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Corporate overdue payments in China at high levels: 80% of corporates affected in 2014
Tuesday, 10 March 2015
A new Coface survey on corporate credit risk management in China reveals that 8 out of 10 corporates experienced overdue payments in 2014. Coface, a leading global credit insurance group, forecasts that GDP growth will slow down to 7% in 2015 (vs 7.4% in 2014). As corporates are still facing the challenges of high leverage, the high cost of financing and low profitability (driven by overcapacity), it is expected that non-payments will not improve in the short term.
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Tinubu Square Announces Positive 2014 Results In Line With Projections
Wednesday, 04 March 2015

4 March, 2015 – London, UK – Tinubu Square, leader in credit risk software solutions for trade credit insurers and businesses, has today announced positive financial results for 2014. The company, which is based in Paris, France, has met its target to attain a profitability rate of 16%, and has recorded a gross profit up 7% and net profit up by 6%.

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Creditsafe’s New Debt Collection Service Helps Businesses Increase their Likelihood of Getting Paid
Monday, 02 March 2015

ALLENTOWN, Pa. (March 2, 2015) – Creditsafe, the world’s most-used supplier of online company credit reports – announced that it has partnered with OTC Business Process Outsourcing provider, iQor, to add commercial debt collection to its solutions suite.

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AIB announces partnership with global trade credit insurer Euler Hermes
Monday, 23 February 2015

Dublin – Allied Irish Banks, p.l.c, (AIB) today announced an agreement with global trade credit insurance leader Euler Hermes to support the exporting ambitions of Irish Small and Medium Enterprises (SMEs). Euler Hermes has launched a new export credit insurance product in Ireland called Simplicity. A first on the local market, it is available to SMEs who bank with AIB and who are exporting or considering exporting goods and services.

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Fonetic Extends Relationship with BBVA
Thursday, 19 February 2015

Fonetic, the recognised leader in voice and text management solutions, today announced that Banco Bilbao Vizcaya Argentaria (BBVA) is rolling out the Fonetic linguistic analysis and trading compliance solution to proactively monitor and prevent trading malpractice at its London and New York headquarters.

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DLA Piper advises on the refinancing and the IP and media business' reorganisation of A.S. Roma
Thursday, 19 February 2015

The refinancing of the Italian Serie A football team company, A.S. Roma, and the connected corporate reorganisation of its IP and media business has been successfully completed.

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Coface posts 2014 results in line with objectives and proposes distribution of €0.48 per share
Tuesday, 17 February 2015

·         Turnover  +1.6% at constant scope and exchange rates
 
·         Solid client retention rate, at 89,2 % and new contracts production up 7%
 
·         Improvement in combined ratio after reinsurance to 79,7% (- 2,8 points)
 
·         Current operating income +20,7% and net income group share +23,2%, at constant scope and exchange rates
 
·         Net income per share of €0.80, distribution rate 60%1 of net income

Variations in % expressed in comparison to results at 31 December 2013

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Equinox Global receives Lloyd’s approval for Dutch office
Monday, 16 February 2015

Equinox Global, the Lloyd’s cover holder specialising in trade credit insurance, is pleased to announce its office in the Netherlands has received official approval from Lloyd’s.

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SunGard Named a Top Vendor in the 2015 Chartis RiskTech100® Rankings
Monday, 09 February 2015

SunGard has placed as a top vendor in the ninth annual RiskTech100® rankings compiled by Chartis, a leading provider of research and analysis on global risk technology markets. Chartis’ RiskTech100® report recognizes technology vendors in areas such as functionality, core technology, market presence, organizational strength, customer satisfaction, and innovation. SunGard has ranked in the top five each year since the annual RiskTech100® report was created in 2005, and has placed first overall a total of four times.

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Tinubu Square Winner Of The IE Club Global 60 Trophy
Thursday, 05 February 2015

5 February, 2015 - London, UK  - Tinubu Square, the trusted source of credit risk solutions for trade credit insurers and businesses, has today announced that it has received an award from the IE Club, which is based in Paris, Montreal, Boston and Israel, naming Tinubu an ‘Established Leader' at its Global 60 event. Tinubu won the award from amongst 20 nominated companies.

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Russian Consumers’ Credit Health Continues Two-Year Fall, According to FICO and NBKI Data
Thursday, 05 February 2015

LONDON — February 5, 2015 — FICO, the predictive analytics and decision management software company, and the National Bureau of Credit Histories (NBKI), Russia’s leading credit bureau, today announced that Russian borrowers’ credit health fell again in the fourth quarter of 2014, reaching a new low. As of January 1, 2015, the FICO® Credit Health Index had reached 96 points, one point lower than October 2014, the previous low. The index has now declined for 10 of the last 12 quarters.

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