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BIIA APCCIS Workshop on Data Standards

October 29th 2015; Time: 09:30 am to 12:30 pm – Park Lane Hotel, Hong Kong – Limited Seating The purpose of the workshop is to determine whether standardization of data and formats would be of benefit to credit reporting institutions and data users.  Standardization is also seen as a facilitator for greater information sharing between private credit bureaus, public credit ... Read More »

Equifax in Partnership with National Independent Automotive Dealership Association

Equifax Expands NIADA Partnership to Provide Industry Insight and Consumer Auto Loan Payment Reporting Capabilities to Independent Dealers Equifax Inc. is expanding its partnership with the National Independent Automotive Dealership Association (NIADA) to support independent and Buy-Here-Pay-Here (BHPH) dealerships. For the 2015 NIADA Used Car Industry Report, Equifax provided insight on subprime auto lending trends and partnered to conduct the ... Read More »

TransUnion Partnership with CellControl Saves Lives

In late May, TransUnion announced a new partnership with Cellcontrol to offer a new technology that provides enhanced protection against distracted driving. The announcement was made at TransUnion’s Insurance Summit in Chicago, a two-day gathering of more than 100 insurance executives from across the nation. In conjunction with the announcement, TransUnion released the findings of its teen driving survey, which polled ... Read More »

TransUnion and Cellcontrol Partner to Reduce Losses Associated with Distracted Driving in Insurance Telematics Solution

Recent Survey Reveals Parents Demand Distracted Driving Protection Technology TransUnion and Cellcontrol, a leader in distracted driving prevention and usage-based insurance data collection, have joined forces to offer a new technology that provides enhanced protection against distracted driving. The announcement was made at TransUnion’s Insurance Summit in Chicago, a two-day gathering of more than 100 insurance executives from across the ... 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 »

Is There a New Breed of Forward Looking Credit Bureau Solutions on the Horizon?

When asked what made him an outstanding hockey player Wayne Gretzky replied,” I skate where the puck is going, not where it has been”. Unlike today’s credit characteristics which are based upon an historical perspective of a consumer’s behavior, this new breed of credit characteristics anticipate future consumer credit profiles allowing lenders to tailor credit offerings and risk management strategies ... Read More »

FINTECH at its Best: Goldman Sachs Enters the Fray

Goldman Sachs is entering online lending!  BIIA editorial comment. Six months ago Goldman Sachs was a lead underwriter on the initial public offering of Lending Club, the biggest and brashest of a new breed of online lenders.  There it got an inside view of how financial disrupters work.  Now this financial powerhouse is looking to disrupt the disrupters, launching its ... 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 »

Dun & Bradstreet Shifts to Partnership Model in Australia/New Zealand Market to Focus on Core Commercial Strategy

Dun & Bradstreet (NYSE: DNB) today announced it is shifting its Australia/New Zealand (ANZ) business to a Worldwide Network partner model. Archer Capital, a leading Australian private equity firm – via its newly-formed Credit Data Solutions* business – will acquire the entirety of Dun & Bradstreet’s ANZ business, including consumer risk and debt collection, and commercial solutions, for AUD $220 ... Read More »

Callcredit Launches DeviceRisk to Protect Customer Enrolments

Callcredit Information Group has launched DeviceRisk which will be immediately available via its flagship Fraud and ID solution, CallValidate.  Powered by the risk solution from anti-fraud company iovation, DeviceRisk captures information relating to the device used by a consumer during any interaction and returns critical information in real time to highlight any risk associated to that specific device. Devices such ... Read More »

Veda Quarterly Consumer Credit Demand Index: Strongest Growth in Credit Card Cemand in almost a Decade

The Veda Quarterly Consumer Credit Demand Index, which measures the volume of credit card and personal loan applications processed through Veda’s Consumer Credit Bureau, saw a lift in consumer credit demand in the March quarter, with annual growth of  3.9% compared with the same period last year. Demand for credit cards, up +13.5% for the quarter, was offset by a -5.2% ... 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 »

Veda Partners with MOGO

Veda partners with MOGO to bring real-time income checks to financial institutions Financial institutions in Australia are preparing to move away from manual handling of income and expense checks using a new automated tool that will speed up the loan application process and reduce paperwork. MOGObankconnect is a simple, secure and effective verification solution for financial institutions.  Veda, the leading ... 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 »