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Credit Information – Automotive Vertical

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 »

Equifax Partners with Digital Matrix Systems

Equifax announced a Partnership with Digital Matrix Inc. to Introduce Credit Score Alternative for Auto Insurance Equifax announced a relationship with Digital Matrix Systems, Inc. (DMS) to introduce a new, innovative credit score alternative for the auto insurance industry.  The risk evaluation tool will enable insurers to reduce risk exposure, reduce acquisition costs and simplify the customer quote process. Compare.com, an auto insurance ... 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 »

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 South Africa Launches Claims Enabler

TransUnion South Africa has launched Claims Enabler, a one-stop solution for the insurance industry that empowers faster, more efficient claims processing. Claims Enabler integrates multiple data sets across the TransUnion portfolio, aggregating all of the information insurance providers need to make faster, more accurate decisions and expedite the claims process for enhanced customer service. “While all of the data used ... Read More »

LexisNexis to Enter Chinese Auto Insurance Market Through Joint-venture with Jing You

LexisNexis® Risk Solutions has announced its intention to create a joint-venture with Jing You, a leading private supplier of data, software and services to the insurance industry in the People’s Republic of China. The joint-venture will supply data to insurance companies in China and be based in Beijing. The partnership is part of LexisNexis Risk Solutions’ strategy of internationalizing its ... 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 »

Experian First Half of 2014 Revenues Up 4% (constant currency)

Experian reported first half of 2014 total revenue of US$2.4bn (2013: US$2.3bn).  Growth from continuing activities was 4%. There was no change in organic revenue.  Total revenue from continuing activities up 5% at actual exchange rates. Total EBIT from continuing activities of US$627m, up 3% at constant exchange rates. Total EBIT from continuing operations was also US$627m up 3% at actual ... Read More »

RiskMa Argentina Launches New Services

In April we wrote about a RiskMa Argentina, a new startup in credit information.  The company appears to be progressing notwithstanding current precarious credit conditions in Argentina.  Recently the company announced the launch of new services: Business Credit Reports:  From the United States of America, Latin America and the Caribbean.  RiskMa work with affiliates and partners throughout America to deliver ... Read More »

Equifax Reports Second Quarter 2014 Revenues Up 5%

Equifax Inc. (NYSE: EFX) reported revenue from continuing operations of $613.9 million in the second quarter of 2014, a 5 percent increase from the second quarter of 2013 and a 6 percent increase in local currency. Second quarter diluted EPS from continuing operations attributable to Equifax was $0.75, an increase of 2 percent from the second quarter of 2013. On ... Read More »

TransUnion Acquires Majority Interest in Credit Information Bureau India Limited (CIBIL)

TransUnion announced that it is now the majority owner of Credit Information Bureau (India) Limited (CIBIL).  TransUnion has been accumulating additional holdings in CIBIL in recent years, and the announcement comes after the company received regulatory approval to achieve majority ownership in the organization.  TransUnion has been active in the Indian marketplace since 2001 as CIBIL’s technology, analytics and decisioning ... Read More »

Equifax Announces Strategic Alliance with IHS Automotive and Unveils Lost Sales Analysis Solution

Equifax formally announced the strengthening of their recent strategic alliance with IHS Automotive, an automotive marketing solutions leader that integrated R. L. Polk & Co. into its business last year.  This alliance creates a unique value proposition for the automotive market and allows both organizations the opportunity to bring deeper insights that empower critical business decisions for automotive lenders, dealers ... Read More »