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CRIF Opens Office in Shanghai

To meet the increasing demand for risk management and business information solutions in the region, CRIF opened of a new office in Shanghai.  Alongside existing operations in Beijing, Hong Kong, Indonesia, Philippines, Myanmar, and India, the new office will strengthen CRIF’s local presence as well as throughout the Asia-Pacific region. CRIF will be able to deliver integrated solutions and business ... Read More »

TransUnion Partnership with CellControl Saves Lives

In late May, TransUnion announced a new partnership with Cellcontrol to offer a new technology that provides enhanced protection against distracted driving. The announcement was made at TransUnion’s Insurance Summit in Chicago, a two-day gathering of more than 100 insurance executives from across the nation. In conjunction with the announcement, TransUnion released the findings of its teen driving survey, which polled ... Read More »

Is There a New Breed of Forward Looking Credit Bureau Solutions on the Horizon?

When asked what made him an outstanding hockey player Wayne Gretzky replied,” I skate where the puck is going, not where it has been”. Unlike today’s credit characteristics which are based upon an historical perspective of a consumer’s behavior, this new breed of credit characteristics anticipate future consumer credit profiles allowing lenders to tailor credit offerings and risk management strategies ... Read More »

Alibaba.com Helps SMEs Build Trust in Cross-Border Trade with Trade Assurance

Alibaba enters trade assurance business as a free service to buyers who trade with Alibaba Trade Assurance suppliers Alibaba.com launched Trade Assurance, a free service designed to create trust in trade by giving businesses peace of mind when trading with China.  The ‘ultimate payer’ for the service are customers of Alibaba (suppliers) who qualify as Trade Assurance Suppliers. Through the ... Read More »

Arachnys Launches Brazil Country Audit

A practical guide to Brazil’s data and regulatory landscape As regulators demand greater sophistication from AML and compliance operations, global institutions are having to up-skill their teams and develop strategies to keep on top of developing regulatory and data landscapes. While many companies are able to build diverse teams of country specialists resembling a ‘mini United Nations’ within compliance departments, ... Read More »

Tencent Debuts Micro Loans Product

Data sourced through the Internet to be used for credit assessment WeBank, an online-bank owned by majority shareholder Tencent, has recently launched its first financial product – “micro loans”. The amount of the small loans product is set between RMB 20,000 to RMB 200,000 (US$3,225 to US$32,250) with daily interest rates set at 0.05%. The loan service does not require ... Read More »

Arachnys Has Raised $ 3.5 million in New Funding

Compliance technology provider Arachnys has raised $3.5 million in funding from UK and US investors including Tom Glocer (ex CEO of Thomson Reuters) and existing investor Martlet, the corporate venture arm of UK aerospace company Marshall Group. The company has developed software that trawls 16,000 public and private sources of data to help banks and other large companies conduct their ... Read More »

NetSuite and Dun & Bradstreet Form Strategic Alliance

NetSuite Cloud with Accurate, Relevant Commercial Data to Help Speed Decision Making, Planning NetSuite Inc., one of the industry’s leading provider of cloud-based financials / ERP and omnichannel commerce software suites, announced an agreement with Dun & Bradstreet (NYSE: DNB) to provide NetSuite customers direct access from within its cloud-based business management suite to relevant B2B data drawn from the world’s largest commercial database. Having easy access to a ... Read More »

Veda Partners with MOGO

Veda partners with MOGO to bring real-time income checks to financial institutions Financial institutions in Australia are preparing to move away from manual handling of income and expense checks using a new automated tool that will speed up the loan application process and reduce paperwork. MOGObankconnect is a simple, secure and effective verification solution for financial institutions.  Veda, the leading ... Read More »

FINTECH is Changing the Credit and Credit Information Landscape

FINTECH the disrupting force in lending and credit information   FINTECH, it stands for financial technology, is a new interesting concept –  its all about lending without having to use a credit bureau and being outside banking regulations.  A large amount of capital is already flowing into this sector.  It has yet to be seen whether the performance data of ... Read More »

Australian Risk Climate: 772,000 Victims of Identity Theft

Online black market is closer than you think with 1 in 5 Australians affected by identity theft Personal information is currency in the underground world of cybercrime, which has managed to sting 5% of Australians – more than 772,000 people – with identity theft in the past 12 months alone. A new survey by credit bureau Veda shows that almost ... Read More »

U.S. Lenders Reluctant to Switch to Better Performing Credit Risk Scoring Models

For an industry that prides itself for being sophisticated with the use of data and advanced analytics adoption to new credit scoring systems is a slow and expensive process. According to VantageScore LLC, three recent independently conducted surveys http://www.vantagescore.com/news-story/140 suggest that slightly more than 50% of the lenders interviewed would consider switching from their existing credit scoring system to one ... Read More »

Experian Introduces Enterprise Fraud and ID Business in North America

Dedicated unit launches Big Data fraud service for breach and identity compromise detection At the start of the Vision 2015 Conference, Experian® announced a new dedicated enterprise Fraud and ID business in North America. This newly established business unit allows Experian to more aggressively address the growing variety of fraud risk and identity management challenges businesses, financial institutions and government agencies ... Read More »

Meet our Member Thomson Reuter

BIIA Welcomes Thomson Reuters Financial Crime and Reputational Risk Unit as a Member Thomson Reuters has a wide range of products & services supporting corporate governance, addressing risks, and ensuring compliance for organizations. For further details go to:  Thomson Reuters Read More »