Risk

Coface announces Dara Hanley as Senior Underwriter for Ireland

Fri, 18 May 2012 16:00:40 +0100

Coface – UK & Ireland, a leading provider of credit management solutions for business, has strengthened its risk underwriting team with the appointment of Dara Hanley as Senior Underwriter based in Dublin.

Laurent Mignon appointed Chairman of the Board of Directors of Coface

Thu, 17 May 2012 13:21:05 +0100

The Board of Directors of Coface have appointed Laurent Mignon Chairman of the Board of Directors of the company. Laurent Mignon is the Chief Executive Officer of Natixis, shareholder of Coface. He takes over from François David, whose mandate has ended.

Saudi Bank, Al Bilad, selects Evolis Card Printers to personalize its payment cards

Wed, 16 May 2012 11:13:18 +0100

France, 16 May 2012. Evolis, the European leader in card personalization systems, has been selected by Gemalto, a global leader in digital security, as a key component of its offering for instant card issuance in Saudi Arabia.

SunGard Virtual Card Volume Quadruples Year over Year

Mon, 14 May 2012 16:45:48 +0100

New York, NY, May 14, 2012-- SunGard announced today that virtual card volume has quadrupled year over year on the AvantGard PayNetExchange platform. PayNetExchange is a multi-channel payments platform that helps corporations migrate from checks to electronic payments via SunGard’s platform and vendor enrolment team. Virtual card programs help corporations execute electronic payments through a single use virtual card which helps not only reduce costs, but also offers a rebate ...

Atradius publishes ten-point plan for exporting to China

Tue, 08 May 2012 12:34:56 +0100

(Cardiff, May 8, 2012) Whilst business sentiment and consumer confidence continue to decline in many western markets, China - with its thriving jobs market, rising incomes and burgeoning consumer demand – has become an attractive prospect for many foreign exporters. However, trading with China also involves risk, which is why, to help exporters avoid the logistical and financial pitfalls, credit insurer Atradius has published its ten-point guide ‘Trade successfully with ...

World growth: resilient in 2012 before rebounding in 2013 in a context of uncertainty

Wed, 02 May 2012 17:47:15 +0100

2nd May 2012 – In 2011, world GDP grew by 2.9%, representing a significant loss of momentum relative to the previous year (4.3% in 2010). Most of the principal contributors to world growth have returned to their pre-crisis expansion rates, with the exception of Japan, the UK and, within the euro zone, Greece, Portugal, Spain and Italy.

SunGards AvantGard PayNetExchange Earns Payment Card Industry (PCI) Compliance Certification

Tue, 01 May 2012 17:51:55 +0100

May 1, 2012 — New York, NY- SunGard‘s AvantGard PayNetExchange has attained the Payment Card Industry Data Security Standards (PCI-DSS) Report of Compliance as a Level I Service Provider. This certification helps assure companies that AvantGard PayNetExchange provides a secure, integrated payments platform that safeguards against fraud and protects sensitive customer data.   

Trusteer Mobile Secures Smartphones and Tablets Against Banking Fraud

Mon, 30 Apr 2012 18:17:57 +0100

BALTIMORE, Payments 2012 Conference, April 30, 2012 –Trusteer, the leading provider of endpoint cybercrime prevention solutions, today announced a new version of the Trusteer Mobile service which prevents mobile and online banking fraud. Trusteer Mobile detects mobile malware infection and helps bank customers fix security vulnerabilities on their devices. End users can also turn off access to their online bank accounts from anywhere using their mobile devices and safely access the ...

Equifax Reports First Quarter 2012 Results

Thu, 26 Apr 2012 15:18:24 +0100

ATLANTA, April 25, 2012 -- Equifax Inc. today announced financial results for the quarter ended March 31, 2012. The company reported revenue of $522.7 million in the first quarter of 2012, an 11 percent increase from the first quarter of 2011. On a non-GAAP basis, first quarter revenue was up 15 percent in U.S. dollars and 16 percent in local currency, excluding Brazilian operating results due to the deconsolidation of Brazil in the second quarter of 2011.

Atradius - Economic outlook

Thu, 26 Apr 2012 12:56:02 +0100

Cardiff, 26 April 2012 – Atradius, one of the leading global trade credit insurance companies anticipates an increase in insolvencies across most developed markets. The Eurozone led slowdown in global growth and the tight financing conditions make it more difficult for businesses to grow.

Country risk assessments review

Wed, 25 Apr 2012 17:07:26 +0100

Warning: Coface country risk assessment measures the average level of payment defaults by companies in a given country within the framework of their commercial transactions. It does not pertain to sovereign debt. To determine country risk, Coface combines the economic, financial and political outlook of the country, Coface’s payment experience and business climate assessment.

