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TransUnion to Save TLO from Bankruptcy in a Bid to Acquire TLO for $105 Million

TLO LLC announced that it has reached an agreement in principle with TransUnion pursuant to which TransUnion will serve as the “stalking horse bidder” in conjunction with a court-supervised sales process to maximize value for the Company. TLO filed a motion seeking authorization from the United States Bankruptcy Court for the Southern District of Florida in West Palm Beach (the ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Iceland – a CB warning of private-sector repayment risks; Norway – a new government stronger than it seems; Paraguay – a generally positive economic picture; Slovenia – threats to the government and its attempts to avoid an international bailout. AUSTRIA:  Efforts are underway to form another Grand Coalition in the wake of the elections. The economy has been moving sideways, ... Read More »

D&B Direct 2.0 Delivers Flexible, Streaming, Enterprise-wide Access to Data and Analytics from D&B and Third-party Providers

D&B (NYSE:DNB) announced the release of D&B DirectTM 2.0, the API solution providing enterprise-wide access to a broad range of business insight.  With a unified web services platform, the addition of risk scores and ratings, fraud and compliance monitoring, digital and social intelligence and more, D&B Direct 2.0 dramatically improves an organization’s ability to embed rich data and analytics in their business ... Read More »

FICO Draws Attention to Growing Problem of Enterprise Fraud

FICO (NYSE:FICO) alerted chiefs of leading Asian banks to the growing threat of enterprise fraud at its annual Fraud Forum in Manila this month.  FICO urged the bankers to adopt the latest operational and analytic techniques to fight fraud across such emerging threat vectors as demand deposit accounts, mobile channels, application fraud and merchant fraud, as the region shifts to ... Read More »

Experian® Launches Analysis Ranking Top Metropolitan Areas by Key Indicators of Business Health

Experian® launched the Metro Business Pulse, an analysis that ranks the top metropolitan statistical areas in four key business credit categories, including bankruptcy rates, the number of days businesses pay their bills beyond contracted terms, delinquency rates and commercial risk scores.  Findings from the Q2 2013 analysis showed the New York metro area had the lowest business bankruptcy rate at ... Read More »

Kreditech: Facebook Friendships May also Determine Creditworthiness

Kreditech, a German payday lender and credit scoring developer, is using data from social media in its assessment of the creditworthiness of borrowers.  According to Kreditech, if a Facebook-friend has repaid a loan too late, this may affect negatively the assessment of a credit applicant who interacts with the defaulting party.  The plausibility of a negative result increases with the ... Read More »

McGraw Hill Financial Increases Stake in CRISIL (India) to 67.8%

McGraw Hill Financial (NYSE: MHFI) has increased its equity position to 67.8% (from 52.8%) in CRISIL Limited, an Indian based analytical company and India’s leader in credit ratings and research. As part of the voluntary tender offer announced in June 2013, McGraw Hill Financial acquired 10,623,059 equity shares from shareholders of CRISIL, which represents 15.1% of the total equity shares ... Read More »

TransUnion Names Chris Cartwright President, U.S. Information Services

TransUnion names an outsider as president, U.S. Information Services (USIS).  Chris Cartwright joins TransUnion as President of U.S. Information Services.  Cartwright will oversee the business unit that provides analytical services and decision technology, risk management services, credit reports and scores to customers in the United States that operate in a number of industries, including financial, housing, marketing services and insurance. ... Read More »

Creditreform FirmenWissen: Intelligent Linking of Corporate Profiles with Company News

FirmenWissen (Neuss, Germany) has expanded its product offering with a cooperation with GBI-GENIOS (Munich) to include press data  that ensures an intelligent combination of news and company profiles.   In total 801 press sources are included in the offer, sourced from local newspapers (for example Kölner Stadtanzeiger, Stuttgarter Nachrichten) supra-regional daily and weekly newspapers (including the F.A.Z., Handelsblatt, the clock) ... Read More »

CallCredit Enters China

Callcredit Information Group has further strengthened its presence in the international market by establishing an office in Shanghai, China. The company’s retail location planning consultancy, GMAP, has made the decision to establish a permanent presence in the country in direct response to retailer demand. The accelerated urbanisation of the country has resulted in the growth of a number of cities ... Read More »

LexisNexis® Acquires WorldCompliance, Leading Provider of Global Anti-Money Laundering and Compliance Solutions

Reed Elsevier, the parent company of LexisNexis® Risk Solutions,  announced it has acquired the remaining 55 percent of WorldCompliance¹ to further its commitment to helping organizations prevent financial crimes and potentially millions of dollars in penalties and fines worldwide. WorldCompliance is a leading provider of customer and vendor screening content used for Anti-Money Laundering (AML) and Governance Risk and Compliance ... Read More »

EX-IM Bank Highlights Its Role in U.S. Export Market

Export-Import Bank (Ex-Im) Chairman Fred Hochberg highlighted the important role his agency plays in supporting U.S. exporters in a speech to the Center for American Progress (CAP).  In the process, he also rebutted the philosophical arguments against renewing the Bank’s charter, which have become newly resurgent among conservatives in Congress. On its surface, Ex-Im would seem to be an agency ... Read More »