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Experian Sued over Government Watchlist Alerts

Experian has been hit with a proposed nationwide class action in California accusing it of mistakenly reporting that consumers were on a government watchlist of security threats and not helping consumers correct the mistakes. Los Angeles resident filed the lawsuit in Santa Ana federal court on Friday, alleging that he was denied a car loan after Experian incorrectly reported that ... Read More »

Australian Risk Climate: SMEs Riskiest after Four Years in Business

Equifax recently urged Small and Medium Enterprises to keep a closer eye on finances as they approach their four-year milestone Small and Medium Enterprises (SMEs) approaching their four-year anniversary[1] are entering the highest-risk period for business failure and should take extra steps to protect their business from financial stress, according to newly released data from Equifax, the global information solutions ... Read More »

Avatec.ai (S) Pte Ltd Joint Venture Formed to Upgrade Credit Assessment in ASIA

UOB and PINTEC join forces to make it smarter and faster for companies to extend credit with next-generation digital credit assessment solution United Overseas Bank Limited (UOB) and Pintec Technology Holdings Limited (PINTEC) announced the launch of their joint venture, Avatec.ai (S) Pte Ltd (Avatec). Avatec aims to help banks and finance companies to be more efficient and more accurate ... Read More »

US-based Fintech Firm TALA Moves into India

California-based fintech company Tala said that it is bringing its lending app to India. This expansion was announced along with a new $50 million Series C funding led by Revolution Growth its operations in the country which is already in progress. The company said in its statement that it also recently raised an additional $15 million to power its loan ... Read More »

KSV1870 Appoints Gerhard Wagner Managing Director of KSV1870 Information GmbH

Gerhard Wagner (55) was appointed Managing Director of KSV1870 Information GmbH on April 1, 2018. He succeeds Roland Führer, who continues his career as Head of Region North and Head of Location Linz. Wagner will henceforth be responsible for the strategic direction of the KSV1870 Corporate and Private Information business units and will lead the company through the digital transformation in coordination ... Read More »

Australia: Equifax Report Looks at Alternative Finance Lenders

Demand for new alternative finance increased 130 per cent in H2 2017[1], compared with the same period the previous year, according to newly released data from Equifax, the global information solutions company and the leading provider of credit information and analysis in Australia and New Zealand. Released recently, Equifax’s inaugural state of the nation report looks at Alternative Finance Lenders, ... Read More »

Heather Russell Joins TransUnion as Chief Legal Officer

TransUnion (NYSE: TRU) has hired Heather Russell as Executive Vice President and Chief Legal Officer, effective June 4. Russell is an accomplished legal executive with more than 20 years of diverse experience across the global financial services sector including expertise in consumer financial services, data privacy and security, regulatory compliance, mergers and acquisitions, and FinTech. She will be responsible for ... Read More »

India’s State of Andhra Pradesh Considers Credit Ratings of Farmers

Andhra Pradesh Minister for IT, Panchayat Raj, and Rural Development N. Lokesh said recently the government would shortly introduce credit rating of farmers to ensure easy flow of funds.Addressing a press conference after inaugurating the Andhra Pradesh Cybersecurity Summit, he said the reason for credit rating was to put a stop to exploitation of farmers by money-lenders.  Very soon, farmers ... Read More »

FICO Delivers Mission Critical Artificial Intelligence in the Cloud

FICO Showcases Next Generation Decision Optimization and Enhanced Decision Management Platform at Analytics Conference, FICO® World From the FICO® World, analytics software firm FICO showcased the latest enhancements to FICO® Decision Management Suite (DMS) which leverages artificial intelligence (AI), machine learning (ML), advanced analytics, optimization and decisioning to deliver better, more predictive business outcomes. New capabilities include: DMS Enterprise Grade ... Read More »

Encompass in Partnership with Wisers Information Limited

encompass, the only provider of simultaneous, real-time access to multiple sources of global company and person data, has announced a new partnership with Wisers Information Limited, the world’s leading provider of Chinese media and business intelligence. As European and US governments continue to enhance anti-money laundering (AML) regulations, financial institutions operating in Asia Pacific have ramped up their AML controls ... Read More »

Bangladesh Bank Demands Information on all Defaulted Loans

As per a new circular issued recently, banks and financial institutions are supposed to report to the central bank even if the defaulted loan is Tk 1 only (US$.01). Until now, the banks and other financial institutions were supposed to send information on default loans of Tk 50,000 (US$ 602) or more and for credit cards Tk 10,000 (US$ 120) unpaid ... Read More »

CallCredit Shaping the Future of Tech

CallCredit explains in its recent press release how it engages with students to nurture and inspiring them in a career in the new world of technology.  This particular case should be used as a role model in educating youth about the value of credit information in a national economy. “As a leading credit reference agency and a business which specialises ... Read More »

Experian: 5 Ways to Overcome CRM Data Quality Challenges

64% of organizations believe that inaccurate data undermines their ability to provide an excellent customer experience. Poor data quality is one of the biggest challenges that customer relationship management (CRM) system users face today. Not only can it be a major risk to the successful implementation of a project, it can also hinder your organization from making the most of ... Read More »

Equifax Blends Consumer and Commercial Data to Deliver Substantial Small Business Risk Prediction

Equifax Inc. (NYSE:  EFX) has announced the launch of the blended version of the Commercial Insight™ Delinquency Score, a high-performance product that predicts the likelihood of a business incurring severe delinquency (91 days or greater), charge-off or bankruptcy on financial accounts within the next 12 months.  The latest addition of this product suite is the first solution to combine consumer ... Read More »

Experian Joins Danal, Provider of Mobile Identity and Authentication Solutions as Investor

Addition of Danal’s mobile identity platform to Experian’s suite of identity products helps businesses better protect people’s information To continue to grow its suite of identity solutions, Experian announced a strategic financial partnership with Danal, a mobile phone identity and authentication platform. The two companies closed a preliminary strategic investment round.  As part of the investment, Experian will combine elements ... Read More »