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Industry Dynamics

Salesforce.com, Inc. Acquires Authentication Software Developer Toopher

Salesforce.com, Inc. has acquired Toopher Inc. an Austin based start-up that is known for its two step authentication security solutions. Toopher was launched in January 2011 by Evan Grim and Josh Alexander. Grim holds a PhD in software engineering from University of Texas while Josh Alexander worked as an adjunct professor for UT’s McCombs School of Business.  Together they formed ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Tajikistan – an unwitting but hard-pressed victim of Russia’s troubles; Thailand – a lifting of martial law, but in name only; United Arab Emirates – new, more relaxed rules governing IPOs. ARGENTINA: A slew of measures to benefit consumers are being unveiled as the country prepares for elections, but they will not do much to crank the ailing economy into higher ... Read More »

CoreLogic Releases Property Risk Assessment Platform RCT Express 4.2

CoreLogic, a global property information, analytics and data-enabled services provider, has released RCT Express 4.2, an expanded property risk assessment platform offering the insurance industry a fully-integrated and complete view of property risk that includes comprehensive building and contents valuation estimates.  RCT Express 4.2 is contents estimating technology that integrates into an existing valuation platform so insurance providers can include ... Read More »

FICO Offers Consumers Access to 19 Versions of Most Used Scores by Lenders

FICO (NYSE:FICO) announced it is providing consumers with access to the 19 most commonly used versions of the FICO® Score from the three major credit bureaus at myFICO.com. Together, these 19 score versions represent approximately 95 percent of FICO® Scores sold and used by lenders. The offering from FICO enables consumers to quickly understand their overall credit health. Consumers can view their base FICO® Score 8 ... Read More »

US – Pakistan Credit Initiative Targets Small- to Medium-Sized Pakistani Businesses

A bilateral government initiative aims to grow micro- to medium-sized businesses in Pakistan through a new, U.S. government-launched program. The effort marks the first escalation of business collaboration between the nations, which have seen relations worsen significantly this decade, in some time. Announced recently, the U.S.-Pakistan Partnership for Access to Credit program partners the U.S. Agency for International Development (USAID) ... Read More »

IBM Acquires AlchemyAPI Enhancing Watson’s Deep Learning Capabilities

IBM announced it has acquired AlchemyAPI, a leading provider of scalable cognitive computing application program interface (API) services and deep learning technology. The acquisition will accelerate IBM’s development of next generation cognitive computing applications.  The acquisition also significantly expands the Watson ecosystem, welcoming 40,000 developers that have innovated on the AlchemyAPI platform to the IBM Watson developer community. Financial terms of the deal were ... Read More »

USA Country Risk Climate: Credit Management Index Signals Financial Stress

The March report of the Credit Managers’ Index (CMI) from the National Association of Credit Management fell further this month, surprisingly, indicating that some serious financial stress is manifesting in the data.  Concern is growing as the CMI flirts with the contraction zone, anything under 50, for the first time in nearly five years.  “We now know that the readings ... Read More »

FICO, LexisNexis Risk Solutions & Equifax Joining to Generate Trusted Alternative Data Scores for Millions More Americans

FICO will use LexisNexis and Equifax alternative data to create scores for potentially 15 million unbanked and under-banked consumers FICO, LexisNexis® Risk Solutions, and Equifax today described details of a pilot program currently underway.  The pilot program allows 12 of the largest credit card issuers in the U.S. to use alternative data to identify creditworthy individuals who would otherwise be ... Read More »

Thomson Reuters Launches Westlaw Asia

Thomson Reuters has launched Westlaw Asia, a single legal research platform, to deliver key resources such as cases, legislation, law journals and legal commentary to legal professionals in a user-friendly format.  The platform includes dedicated Westlaw Philippines content.  The Westlaw Asia platform currently covers the following jurisdictions: Hong Kong, India, Malaysia, Philippines, Singapore and the UK. This new service is ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Belarus – stirring up the potash market; Middle East – alarming developments in Yemen that open up a new front in the Sunni-Shia confrontation; Nigeria – on the eve of potentially troubled elections; Tajikistan – FX crisis made in Russia; Ukraine – financial help may have to wait. AUSTRALIA:  The coming weekend may pose a new political challenge for the ... Read More »

Harte Hanks Acquires 3Q Digital, Inc.

Harte Hanks announced the acquisition of privately-owned 3Q Digital, Inc., a leading digital marketing agency, adding pace towards achieving Harte Hanks’ strategic goal of leadership in customer interaction. The transaction closed on March 16, 2015. Under the terms of the definitive agreement, Harte Hanks paid an initial sum with additional consideration payable upon the achievement of challenging performance goals over ... 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 »

Trade Credit Insurance:  Russell Group Ltd Publishes White Paper on Important Indicators

Leading risk analysis firm Russell Group Limited has written a new Trade Credit Insurance Market Overview: Inside or Outside the Risk Kaleidoscope in 2015: The Search for Granularity. Based on members’ input, ICISAs executive director Robert Nijhout was, among others, asked to share views about the industry with Russell Group Ltd. for this publication. The Trade Credit Regional Overview encompasses ... Read More »

Salesforce Adds Capabilities to its Marketing Cloud with Predictive Decisions

Salesforce has added capabilities to its Marketing Cloud with the release of Predictive Decisions, which will give marketers greater power to make use of data to organize their campaigns. Predictive Decisions includes three key improvements. The Collect Beacon feature allows companies to insert a line of java script into their Web sites or mobile applications to observe and track consumer ... Read More »