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The World of BIIA

Financial Inclusion: Benefits of Alternative Data

New PERC Paper finds Growing Research Consensus on Benefits of Alternative Data PERC released a new report recently that highlights the growing consensus on the credit market impacts of using alternative data. PERC’s report Research Consensus Confirms Benefits of Alternative Data synthesizes findings from a diverse group of studies conducted by the private sector and other research organizations. Among key ... Read More »

GBI-GENIOS Adds 3 million Credit Reports from Creditsafe

German based online business information provider GBI-GENIOS has added 3 million comprehensive credit reports from Creditsafe Germany to its data portfolio.  The cost of a comprehensive credit report is €23.80. About:  GBI-GENIOS, the no. 1 for online business information in Germany, provides direct access to around 1,000 qualified databases with hundreds of millions of documents. Monitor with us as the economic ... Read More »

TransUnion Files IPO

TransUnion filed with U.S. regulators on Tuesday for an initial public offering of common stock.  TransUnion filed for an IPO in 2011 but withdrew the offering in 2012 after it was sold by private equity firm Madison Dearborn Partners and the Pritzker family to Advent International and Goldman Sachs. According to Reuters, Goldman and Advent own about 49 percent each ... Read More »

BIIA Welcomes Data Bureau Limited, Fiji, Tonga & Vanuatu as Associate Member

Data Bureau Limited is the key provider of credit history information on individuals and businesses in the South Pacific.    Data Bureau Limited is a Fiji company established in 2001, with operations in Fiji, Tonga and Vanuatu and plans to further expand into Samoa.  DBL although challenged with small market nations, is proving to become a growing operation, as stakeholders ... Read More »

Metadata May Kill Your Privacy

The UK government inquiry into whether it conducts mass surveillance and the legality of such an effort has recommended tighter controls on access to communications metadata. The inquiry finds that mass surveillance capabilities exist in the UK, but are used appropriately. The inquiry also rejects use of the term “metadata”, which it feels is not helpful because it is too ... Read More »

Would Time Series Credit Scores Add Value to Consumer Credit Reports?

Research results indicate that historical balance and credit limit amounts on consumer credit reports may significantly improve the performance of credit risk models. Initial analytic offerings involving this new information from U.S. Credit Reference Agencies (CRAs) appears to be focused on the “low hanging fruit” of improved credit scores and decision support rules. Hopefully, CRA resources are also investigating new ... Read More »

Experian: Data Quality Holds the Key to Greater Profits

Experian published the findings of its 2015 Global Data Quality Research, confirming that while businesses are increasingly aware of the potential of their data – with estimates that it could improve profitability by up to 15%(1)- more than 90% still find data improvement challenging. The research, which interviewed representatives of 1,239 organisations in the UK, US, France, Germany, Spain, Australia ... Read More »

Experian Marketing Services Publishes White Paper: “Why Privacy Matters”

Why Privacy Matters in a Data Driven Economy Experian Marketing Services, a recognized leader in data-driven marketing, released a white paper that assesses the rise of the data-driven economy within the media and advertising industry and the evolution of privacy in that economy. The growing variety of communication channels and connected devices, when coupled with changing social norms, is adding ... Read More »

Creditreform Germany Announces Creation of a New International Report

Creditreform Germany has announced that it will launch shortly a new Credit Report International with a credit recommendation up to One Million Euro.  The report will contain financial statements covering up to three years and a credit worthiness index.  Monitoring International will be added to inform clients if there have been significant changes in data subject’s credit standing. In addition ... Read More »

EU Data Privacy Laws Annoy US Tech Companies

Europe is closer to approving new data-privacy legislation that threatens to raise tensions with US technology firms. The European Union body representing member countries on Friday reached a tentative agreement on a controversial power-sharing mechanism between national privacy watchdogs that had been holding up the legislation amid furious corporate lobbying.  Supporters say the new privacy rules are necessary to update ... Read More »

CRIF Establishes Credit Bureau in Jordan

CRIF announced that it has obtained an operational license from the Bank of Jordan to establish the first credit bureau in the country. The tender was issued by the Bank of Jordan with the strong backing of the country’s banking association, lending organizations and the Government. The Bank of Jordan selected CRIF as a strategic partner thanks to its proven ... Read More »

Creditreform’s Financial Database now Updated Weekly

Creditreform’s ‘FirmenWissen’ Financial Statements Database has moved to a weekly updating.  Customers receive an automatic alert when new financial statements have been filed at the company register.  ‘Firmenwissen’ has developed a product modul ‘Company Register’ providing information on company registrations, changes in the status of company including the reasons of a particular change.  Company data is linked to information of ... Read More »

Meet our Associate Member CCR Business Information Limited

CCR Business Information Limited provides freshly investigated reports on companies across North America.  On a global basis, CCR has been providing our comprehensive, easy to read, off-line reports to the world’s leading credit reporting agencies and to many of the large export insurance companies since the 1970’s. Over the past 4 decades we have seen tremendous changes in the international ... Read More »

Aussie Home Loans and Experian Launch CreditSavvy.com.au

Aussie Home Loans has joined forces with credit reporting agency Experian to launch a website offering access to free consumer credit scores and lots of information on credit reporting, scoring and management of personal finances. Consumers can also sign up on the website, creditSavvy.com.au, for free monthly credit score updates, a credit file monitoring service and alerts.  creditSavvy was launched ... Read More »

Troubleshooting Your B2B Marketing Data Problems

Business-to-business data continues to challenge marketers, who need to identify and communicate with customers and prospects, but who run into thorny issues every day.  Problems range from duplicates, to key-entry errors, to missing data elements, and beyond.  Recently, Bernice Grossman and I worked with a group of savvy B2B marketers at a DMA conference to compile a list of difficult data problems. Here are ... Read More »