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Finland’s Asiakastieto to buy Sweden’s UC from Nordic banks

The competitive landscape for business and consumer information in Sweden and Finland is about to change with Finnish business data provider Asiakastieto said on Tuesday it has agreed to buy Swedish business and credit reference agency UC from Nordic banks for 340 million euros ($415 million) in cash and new shares. The current shareholders of UC, including SEB, Nordea, Handelsbanken, ... Read More »

Dun & Bradstreet Eyes Blockchain, Machine Learning Projects

Jessica Davis, Senior Editor of Information Week has recently interviewed Salem Khan, D&B’s Global Leader of Data Innovation concerning Dun & Bradstreet’s move into Blockchain and machine learning.  Dun & Bradstreet has been providing information to subscribers and customers for 177 years. Now it is exploring Blockchain and machine learning to improve its offerings. You wouldn’t normally think of a ... Read More »

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 »

UK Bans Late-payers from Government Contracts

Late-payers to be banned from UK government contracts following Carillion collapse Outsourcing giants that fail to pay suppliers on time will be banned from major contracts under new plans announced by the government today in the wake of Carillion’s collapse. The Cabinet Office has announced a package of measures which also aim to “level the playing field” so small businesses ... Read More »

BIIA Welcomes International Research Associated (INRA) Ltd. as a Member

International Research Associates (INRA) Ltd. was established since March 1976 by Dr. Frederic L. Ayer, known as the pioneer of credit reporting and corporate analysis in Thailand. With more than 4 decades presence in business, INRA is currently a specialized credit report provider with full of registered companies in Thailand stored in our database together with IT support for XML ... Read More »

TransUnion Boosts Entrepreneurial Innovation with New Startup Credit Kit

Startups gain access to newest TransUnion resources to fuel their businesses Access to relevant data can make or break a startup company, especially in the ultra-competitive financial services industry. To meet the needs of startups and their investors, TransUnion (NYSE:TRU) today launched the Startup Credit Kit at LendIt Fintech USA 2018, giving new companies faster access to cutting-edge alternative and trended ... Read More »

Tinubu Square Reinforces International Management Team & Announces New Senior Appointment

Tinubu Square, the industry leader in trade credit, surety and receivables financing solutions has begun the restructuring of its management team following the recent €53 million investment by Long Arc Capital and Bpifrance.  This is marked by the appointment of Bijan Olfati as Group Executive Vice President, Business Development and Olivier Placca, a co-founder of Tinubu Square, as the new Deputy Chief ... 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 »

China’s E-commerce Sites Sign Credit Information Sharing Agreements

Chinese online ratings, group buy, and food O2O business Meituan-Dianping, the China National Development and Reform Commission (NDRC) and the State Information Center (SIC) recently signed a credit information sharing partnership agreement, according to which the parties will use the NDRC-managed “Credit China” website to share credit-related information resources and accelerate the introduction of coordinated rewards and disincentives in the ... Read More »

Small Business Financial Exchange in Partnership with LexisNexis Risk Solution

Small Business Financial Exchange, Inc. and LexisNexis Risk Solutions to Create Small Business Data Sharing Platform between Banks and Insurers LexisNexis Risk Solutions, a technology, data and analytics company, announced today that the Small Business Financial Exchange, Inc. has approved a data sharing arrangement where the insurance companies and SBFE Member (comprised of small business lenders) can participate in sharing ... Read More »

TransUnion CIBIL Launches CIBIL MSME Rank to Help Control NPAs

In order to support banks and credit institutions to achieve robust credit growth in the Micro, Small and Medium Enterprises (MSME) sector while managing the non-performing assets (NPAs), TransUnion CIBIL launched CIBIL MSME Rank (CMR) – a credit risk rank for MSMEs. CMR uses machine learning algorithms to predict the probability of an MSME becoming NPA in the next 12 ... 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 »

Moody’s Analytics Launches the Data Alliance Portal

Moody’s Analytics launched its new Data Alliance Portal. Members of Moody’s Analytics data consortium can use the portal to contribute data to the consortium and collect credit risk benchmarking information in return. The Moody’s Analytics Data Alliance is one of the world’s largest and most comprehensive data consortia, covering a range of asset classes including commercial and industrial (C&I), commercial real ... 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 »

BIIA Welcomes StoxPlus Joint Stock Company as a Member

StoxPlus, an associate company of Nikkei Inc. and QUICK Corp., is proud of being a leading financial and business information corporation in Vietnam. We provide the most comprehensive ready-to-use financial information platform, business information portal, standard and customizable research reports and value-added services via various devices such as PCs, websites and mobile devices to help customers analyse and make informed ... Read More »