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Risk Solutions

Meet RATINGPLATFORM – An Initiative Supported by EACRA

RATINGPLATFORM has been created to provide a unique global platform for ratings and assessments from high-reputable qualified sources. It is an initiative supported by the European Association of Credit Rating Agencies (“EACRA”) and has therefore European roots. Given the international environment for CRAs, where new legislation is being implemented in several countries and regions, RATINGPLATFORM’s target is to provide guidance ... Read More »

Moody’s Donates $50,000 to Aid Typhoon Haiyan Relief

Moody’s Corporation (NYSE:MCO) today announced that it has made a $50,000 donation to the American Red Cross through its philanthropic arm, The Moody’s Foundation, to support relief efforts for victims of Typhoon Haiyan (known locally as Typhoon Yolanda) in the Philippines and surrounding areas. “Our thoughts are with the people of the Philippines and their families around the world as ... Read More »

Wolters Kluwer Financial Services Appoints Clive Pedder

Wolters Kluwer Financial Services announced today that it has appointed Clive Pedder as managing director, Europe, Middle East & Africa (EMEA).  He will be responsible for leading the overall growth strategy of Wolters Kluwer Financial Services’ Finance, Risk & Compliance business in the region. Clive Pedder has over three decades’ experience within the financial technology sector, most recently as executive ... Read More »

Credit Information Q3 2013 Growth Rates are Buffeted by Headwinds

Headwinds almost everywhere!  From marketing to credit information and ratings.  Comments to this effect came from the CEOs of Equifax, Experian and TransUnion although Equifax’s growth rates were above those of its competitors.  The headwinds appear to be in mortgage markets retarding growth. Experian’s organic growth was 6% while Equifax grew organically by 9%.  Equifax’s commercial solutions grew at 10%, unfortunately ... Read More »

Ark Analytics Launched in Switzerland

We came across a recent start-up called Ark Analytics AG based in Switzerland.  The company offers a range of analytics capabilities for use in banking, corporations and insurance.  It is our understanding the founders and the expertise of Ark Analytics came from Hellastat Greece information and rating company. CREDITARK® is a complete solution for the support of decision making in ... Read More »

Tinubu Square Implements Risk Management for Eurotoll

European heavy goods vehicle (HGV) tolling credit risk management is being streamlined via a new, advanced system from Tinubu Square.   The Tinubu Square has implemented at Eurotoll credit management processes that provide real-time visibility into trade credit exposure, reduced cost of credit and the number of accounts in arrears and optimized credit insurance premiums and coverage.  With the use of ... Read More »

ICAP and Interactive Data Corporation Announce New Collaboration for OTC Data Distribution

ICAP plc and Interactive Data Corporation announced a new collaboration between the two firms.  ICAP Information Services offers benchmark market data products and services to thousands of customers throughout the world. The alliance with Interactive Data allows expands ICAP’s reach further and offer its products to a whole new set of financial professionals.  The agreement also provides Interactive Data clients ... Read More »

Verisk Analytics Q3 2013 Revenues up 10%

Verisk Analytics total revenue increased 10.0% in third-quarter 2013 compared with third-quarter 2012.  Excluding the impact of recent acquisitions, revenue grew 6.1% for third-quarter 2013.  Revenue growth in the third quarter was driven by an 11.2% increase in Decision Analytics revenue, with additional contribution from the 7.8% growth in Risk Assessment revenue.   EBITDA increased 10.9% to $202.9 million for ... Read More »

D&B Q3 2013 Revenues Flat

D&B reports core and total revenue flat year over year, before the effect of foreign exchange (down 1% after the effect of foreign exchange).  Diluted EPS before non-core gains and charges up 14% year over year; GAAP diluted EPS up 6%.  Operating income before non-core gains and charges was flat year over year; GAAP operating income up 10%.  Free cash ... Read More »

Credit Management: The Climb Continues – Measuring the Ever-increasing Value of the Credit and Risk Management Skill Set

A new report published by Accenture in September found that risk management is figuring into more and more companies’ decision –making processes as they continue to adapt to the market.  The 2013 edition of Accenture’s Global Risk Management study found that 98% of firms surveyed give a higher priority to risk management now than they did two years ago, and ... Read More »

Thomson Reuters to Slash 3,000 Jobs in Finance and Risk

Thomson Reuters said it would slash 3,000 jobs in its finance operations, after reporting a drop in profits.  The cuts, mentioned in documents accompanying its third quarterly result, are in addition to the 1,000 job cuts the company announced earlier this year. The company said it would incur a $350m (£218m, €254m) charge to speed up a cost-saving plan, which ... Read More »

S&P Capital IQ Introduces New Credit Risk Indicators

S&P Capital IQ has announced the development of newly calibrated models to provide point-in-time, short to mid-term, and long-term measures of credit risk for all non-financial corporates and financial institutions across the globe.   The models are designed to identify weakening credit, and help users strengthen their surveillance process for both rated and unrated entities. The global database from S&P ... Read More »

Veda Appoints Independent Directors Leading Up to IPO

Veda announced the appointment of Ms Diana Eilert, Mr Bruce Beeren and Dr Peter Shergold AC to their Board of Directors, along with the resignation of Mr Tony Duthie.  The new directors will join recent appointee as Chairman, Dr Helen Nugent AO, and previous directors, Mr Geoff Hutchinson and Mr Anthony Kerwick, along with the CEO and Managing Director, Ms ... Read More »

Wolters Kluwer Financial Services Launches Examiner Mobile Technology

Wolters Kluwer Financial Services launched mobile capabilities for its Examiner solution, which automates Code of Ethics compliance for personal trading surveillance, as required by the 1940 Act Rules.  With the new mobile technology, compliance professionals can use Examiner to monitor and approve employee pre-clearance trade requests—anywhere, anytime—from any mobile device. The new mobile technology for Examiner is built on HTML5, ... Read More »

LexisNexis Exploits Adjacent Markets

Over the last few years, LexisNexis has been steadily expanding from its core legal and financial solutions into lucrative adjacent markets such as healthcare, insurance, and law enforcement.  It has done this by making a series of acquisitions of companies that combine content and data with analytics and technology. Last month, LexisNexis announced that it was expanding its risk division ... Read More »

LexisNexis Risk Solutions Acquires Mapflow

With the acquisition of the geographic risk technology company, LexisNexis picks up software to complement its data, analytics and linking capabilities. LexisNexis® Risk Solutions announced the acquisition of Dublin-based Mapflow to help commercial and home insurers better understand geographic peril risk at the property level to make more informed underwriting decisions and better manage their portfolio exposure.  Mapflow is an ... Read More »