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Credit Bureau Operations

CRIF Establishes Credit Bureau in Jordan

CRIF announced that it has obtained an operational license from the Bank of Jordan to establish the first credit bureau in the country. The tender was issued by the Bank of Jordan with the strong backing of the country’s banking association, lending organizations and the Government. The Bank of Jordan selected CRIF as a strategic partner thanks to its proven ... 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 »

Equifax Q3 2014 Revenue Up 7%

Equifax Inc. reported revenue from continuing operations of $613.4 million in the third quarter of 2014, a 7 percent increase from the third quarter of 2013 and a 8 percent increase in local currency.  Local currency fluctuations against the U.S. Dollar negatively impacted the revenue by $5.6 million in the third quarter of 2014. Third quarter diluted EPS from continuing ... Read More »

TransUnion First Quarter 2014 Revenues Up 4.4% (constant currency)

TransUnion reported revenue of $303.4 million, an increase of 4.4% compared to the first quarter of 2013. Weakening foreign currencies accounted for a decrease in revenue of 2.0%.  2013 acquisitions accounted for an increase in revenue of 5.3%. Operating income was $34.8 million, compared to $44.2 million in the prior year.   Adjusted Operating Income was $34.8 million, compared to $43.1 ... Read More »

Credit Information in India – Version 2

On 22 March, the Reserve Bank of India (RBI) released the Report of the Aditya Puri led Committee to recommend Data Formats for Furnishing of Credit Information to Credit Information Companies. This report is open for public comments till 30 April. The recommendations listed in the report will have far reaching implications for consumers (data subjects), financial services and credit ... Read More »

RBI India Calls for Free Credit Reports

The Reserve Bank of India (RBI) told credit bureaus to provide free credit reports stating it would help detect identity theft at an early stage.  It would also help in promoting financial discipline among loan seekers.  A Reserve Bank of India committee report stated:  “The committee has suggested that providing customers with a free copy of their credit information reports ... Read More »

Creditreform-Boniversum Provides Consumers Unlimited Access to Credit Reports

The German consumer credit bureau Boniversum offers consumers unlimited access to their credit file.  The only requirement is to register at www.bonigo.de and paying a one-time registration fee of Euro 16.90.  Once registered a consumer (data subject) can view their credit report anytime and / or forward their credit report to a third party (a supplier, potential employer or rental property ... Read More »

Equifax India Launches ‘Bureau One’

Equifax India announced the launch of ‘Bureau One’, a software solution that collates various credit bureau responses and delivers them seamlessly. This solution empowers lenders and businesses to make better underwriting decisions in a cost effective and timely manner while eliminating duplicate efforts to input and retrieve consumer information.  Using this tool, lenders can easily submit one inquiry to ‘Bureau ... Read More »

TransUnion 2013 Revenues Up 3.8%

TransUnion reported revenue of $1,183.2 million for the full year of 2013, an increase of 3.8 percent compared to the full year of 2012.   Weakening foreign currencies accounted for a reduction in revenue of 1.6 percent.   Acquisitions accounted for an increase in revenue of 1.5 percent. Revenue for U.S. Information Services was $740.6 million, an increase of 2.1 percent compared ... Read More »

D&B Australia in Partnership with ID Verification Provider Edentiti

Dun & Bradstreet (D&B), Australia announced a strategic partnership with identity verification services provider and developer of the greenID product, Edentiti. Identity verification plays a critical role in meeting anti-money laundering regulations, as well as preventing identity and payment fraud.  Identity fraud is estimated to cost the Australian economy in excess of $1 billion annually[i].  The partnership will complement and ... Read More »

BOL Thailand 2013 Revenues Up 6.1%

Bangkok-listed business information provider, Business Online (BOL) reported revenues of US$12 million, up 6.1% year-on-year.  Net income in 2013 was US$2.8 million, representing growth of 4.1% compared with 2012. Diluted earnings per share in 2013 were Baht 0.11 (US$0.0034). Approximately 63% of BOL’s revenues were generated through its flagship online information service – amounting to US$7.8 million. This figure results ... Read More »

Ownership Change at Callcredit Information Group Ltd.

Callcredit Information Group Ltd. announces an ownership change whereby GTCR, a leading Chicago-based private equity firm, has partnered with management to acquire the company.   GTCR and Callcredit’s management team, led by CEO John McAndrew, are investing behind the company’s strong growth trajectory, innovative product offering, and service-oriented culture. GTCR is acquiring an ownership position from Vitruvian Partners, a middle market private ... Read More »

Equifax Q4 Revenues Up 8% – Full Year 2013 Up 11%

Equifax Inc. (NYSE:EFX) reported revenue from continuing operations of $578.5 million in the fourth quarter of 2013, an 8 percent increase from the fourth quarter of 2012. For the full year 2013, revenue was $2.3 billion, an 11 percent increase from 2012, both on a GAAP and adjusted basis. Diluted EPS from continuing operations attributable to Equifax was $2.69, a 24 percent increase from $2.18 for the full year ... Read More »

Arvato Strengthens Growth Platform eCommerce Through Acquisition of Netrada Group

International service provider Arvato acquires major parts of Hanover-based Netrada Group and combines both companies’ eCommerce businesses.  The merger turns Arvato into one of Europe’s leading service providers for integrated eCommerce services.  The combined business activities will jointly generate a turnover of over EUR 300 million; the joint number of employees will increase to over 3,000. The transaction is as ... Read More »

Callcredit on the Block

According to Sky News a pack of buyout firms is vying with Germany’s Media Firm Bertelsmann, for control of Callcredit, one of the UK’s fastest-growing credit information businesses.  Sky News understands that a handful of bidders are competing to buy Callcredit Information Group, including Charterhouse, Permira and Chicago-based GTCR.   It is unclear which arm of Bertelsmann has expressed an interest ... Read More »