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Credit Information

Credit Bureaus and the Theory of Punctuated Equilibrium

The theory of punctuated equilibrium was recently used as metaphor in a speech of what credit bureaus could expect if they did not change their business model. Import Details: Rapid change is underway in the form of technology which, by itself, is nothing new to the credit bureau industry, having used technology to get from paper to digital, and to ... Read More »

BIIA Welcomes United Global Credit Reference Co. Ltd.

The United Global Credit Reference Co. Ltd., is officially registered in Beijing 2011, registered capital of 50080000 yuan. The company provides professional credit services on personal credit, enterprise credit, personal rating, corporate credit rating, credit evaluation and risk management. The company offers full range of credit management consulting and credit management software system development services to individual, enterprise, government, financial ... Read More »

Credit Information Regulations in Russia:  Who has the Right to See a Credit History?

Russian citizens, as well as companies residing in the Russian Federation have the right to view their own credit history.  However if somebody wants to review credit history of a third person (company or consumer), prior consent is required in writing authorizing access to their credit records.  The Term “credit history” has only appeared in Russia since 2005. Since that ... Read More »

FICO, LexisNexis Risk Solutions & Equifax Joining to Generate Trusted Alternative Data Scores for Millions More Americans

FICO will use LexisNexis and Equifax alternative data to create scores for potentially 15 million unbanked and under-banked consumers FICO, LexisNexis® Risk Solutions, and Equifax today described details of a pilot program currently underway.  The pilot program allows 12 of the largest credit card issuers in the U.S. to use alternative data to identify creditworthy individuals who would otherwise be ... Read More »

GBI-GENIOS Adds 3 million Credit Reports from Creditsafe

German based online business information provider GBI-GENIOS has added 3 million comprehensive credit reports from Creditsafe Germany to its data portfolio.  The cost of a comprehensive credit report is €23.80. About:  GBI-GENIOS, the no. 1 for online business information in Germany, provides direct access to around 1,000 qualified databases with hundreds of millions of documents. Monitor with us as the economic ... Read More »

TransUnion Files IPO

TransUnion filed with U.S. regulators on Tuesday for an initial public offering of common stock.  TransUnion filed for an IPO in 2011 but withdrew the offering in 2012 after it was sold by private equity firm Madison Dearborn Partners and the Pritzker family to Advent International and Goldman Sachs. According to Reuters, Goldman and Advent own about 49 percent each ... Read More »

BIIA Welcomes Data Bureau Limited, Fiji, Tonga & Vanuatu as Associate Member

Data Bureau Limited is the key provider of credit history information on individuals and businesses in the South Pacific.    Data Bureau Limited is a Fiji company established in 2001, with operations in Fiji, Tonga and Vanuatu and plans to further expand into Samoa.  DBL although challenged with small market nations, is proving to become a growing operation, as stakeholders ... Read More »

India Launches Micro Units Development Agency (MUDRA BANK) to Aid SMEs

Indian startups and small businesses have a reason to cheer, Rs 20,000cr (US$3bn) funding to be made available The Narendra Modi-led BJP government announced to build a refinance agency in order to provide much-needed credit facilities to small business units called the Micro Units Development Refinance Agency or MUDRA Bank. On April 8 the Prime Minister Narendra Modi will launch ... Read More »

Creditreform Germany Announces Creation of a New International Report

Creditreform Germany has announced that it will launch shortly a new Credit Report International with a credit recommendation up to One Million Euro.  The report will contain financial statements covering up to three years and a credit worthiness index.  Monitoring International will be added to inform clients if there have been significant changes in data subject’s credit standing. In addition ... Read More »

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 »

Creditreform’s Financial Database now Updated Weekly

Creditreform’s ‘FirmenWissen’ Financial Statements Database has moved to a weekly updating.  Customers receive an automatic alert when new financial statements have been filed at the company register.  ‘Firmenwissen’ has developed a product modul ‘Company Register’ providing information on company registrations, changes in the status of company including the reasons of a particular change.  Company data is linked to information of ... Read More »

Meet our Associate Member CCR Business Information Limited

CCR Business Information Limited provides freshly investigated reports on companies across North America.  On a global basis, CCR has been providing our comprehensive, easy to read, off-line reports to the world’s leading credit reporting agencies and to many of the large export insurance companies since the 1970’s. Over the past 4 decades we have seen tremendous changes in the international ... Read More »

Credit Information China: CCRC’s online P2P Credit Platform

The People’s Bank of China’s Credit Reference Center (CCRC), through its subsidiary Shanghai Credit Information Services Co., Ltd (CIS), has recently launched an online financial credit system – NFCS.  According to CIS, NFCS now has 370 loan companies and 524,000 registered customers as of the end of December 2014.  An insider of CIS’ credit business branch claims the number of ... Read More »

Elixir Reports Steady Growth

Steady growth for Elixir, the Czech Republic register of financial advisors ​The register, operated by CRIF – Czech Credit Bureau, was created in 2012 to bring its members information about the quality of financial advisor services. The easy-to-use Elixir register includes information on the qualitative indicators, professional history and outstanding commitments of financial service providers operating in the banking, insurance ... Read More »

Dun & Bradstreet Ushers in a New Era

Brand Modernization Underscores Impact of Data on Growing Business Relationships Dun & Bradstreet (NYSE: DNB) unveiled a new brand purpose, values, tagline and logo as part of a major brand modernization effort.  The company’s new creative expression and tenets are rooted in a data inspired, relationship-driven approach, bolstered by the new tagline: “Growing relationships through data.”  The work was created in collaboration ... Read More »

BOL Revenue Up by 13%

Bangkok-listed business information provider, Business Online (BOL) reported 2014 revenues of US$14 million, up 13% year-on-year.  Income in the year decreased by 12%, down to US$2.4 million.  Diluted earnings per share in 2014 were Baht 0.10 (US$0.0030). More than half of BOL’s revenues were generated through its flagship online information service, amounting to US$7.0 million.  This represents a 10% decrease from ... Read More »