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Financial Inclusion: TransUnion’s CreditVision Risk Score Raises Eligibility for better Terms

A recent TransUnion study found that more than 23 million U.S. consumers would be classified as Super Prime, the highest-rated consumer credit risk group, when evaluated by TransUnion’s CreditVision® risk score. Compared to the use of a traditional risk score, the use of CreditVision would increase the percentage of consumers in the Super Prime risk category from 12% to 21%. ... Read More »

Central Bank of Ireland Has Selected CRIF as Partner to Operate the Central Credit Register

The Central Bank of Ireland has selected CRIF SpA as its partner to establish and operate the Central Credit Register (CCR).  Contracts have been signed with CRIF Ireland Limited, a wholly owned subsidiary of CRIF SpA. ​The Central Credit Register (CCR) is a database of personal and credit information to be created by means of a national mandatory credit reporting ... Read More »

Veda launches VedaScore VedaScore Apply®

New Service helps credit providers minimise risk, maximise approval rates and ease transition to comprehensive reporting Veda, a leading provider of credit information and analysis in Australia and New Zealand announced the launch of VedaScore Apply®, a new service designed to help lenders better assess the risk profile of individuals applying for a loan. VedaScore Apply® leverages the new comprehensive ... Read More »

TransUnion Considers IPO

TransUnion Corp. has revived plans for an IPO that could raise up to US$1bn this year, according to Reuters. Advent International and GS Capital Partners, which bought the company three years ago, are preparing to mandate banks on a fresh attempt to go public, multiple market sources confirmed.  The company is expected to confirm shortly which banks it has chosen ... Read More »

TransUnion Kenia Launches Credit Score

TransUnion Kenia announced the launch of a credit score for the Kenyan market that will help lenders determine the credit risk of borrowers.  TransUnion Africa CEO Wachira Ndege told journalists in Nairobi that the tool will offer financial institutions and other credit lending facilities valuable insight into the credit health of their customers. “The credit score will enable lenders to ... Read More »

People’s Bank of China Credit Information Center and South Korean NICE Information Services in Co-operation

The People’s Bank of China Credit Information Center announced that it has entered into a cooperation with the Korean National Information and Credit Evaluation Corporation (NICE) headquartered in Yeouido, Seoul. Both companies agreed to cooperate in the development of South Korea’s financial infrastructure and related information exchanges and joint research credit assessment methods. NICE is South Korea’s largest credit bureau, ... Read More »

Equifax Personal Solutions Partners with H&R Block to Address Growing Threat of Tax Identity Theft

Assists Tax Services Industry Leader in Launching New Product, Tax Identity Shield, During Tax Identity Theft Awareness Week In 2013, 1.63 million taxpayers were victims of tax identity theft according to a report from the Treasury Inspector General for Tax Administration. In response to this increasing problem, Equifax Personal Solutions, a leading provider of credit monitoring and identity protection solutions ... Read More »

Experian UK Launched new SME Service

New Service Launched to Help UK SMEs Manage their Credit Scores and Improve Access to Finance Experian, the global information services company, announced the launch of a comprehensive new service to help the UK’s 2.2 million SMEs gain better access to credit and improve their chances of securing finance and funding. From the Funding for Lending scheme to crowd-funding, there ... Read More »

Experian Data Breach Resolution and BillGuard in Partnership

Experian and BillGuard collaborate to transform data breach response with launch of an active fraud surveillance and identity theft resolution offering ProtectMyID® now includes payment card fraud monitoring at consumers’ fingertips with the BillGuard mobile app With the explosion of payment-card data breaches last year, Experian Data Breach Resolution has enhanced its award-winning active fraud surveillance and identity theft resolution product, ... Read More »

First Private Sector Consumer Credit Bureau Launched in China by Alibaba Affiliate

Sesame Credit, heralded as China’s first private sector consumer credit information company, was launched by Ant Financial Services Group, the parent company of Alipay.  Called Sesame Credit, the new agency leverages big-data technology and customer behavior analytics to assess creditworthiness, which is expected to make it easier for companies to extend credit to millions of Chinese consumers, according to Sesame Credit officials. ... Read More »

CRIF Decision Solutions Merges into CRIF to Provide an Integrated and Holistic Approach to Credit Management

As of January 1, 2015, CRIF Decision Solutions is incorporated as a business line into the parent company CRIF S.p.A. The merger will provide an ever more robust offering of know-how, predictive analytics and technology to enable banks, financial institutions, telco, media, energy and utility firms to achieve sound & optimized decision-making and compliant processes in every phase of the ... Read More »

Equifax Announces New Automotive Technology Platform at NADA Convention

AutoConnect platform from Equifax allows partners to seamlessly deliver auto-specific solutions in real-time to its customers Equifax unveiled at the National Automobile Dealers Association (NADA) Convention and Expo 2015 its automotive technology platform,  AutoConnect, which will enable partners to deliver credit, marketing, risk and verification solutions seamlessly to their clients. With the automotive industry experiencing significant growth and evolution in the consumer ... Read More »

TransUnion Announces Its New Brand Platform — Information for Good

Enhancements Expand Company to Global Information Solutions Provider TransUnion unveiled a new brand identity platform and logo, reflecting the company’s focus and capabilities as an information solution provider for consumers and businesses. The new branding marks the culmination of expansion in which the company moved beyond its traditional consumer credit data reporting role and has begun using data and analytics ... Read More »