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Credit Information

Bisnode Acquired Debtor Registret Denmark – Enters Consumer Credit Information

Bisnode has acquired Debitor Registret, one of the two largest players in credit information and credit assessment of consumers in Denmark.  Through the acquisition, Bisnode will be the first business information company in the Nordic region to offer a comprehensive range of credit information services for both B2B and B2C. Debitor Registret (DBR) was started in 2004 by its current ... Read More »

Top 10 Tips for Managing Trade Credit in 2014

BIIA member Tinubu Square recently has issued its Top Ten Tips for Managing Credit in 2014: Signs of economic recovery should be treated with caution: Trade credit may well become more widely available in 2014, but it is crucial to exercise robust financial management and not to overstretch limits due to an improving market. Don’t overtrade and remember recovery never ... Read More »

D&B Q4 Revenues Up 4% – Full Year Up 1%

D&B’s core and total revenue for Q4 was up 4% year over year, before the effect of foreign exchange (up 3% after the effect of foreign exchange). For the full year of 2013 core revenue was up 1% year-over-year, both before and after the effect of foreign exchange.  Total revenue was flat year over year before the effect of foreign ... Read More »

German Supreme Court: Credit Scoring Methods Can Be Protected as Trade Secrets

The German Supreme Court recognizes that the underlying mathematical and statistical calculation method for credit scoring is worth protecting as a trade secret.  Schufa, Germany’s leading credit bureau was sued by a German individual concerning the lack of transparency of its credit scoring methods.  The plaintiff had been denied credit for a car loan.  Schufa had provided the individual with ... Read More »

Dun & Bradstreet Announces Simplified Organizational Structure

D&B announced a simplified organizational structure that includes six direct reports to Bob Carrigan, each of whom has global responsibilities: Josh Peirez has been promoted to Chief Operating Officer and will lead the new Global Operating Team, which includes Content, Product, Technology, Alliances, Strategy, and Mergers & Acquisitions, as well as the Worldwide Partner network; Mark Geneste has been promoted to Chief ... Read More »

US Risk Climate: State of Virginia Credit Reporting Regulations Still in Limbo

Legislators neither killed nor endorsed House Bill 370. Lawmakers in Virginia continued to approach efforts to regulate commercial credit reporting agencies with ambivalence this week, as a House of Delegates subcommittee voted to continue House Bill 370 to 2015. Essentially, lawmakers in the second subcommittee of the House Committee on Commerce and Labor, where HB 370 had previously been referred, ... 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 »

Outsell Inc. Publishes “Information Industry Market Size & Share Rankings” Preliminary 2013 Results

  Outsell Inc. published its Market Size & Share Report, “Information Industry Market Size & Share Rankings: Preliminary 2013 Results”. Outsell estimates show that the industry grew in aggregate by 4.4% in 2013 to $753 billion, compared with growth of 3.5% in 2012. Search, Aggregation & Syndication, CRM and Human Capital Management grew at over 10%; Credit Information, Financial Information, ... Read More »

Australian Country Risk Climate: Flat growth for business credit in Q4 of 2013

Overall business credit growth increased by +0.9%, slight rise from -0.7% in September quarter Asset finance enquiries fall by -5%, second consecutive quarter of reduced demand Western Australia data shows mining slowdown continues to bite as demand for business loans, asset finance and trade credit contracts Veda revealed the results of its business credit demand index for the fourth calendar ... Read More »

Creditsafe UK 2013 Scorecard on Most Searched Companies and Directors

Creditsafe analysed its UK database of 3 million limited companies and 10 million directors in December 2013 to establish the most searched for enterprises and individuals by its 30 000 UK customers during 2013.  ….and the winners are:  Neville Wilshire infamous star of BBC’s ‘The Call Centre’ was the most searched for company director in the last 12 months. Neville, ... Read More »

Country Risk Climate Japan: TDB Issues Economic Forecast

Teikoku Databank Japan felt the pulse of Japanese companies about their perspectives of 2013 and prospects for 2014: The real GDP growth rate (revised figure) for the July-September period, as released on December 9, 2013, shows that it has experienced a 0.3% increase from the previous period (April to June) and saw an annualized growth rate of 1.1%.  Thus, there ... Read More »

Country Risk Climate: Myanmar Eases Company Registration Amid Unprecedented Growth

Myanmar authorities have indicated that they will speed up company registration by cancelling the ‘temporary permit’ issuance, as the country sees strong international investment. Company formation traditionally worked in Myanmar by applying to the Directorate of Company and Investment Administration (DICA) to obtain a permit to trade and to register. This granted the applying company with a temporary company registration, ... Read More »

Experian Q3 Revenues Up 7% – Decision Analytics Grew by 16%

Experian issued its third quarter Interim Management Statement (Three months ending December 2013) reporting revenue growth of 5% at actual exchange rates and total growth at constant exchange rates of 7%.  Organic growth at constant exchange rates was 5%. Experian’s growth got significant lift from its Decision Analytics business.  Marketing services were surprisingly sluggish, and Latin America is impacted by ... Read More »

Experian Announces Board Changes

Experian’s Board announced the appointment of Don Robert, Chief Executive Officer as Chairman. He will succeed Sir John Peace.  Brian Cassin, Chief Financial Officer, will be appointed as Chief Executive Officer and will succeed Don Robert.  The appointments will be effective from the conclusion of the Experian’s Annual General Meeting (July 16, 2014). On 1 May 2013, Experian announced that Sir ... Read More »

D&B and FirstRain to Deliver Deep, Actionable Insight Through Structured and Unstructured Business Data

D&B (NYSE:DNB), and FirstRain, announced a partnership to deliver a ground-breaking solution combining structured and unstructured business data and analytics. The solution will provide a 360-degree view of a company that unifies relevant social content with D&B’s leading commercial content in a simple and seamless manner that is easy to use and integrate into business applications, in near real time. ... Read More »

Creditreform Launches FirmenWissen Watchlist

Creditreform’s (Germany) subsidiary ‘FirmenWissen’ (Company Knowledge) has launched a new service called ‘Watchlist’ for its premium customers which includes new functions and data sources.  The current service is an event driven alert service which provides e-mail notification on company register changes, availability of new financial statements etc. The new Watchlist service allows clients to configure their own internal watchlist and ... Read More »

Commercial Credit Reporting: Amended Virginia Credit Reporting Bill Introduced for 2014 Legislative Session

An amended version of the Virginia commercial credit reporting bill was introduced in the Virginia General Assembly last week. The previous bill, HB 2198, has since been abandoned after the Virginia Small Business Commission made no recommendation on the bill last December. On January 3, however, Delegate Christopher Head (R), a former co-patron of HB 2198, introduced HB 370 for consideration ... Read More »