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Credit Information

Beijing expands support for Hong Kong

China’s vice-premier Li Keqiang on a recent visit to Hong Kong announced measures intended to boost Hong Kong’s pre-eminence as China’s financial centre and its role as the offshore trading hub for the renminbi. Source: Financial Times BIIA comment:  Hong Kong has always served as a role model as a financial centre.  It has an excellent legal system,  financial and ... Read More »

Indian Risk Climate: D&B Business Optimism Index Falls by 21.7%

Mumbai India: The Dun & Bradstreet Composite Business Optimism Index stands at 143.6 during Q3 2011, a decrease of 4.2% as compared to Q3 2010. On a q-o-q basis, the index recorded a decrease of 21.7%. Based on the responses received, it was observed that each of the six optimism indices – namely, Volume of Sales, Net Profits, Selling Prices, ... Read More »

Australian Risk Climate: Business Credit Demand Index – January to March 2011

Veda Advantage’s Business Credit Demand Index*, released in June, reveals business credit enquiries have risen moderately (1.1%) since the same time last year, with the first monthly year-on-year gains since March 2010 occurring in February and March. However, a dip in enquiries demand of 15.1% during January saw the quarter-on-quarter performance fall by 6.2% overall, potentially reflecting the impact of ... Read More »


Creditsafe, the business intelligence experts, has announced that Asiagate, which provides widespread corporate credit information in Asia, will now provide European reports from Creditsafe as part of its aggregated service to clients.  Asiagate’s main objective is to provide comprehensive corporate credit information online to organisations across Asia on behalf of its members, who are providers of credit reports based in ... Read More »

TransUnion Q2 Revenues up by 8.5% – Reverses Losses from First Quarter

TransUnion Corp (“TransUnion,” or the “Company”) announced financial results for the quarter ended June 30, 2011. The Company reported revenue of $257.5 million for the second quarter, an increase of 8.5 percent compared to the second quarter of 2010. Of this increase,  1.4 percent was due to the impact of strengthening foreign currencies. Operating income was $60.5 million, an increase ... Read More »

Country Risk Climate: Moody’s Upgrades Panama Outlook to Positive

Moody’s upgraded Panama’s outlook to positive from stable. Perhaps more significant was the agency’s statements lauding Panama’s economic evolution, centered largely on the $5.25 billion Panama Canal expansion project. Said Moody’s, “the Panamanian economy has continued to show remarkable and enduring dynamism, and is well positioned to grow at rates above its potential thanks to the expansion of the Panama ... Read More »

Equifax Q2 Revenues up 6% – Merges Brazilian Operation with Boa Vista Servicos S.A.

Equifax Inc. (NYSE: EFX) today announced financial results for the quarter ended June 30, 2011. The company reported revenue from continuing operations of $487.1 million in the second quarter of 2011, a 6 percent increase from the second quarter of 2010. Richard F. Smith, Chairman and CEO stated:   “Overall performance in the second quarter was solidly in line with our ... Read More »

BIIA Welcomes High Mark Credit Information Services India as a new Member

High Mark is the fourth credit information bureau in India and received its Certificate of Registration from the Reserve Bank of India (RBI) in 2010. High Mark, brings together advanced identity management technology from its own research team and draws global best practices in top tier bureau technology from CBC Companies (USA) , European Leader in Credit Bureau environment – ... Read More »

Credit Management in China: Making Up For Lost Lessons in Credit Risk Awareness

Author: Fu Junsheng, Consultant Director of Sinotrust Credit Risk Consulting Services explains that gaining and solidifying credit risk awareness involve three stages and seven steps, which are necessary to get credit risk awareness embodied in daily work of employees.  To read the full story click on the link:  July 2011 Sinotrust Opinions_Make up a Missed Lesson of Credit Risk Awareness (2) Read More »

Credit Information: What does ‘Freshly Investigated Credit Reports Mean’?

On June 13, 2011 BIIA posted a story “Customers Turn Competitors” discussing the offering of ‘freshly investigated credit reports’ by credit management associations.  The story was prompted by a discussion within BIIA what ‘freshly investigated credit reports’ means in terms of in-date rules.  For instance are credit management associations producing these reports; or only act as distributors and whether the ... Read More »

BIIA Welcomes Creditsafe as a New Member

Creditsafe has joined BIIA as an Associate Member The Creditsafe Group is one of Europe’s newest provider (launched in 2002) of on-line company credit information. Creditsafe has evolved swiftly since its launch in Norway and now more than 50,000 organizations across Europe benefit from our innovative suite of on-line credit information supplied from our operations in the UK, Germany, France, the ... Read More »

Hellastat Greece Acquires Credit Info Hellas (Alpha Mi)

Hellastat and Credit Info Schufa Group announced that they have successfully concluded the transfer of 100% of shares of Credit Info Hellas to Hellastat. Mr Panos Michalopoulos, Managing Partner of Hellastat and new CEO of Credit Info Hellas stated that “current economic conditions in Greece demands similar entities within an industry to join forces as to provide services of higher ... Read More »

Transparency: Keeping an Eye Out

Revealing the Truth Behind Corporate Lies Background-checking financial records, balance sheets and even key individuals in a firm before signing a deal with them are an essential part of international business today, and may even be a legal pre-requisite. Questions everyone setting up a deal with a foreign or even domestic company should be asking are: How do you deal ... Read More »