Home » Industry Dynamics (page 34)

Industry Dynamics

Accounting Scandal Hits Alibaba’s New Film Company

‘Big Deals are generally made in heaven’, meaning in clear text a particular deal is negotiated between principals, who are in a hurry and believe it they know all the facts.  Under such circumstances due diligence usually takes a back seat. Due diligence is now being questioned in the latest scandal involving Alibaba’s US$ 800 million acquisition of China Vision.  ... Read More »

Bank Payment Obligations & Friends have a Stranglehold on the LC and will soon finally lay it to rest….

Alas poor Letter of Credit!  I knew him well, Reader: a fellow of infinite costliness and complexity, but most excellent utility in enabling trade betwixt strangers. How so the demise of the LC?  He doth bestride the narrow world like a Colossus, and all petty alternatives walk under his huge legs and peep about. BIIA’s contributing editor Ron Wells writes about ... Read More »

Consumer Financial Protection Bureau: Honing in on Debt Collection Practices

In its Spring Rule Making agenda the Consumer Financial Protection Bureau (CFPB) is honing on debt collection practices.  The CFPB has been doing research and outreach to assess issues in various other markets for consumer financial products and services over many months.  In November 2013, the CFPB issued an advance notice of proposed rulemaking seeking comment, data, and information from the public ... Read More »

LexisNexis Risk Acquires Coplogic

LexisNexis® Risk Solutions announced the acquisition of Coplogic, a leading provider of citizen self-reporting software solutions to law enforcement agencies. The acquisition which includes Coplogic’s technology, staff and book of business adds a citizen incident reporting capability to the LexisNexis eCrash solution. As a result of the acquisition, law enforcement agencies will experience significant time savings and efficiencies that enable ... Read More »

eBay Considers BITCOIN for Use in its Payments Unit

The Wall Street Journal reported on that eBay has been aiming to add bitcoin to its PayPal Braintree business, a payment platform used by online and mobile startups that the company bought last year. If that happens, then people would be able to use bitcoin to pay for rental places at Airbnb, restaurant reservations throughOpenTable, car rides through Uber, and other services offered by Braintree ... Read More »

Wolters Kluwer Teams with Broadridge on Cost Basis and Tax Reporting

Wolters Kluwer Financial Services has partnered with Broadridge Tax Services on combining their cost basis and tax reporting compliance systems.  The partnership unites Wolters Kluwer’s GainsKeeper CompleteDebt software with Broadridge Tax Data Services to improve tax reporting and reconciliation to meet the needs of broker-dealers for reporting debt, equities, mutual funds, options and other types of assets. GainsKeeper CompleteDebt debt ... Read More »

Google Acquires Jetpac

Google has bought the startup behind a Jetpac mobile application that creates insightful travel guides by analyzing pictures from social networks such as Instagram. Jetpac announced that its application would be removed from Apple´s online App Store in the days ahead and that it would stop supporting the software in the middle of September. Jetpac mines publicly shared pictures for ... Read More »

MSCI Completes Acquisition of GMI Ratings

MSCI Inc. (NYSE:MSCI), a leading provider of investment decision support tools worldwide, announced today that it has completed the acquisition of GMI Ratings through its subsidiary MSCI ESG Research Inc. GMI Ratings is a provider of corporate governance research and ratings on over 6,000 companies worldwide. Clients of GMI Ratings include leading institutional investors, banks, insurers, auditors, regulators and corporations seeking to ... Read More »

UBM’s Events Revenue Down 2.8% in First Half of 2014

London-based, UBM plc reported its interim results for the six months ended 30th June 2014. Revenues in the first half were £361 million (US$618 million), down 7.9% from last year. UBM’s management attributed the drop to strong fluctuations in foreign currency exchange rates. However, adjusted operating profit grew by 8.7% to £87 million (US$150 million) during the period. Revenues generated ... Read More »

Kroll Ontrack Announces New Version of Its Proprietary Remote Data Recovery Service

Kroll Ontrack, the leading provider of data recovery and ediscovery, announced the availability of a new version of its Ontrack® Remote Data Recovery™ (RDR®) software. RDR is a patented, proprietary service that provides a fast and secure solution for data loss situations. Utilizing the new version of RDR, Ontrack Data Recovery engineers can work more efficiently on a specific data loss problem, saving valuable ... Read More »

USA Risk Climate: Is the US Facing the Dawn of a New Debt Crisis?

Fico in its latest blog refers to an Urban Institute study, “Delinquent Debt in America,” where a random sample of US credit data revealed that approximately 35% of adults “have debt in collections reported in their credit files,” with an average debt of over $5,000.  The study focused on non-mortgage debt, including medical debt, utility bills, membership fees and phone ... Read More »

Connotate Appoints Rich Kennelly as Chief Executive Officer

Experienced tech executive takes the helm of leading Web data extraction company Connotate announced the appointment of Richard J. Kennelly as chief executive officer.  Mr. Kennelly has over 20 years of high tech experience with a proven track record in growing businesses that deliver and leverage data via the Internet.   Most recently, as President of Ipswitch’s File Transfer Division, he ... Read More »

Business.com Launches New B2B Digital Media Platform

Business.com launches a new platform that transforms the way B2B marketers connect with buyers, accelerating the company’s mission of providing executives the ability to acquire the knowledge, products and services they need to run their businesses. The new platform and site uses a state of the art data platform, combined with a powerful content delivery system, to deliver high quality ... Read More »

Yahoo Appoints Mike Kail as Chief Information Officer

Yahoo! Inc. (NASDAQ: YHOO) announced that Mike Kail has joined the company as CIO and SVP, Infrastructure.  In this role, Mike will lead Yahoo’s IT and data center operations, reporting to CEO Marissa Mayer. Kail brings more than 23 years of IT Operations experience, with a focus on highly scalable architectures, to Yahoo. Most recently, he served as VP of ... Read More »

FICO Survey: Mobile Banking Drives Customer Loyalty and Satisfaction

A comprehensive survey of U.S. bank customers conducted for FICO found that 82 percent of mobile banking app users are satisfied with their bank, compared with only 71 percent among those who do not use a mobile banking app, and 76 percent of the mobile app users are likely to recommend their bank, compared with only 67 percent of the non-users. The survey also ... Read More »