Read More »

Transparency in Russia: “Incorrect Company Register Data” May be Used as a Primary Reason to Dissolve Legal Entities

According to the Federal Law #67-FZ of 30 March, 2015 Russian Tax authorities are entitled to check the correctness (reliability) of company data of registered and to be registered companies in the Unified State Register of Legal Entities (EGRUL Register maintained by the Federal Tax Service of Russia). As of September 1, 2017, the Federal Law #488-FZ of 28 December, ... Read More »

EU-US Privacy Shield Works but Implementation Can Be Improved

The European Commission yesterday confirmed that the EU-US Privacy Shield survives as a method for international data transfers. In its First Annual Review, the Commission states that the arrangement provides an adequate level of protection. The US authorities have put in place the necessary structures and procedures to ensure the correct functioning of the Privacy Shield, such as new redress ... Read More »

Credit Karma Adds Equifax to its Flagship Free Credit Monitoring Service

Personal finance company is the most comprehensive free U.S. online credit monitoring service Credit Karma announced it is adding Equifax to its flagship free credit monitoring service.  For the first time, Americans will be able to have two major credit reports monitored proactively for free, which can help them manage their credit health or stay alert of possible signs of ... Read More »

Moody’s Announces Strategic Investment in CompStak

Moody’s Corporation (NYSE:MCO) announced today that it has made a strategic investment in CompStak, a provider of commercial real estate (CRE) lease information. Working together, CompStak and Moody’s Analytics will partner to reach additional markets and to develop new products and technologies that meet the needs of CRE finance and risk professionals.  Moody’s Analytics will gain access to CompStak’s crowd-sourced data set, which ... Read More »

KSV1870 Opens New Office in Salzburg

More than 100 guests from the business and political community attended the opening of the new office location at the Hellbrunner Straße 15 in Salzburg’s capital at the invitation of KSV1870 President Mag. Dr. Roland Wernik, MBA. KSV1870 Managing Director Mag. Ricardo-José Vybiral, MBA spoke about the current business and credit conditions in the Austria in general and in the ... Read More »

Large Banks Pile into Blockchain Trading Platform Project

Large, multinational banks are partnering together to build a new global trade finance platform using Blockchain technology. According to a report in Global Trade Review (GTR), Commerzbank, Bank of Montreal, Erste Group and CaixaBank are joining a project underway by UBS and IBM dubbed Batavia in an expansion of a proof of concept that IBM and UBS launched at Sibos ... Read More »

CRIF Strengthen its Presence in Far East

CRIF Strengthen its Presence in Far East with Two New Start-Ups in Malaysia and Singapore CRIF has opened two new offices in the Republic of Singapore and in Malaysia, further strengthening its presence in a highly strategic region, where it has been operating for several years through operations in China, India, Hong Kong, Taiwan, Philippines, and Vietnam. This will enable ... Read More »

GBG Expands Executive Team to Enhance Focus on Customer and Innovation

Understanding the customer takes centre stage at award winning tech firm GBG, the global specialist in Identity Data Intelligence, has announced two new members to its Executive leadership team. The appointments bolster the Group’s focus on customers and innovation. Mick Hegarty joins as Managing Director, Customer Insight & Innovationto ensure that the Group’s strategy, plans and portfolio are based on innovating for customers. ... Read More »

Using Quality Data for Competitive Advantage

Experian Data Quality has published a White Paper which deals with the issue of how quality data affects core business imperatives and how to begin implementing a scalable data quality strategy. Companies are always looking for opportunities to provide greater value to their customers. But in order to stay ahead of their competitors, they also need to increase margin, reduce ... Read More »

BIIA Welcomes Credit Bureau Malaysia as a new Member

We opened our doors to a bright and beautiful morning on 1 July 2008. As SME Credit Bureau, we’ve helped many SMEs get access to better financing. When the Credit Reporting Act 2010 was introduced, we became Credit Bureau Malaysia and expanded our market to include helping individuals. Credit Bureau Malaysia collects and compiles credit information from various sources. We ... Read More »