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Industry Dynamics

Alibaba Moves into Financial Data and Information Services

Alibaba is investing nearly $200 million in China Business News (CBN) as it prepares to move into the financial data and information services industry. In its latest foray into the financial services sector, Alibaba is teaming up with CBN owner Shanghai Media Group to create a platform aimed at SMBs that will offer financial news and information.  Alibaba says that ... Read More »

Countering Cyber Criminals with Biometrics

The growth in online banking and electronic payments has made it easier for criminals to target banks and their customers and is prompting the financial services sector to invest in new security measures:  The answer may be found in Biometrics. Banking fraud is a problem as old as banks themselves. Frauds against UK online banking customers netted £60 million in ... Read More »

Russians’ Credit Performance Is Worst in Seven Years, According to Data from FICO and NBKI

FICO® Credit Health Index fell in April to seven-year low 14.2 percent of Russian credit accounts are delinquent, twice as many as in January 2012 FICO Credit Health Index measures the amount of delinquent consumer loans and credit cards reported to NBKI, Russia’s largest credit bureau The credit performance of Russian consumers reached a seven-year low last month, according to data from FICO, the predictive analytics and decision ... Read More »

Country Risk Climates: Trends to Keep and Eye On

Brazil – important legislative victories for Ms. Rousseff; Denmark – a rosier economic picture; Guatemala – the political crisis is widening; Mexico – downward revision of growth expectations; Sweden – the markets are testing the Riksbank; Venezuela – the bolivar heads for the basement. GUINEA: The economy has been hard hit by the effects of Ebola. Even with outside help it ... Read More »

Hiring a Hacker: What is Involved?

In recent years the perception of the role of hackers is completely changed, in the past these high-skilled professionals were viewed as dangerous threats that needed to be kept at arm’s length, meanwhile today they are highly sought from private companies and intelligence agencies. Hacking services today are required not only by private companies and not only for legal purposes, ... Read More »

J.D. Power to Acquire NADA Used Car Guide

J.D. Power and the National Automobile Dealers Association (NADA) announced an agreement under which J.D. Power will acquire NADA’s Used Car Guide business, a premier source of used-vehicle values. The transaction is expected to close early in the third quarter of 2015 and is subject to Hart–Scott–Rodino Act review. Established by NADA in 1933, NADA Used Car Guide is a leading ... Read More »

IRI Acquires Chinese MR Firm Datasea

Retail and healthcare data giant Information Resources Inc (IRI) has acquired Chinese MR and analytics services company Datasea, which focuses on the retail and CPG industries. Terms of the deal were not disclosed. Datasea has offices in Beijing, Shanghai, Guangzhou and Jinan, supported by a nationwide service network. The firm provides customer research, brand research, satisfaction and loyalty programs, new ... Read More »

HC International’s Revenue and Profit Down in Q1 2015

HC International announced Revenues were US$34 million, a decrease of 5.5% compared with the same quarter last year. Profit in the quarter also recorded a drop falling 41% down to US$4.0 million.  Diluted earnings per share in the period were RMB 0.0365 (US$0.0059). Almost 80% of the Beijing-based company’s revenues were generated from online services amounting to US$27 million. This ... Read More »

Chicago PMI Plummets – Inventory Story Emerges.

Armada Corporate Intelligence have been keeping you abreast of what we thought was one of the big problems with Q2 economic activity – namely that it is a lot weaker than many thought it should be. The Chicago PMI came in at 46.2, contraction zone activity and far worse than the 52.3 posted in April. But, media outlets had officials ... 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 »

Alibaba Group Acquires Stake in Chinese Logistics Company

Alibaba Group announced the acquisition of a minority stake in the Shanghai YTO Express (Logistics) Company. Financial details were not disclosed. Both companies plan to cooperate in developing logistics solutions to improve efficiency of China’s logistics industry. YTO Express will work closely with Alibaba’s logistics subsidiary Cainiao to enhance the industry’s logistics management capabilities as well as international and rural ... Read More »

FINTECH: Potential Solution to the SME Access to Finance Issue

News from the Fintech ‘front’ in Australia:  Fintech (financial technology) is a line of lending businesses using software for the purpose of disrupting incumbent players such as banks. Fintech companies work outside current banking regulations.  The attraction of fintechs is the expectation of a “quick yes” via a streamlined online approval process. Fintechs tap into a huge diverse of unstructured ... Read More »

Shandong Province’s Dongying Establishes City-level Credit Reference Platform

There are now a reported 31 micro credit companies, 24 financing guarantee companies, and 25 private capital management companies operating in Dongying, Shandong Province. To better regulate and ease the loans approval process for small- and medium-sized enterprises (SMEs), the city-level government of the Chinese city has now established a financial credit platform to consolidate credit information for the local ... Read More »

The Perils of Operating a Search Engine Business: Google Asked to Remove 345 Million Links

The perils of operating a search engine business:  Copyright holders asked Google to remove more than 345,000,000 allegedly infringing links from its search engine in 2014. The staggering number is an increase of 75% compared to the year before. While Google has taken some steps to downrank pirate sites, the rate at which takedown notices are sent continues to rise. ... Read More »