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Industry Dynamics

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 »

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 »

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 »

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 »

US Business Climate: Small Business Optimism Takes a Dive

Led by a severe drop in sales expectations across the country, the Index of Small Business Optimism from the National Federation of Independent Business (NFIB) slid from 105.3 to 103 in September. “The temptation is to blame the decline on the hurricanes in Texas and Florida, but that is not consistent with our data,” said NFIB President and CEO Juanita ... Read More »

Acxiom Appoints New Leadership for Connectivity Division LiveRamp

James Arra and Anneka Gupta to succeed Travis May as co-presidents of LiveRamp Travis May named Chief Growth Officer for Acxiom Acxiom® (Nasdaq: ACXM), the data foundation for the world’s best marketers, today announced the appointments of James Arra and Anneka Gupta as co-presidents of LiveRamp®, reporting directly to Acxiom CEO Scott Howe. Arra and Gupta succeed Travis May who is transitioning ... Read More »

BITCOIN: Singapore’s Central Bank Plans to Regulate Bitcoin Payments

The minister for the Monetary Authority of Singapore (MAS), the nation’s central banking authority, has said the institution is working to create a regulatory framework for bitcoin payments. In response to a question on the matter from an MP, Tharman Shanmugaratnam – who is also deputy prime minister of Singapore – confirmed that while the MAS “has been monitoring” cryptocurrencies such as bitcoin ... Read More »

MAS and ABS Lead Consortium to Harness Blockchain Technology for more Efficient Inter-bank Payments

Singapore Central Bank Reveals 3 New Blockchain Payments Prototypes The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced today that the consortium which they are leading has successfully developed software prototypes of three different models for decentralised inter-bank payment and settlements with liquidity savings mechanisms. The project, conducted together with 11 financial institutions and ... Read More »

Corelogic Innovation Grows User Base to More than a Million Real Estate Agents

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, announced today that its focus on innovation in real estate solutions is helping drive its market penetration to record heights. Across all its solutions for residential real estate – which include listing, property information, and brokerage management platforms – CoreLogic now serves more than one million real estate ... Read More »

Ant Financial Resubmits To CFIUS for MoneyGram Buy Approval

Ant Financial, the Chinese payment unit of Alibaba, is gearing up to resubmit to the U.S. its application to purchase MoneyGram International. Sources familiar with the matter told Reuters on Friday (Sept. 15) that the two companies resubmitted for deal clearance from the Committee on Foreign Investment in the United States (CFIUS). The move was prompted by its inability to ... Read More »

China’s Payment Giants will Struggle to Reach International Markets

The Chinese payments titans Alipay, China UnionPay (CUP) and WeChat Pay are sallying abroad, leveraging enormous scale in their home market and taking advantage of unfettered access to European, Japanese, North American and emerging markets. Few initially national payment networks have attempted, much less succeeded in becoming genuinely global. Underscoring the point, Interac, Cartes Bancaires and BankAxept are the leading ... Read More »

Global Financial Data Platform Envestnet | Yodlee, Home Credit India in Partnership to Digitize Loan Processing

Envestnet | Yodlee, a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced its partnership with Home Credit India, one of India’s leading consumer finance providers that is committed to driving credit penetration and financial inclusion. The tie-up has enabled Home Credit India to digitize its loan approval process with Envestnet | ... Read More »

Credit Scoring Platform CreditVidya Bags $5 mn from Matrix, Kalaari

Mumbai-based InfoCredit Services Pvt. Ltd, which operates credit scoring platform CreditVidya, has raised $5 million (Rs 32 crore) in a fresh round of funding led by Matrix Partners, the company said. Existing investor Kalaari Capital, which had invested $2 million in June 2016, has also participated in the round. While Matrix put in Rs 23.81 crore, Kalaari accounted for the ... Read More »

Google Cloud Acquires Cloud Identity Management Company Bitium

Google Cloud announced that it has acquired Bitium, a compay that focused on offering enterprise-grade identity management and access tools, such as single-sign on, for cloud-based applications. This will basically help Google better manage enterprise cloud customer implementation across an organization, including doing things like setting security levels and access policies for applications working across their Cloud and G Suite offerings. ... Read More »