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Credit Information

Cerved Launches IPO

Cerved made its debut on the Milan bourse on June 24 2014 with a stock market value of 995 million euros ($1.3 billion).  During the placement Cerved has collected approximately euro 490 mln with a market capitalization of approximately 995 million Euros. Banca IMI acted as sponsor and UniCredit as Head of the placement. Mediobanca and JP Morgan were the ... Read More »

Creditreform Germany Reports 2013 Revenues Flat

Creditreform Germany reported domestic revenues of Euro 491 million for 2013 versus Euro 493 in 2012 (-.4%).  Worldwide revenues were Euro 547 million in 2013 versus Euro 551 million in 2012 (-.7%).  Unfortunately Creditreform no longer provides a revenue breakdown for its subsidiaries.   Without a breakdown of its services it is difficult to determine which services grew and which are ... Read More »

FCPA and Bribery Act Causing Corporate and Consumer Pain

Aggressive enforcement of the US Foreign Corrupt Practices Act and UK Bribery Act are becoming a major source of discomfort for cross-border businesses as well as retail banks and their would-be customers… The process of opening bank accounts have slowed to a crawl for foreigners, with stories of institutions taking a month or more to open new private banking accounts. ... Read More »

Credit Insurance: Trade Environment Improved, but Certain Risks Threat to Recovery

The members of the International Credit Insurance & Surety Association (ICISA) met in Hamburg for their 72nd Annual General Meeting to share and discuss market and industry developments. The economic environment continuous to improve, but it is acknowledged that there are still risks threatening the recovery, such as lack of adequate SME financing, continued high sovereign debt levels and political ... Read More »

Bisnode Appoints Anders Borg as Chief Technology Officer

Bisnode has announced the appointment of Anders Borg as Chief Technology Officer (CTO).  Bisnode has been through a significant work of change in order to meet the demands of the extreme data growth the world is experiencing, and to refine it to new insights and solutions to help current and new customers make smart decisions. A natural step of this ... Read More »

Trade Credit: UK Suppliers Extend More Credit than Banks

It has always been known that trade credit is the largest form of short term capital.  The difficulty is to get hold of accurate estimates of the total amount of trade credit extended annually. According to a report “Charting the Trade Credit Gap”, by Professor Nick Wilson of the Credit Management Research Centre at Leeds University and Taulia, the credit ... 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 »

Business Online Thailand Revenues Up 28% in Q1

Bangkok-based business information provider, Business Online (BOL), reported revenues of US$3.3 million, up 28% year-on-year.  BOL’s net income in the quarter was US$535,000, an increase of 20% compared to the same period last year. The company attributed the growth to higher revenue from some projects. Earnings per share in the period were Baht 0.02. More than half of BOL’s revenues ... Read More »

Meet our Associate Member Iberinform

Iberinform is a company of Crédito y Caución (Atradius Group) specialized in business valuation, preparation of business and financial information and marketing database. Its services help companies in making business decisions and minimize your risk customers. It is the only provider market with its own network of informants that extend and update the information from public sources through personal interviews, conducting an average ... Read More »

CRIF Slovakia: Efficient Electronic Communications between Banks and Bailiffs

CRIF – Slovak Credit Bureau has created a secure electronic communication system called SEES (Secure Electronic Exchange System), to help banks and their partnership institutions communicate in an easy and efficient way.  This innovative project was implemented with the backing of the Slovak Banking Association (SBA) and the Slovak Chamber of Executors (SKE), and with the cooperation of the Tax ... Read More »

SMEs Data Protection Compliance Motivations

A survey conducted by the PDP (Privacy and Data Protection) in the UK showed why smaller organizations are concerned about data protection. SMEs listed the top reasons why they complied with data protection law and 60% stated that it was because of concerns about receiving fines.  A similar number stated that it was to avoid receiving adverse publicity. 80% said ... Read More »

TransUnion First Quarter 2014 Revenues Up 4.4% (constant currency)

TransUnion reported revenue of $303.4 million, an increase of 4.4% compared to the first quarter of 2013. Weakening foreign currencies accounted for a decrease in revenue of 2.0%.  2013 acquisitions accounted for an increase in revenue of 5.3%. Operating income was $34.8 million, compared to $44.2 million in the prior year.   Adjusted Operating Income was $34.8 million, compared to $43.1 ... Read More »

Creditsafe Named 36th Best Mid-sized Company in the UK 2014 ‘Best Companies to Work For’ List

BIIA member Creditsafe has once again secured a top placing in the “100 Best Companies to Work For” list.  Creditsafe’s position as the most forward thinking employer in the credit industry saw the company ranked 36th in the list, as one of the UK’s leading medium-sized employers, its third consecutive Top 100 ranking.  The dynamic and innovative business environment fostered ... Read More »