The BIIA Network

  Equifax Inc. (NYSE: EFX) announced that it has named Bryson Koehler to serve as its Chief Technology Officer (CTO).  Koehler, who previously served as CTO at IBM Watson and Cloud Platform, will be responsible for leading Equifax’s global information technology strategy and development. Koehler will also work closely with the company’s product, data, and analytics teams to drive technology ... Read More »

Thoma Bravo LLC, a leading private equity firm focused on software and technology-enabled service sectors has acquired 100% of CRIF Lending Solutions, to create a merged company together with MeridianLink.  CRIF also becomes a shareholder of the new merged company “MeridianLink”.  The acquisition will not affect CRIF Select, the former division of CRIF Lending Solutions, that is the leading provider ... Read More »

Experian launches IdentityWorks(SM), a comprehensive product to detect, protect and resolve identity theft and fraud; survey underscores consumer need News of data breaches and the risks of identity theft and fraud persist, but consumers’ vigilance and awareness haven’t kept pace.  A national survey by Experian, the world’s leading global information services company, revealed that not only is America’s collective guard down, ... Read More »

Chenault’s General Catalyst funds Nova Credit to help new arrivals in US get credit The former American Express chief Ken Chenault is backing a start-up company that provides credit scores for immigrants who struggle to rent apartments and access other basic services upon their arrival in the US.  Workers on overseas postings, international students and other newcomers have long struggled ... Read More »

Can reduce lending friction for consumers and lenders with income and employment information available early in the process As the mortgage industry evolves to become more consumer oriented, lenders and borrowers alike are seeking to gain operational efficiencies through quicker, paperless processes similar to the digital experiences many retailers offer. To support these initiatives, Equifax Inc. (NYSE: EFX), a global information solutions ... Read More »

Highlights: FICO has been awarded seven new patents for fraud detection, AI and analytics Three of the patents granted are related to the FICO® Falcon® Platform, the world’s leading payment fraud system FICO continues to drive innovation across its solutions; it currently holds 188 US and foreign patents FICO has been awarded seven new patents related to fraud, artificial intelligence (AI), and advanced analytics. In total, ... Read More »

Experian takes the next step forward in identity resolution to help marketers more easily connect offline and online identities MarketingConnect(SM) eliminates the need for disparate solutions and lets marketers access and manage customer identity attributes through a single unified platform With hundreds of offline and online touchpoints across multiple channels, marketers face a series of complex challenges when deciding on ... Read More »

At the 2018 Annual Membership Meeting (June 7-8, 2018), which was held in Stockholm, Sweden, Enrico Lodi, Managing Director at CRIF, was elected President of ACCIS at the Enrico replaces Neil Munroe, who had served ACCIS for over 11 years as a member of the previous Executive Committee and more recently as a member of the new Management Board. “Neil ... Read More »

CRIF has announced that it has signed a strategic partnership agreement with the Credit Information and Analytical Center (CIAC) to develop a credit bureau in Uzbekistan. This initiative is part of the Financial Infrastructure Project in Uzbekistan implemented within the framework of the World Bank Group–IFC Finance & Markets Global Practice. Under the agreement, CRIF owns 35% of the share ... Read More »

Chinese outbound investment is set to reach a staggering USD 2.5tn over the next decade according to the Financial Times – largely the result of President Xi Jinping’s Belt and Road Initiative, which lays out ambitious plans to build infrastructure to create a new Silk Road connecting China to the developing world and an estimated 60% of China’s outbound investment is ... Read More »

Machine learning FICO analytics can be used by lenders to match offers to risk and ability to pay Highlights: FICO and Equifax have launched the FICO® Risk and Affordability Decision Suite, powered by Equifax®, which uses advanced predictive analytics to assess a consumer’s repayment risk as well as their ability to afford new credit The FICO Risk and Affordability Decision Suite ... Read More »

Atradius reports that the increase in US protectionist measures raises Asia Pacific exporters’ fears that turnover will decline. According to a recent Atradius survey, 52% of the suppliers surveyed in China are pessimistic about potential export turnover losses due to the introduction of trade barriers such as tariffs or targeted restrictions. The opinions of Chinese suppliers are shared by respondents ... Read More »

Even after increased focus on retail lending for a decade, banks and other lending institutions have been able to tap only into a third of the estimated 220 million credit-eligible consumers. This leaves financiers with 150 million consumers who are eligible for credit but are untapped, credit information company TransUnion Cibil said in its report recently.  Of the eligible population ... Read More »

China’s first private credit-scoring company started operations  in the southern city of Shenzhen, and will be able to collect and store personal credit information as well as providing credit reports and credit scores, according to China’s news agency Xinhua. Baihang Credit Scoring was approved by China’s central bank in January and has a registered capital of 1 billion yuan ($156.56 ... Read More »

The Central Bank of Myanmar (CBM) has issued a license to Myanmar Credit Bureau Limited, allowing it establish a credit bureau in the country, according to a May 17 CBM announcement.  Myanmar Credit Bureau, a joint venture between the Myanmar Bank Association and Singapore’s Asian Credit Bureau Holdings, will collect information on loan repayment histories and other information on borrowers ... Read More »

Addition of financial data radically improves credit decision making insight for eligible, contributing businesses of all sizes Creditsafe, the world’s leading provider of global business intelligence, has announced enhancements to its U.S. credit information product portfolio with access to financial trade payment data. This information provides significantly increased insight into the credit and financial performance of businesses across the nation. The payment ... Read More »