Home » Industry » Credit Bureau News

Credit Bureau News

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 »

Equifax Media Statement Concerning DOJ Charges against a Former Employee

Equifax Inc. (NYSE: EFX) Interim Chief Executive Officer, Paulino Do Rego Barros, Jr., issued the following statement in response to the announcement that the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have brought charges against Jun Ying, a former employee of Equifax: “Upon learning about Mr. Ying’s August sale of Equifax shares, we launched a ... Read More »

GDPR-Regulated Data Is Lurking In Unexpected Places

A recent study showed that over 60 percent of corporate data is stored on employee endpoints. And yet, as companies work to ensure compliance with the new General Data Protection Regulation (GDPR), they still may be overlooking a few key areas.  The GDPR globally impacts the processing of all personal data on EU residents and takes effect on May 25, 2018. The ... 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 »

Customer Identity: GBGroup Commissions Forrester Study

When it comes to fraud prevention customer identity is critical.  This has become a recurring theme based on articles and studies published or referred to by BIIA. BIIA member GBGroup, an identity data intelligence specialist, commissioned Forrester Consulting to conduct an independent study of 315 financial service firms across the globe in Australia, China, Singapore, the UK, and the US, ... 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 »

Callcredit Looks to Help Businesses Reach Consumers in India

Callcredit Information Group has launched CAMEO India, a new affluence segmentation solution to provide insight on consumers and help businesses to expand or launch into India. With a population of 1.3 billion people, India is regarded as a key market for global companies and has been tipped to become the 3rd largest consumer market by 2025.  Believed to be a market ... Read More »

Equifax Unveils New Analytic Dataset™ for Identifying Detailed Credit Market Signals

Highly configurable solution facilitates modeling and analytics across asset classes Equifax Inc. (NYSE:  EFX), a global information solutions company, introduced Analytic Dataset™, a new analytic tool that provides borrower-level data in an anonymous and non-aggregated format.  The dataset provides key information for researchers and modelers such as credit risk scores, geography, debt balances and delinquency status at the loan level ... Read More »

What You Should Know about China’s Fintech Industry?

What’s Happening with China’s Fintech? As US-based card payment companies like American Express, MasterCard, and Visa strive to set up shop in China, Chinese consumers are increasingly using their mobile phones to buy goods and services. In effect, the country has leapfrogged from cash to mobile payments, bypassing the payment cards system.  Furthermore, mobile payments constitute just one of seven ... 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 »

Equifax Releases Updated Information on 2017 Cybersecurity Incident

As a result of ongoing analysis of data stolen in last year’s cybersecurity incident, Equifax Inc. (NYSE: EFX) announced March 1, 2018 that the company has confirmed the identities of U.S. consumers whose partial driver’s license information was taken. Equifax was able to identify these consumers by referencing other information in proprietary company records that the attackers did not steal, and by engaging ... Read More »