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Credit Bureau News

Number of UK ‘Debut Directors’ Hits All-time High

Increasing number of first-time directors entering market with less capital – One in 13 directors lives in social housing The number of first-time business directors in the UK is at an all-time high, according to Experian data. Alongside a lower level of business experience, these ‘Debut Directors’ start-up with less investment than ever before and an increasing proportion come from ... Read More »

TransUnion SmartMove® Partners With YapStone’s RentPayment™

TransUnion and YapStone announced a partnership to provide RentPayment, YapStone’s online rent payment solution, to independent landlords and small property managers through TransUnion SmartMove.  The new offering provides access to rent payment and reporting tools typically available only to larger property managers. According to a recent TransUnion survey, more than six in 10 landlords prefer to always or frequently use online payments to ... Read More »

Forbes Includes Experian in its Exclusive Top 100 List of the ‘World’s Most Innovative Companies’

Experian has been named by Forbes magazine as one of the ‘World’s Most Innovative Companies’. The global information services company is the only company of its kind to be included in Forbes’ exclusive innovation league for 2014.  Brian Cassin, CEO, Experian, said: “Science and innovation are part of Experian’s DNA and it is a tremendous achievement to be recognised by ... Read More »

Credit Bureau Singapore Launches Enhanced Consumer Credit Report

Report displays new data elements to enable consumers to better manage total indebtedness. Credit Bureau Singapore (CBS) announced that as of December 4, 2014 consumers will be able to obtain enhanced credit bureau reports that display their aggregate credit limits* and aggregate outstanding balances across financial institutions. The enhanced credit report is part of CBS’ move to provide more value-added ... Read More »

TransUnion SmartMove(R) Launches New Eviction Report Solution

The new TransUnion SmartMove® service, which allows landlords to obtain a national report of the applicant’s past evictions, includes the location of the previous property they were evicted from, as well as the landlord or plaintiff’s name, date of eviction, and the judgment. The evictions reports are bundled with credit and national criminal reports and available for only $35. New ... Read More »

TransUnion Acquires Drivers History

TransUnion announced the acquisition of a majority interest in Drivers History, a leading provider of traffic violations and criminal court data. This transaction enhances TransUnion’s position as a trusted provider of data and analytic solutions to the insurance industry and strengthens Drivers History’s offering and market access by leveraging TransUnion’s carrier relationships and connectivity.  Although it will retain its operational ... Read More »

Experian UK: New Service to Ensure Fair Treatment of Those in Debt

Experian® UK announced the launch of the Experian Collections Bureau, a new service designed to ensure that customers are treated fairly and responsibly, and allowing lenders to manage individual cases of customer debt with a personalized approach. To date, most lenders only have a limited view of their customer’s overall financial situation. The Collections Bureau will allow lenders, for the ... Read More »

CIBIL: Expanding Information Sources to Rate First Time Borrowers

The Credit Information Bureau (India) Ltd (CIBIL) has written to Reserve Bank of India (RBI), Irda and Trai to enable the Bureau to collect data from service providers that would facilitate the first time borrowers to have an indicative credit score. Speaking on the sidelines of Fifth Annual Credit Information Conference, organised by CIBIL, M V Nair, chairman, CIBIL said that ... Read More »

TransUnion Distributes FICO Score 9

Newest FICO Score now available from TransUnion to help lenders improve risk management, make best decisions throughout consumer credit lifecycleFICO announced the availability of FICO® Score 9 from TransUnion for lenders and other businesses. Due to refinements in risk analytics behind FICO Score 9, more consumers are expected to score in the higher score ranges that lenders generally require, enabling lenders to approve loans ... Read More »

Callcredit Appoints Mike Gordon as CEO

Callcredit Information Group has announced that Mike Gordon will succeed John McAndrew as the company’s  chief executive officer. The transition is expected to take place at the year-end. Mr Gordon was previously executive vice president for sales, services, and marketing at Fair Isaac Corp.  Callcredit is a major player in the UK consumer credit data and marketing services industries.  Callcredit ... Read More »

Equifax and Argus in Partnership to Launch Primary Impact™

Equifax and Argus Align to Optimize DDA Acquisition Strategies for Financial Institutions with Primary Impact™ Equifax Inc. announced at the BAI Retail Delivery conference that it has formed a strategic alliance with Argus Information and Advisory Services, a Verisk Analytics business and a leading provider of analytics, information, and solutions to consumer banks and their regulators.  The companies are excited to ... Read More »

TransUnion Acquires Predictive Analytics Company L2C

TransUnion Expands Alternative Data Offerings With L2C Acquisition TransUnion acquired the Atlanta-based company, L2C, Inc., an early innovator in predictive analytics using alternative data. L2C models are used by a variety of businesses and lending institutions to grow profitable portfolios in financially underserved consumer populations. Financial terms of the deal were not disclosed. “We are committed to leading the industry with highly ... Read More »

Singapore: Credit Bureau Scene Could Do with more Competition

New regulations are being proposed for better oversight of Singapore’s credit bureaus. But the fundamental problem of an unequal playing field in the industry has yet to be addressed. Dr. Michael Turner of PERC launched recently an article in the Singapore Straights Times opines that the Singapore credit bureau setup is monopolistic.  Given the size of the market one could ... Read More »