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Consumer Credit Information

Equifax Launches Solution to help Businesses better Identify Customers

Equifax Credit Information Services Private Limited (ECIS) India announced the launch of Equifax Dimensions, an innovation to provide a robust view of the customer’s credit profile for strong credit decisions and more relevant offers across the entire customer lifecycle. Equifax Dimensions is a set of 460 bureau variables that have been created by incorporating the last 24 months data of ... Read More »

TransUnion Announces Agreement to Acquire Callcredit

U.K. acquisition Expands TransUnion’s International Position TransUnion (NYSE: TRU) announced its agreement to purchase Callcredit Information Group, Ltd., the second largest and fastest growing consumer credit bureau in the U.K., headquartered in Leeds. Founded in 2000, Callcredit is a U.K.-based information solutions company that, like TransUnion, provides data, analytics and technology solutions to help businesses and consumers make informed decisions. ... Read More »

MyCreditChain Revolutionizes the Credit Information Market

Amidst the Scandal that Facebook and Cambridge Analytica supplied private information to Trump campaign, MyCreditChain, a blockchain platform for personal credit information, aims to take the ownership of personal information back to people. MyCreditChain revolutionizes the process in how personal credit information is collected and utilized. In the MyCreditChain network, our interaction with one another could change on a global ... Read More »

Equifax Among Inaugural Developers in Fortellis Automotive Commerce Exchange™ Platform

New industry platform offers first seamless integration of data and services to create a more effective automotive journey Equifax Inc. (NYSE: EFX) announced that it is among the first developers to contribute application programming interfaces (APIs) to the new Fortellis Automotive Commerce Exchange™ platform. Fortellis enables developers, OEMs and dealers to leverage, build, innovate, and securely integrate solutions and workflows to transform business. ... Read More »

China Intensifies Punishment for Credit Defaulter

China announced plans to increase sanctions for credit defaulters. Defaulters will be restricted from real estate transactions, as well as taking planes and trains, according to plans posted on the National Development and Reform Commission (NDRC) website. Under the plans jointly issued by the NDRC, Supreme People’s Court and other government departments, individual defaulters as well as legal representatives and ... Read More »

CRIF Inaugurates the new Campus Offices at Varignana

A new structure, which will house up to 130 employees, offering a modern and more efficient way of working. CRIF has inaugurated a new operating hub in the area of Varignana in the Municipality of Castel San Pietro Terme, close to Bologna, and already around one hundred employees have started working in the new offices. The Campus, which to date ... Read More »

BIIA Regional Meeting Phnom Penh, Cambodia Presentations 2018

Regional Meeting – March 14th to 15th, 2018 Sofitel Phnom Penh Phokeethra Hotel, Phnom Penh, Cambodia The following presentations were made at the meeting. BIIA would like to thank all of our speakers for their contributions. Introduction to BIIA and overview of the global industry trends and key regulatory themes – Neil Munroe, Deputy Managing Director, BIIA Cross border sharing ... Read More »

Experian to Acquire ClearScore

Experian is pleased to announce that it has agreed to acquire ClearScore. ClearScore is an innovative UK consumer organisation that matches individuals to personal financial products, offering free credit reports, scores and personal financial education, both online and through mobile devices. ClearScore provides free access to credit reports and scores and introduces consumers to personal financial products and offers which are ... Read More »

CoreLogic Integrates LoanSafe Risk Manager with Destiny and EPIC Loan Origination Systems

CoreLogic Brings Industry Leading Fraud Management Solution to INTEGRA Software Systems’ Destiny and EPIC Platforms CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, announced that their LoanSafe Risk Manager® Suite is now available on INTEGRA Software Systems’ legacy Destiny Loan Origination System (LOS) and INTEGRA’s next generation, web-based EPIC LOS.  When combined with the previously existing ... Read More »

US Credit Climate:  While Fraud Continues to Impact Lenders, the Rate of Growth is Diminishing

TransUnion Introduces New IDVision Alerts to Help Mitigate the Rise of More Sophisticated and Emerging Risks A new TransUnion (NYSE: TRU) analysis found that the growth in outstanding balances of suspected synthetic fraud in the credit card market is slowing in large part due to recently focused efforts by issuers to prevent such instances of fraud. Synthetic fraud involves fraudsters creating fictitious ... Read More »

TransUnion Cibil Launches Subscription Service for Credit Score Info

Credit information company TransUnion Cibil (TU) is now offering borrowers access to their credit score and repayment history under a subscription model as against a static report.  TU Cibil is also providing consenting customers loan offers based on their scores and lending criteria provided by banks. Retail loans applications have tripled from 90 lakh applications in the first quarter of ... Read More »

Comprehensive Credit Reporting Is Taking Hold in Australia

The Australian government is forcing big banks to join the comprehensive reporting regime and credit bureaus have been collecting more information since the new credit reporting regime started in March 2014. Before the change, credit reports, which credit bureaus provide to lenders when they check on applicants, only held negative information such as missed payments of more than 60 days, ... Read More »

PBOC Gives Green Light to Personal Rating Firm for Online Lending

Baihang Credit Scoring, China’s first credit reference firm which provides ratings on individuals borrowing money from online finance companies, is expected to start operations soon, having received the green light from the country’s central bank on Thursday. The People’s Bank of China said Baihang, with a registered capital of 1 billion yuan ($150 million), has been granted a three-year license. ... Read More »

Equifax India Launches Credit Insight

Equifax India, registered as Equifax Credit Information Services Private Limited (ECIS), announced the launch of Credit Insight, a data intelligence platform that provides an online access to the lending market data (both for MFI and Retail) to help understand sourcing, portfolio exposure and delinquency. Credit Insight from Equifax leverages the Equifax’s India bureau data to deliver competitive insights to organizations. ... Read More »