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McGraw Hill Financial Appoints Lucy Fato as Executive Vice President and General Counsel

McGraw Hill Financial (NYSE: MHFI) announced the appointment of Lucy Fato, 47, as Executive Vice President and General Counsel, effective August 4, 2014. She succeeds Kenneth M. Vittor, who will be retiring pursuant to the company’s longstanding retirement policies for senior executives. Mr. Vittor has 33 years of outstanding service with the company, including leading the legal department as General Counsel since 1995. Since ... Read More »

Experian Launches the Next Generation Decision Management Platform in EMEA

PowerCurve™ provides smarter and faster decisions across the Customer Life Cycle Experian® announced the EMEA-wide availability of PowerCurve™,a its successful latest generation decision management platform, which is currently being deployed by a number of leading global and regional banks and financial organizations to help them drive profitable growth, ensure sharper risk management and implement higher-performing portfolios using advanced analytics, multiple ... Read More »

Moody’s Secures Majority Equity Ownership Stake in ICRA

Moody’s Corporation (NYSE:MCO) announced that it has secured a majority equity ownership stake in ICRA Ltd., a leading provider of credit ratings and research in India, increasing its stake from 28.5% to over 50.0%. “The successful conclusion of our offer for a majority stake in ICRA will allow us to extend our strong ties as we work together to serve ... Read More »

Moody’s Analytics to Acquire WebEquity Solutions

Moody’s Analytics announced that it has agreed to acquire WebEquity Solutions, LLC. (“WebEquity”), a leading provider of cloud-based loan origination solutions for financial institutions.   The acquisition strengthens Moody’s Analytics’ position as a leader in loan origination software and bolsters its suite of award-winning risk management products for banks, insurance companies and corporations. WebEquity’s hosted platform is used by more than ... Read More »

Risk Assessment:  There is a Naive Belief that Mathematical Models can Foretell Future Risks…

The article titled “Well Short of Model Behaviour” written by Brandon Davies (CEO of dRisk.biz) and published in the October 2013 edition of Financial World (www.financialworld.co.uk) provides an excellent description of the development and abject failure of financial risk modelling, as currently practiced. Reading the article is highly recommended. Mr Davies’ perceptive conclusion is quoted here to pique your interest: ... 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 »

Enterprise Risk Management: Thomson Reuters upgrades Accelus Risk Manager

Thomson Reuters announced the delivery of several significant enhancements to its award winning Accelus Risk Manager, which will enable organizations to further strengthen their approach to enterprise risk management. The new capabilities include: Fully-integrated sensitivity and stress testing capabilities in the quantification module provides quick and easy regulatory stress testing as well as model risk analysis. Advanced visualisation capabilities enable ... Read More »

S&P Capital IQ Launches New Business Line Dedicated to Standard & Poor’s Ratings Research and Integrated Solutions

S&P Capital IQ, a business unit of McGraw-Hill Financial (NYSE: MHFI), announced the launch of S&P Credit Solutions, a new business line  that enables investors to leverage the combined data, research and analytics capabilities of both Standard & Poor’s Ratings Services and S&P Capital IQ. S&P Credit Solutions is a distinct business line within S&P Capital IQ and is fully dedicated ... 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 »

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 »

Clients Unify Consumer and Business Lending with CRIF Lending Solutions

Gone are the days when a bank’s business and consumer lending had to operate independently. Clients choose CRIF ACTion to automate workflow for business and consumer lending The ACTion division of CRIF Lending Solutions has announced partnership agreements with some of the most emerging banks in the industry. This latest group of partners includes Birmingham, Ala.-based Cadence Bank, Fargo, N.D.-based ... Read More »

D&B Q1 2014 Revenues Up 1%

D&B (NYSE: DNB) consolidated revenues for the first quarter of 2014 were US$ 381.9 million, up 1% before foreign exchange and flat after the effect of foreign exchange.   Operating income was US$ 82.3 million, down 6%.  Free cash flow for the first three months of 2014 was $148.5 million; Net cash provided by operating activities for the first three months ... Read More »