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The World Economic Forum: Disruptive Innovations are Reshaping Financial Services

We have recently come across this impressive document published by the World Economic Forum.  Our members should add it to their list of summer readings.  Especially those members who work in credit information services.  Credit and information are intertwined and whatever happens in the financial services sector will ultimately impact credit information.  Intelligent trading platforms which link buyers and sellers ... Read More »

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 »

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 »

Worldbox Launches Comprehensive Company Database for Africa

The global Business Intelligence company Worldbox now offers complete identification company records for Rwanda, Tanzania, Mauritius, Uganda and Madagascar with extended business records for 25 other African countries.  Worldbox’s industry-leading business information database now contains the complete identifications of registered companies in 56 per cent of countries within the Africa continent, and coverage is continuing to grow month-by-month. Adding to ... Read More »

Mira Inform India to Expand Overseas Operations in Dubai and Hong Kong

Credit information company Mira Inform India announced plans to expand its overseas operations by opening subsidiary companies in Dubai and Hong Kong.  Mira Inform has expanded its operation to Japan (Mira Inform Japan) in 2013 and is awaiting legal clearance to form Mira Inform America LLC. Mira Inform claims to have an online database of 1.4 unique credit information reports ... 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 »

Alibaba.com Helps SMEs Build Trust in Cross-Border Trade with Trade Assurance

Alibaba enters trade assurance business as a free service to buyers who trade with Alibaba Trade Assurance suppliers Alibaba.com launched Trade Assurance, a free service designed to create trust in trade by giving businesses peace of mind when trading with China.  The ‘ultimate payer’ for the service are customers of Alibaba (suppliers) who qualify as Trade Assurance Suppliers. Through the ... Read More »

Cortera Announces New Releases of eCredit® Software

Cortera, Inc. is pleased to announce two new releases of eCredit, the award-winning credit scoring and collections automation platform. These two releases continue the tradition of providing forward-thinking, customer-driven enhancements to keep eCredit at the forefront for credit and collections software. Version 7.6 went live in March 2015 and incorporated the Cortera Score into eCredit reports. The Cortera Score assesses ... Read More »

Worldbox Expands Hong Kong Office for Asian Operations

Worldbox Business Intelligence has expanded its Hong Kong bureau to serve as a hub for Asia-Pac co-ordination, as well as offering corporate solution services as an extension of its company information product line. The Swiss-based firm, specializing in international cross-border business information, has expanded its Hong Kong office to become the regional headquarters for the Asia Pacific region. Founder and ... 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 »

Sinosure Signs Partnership Agreement with Serasa Experian

The China Export and Credit Insurance Corporation (Sinosure) and Brazil’s largest credit report company, Serasa Experian, signed a long-term partnership agreement to collaborate on credit information and support services – the company’s first such agreement with a major Latin America-based company. Sinosure reportedly has partnerships in place with more than 120 credit information companies around the world. Source:  Xinhuanet.com 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 »

General Motors CIO Randy Mott Joins Dun & Bradstreet Board of Directors

Dun & Bradstreet (NYSE: DNB) today announced the appointment of Randall D. Mott, General Motors’ senior vice president and chief information officer, Global Information Technology, to the company’s Board of Directors, effective immediately. Mott will serve on the Board’s Audit Committee and Innovation & Technology Committee. In this role, he will provide guidance in a number of areas, namely working with executives on ... Read More »

Tencent Debuts Micro Loans Product

Data sourced through the Internet to be used for credit assessment WeBank, an online-bank owned by majority shareholder Tencent, has recently launched its first financial product – “micro loans”. The amount of the small loans product is set between RMB 20,000 to RMB 200,000 (US$3,225 to US$32,250) with daily interest rates set at 0.05%. The loan service does not require ... Read More »

India Key Part of D&B’s Growth Strategy

While visiting India recently Bob Carrigan, CEO of Dun & Bradstreet,  said India’s progressive policies have put it in the limelight on the global map, and investors are beginning to view it as more business-friendly. In an exclusive chat with CNBC-TV18’s Ritu Singh, its CEO and President, Bob Carrigan, said India is critical to D&B’s growth strategy, as more and ... Read More »

Anti-money laundering Law to Create New Business Register for Europe

New rules on anti-money laundering could create an unprecedented central registry of European businesses’ real owners before 2018 after being agreed on by the European Council and endorsed by the European Parliament.  The fourth directive on anti-money laundering (AMLD4) – to stop terrorist financing and reduce tax crime – gives member states two years to complete a register of the ... Read More »