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Credit Information

Creditreform Annual Report 2010: Steady Growth Despite Difficult Times

Creditreform Germany reports steady growth in revenues during a difficult year.   Global revenues in 2010 were Euro 543 million versus Euro 533 million in 2009.  Revenues of domestic (German market) credit information grew from Euro 257 million to Euro 262 million.  Accounts receivables and factoring revenue grew from Euro 193 million to Euro 200 million.   International revenues grew from Euro ... Read More »

Commercial Credit Information: The Shape of Things to Come?

BIIA contributing writer Philip Cotter examines how two new entrants disrupt the current status quo in commercial credit information. Recently Cortera in North America and Creditsafe in Europe, have caused discomfort to the larger players through their aggressive pricing, PR practices that arguably allow them to punch above their weight and focus on serving the SME segments in the markets ... Read More »

Equifax Canada Unveils New Business Credit Report

Equifax Canada claims to have the largest commercial risk database – raising the industry standard for commercial credit information As the owner of Canada’s largest commercial risk database, Equifax (NYSE: EFX) has raised the industry standard for innovation by launching a powerful information solution. The new Equifax Business Credit Report(TM) provides a comprehensive view of the credit history and payment ... Read More »

D&B SAME Launches Second Credit Bureau in Ghana

D&B SAME is to start full time operations as the second credit bureau in Ghana from September 2011, a year after XDS Data launched as the the first.  It was granted a credit referencing provisional license by the Bank of Ghana in October 2010.  Banks have often cited the high loan default rates as a major factor influencing the high ... Read More »

Equifax Enters into a Joint Venture in Brazil

Equifax Do Brasil, Boa Vista merge operations, creating a premier credit information company with more than 30,000 Customers, 125 Million Consumer and Business Files                                                              Equifax do Brasil Ltda. announced  that it has completed a transaction to merge its operations with Boa Vista Serviços S.A., creating a company with a significantly larger presence, deeper resources and expanded capabilities that will bring ... Read More »

BOL Joins D&B in Launching ‘Online Trust Solutions’

Mr. Min Intanate, Executive Chairman of Business Online Public Company Limited and D&B Thailand attended the press launch of ‘OTS: Online Trust Solutions’ at Four Seasons Hotel, Bangkok, with Mr. Sahas Treetippabut, President of Thai e-Commerce Association. OTS or Online Trust Solutions is a service that seeks to increase the credibility between the customers and business partners with the companies ... Read More »

Equifax: Risk Scores Leverage Data on 25M+ Small Businesses, Provide Greater Predictive Power

Recognizing the emerging needs of today’s lenders and trade creditors, Equifax has developed a new class of business scoring solutions that provide a more complete view of how a company meets its credit obligations during changing economic conditions. This new suite of market-leading risk scores leverages unique data assets from the Small Business Financial Exchange (SBFE), a member owned, not-for-profit ... Read More »

Key Management Changes at D&B

 D&B announced the appointment of four key executives effective June 1 2011: Richard H. Veldran is appointed Chief Financial Officer for D&B reporting to the CEO. Mr. Veldran, currently our Chief Strategy Officer, joined D&B in 2003 and held positions of progressively increasing responsibility, including CFO of North America, Treasurer, and Leader of Global Reengineering. Mr. Veldran replaces Anastasios G. ... Read More »

Sinotrust Organized Credit Risk Management for China Domestic Funded Enterprise 2011 Forum

On March 29, the “Credit Risk Management for China Domestic Funded Enterprise 2011 Forum” organized by Sinotrust was held in Beijing to address such issues as status quo & development trend, effective instruments and tools, successful practices and cases of domestic funded enterprises in respect of credit risk management, aiming to better tackle demand for credit management in China and ... Read More »

Meet our Associate Member Cortera

Cortera, headquartered in Boca Raton, Florida, USA, is a provider of credit information on businesses and corporations. Cortera collects and analyzes business to business financial intelligence through payment histories, trend comparisons, public records, news, and information available on the web on over twenty five million businesses. Cortera compiles this information and creates solutions to help companies improve interactions with their ... Read More »

Experian “Rides the Waves” of Expansion – Announces Year 2011 Results

A wave of new rules following the financial crisis “plays right into our hands”, admitted the chief executive Don Robert as he reported on Experian’s results of its financial year ending March 31st, 2011.   Revenues were up 9% reaching US$ 4.24bn.  Pre-tax profits were up 13% to US$679m. Experian wisely expanded into market vertical such as utilities, healthcare and telecoms.  ... Read More »

Observations from the BIIA Forum 2011: Eliminating Asymmetries in Information through SME Ratings

Parag Patki, Managing Director of SMERA offered a different approach.  SMERA was initially set up as a rating agency to provide non-regulatory ratings on SMEs.  In the meantime SMERA is registered under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.   The initial challenges in setting up SMERA were the reluctance of lenders to provide default data, ... Read More »

Observations from the BIIA Forum 2011: Eliminating Information Asymmetries with Information Sharing

To provide further input to the open forum discussion the audience had the benefit to listen to William Lim, Executive Director of the Singapore Credit Bureau presenting two excellent role models, the SME credit bureaus of Malaysia and Singapore:  In essence two progressive nations are way ahead in terms of embracing the recommendations of the IFC.  The objectives of the ... Read More »