Home » Industry » Consumer Credit Information

Consumer Credit Information

BIIA Welcomes Al Etihad Credit Bureau as a Member

About AECB Al Etihad Credit Bureau is a Public Joint Stock Company wholly owned by the UAE Federal Government. As per UAE Federal Law No. (6) of 2010 concerning Credit Information, the company is mandated to regularly collect credit information from financial and non-financial institutions in the UAE. Al Etihad Credit Bureau aggregates and analyzes this data to calculate Credit ... Read More »

BIIA Welcomes Metropol Corporation Limited as a Full Member

metropol logo 150x150

Metropol Corporation Limited was established in Kenya in 1996 as Credit Rating and Debt Management Company under the name Metropol Business Services Limited. The name was changed in 1997 to Metropol East Africa Limited and again recently to Metropol Corporation Limited (“MCL”). In 1997, Metropol entered into an exclusive contract with Dun & Bradstreet International (D&B) as a correspondent and ... Read More »

Equifax Appoints New Chief Information Security Officer

Equifax announced that it has named Jamil Farshchi to serve as its Chief Information Security Officer (CISO).  Farshchi, who previously served as CISO at The Home Depot, will assume company-wide leadership of work already underway to transform the company’s information security program, and collaborate with the industry to share best practices on information security.   Prior to his role at The ... Read More »

Tencent Launches ‘Social Credit System’

Tencent has released Tencent Credit (腾讯信用 téngxùn xìnyòng), that will compete with Alibaba’s Sesame Credit (芝麻信用 zhīma xìnyòng), the current leader in China’s “social credit” industry, as Tech in Asia reports. The service will be available to a massive user base of “all Chinese nationals who use WeChat or QQ,” two chat apps that “each has more than 800 million ... Read More »

BIIA Regional Meeting Phnom Penh, Cambodia

Save the Date:  BIIA Regional Meeting – March 14th to 15th, 2018; Phnom Penh, Cambodia BIIA will be hosting its first regional meeting to discuss key issues and concerns relevant to the industry and to lead efforts to promote dialog, identify solutions and to facilitate the development of potential pathways forward. The meeting will be a two day event, held ... Read More »

Data Protection News from Germany: Every Third Consumer Reports Abuse of Personal Data

Hardly in any other country is so much discussed about the use of data and privacy as in Germany. Nevertheless, over a third of German online users report experiences in which personal data has been misused on the Internet.  Nevertheless, most consumers feel a high sense of security in transactions on the Internet – especially in online banking.  This was the ... Read More »

Equifax Launches Lock & AlertTM

Free-for-life service offers consumers the ability to lock and unlock their Equifax® credit report Equifax Inc. (NYSE: EFX), a global information solutions provider, announced the availability of Lock & Alert, a new service that enables consumers to quickly lock and unlock their Equifax credit report using a computer or app downloaded on their mobile device from either the Apple® App Store or ... Read More »

CRIF: Eugenio Bonomi Appointed Chief Executive Officer of CRIF

Crif appointed Eugenio Bonomi, to become a Senior Managing Director and a member of Global Leadership Council. The objective of this appointment by the Bologna-based company, guided by its Chairman Carlo Gherardi, is to continue along the business’s profitable growth path, a distinguishing feature in its 30-year history which led the company to exceed the target of 500 million euros ... Read More »

Availability and Access to Credit Information in Russia

There are 17 credit bureaus operational according to the State Register of Credit Bureaus maintained by the Central Bank of Russia.  Article 6, Provision of a credit report of the Federal Law No.218-FZ On credit histories of December 30, 2004 (as amended on July 3, 2016), regulates the provision of credit histories (credit information) in the form of a credit ... Read More »

US Senators Demand Unrealistic Penalties for Data Breaches

Two senators on proposed this week “massive and mandatory” fines for data breaches at Equifax Inc. and other credit reporting companies, starting at $100 for each consumer whose sensitive information is compromised. The bill from Sens. Elizabeth Warren (D-Mass.) and Mark Warner (D-Va.) would add a $50 fine for each additional piece of compromised personally identifiable information for each consumer. ... Read More »

Ant Financial Says Sorry Over Illegal Data Sharing

Ant Financial has apologized for a checked-by-default option on Alipay’s an­nual bills that allowed its credit scoring system to access user data. Alipay bills and the Annual User Footprint Report that analyzes how customers have spent their money over the past year are widely shared on China’s social media. People tend to show off their purchasing power, especially as the ... Read More »

China Fintech: 2nd Consumer Credit Bureau in Sight Now

On January 4, the People’s Bank of China (PBoC) accepted a license application for consumer credit bureau led by the National Internet Finance Association of China.  The name of the credit bureau is Baihang Credit Scoring. As of now, the Credit Reference Center of the central bank is the only consumer credit bureau in China. Lending has always been the prerogative of ... Read More »

Vietnam State Bank Launches Data Management System

The National Credit Information Centre of Việt Nam (CIC) under the State Bank of Việt Nam (SBV) on December 7 launched a data management system – CG1 contract.  The contract was jointly carried out by Vietnamese FPT IS and Singaporean DP Credit Bureau Pte Ltd.  It is part of the Financial Sector Modernisation and Information Management System (FSMIMS) project sponsored ... Read More »