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Arvato Invests in Brazilian Financial Services Provider Intervalor

Arvato Enters Brazilian Financial Services Sector Arvato financial solutions (Bertelsmann) acquired a 40% equity stake in the Brazilian financial services provider Intervalor.   Following the acquisition of the Gotha financial group in 2013 Arvato intends to widen its geographic footprint.   Arvato plans a step by step increase in its financial stake in Intervalor. Intervalor employs 3,000 people in in São Paolo, ... Read More »

Kreditech Appoints Oliver Prill as COO

Kreditech, the consumer finance technology Group, appointed Oliver Prill joined as Chief Operating Officer. Oliver Prill (43) has over 15 years experience in the wholesale and retail financial service industry.  Before joining Kreditech he served as an advisor to a number of funds and banks operating in the consumer finance space. He was Chief Executive of Optanus, a boutique focused ... Read More »

Europatent Sale May be Imminent

BIIA reported in two previous posts that Europatent had entered insolvency proceedings.  Password, Germany reported recently that the insolvency proceedings are still ongoing, however persistent rumors indicate that a sale of the company may be imminent.  The former general manager of Europatent, Gottschalk has moved to Palma de Mallorca, Spain and opened a new business in consulting.  The insolvency administrator has ... Read More »

GBI-GENIOS Adds 3 million Credit Reports from Creditsafe

German based online business information provider GBI-GENIOS has added 3 million comprehensive credit reports from Creditsafe Germany to its data portfolio.  The cost of a comprehensive credit report is €23.80. About:  GBI-GENIOS, the no. 1 for online business information in Germany, provides direct access to around 1,000 qualified databases with hundreds of millions of documents. Monitor with us as the economic ... Read More »

Consumer Lender Kreditech Investigates Insider Breach

Kreditech, a consumer finance startup that specializes in lending to “unbanked” consumers with little or no credit rating, is investigating a data breach that came to light after malicious hackers posted thousands of applicants’ personal and financial records online (according to KrebsOnSecurity). A source pointed KrebsOnSecurity to a Web site reachable only via Tor, a software package that directs Internet traffic through a free, ... Read More »

Creditreform Germany Announces Creation of a New International Report

Creditreform Germany has announced that it will launch shortly a new Credit Report International with a credit recommendation up to One Million Euro.  The report will contain financial statements covering up to three years and a credit worthiness index.  Monitoring International will be added to inform clients if there have been significant changes in data subject’s credit standing. In addition ... Read More »

Bertelsmann Moves into University Business

Bertelsmann takes a controlling stake in United States-based Alliant International University in a step to diversify and expand into the business of operating universities.  This is part of Bertelsmann’s strategy to make education a top priority. It has vowed to achieve 1 billion euros ($1.13 billion) in revenue from a global market which is estimated to be worth $5.5 trillion ... Read More »

Nielsen Buys Digital Content Specialist Brandbank

Nielsen has announced the acquisition of Brandbank, which collects, manages and distributes FMCG product and brand image content, via digital means, for retail syndication across in-store, print promotional and e-commerce platforms. The deal includes the integration of Brandbank teams across the UK, France and seven other European nations, plus China, Thailand and Malaysia. Nielsen is also talking to Brandbank clients ... Read More »

Payment Systems:  Creditreform Introduces CrefoPay

Creditreform Germany introduced its new payment system CrefoPay at the recent CeBIT* Convention and Exhibit Center in Hannover.  In making this announcement, Creditreform President Christian Wolfram stated: “CrefoPay is a complete solution for payment processing in online trading.  More and more consumers take advantage of shopping on the Internet – mobile generated sales in 2014 has risen 42% alone in ... Read More »

FICO Acquires TONBELLER

FICO has acquired TONBELLER, an innovative provider of financial crime and compliance solutions based in Bensheim, Germany.  The transaction has closed.  Although terms have not been disclosed, the transaction is not expected to have a material impact on FICO’s 2015 financial results.  With this acquisition, FICO has moved firmly into the rapidly growing market for financial crime and compliance (FCC) ... Read More »

Bisnode Germany Launches Online Directory

Bisnode Germany announced the launch of „Bisnode Branchenverseichnis“, an online B2B directory.  The newly conceptionalized Online-Directory contains information on approximately five million German companies.  Completeness, acuracy and timeliness of data is veryfied by Bisnode.  The Online-Directory went live on November 18th providing a variety of features permitting companies to add relevant data to their  profiles:  Logos, pictures, video, social media ... Read More »

Bürgel Launches Manager Network Powered by Axon Insight

Germany based Bürgel announced the launch of BÜRGEL MANAGER NETWORK powered by Axon Insight.  For companies the Bürgel Manager network is a Web-based service, which provides a graphic illustration of how top-decision makers are linked with their own top contacts. Essentially the new service answers questions such as:  Who is conductiong business with whom and how are they networked?  Do ... Read More »

Tonbeller Moves to Asia

Frank Reppel appointed new Managing Director of TONBELLER (Asia) Pte. Ltd., Singapore TONBELLER, internationally leading provider of software solutions against financial and white-collar crime, extends its activities in Asia by establishing TONBELLER (Asia) Pte. Ltd. The subsidiary in Singapore will attend to its Asia-Pacific customers with immediate effect. The aim of TONBELLER is to intensify local customer relations in Asia’s ... Read More »