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Consumer Credit Information

The World Economic Forum: Disruptive Innovations are Reshaping Financial Services

We have recently come across this impressive document published by the World Economic Forum.  Our members should add it to their list of summer readings.  Especially those members who work in credit information services.  Credit and information are intertwined and whatever happens in the financial services sector will ultimately impact credit information.  Intelligent trading platforms which link buyers and sellers ... Read More »

TransUnion IPO Launched on New York Stock Exchange

TransUnion, which shares the title as one of the big three credit-reporting firms with Equifax and Experian, opened trading on the New York Stock Exchange Thursday June 25th up at $24.62, 9.4% above its initial public offering price of $22.50. It’s stayed pretty steady ever since, trading at $24.66 in recent trading. It was not the credit-reporting company’s first attempt to ... Read More »

Commercial Credit Bureau (SCCB) Singapore and Hospital Alliance Singapore to Launch Special Credit Reporting Service

A new credit report has been launched in Singapore to help hospitality firms in their risk management.  The SCCB Hospitality Credit Report is a joint effort by Singapore Commercial Credit Bureau (SCCB) and Hospitality Alliance Singapore (HAS).  It will be made available to members of seven key associations under HAS, benefitting some 80 hospitality firms. According to SCCB, payment performance ... Read More »

FINTECH is Changing the Credit and Credit Information Landscape

FINTECH the disrupting force in lending and credit information   FINTECH, it stands for financial technology, is a new interesting concept –  its all about lending without having to use a credit bureau and being outside banking regulations.  A large amount of capital is already flowing into this sector.  It has yet to be seen whether the performance data of ... Read More »

PERC Study on Expanding Credit Access for ‘Credit Invisibles’

Fully Reported Utility and Telecommunications Payment Data Could Expand Credit Access for “Credit Invisibles,” PERC Study Finds Using fully reported utility and telecommunications payment data (timely and late payment information) in credit reports and credit scores could expand credit access for significant numbers of Americans with thin or no credit files while decreasing credit risk for lenders overall, according to ... 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 »

PPCB, CRIF’s partner in Vietnam, joins the Vietnam Banking Association

PCB (Vietnam Credit Information Joint Stock Company), whose major shareholder and local strategic partner is CRIF, has officially become a member of the Vietnam Banking Association. During an event held in Hanoi on April 20, the Vietnam Banking Association celebrated the admission of new members and signed a cooperation agreement with PCB. The support and welcome of the members of ... Read More »

CoreLogic Introduces HOA Super Lien Check

CoreLogic has introduced HOA Super Lien Check, a solution that helps investors and servicers monitor “at-risk” properties in the 22 states that give HOAs super lien status. There are 22 states that give homeowners associations (HOAs) super lien status in the event of a foreclosure. What that means is that if an HOA slaps a lien on a property that ... Read More »

China’s Tencent Enters Credit Information

The approval of eight enterprises by China’s PBOC to enter the personal credit market in 2015 sees Internet giants Aliba (Alipay) and Tencent competing for a piece of the market share.   General Manager of Tencent Credit Services, Wu Dan, disclosed at the Global Mobile Internet Conference (GMIC) in Beijing that the company is currently establishing personal credit rating reports ... Read More »

To Make Ends Meet:  Australians Struggle to Reduce Debt as Cost of Living Continues to Rise

Eighty-eight per cent of Australians say day-to-day expenses, rent or mortgage repayments, groceries and bills, are the most common roadblocks to paying down debt, according to new research by Experian, the global information services company. Experian research also showed 65 per cent of Australians incorrectly believe contributing to superannuation or saving money can have a positive impact on your credit ... Read More »

Informa D&B Launches InfoDeuda

INFORMA D & B has launched InfoDeuda, the first file that includes details of more than a million records of individuals with unpaid debt in Spain. The file, run by Experian Credit Bureau Spain, includes information on certain due and payable debt.  This information will be included in Particular Defaults reports that INFORMA have available both informa.es and einforma.com . Natural and legal persons can access data InfoDeuda demonstrating that they ... Read More »

Experian and Kredi Kayit Burosu (KKB) Turkey in Partnership on Data Governance

The joint initiative will enable banks to make more accurate credit decisions, thanks to increased data quality. Experien and Kredi Kayit Burosu (KKB), the first and only credit bureau in Turkey, have signed an agreement for a project that will ensure more accurate credit decisions are being made, thanks to the most comprehensive data quality project that has been carried out ... Read More »