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South Africa

LexisNexis South Africa to Acquire Korbitec

LexisNexis South Africa, part of RELX Group, has agreed to purchase Korbitec (Pty) Ltd from the Naspers Group for an undisclosed amount. The transaction is subject to approval by the South African Competition Commission.  Korbitec is a leading provider of content-enabled workflow solutions for South African property professionals, with two leading products, GhostConvey and Windeed, in addition to its Banking ... Read More »

TransUnion South Africa Forges Ahead in Voice Biometrics

TransUnion South Africa, in partnership with OneVault, has announced plans to develop a national Voice Bank.  This national Voice Bank will result in the use of stronger biometrics, like voice, to help businesses curb fraud and identity theft and therefore alleviate the growing concerns around information security disciplines. Voice biometrics is being adopted globally by companies, especially those with large contact ... Read More »

TransUnion South Africa Launches Claims Enabler

TransUnion South Africa has launched Claims Enabler, a one-stop solution for the insurance industry that empowers faster, more efficient claims processing. Claims Enabler integrates multiple data sets across the TransUnion portfolio, aggregating all of the information insurance providers need to make faster, more accurate decisions and expedite the claims process for enhanced customer service. “While all of the data used ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Austria – The abrupt departure of Finance Minister, Vice Chancellor and party chief Spindelegger will not topple the government; Israel – an interest rate cut to practically zero; Peru – the government of Pres. Ollanta Humala barely scraped through the latest confidence vote. ARGENTINA: The government’s attempts to get around Judge Griesa’s orders are getting messier and messier. While to ... Read More »

South Africa: Experian and TPN Team Up on Rental Data

Experian announced that it has signed an exclusive partnership with TPN credit bureau, the largest rental bureau in South Africa specialising in vetting tenants for rental properties.  People who live in rented accommodation and pay their monthly rent on time, will see their positive payment behavior being made accessible to participating credit providers, helping to open up access to more ... Read More »

TransUnion 2013 Revenues Up 3.8%

TransUnion reported revenue of $1,183.2 million for the full year of 2013, an increase of 3.8 percent compared to the full year of 2012.   Weakening foreign currencies accounted for a reduction in revenue of 1.6 percent.   Acquisitions accounted for an increase in revenue of 1.5 percent. Revenue for U.S. Information Services was $740.6 million, an increase of 2.1 percent compared ... Read More »

South Africa Risk Climate: Second Quarter Decline in TransUnion Consumer Credit Index Indicates Rising Retail Sector Risk

Impaired Accounts Continuing to Rise Sharply; Consumer Credit Health Deteriorating South Africa: The TransUnion Consumer Credit Index (CCI) declined to 43.6 in the second quarter of 2013 from 43.8 in the first quarter of the year. According to TransUnion, the fall in the CCI reflects escalating consumer loan impairments and sustained growth in distressed borrowing, both indicators of rising household ... Read More »

Country Risk Climate: Coface Downgrades Corporates in Europe, Ivory Coast, Japan and South Africa

Coface, the credit insurer has warned that with the ongoing malaise in the European economy, companies heavily exposed to Europe continue to be a relatively risky investment.   To that end, Coface has downgraded its risk assessment of corporates in Italy, Spain, Czech Republic, Poland and Slovenia. Political tension has led to a downgrade of corporates in Ivory Coast, while ... Read More »

S&P Capital IQ Opens New Offices in Russia and South Africa, Increases Presence in the Netherlands

To better support expanding business is Europe, the Middle East and Africa, S&P Capital IQ, a provider of multi-asset class data, research and analytics, has announced the establishment of offices in Moscow, Russia, and Johannesburg, South Africa, as well as increased presence in the Netherlands. S&P Capital IQ’s investment decision was based on the recognition of the region’s growing capital ... Read More »

Experian Launches new Tender Fraud Prevention Service in South Africa

South Africa’s fight against tender fraud is gaining ground thanks to the launch of a new service from Experian, the global information services company, which makes combating fraud easier for organisations. This is the conclusion of Experian SA’s Managing Director, Michelle Beetar, who reveals that increasing numbers of corporations in South Africa are turning to its fraud prevention system to ... Read More »

TransUnion Completes Acquisition of Majority Share of CRBAfrica – Expands Footprint in Africa

TransUnion Corp., South Africa announced the completion of  its previously announced purchase of a majority share in CRBAfrica, a credit risk management organization with a presence in eight countries across Africa. The acquisition significantly expands TransUnion’s footprint in Africa. Building on its existing presence in South Africa, Namibia, Botswana, Zimbabwe and Swaziland, TransUnion can now enhance operations in Botswana and ... Read More »

South African Risk Climate: Unsecured Lending a Threat

The double-digit growth in unsecured lending has become a threat to SA’s consumer credit health said Geoff Miller, CEO of TransUnion South Africa, following the release of its SA Consumer Index (CCI). The CCI, a measure of trends in consumer credit health, has declined to a level of 50.7 for the second quarter of 2012 from a revised 54.3 for ... Read More »

TransUnion South Africa Launches on-the-move Vehicle Verification and Valuation Reports

Johannesburg, 3 Apr. 2012 – TransUnion Auto Information Solutions has launched a mobile application that provides subscribing car dealers with an instant, anywhere, anytime report containing almost everything they need to know to make an informed buying or selling decision about a specific passenger or commercial vehicle or motorbike. Developed in association with IT business solutions integrator Business Connexion, the ... Read More »

Background Checks Business Booms Thanks to China

Firms that provide background checks on businesses and individuals from university applicants to management candidates have never been in such high demand thanks to a flood of fraudulent claims by Chinese businessmen and applicants… Some of the world’s leading commercial and private information services have reported that the growing problem of academic and work qualification fraud in China has lead ... Read More »