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Veda Introduces Enhanced Credit Reporting Solution for Small Amount Lenders

New requirements to Responsible Lending laws impacting small amount lenders (micro-financiers) will be made easier with the introduction of an enhanced credit reporting solution from Veda, one of Australia’s leading credit information solutions provider. Underpinned by the most complete consumer credit reporting information data set available in Australia, Veda’s enhanced credit reporting solution combines Veda’s credit report and scores with ... Read More »

Equifax Acquires Controlling Stake in Analytics Company NettPositive India

According to Reuters, Equifax Inc has acquired a controlling stake in NettPositive Business Analytics, a Bangalore-based company that provides analytics and business intelligence solutions to the financial services, insurance, retail and telecommunications sectors.  The financial terms of the transaction have not been disclosed. With this acquisition, NettPositive’s operations and services will become part of Equifax. NettPositive is a differentiated provider ... Read More »

Equifax Announces Signing of Definitive Agreement to Purchase the Credit Services Business of Computer Sciences Corporation for $1.0 Billion

Equifax Inc. (NYSE: EFX) today announced that its subsidiary, Equifax Information Services LLC, has entered into a definitive asset purchase agreement with CSC Credit Services, Inc., a subsidiary of Computer Sciences Corporation (NYSE: CSC), to purchase certain credit services business assets and operations of CSC. The purchase price is $1.0 billion in cash.  As a result of this transaction, Equifax ... Read More »

TransUnion: Hospitals See Point-of-Service (POS) Intelligence as Key to Tackling Growing Revenue Cycle Challenges

A TransUnion Healthcare survey of healthcare executives found that hospitals and health systems across the country see point-of-service (POS) technology as a key tool for managing patient payment challenges threatening their bottom lines. Ninety-three percent of executives participating in the survey said their institutions are either using POS technologies or have plans to invest in them. Most executives surveyed believe ... Read More »

Australian Risk Climate: National Credit Manager Survey Confirms 2012 was Tough for Creditors; 2013 Looking More Positive

Australia’s credit managers have confirmed that 2012 was a particularly tough year for creditors, with most battening down the hatches and insulating their organizations from potential defaults via tighter lending criteria, shortening payments terms and a tougher line on unpaid accounts. Released today the Credit Management in Australia 2012 report from Veda, Asia Pacific’s leading provider of consumer and commercial ... Read More »

CRIF S.p.A. Establishes Office in Indonesia

CRIF, a company specializing in the development and management of credit reporting, business information and decision support systems, has opened an office in Jakarta, Indonesia, as part of its regional expansion strategy.  With existing operations in China, and partnerships in Vietnam, India and Bangladesh, the new representative office in Indonesia will strengthen the company’s presence in the country as well ... Read More »

What is “Alternative” Credit Data?

When one stops to think about it, the term “alternative credit data” is a catch-all phrase to describe data that is not currently reported on mainstream credit reports.  But what, in reality, is alternative about it? For millions of people, it may not be alternative data but the only credit record they have.  For these consumers, it would seem it ... Read More »

L2C Secures Strategic Investment from Core Innovation Capital

Funding from Center for Financial Services Innovation (CFSI) Partner to Accelerate Growth in 2012 L2C, Inc., a consumer scoring and analytics company offering standard and customized analytical solutions for the consumer credit industry, announced today the closing of a strategic investment by Core Innovation Capital, the investment partner of the Center for Financial Services Innovation (CFSI). The financing will be ... Read More »