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Risk Solutions

FICO Partners With Blitz to Introduce Analytic Solutions to Banks in Vietnam

Partnership combines strong existing relationships with powerful predictive technologies to help improve the country’s credit controls FICO announced its entry into Vietnam in partnership with Blitz IT Consultants, one of Southeast Asia’s fastest growing IT distribution and service providers.  With an initial focus on the financial services market, the agreement encompasses FICO solutions for fraud detection, loan origination, credit scoring ... Read More »

Crisil India: Bank Loan and SME Ratings Drives Growth

Crisil Ltd, one of India’s credit rating agencies, has reported a 7.5 per cent rise in net profit at Rs 60 crore during the October-December quarter compared with Rs 56 crore in the year-ago period.  Its consolidated profit-after-tax was Rs 220 crore against Rs 206 crore, an increase of 6.8 per cent, the company said in a statement. Consolidated total ... Read More »

Earnings Season Scorecard: What Grows and What Does Not?

Since our last posting on February 8th a number of major industry players announced their Q4 and annual results for 2012. Rating Agencies have taken also the lead in showing an incredible revenue and income growth in ratings and analytics.  Thomson Reuters Governance, Risk & Compliance Unit raked up an impressive growth of 22% for the quarter (and 42% for ... Read More »

McGraw-Hill Financial Reports Record Revenue Growth in Q4 2012

The McGraw-Hill Companies (NYSE: MHP) reported fourth quarter and full-year 2012 results.  Because of the pending sale of McGraw-Hill Education, this business has been reclassified as a discontinued operation and its results are excluded from continuing operations. In addition, in anticipation of the formation of McGraw Hill Financial and the first full year of operation of the S&P Dow Jones ... Read More »

Risk Management Resolutions for 2013: Compliance Risk Seem to Be Main Concerns

Strategic risk is more connected to compliance risk, which is complex and “Fair lending” requirements seem to impact most products offered by banks.  Reputational risks are increasingly linked to operational missteps and compliance violations, civil money penalties and fines. Thanks to social media, pervasive content sharing and strong opinions are the new norm.  Smartphones, real-time news feeds and geo-located review ... Read More »

S&P Capital IQ Opens New Offices in Russia and South Africa, Increases Presence in the Netherlands

To better support expanding business is Europe, the Middle East and Africa, S&P Capital IQ, a provider of multi-asset class data, research and analytics, has announced the establishment of offices in Moscow, Russia, and Johannesburg, South Africa, as well as increased presence in the Netherlands. S&P Capital IQ’s investment decision was based on the recognition of the region’s growing capital ... Read More »

CoreLogic Introduces RMBS Bond Assessment Service

New Service Provides Automated, Transparent Credit Grades and Dynamic Surveillance on Non-Agency Residential Mortgage-Backed Securities CoreLogic® (NYSE: CLGX) announced the availability of CoreLogic Bond Tracker, an innovative bond assessment service for non-agency residential mortgage-backed securities (RMBS). The service offers granular, dynamic, and automated analyses of security holdings and underlying collateral. CoreLogic Bond Tracker will provide life-of-bond surveillance and aid investors, ... Read More »

First Advantage to Combine with LexisNexis Screening to Create a Global Leader in Talent Acquisition Solutions

First Advantage, a Symphony Technology Group (STG) company and a leading global provider of comprehensive talent acquisition solutions, today announced that it has entered into a definitive agreement to acquire the employment and resident screening business of LexisNexis Risk Solutions, a division of Reed Elsevier. As a result of the acquisition, First Advantage becomes a global leader in talent acquisition solutions ... Read More »

US Risk Solutions: The Small Business Financial Exchange, Inc. and SBFE, LLC (SBFE®)

The Small Business Financial Exchange, Inc. and SBFE, LLC (collectively known as SBFE) is the leading source of US small business credit information. Established in 2001 as a non-profit organization, today the exchange houses information on about 24 million businesses in its SBFE Data Warehouse™, and enables blind information exchange among its Members. Through its resources, relationships and SBFE Certified Vendors™, SBFE makes ... Read More »

Supply Chain Management is 2013’s ‘Blind Spot’

Businesses must put more effort into pre-planning for business interruption going into 2013, says a new Zurich report naming supply-chain disruption as the top risk “blind spot” of the year.   The report surveyed 600 of Zurich’s global “risk engineers” that work to reduce insurance-related and other corporate losses. The results back up a Zurich and Business Continuity Institute (BCI) survey noting that ... Read More »

Internet Security: Beware of the Risk of Infections of Data Originating from Certain Countries

If you are operating in or dealing with entities or individuals in any of the following countries beware of the potential risk of infecting your systems or PCs. Infection Risk in percent of computers that were exposed to Web attacks on all computers with Kaspersky products in that country. The statistics based on data from Kaspersky Web antivirus, whose users ... Read More »

CRIF’s Consumer Loan Origination Systems Recognized as a “Best-in-Class” Solution in Financial Services Technology Analysis

The CRIF Credit Framework, which is marketed as CRIF Synergy in North America, has been assessed “best-in-class” in Sales & Application, Loan Decisioning, Loan Processing and Enterprise Support in a recent CEB TowerGroup report. Based on a CRIF financial services customer, using the CRIF solution allowed them to respond quicker, cut costs, make more accurate decisions and be compliance-ready. The ... Read More »

Analytics, Platforms, Software & Workflow plus Big Data Drive Developments in Business Information

Analytics, Platforms, Software & Workflow plus Big Data continue to remain the driving forces in business information accounting for 50% of business development activities in 2012 (see charts). Acquisitions accounted for 24% of announcements. In credit information there were two billion dollar deals in 2012.  Experian acquired a remaining stake in Serasa for US$ 1.5 bn.  Equifax paid US$ 1 ... Read More »

BIG DATA: How Big Does Big Data Need to Be?

FICO offered a feedback on a Big Data discussion at the third annual Asia Pacific Chief Risk Officer Forum, held in Bangkok and hosted by FICO with IDC Financial Insights.  But it might not be the Big Data you’re thinking about. For example, participants from Australia were discussing “comprehensive reporting,” which is set to start in 2014 when Australia’s credit ... Read More »