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Duedil Named in ‘Wired’ Magazine’s Hottest London Startup List

‘Wired’ Magazine named London as one of the hottest startup capitals.  Amongst the ten hottest startups ‘Wired’ listed BIIA member Duedil. Duedil’s free-to-access database brings together a wide range of company info — including Companies House data and credit ratings — in a simple interface. Users can search for accounts, shareholders and company directors. The company was founded by New Yorker Damian ... Read More »

Bisnode Acquired Debtor Registret Denmark – Enters Consumer Credit Information

Bisnode has acquired Debitor Registret, one of the two largest players in credit information and credit assessment of consumers in Denmark.  Through the acquisition, Bisnode will be the first business information company in the Nordic region to offer a comprehensive range of credit information services for both B2B and B2C. Debitor Registret (DBR) was started in 2004 by its current ... Read More »

Top 10 Tips for Managing Trade Credit in 2014

BIIA member Tinubu Square recently has issued its Top Ten Tips for Managing Credit in 2014: Signs of economic recovery should be treated with caution: Trade credit may well become more widely available in 2014, but it is crucial to exercise robust financial management and not to overstretch limits due to an improving market. Don’t overtrade and remember recovery never ... Read More »

Harte Hanks Reports Q4 2013 Revenues Declined 3.5%

Harte Hanks (NYSE: HHS) reported fourth quarter 2013 revenues of $152.2 million compared to $157.8 million in the same quarter last year, a 3.5% decrease.  The decline in revenues was primarily driven by a 13.6% decline in our Retail vertical due to clients making mail format changes.  In addition, several of client segments in the technology industry continue to struggle, ... Read More »

Veda Steps up Growth Strategy with Datalicious Investment

Veda Group Limited (Veda) announced that it has invested in data and analytics agency Datalicious, acquiring a controlling position in the company.  The investment is part of Veda’s growth strategy for its Marketing Services division, Inivio.  Veda Chief Executive Nerida Caesar said the investment was consistent with Veda’s growth strategy to make targeted bolt-on acquisitions and investments. Datalicious, founded in ... Read More »

WAND Inc. Releases Non-Profit Taxonomy

WAND has developed a taxonomy exclusively for non-profit organizations.   The WAND Non-Profit Taxonomy was created for any non-profit organization so they may better organize and find their content and documents. The top level terms include Board of Directors, Budgeting and Financial Management, Bylaws and Policies, Compliance, Donations, Fundraising, Grants, Members, Programs, Public Relations, and Volunteers.  The taxonomy covers all of the major concepts, policies, ... Read More »

Country Risk Climates: TRENDS TO KEEP AN EYE ON

Argentina – more exchange controls and more misleading official data; Costa Rica – a Left-leaning President? Morocco – FX liberalization to lure funds from abroad. BRAZIL:  President Rousseff, at Davos, worked hard to regain investor confidence in Brazil, which has been shaken by deteriorating external accounts, accelerating inflation and slowing growth. Interest rates will have to be increased further as ... Read More »

Microsoft invests US$15 million in Foursquare

Microsoft has made a modest investment in Foursquare, with the social network announcing a US$15 million injection.  According to the Wall Street Journal Foursquare CEO Dennis Crowley, Microsoft also signed a “multi-year contract to license Foursquare data in services such as its mobile operating system and Bing search engine.”  Microsoft is said to be Foursquare’s single biggest source of revenue.  ... Read More »

McGraw-Hill Financial Reports Q4 Revenue Growth of 2% – 2013 Full Year Revenue Up 10%

McGraw Hill Financial, Inc. reported fourth quarter 2013 revenue of $1.25 billion, an increase of 2% compared to the same period last year. Net income and diluted earnings per share from continuing operations were $173 million and $0.62, respectively. For the full year revenue increased 10% to $4.88 billion and net income and diluted earnings per share from continuing operations ... Read More »

Asia Pacific Chief Risk Officers Navigate New Waters

At a panel discussion which FICO hosted in a recent conference in Indonesia, an Australian attendee stated that today’s CRO needs to be “part lawyer, part risk manager and part product manager to succeed.”  Clearly, the role of the CRO has gone from corporate policemen to something far more operational in nature. An Indian delegate agreed, saying that he felt ... Read More »

EU Union Estimates the Cost of Corruption at Euro120bn

The European Union has been trying to compute the costs of this increased corruption:  The estimate is €120 billion annually.  This is a combination of lost tax revenue and a reduction in foreign investment. The data is actually pretty shocking given that these are modern industrial states and not the developing nations that are so often assumed to be the most ... Read More »

German Supreme Court: Credit Scoring Methods Can Be Protected as Trade Secrets

The German Supreme Court recognizes that the underlying mathematical and statistical calculation method for credit scoring is worth protecting as a trade secret.  Schufa, Germany’s leading credit bureau was sued by a German individual concerning the lack of transparency of its credit scoring methods.  The plaintiff had been denied credit for a car loan.  Schufa had provided the individual with ... Read More »

Apple Faces $840 Million E-Books Antitrust Claim

According to Bloomber.com/news Apple faces as much as $840 million in state and consumer antitrust claims related to electronic-book deals with publishers as it continues to oppose a court-ordered monitor in a related U.S. government case. State attorneys general and consumers who sued the world’s most valuable technology company are seeking $280 million in damages and want that amount tripled, ... Read More »

Australian Risk Climate: SALES EXPECTATIONS HIT 10-YEAR HIGH

The outlook for stronger sales activity has surged to a 10-year high, with 47 per cent of businesses expecting increased trade during the June quarter as confidence builds about the year ahead. Findings from Dun & Bradstreet’s latest Business Expectations Survey show the sales expectations index has risen for a third consecutive quarter to hit 37.5 points for Q2 2014, ... Read More »

S&P to Open CEE Operational Hub in Poland

Ratings agency Standard & Poor’s will open a CEE hub in Poland.  The Warsaw office will serve as a hub for S&P’s operations, serving financial markets across Central and Eastern Europe (CEE). Marcin Petrykowski S&P to Open CEE Operational Hub Poland has been appointed as the managing director of the new office as well as regional director for the CEE region. ... Read More »