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Commercial Credit Information

SME Access to Finance: New RBS Allegations Highlight a Brutal Climate for SME Borrowers

While the G20, in tandem with other government or non-government institutions, are trying to prop up the SME sector by providing better access to finance, it is disturbing to note that some financial institutions have been rather heavy handed in dealing with SMEs.  It is no surprise that the SME sector is increasingly dependent on alternative finance such as factoring, ... Read More »

Credit Management: The Climb Continues – Measuring the Ever-increasing Value of the Credit and Risk Management Skill Set

A new report published by Accenture in September found that risk management is figuring into more and more companies’ decision –making processes as they continue to adapt to the market.  The 2013 edition of Accenture’s Global Risk Management study found that 98% of firms surveyed give a higher priority to risk management now than they did two years ago, and ... Read More »

Commercial Credit Information in Spain: An Overview

INFORMA D&B provided recently an overview of the roles of commercial credit and commercial credit reporting to a group of international credit professionals and central bankers.  The presentation contains details of the impact of credit on the national economy of Spain and answered the question “What is Commercial Credit Information used for? Find and gain knowledge about companies and their ... Read More »

Forget Microlending! India Needs Basic, Competent Credit Reporting

According to and article in Businessweek, K. C. Chakrabarty, deputy governor of the Reserve Bank of India, offered in recent speech an additional way to expand credit:  Better credit reporting.  No shepherds with phones, no happy mothers of four with new sewing machines.  Just credit reporting, plain old attention to detail, and administrative competence.  Chakrabarty indicated that it would help ... Read More »

Encompass White Paper: Overcoming the Hidden Costs of Information Management

BIIA member Encompass, Australia has recently published a White Paper on ‘Overcoming the Hidden Costs of Information Management’.   Many organizations in the financial services, accounting and legal industries rely on commercial information in order to make business critical decisions on a daily basis. Although commercial information is readily available from various sources, the real costs are often hidden.  These ... Read More »

Australian Risk Climate: New Legislation a Game-Changer for Commercial Risk Management

New Comprehensive Reporting legislation will add significant value to the assessment of the commercial risk of small businesses”, says Veda’s General Manager – Commercial Risk Products, Moses Samaha.  Speaking at a recent Veda road show to more than 150 Trade Credit businesses, Samaha urged creditors to also assess the credit profile of the directors and proprietors behind a company or business ... Read More »

Mandatory Disclosure and Social Media

The U.S. Securities and Exchange Commission indicated that companies can use social networks to disclose financial data.  BIIA welcomes the broader use of media for companies to disclose their quarterly and annual results.  It may lead to more voluntary disclosure by non-listed companies.  The US is way behind the EU and other nations which require non-listed companies, such as limited ... Read More »

China Regulates Credit Information

According to a press release of the Legislative Affairs Office of the People’s Republic of China, Premier Wen Jiabao, presiding over a State Council executive meeting, examined and adopted the “Credit Management Ordinance”. The legislation covers consumer and commercial credit information and took several years of extensive consultation between the Legislative Affairs Office of the State Council, the People’s Bank ... Read More »

FICO European Risk Survey Shows a Rocky Road Ahead

FICO’s latest survey of European credit risk managers with Efma indicates that credit demand and supply will be reduced in almost all markets. A startling 88% of respondents say that more small businesses will turn to alternative sources to fund capital, and the same percentage say that more consumers will turn to micro-lending for their borrowing needs.  This may not ... Read More »

Commercial Credit Information: Imperatives for Sharing of Payment Data

A recent survey of the US based National Association of Credit Management (NACM) revealed that 46% of respondents did not share trade payment data with commercial credit information companies (Credit Professionals Split on Sharing A/R Data).  BIIA’s Board Member and Contributing Editor Phil Cotter examines the reasons behind the aversions to share trade payment data and what can be learned ... Read More »

BIG Data: HG Data Tracks the Relationships Between Businesses Themselves – For BIIA Members –

Meet HG Data:  A company which says “We’re Data Scientists”. At HG Data’s lab in California, our data scientists are pioneering surprising new ways to procure, extract and apply data.  We love the astounded look on our customer’s face upon first seeing what we (and our databases) can deliver. We launched our first company, NOZA, in 2005.  That’s where we ... Read More »

National Trade Credit Report Website Now Live

NACM-National and NACM affiliates from around the nation proudly unveiled a website for the NACM National Trade Credit Report (NTCR). The site ( http://www.tradecreditreport.com ) is designed to educate potential users on the NACM National Trade Credit Report by providing information on various aspects of what is included in the reports, viewable samples, downloadable brochures and links to help find ... Read More »

The Case for Continuous and Systematic Monitoring of Business Relationships

As business relationships continue to expand globally and in complexity, monitoring and analyzing business partners and clients takes on added importance. Portfolios are increasingly diverse and comprised of partners from all corners of the globe, each of whom, can have a direct impact on credit default risk. The business environment is mandating cost reductions interestingly at a time when proactive ... Read More »

TransUnion Payment Hierarchy Study Finds Consumers Paying Auto Loans Before Credit Cards and Mortgages

Recent updates to a key TransUnion study found that in 2011 consumers were more likely to pay their auto loans before their credit cards and mortgages. This insight was gained through TransUnion’s Payment Hierarchy study update, which also found that the divergence in payment patterns — where consumers are increasingly apt to pay their credit cards before their mortgages — ... Read More »

Financial Disclosure or Communication – A Necessity for Small and Midsize Companies

Financial disclosure and regular shareholder communication are requirements for large enterprises.  The customary glossy annual reports and quarterly statements give the impression that such practices are reserved for capital corporations only. Small, and in particular medium-sized companies generally believe that such practices do not apply to them.  To the contrary, small and medium size enterprises should adopt disclosure and communications ... Read More »