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The BIIA Network

CRIF at the Launching Ceremony of Bayan Credit Bureau in Saudi Arabia

As the technology partner of Bayan, the leading business credit information provider specializing in local and international reporting and credit risk systems, CRIF developed the credit bureau platform as well as providing Bayan with business information and iTrade platforms. Established in 2015, Bayan Credit Bureau is a joint stock company licensed by the Saudi Arabian Monetary Agency (SAMA), with a ... Read More »

What Grows, what Does Not?

This is a brief comparison of revenue growth of major credit information companies in the third quarter of 2017. The winner on growth was GBGroup UK (identity experts) who reported 18% organic growth and 40% including the effects of the PCA Predict acquisition.  TransUnion grew by 14%. Equifax domestic revenue growth was impacted by the effects of the data breach ... Read More »

HG Data App now on the Salesforce AppExchange

HG Data Announces Its HG Data App on the Salesforce AppExchange, the World’s Leading Enterprise Apps Marketplace HG Data is a new Lightning Data app that allows customers access to technographics in Salesforce HG Data, a global leader in company intelligence for B2B technology marketers, today announced the launch of its newly enhanced HG Data app on the Salesforce AppExchange, empowering businesses to ... Read More »

Forrester Research Q3 2017 Revenues Up 3.9%

Total revenues were $80.4 million for the third quarter of 2017, compared with $77.4 million for the third quarter of 2016. Research revenues increased 3%, and advisory services and events revenues increased 6%, compared with the third quarter of 2016. On a GAAP basis, net income was $4.0 million, or $0.22 per diluted share, for the third quarter of 2017, ... Read More »

Cerved Information Solutions Q3 2017 Revenues Up 6.7%

Cerved reported revenues of Euro 288.9 million, +6.7% compared to Euro 270.8 million in the first nine months of 2016 adjusted EBITDA: Euro 132.1 million, +3.8% compared to Euro 127.3 million in the first nine months of 2016, resulting in an Adjusted EBITDA margin of 45.7%; Adjusted Net Income: Euro 68.4 million, +10.0% compared to Euro 62.2 million in the ... Read More »

Atradius Opens Offices in Bulgaria and Romania

Credit insurer Atradius further expands their international presence with two new locations in Bulgaria and Romania. Effective immediately, the company will be consulting its clients and business partners in the capital cities of Sofia and Bucharest. Atradius is the second largest provider of credit insurance in the world, providing companies with protection in the event their customers delay or default ... Read More »

Creditinfo and dataminingapps.com in Co-operation

Creditinfo and www.dataminingapps.com have agreed to work together to conduct research into the predictive nature of location and mobile call data to enhance the ability to increase access to credit for the unbanked. With more than 2 billion people in the world without formal banking and access to credit it is important innovative methods are found to introduce people to the formal sector. ... Read More »

Creditsafe in Partnership with ESP Receivables Management

Integration of ESP’s Collection Solution to Creditsafe Platform Offers New Possibilities to Clients Creditsafe, has announced a partnership with ESP Receivables Management.  Under the terms of the agreement, Creditsafe will incorporate ESP’s innovative debt-collection system into the Creditsafe Business Intelligence Platform. “We are delighted to be able to offer this new capability to our customers,” said Matthew Debbage, CEO of ... Read More »

Credit Reference Agencies Combine to Help Henders Prepare for GDPR

Callcredit, Equifax and Experian are launching an industry-wide Credit Reference Agency Information Notice (CRAIN) in readiness for the implementation of the new General Data Protection Regulation (GDPR) on 25 May 2018. This notice will ensure that the financial industry delivers standardised, clear and consistent information to consumers to explain how credit reference agencies (CRAs) use and share personal information, the ... Read More »

TransUnion Launches Mobile Credit Platform in Rwanda

TransUnion Africa, a provider of global information solutions for assessing and managing risk, has launched Menyesha, a mobile credit reporting platform, to cater to the Rwandan market. Menyesha, literally “Inform Me” in Kinyarwanda, represents a leap forward in the way this historically underserved – but rapidly digitising – population can interact with lenders and other financial service providers. Using SMS ... Read More »

Russian Small Business Community is Poised to Take on a Larger Share of the Economic Activity

Small business accounts of 30% of the annual revenue of Russian businesses.  This assessment is based on an analysis by Credinform Russia of financial statements of the fiscal year of 2016. Since the beginning of market reforms in Russia, economists have argued about the important role of small business in the development of the domestic economy, as exemplified by other ... Read More »

TransUnion Announces Integration of DriverRisk into StoneRiver’s Insurance Management Systems

StoneRiver will be better able to lower carrier costs and increase underwriting precision and speed TransUnion (NYSE: TRU) announced that StoneRiver, Inc., a trusted insurance technology partner, has integrated TransUnion DriverRisk’s highly accurate court record violation information into its insurance management system. DriverRisk optimizes underwriting by delivering timely Motor Vehicle Report (MVR) alerts so StoneRiver’s insurance clients can screen drivers and life ... Read More »

KYC & AML Compliance Gets a Boost by Covering 2 Billion Relationships

Thomson Reuters has launched an industry-first graph of the relationships between people, organisations and metadata that allows financial services clients to understand over 2 billion connections within the financial ecosystem. Using big data management techniques and machine learning, Knowledge Graph can be embedded into information systems to support search and discovery of links between individuals, entities and taxonomies. “The largest ... Read More »