Risk Management wins seat at boardroom table in financial institutions across EMEA

Wed, 25 Apr 2012 13:10:08 +0100

London, 25 April 2012 – Risk managers in financial institutions across Europe, the Middle East and Africa (EMEA) are seizing the opportunity created by the financial crisis to demonstrate how they create value and are rapidly gaining new-found kudos in the boardroom as a result.

FICO Launches New Solution to Combat $50+ Billion Insurance Claims Fraud Problem

Tue, 24 Apr 2012 16:06:36 +0100

MINNEAPOLIS — FICO, the leading provider of analytics and decision management technology, today announced the availability of a new solution aimed at helping insurers curb the growing problem of insurance claims fraud. The FICO® Claims Fraud Solution uses three integrated technologies to identify more fraudulent insurance claims faster, in order to help insurers cut general insurance fraud losses that last year reached an estimated $52 billion worldwide, according to research ...

Outbox and FICO bring advanced analytics and decision management technology to Polish market

Fri, 20 Apr 2012 15:36:12 +0100

WARSAW — FICO, the leading provider of analytics and decision management technology, and Outbox, one of the leading consulting companies specializing in the implementation of CRM solutions, today announced that they have signed an agreement to bring next generation analytics and decision management technology to Polish banks and financial institutions. The partnership, announced today at the 8th Annual CEE Credit Risk Management conference in Warsaw, will focus on helping Poli ...

Thomson Reuters launches new forward-looking model to assess credit risk

Mon, 16 Apr 2012 10:10:18 +0100

New York, April 16, 2012 – Thomson Reuters, the world’s leading supplier of intelligent information for businesses and professionals, today announced that it has introduced the StarMine SmartRatios Credit Risk Model to assess the credit risk of publicly traded companies. The SmartRatios model is an intuitive and robust default prediction model that provides a clearer view of a firm’s credit condition and financial health by analyzing a wide array of accounting ratios tha ...

European consumers and small businesses 'will fall further behind in credit payments'

Tue, 10 Apr 2012 15:32:11 +0100

LONDON — April 10, 2012 — FICO, the leading provider of analytics and decision management technology, and Efma today announced further results of the fourth European Credit Risk Survey, indicating that consumers and small businesses’ struggle with credit payments will intensify over the next few months. In addition, bank profitability will be hurt by government austerity measures aimed at balancing national budgets.

SunGard Enhances Protegents Insider Trading and Conflict Detection Capabilities

Mon, 02 Apr 2012 15:52:00 +0100

Salt Lake City, Utah – April 2, 2012 - SunGard is helping firms monitor for insider trading and more effectively manage compliance across regulatory and geographic borders with the latest release of its Protegent Personal Trading Assistant (PTA) solution.

Acceptance of the EMV Chip in the US

Thu, 29 Mar 2012 11:43:25 +0100

It’s been a long time coming, but there are indications that the US is finally going to adopt EMV chip. This technology has already been embraced by the rest of the world as a way to make card payments more secure. Recently, Visa, MasterCard, and Discover have announced measures to encourage EMV migration in the States, several banks have started issuing chip cards (albeit only to frequent travelers) and some merchants are upgrading to EMV- compliant POS terminals. But many questio ...

Banking Just got Safer as Nedbank Collaborates with Entersekt to Strengthen Online Banking

Wed, 28 Mar 2012 13:24:30 +0100

28TH March 2012 - Stellenbosch based Entersekt, a mobile technology company offering banks an innovative solution for secure online and mobile banking, announced that Nedbank has implemented their interactive transaction authentication (“ITA”) system in their recently released “Approve-itTM” product which will provide greater protection against online fraud for their customers.

European Bankers Project 2012 Economic Recession in FICO-Efma Survey

Mon, 26 Mar 2012 18:01:04 +0100

LONDON — FICO, the leading provider of analytics and decision management technology, and Efma today announced the results of the fourth European Credit Risk Survey, which shows a grim outlook for 2012. In the survey, which queried credit risk management professionals in January and February, 79% of respondents forecast a new European recession for 2012.

As retail quarter comes to a close, insolvencies 'show no signs of dissipating'

Mon, 26 Mar 2012 17:26:48 +0100

A downturn in footfall, the shift to online shopping and trade and rising overheads are creating a recipe for insolvency on the UK’s high streets, according to leading trade credit insurer Atradius.

Collaboration between risk audit and compliance

Fri, 23 Mar 2012 15:36:40 +0100

New York, NY and 's-Hertogenbosch, Netherlands, March 23, 2012 – BWise, the global leader in Governance, Risk and Compliance management software, continues to see a trend towards improved collaboration within enterprises between Risk, Compliance and Audit departments, resulting in better transparency, lower risk profiles and more importantly better management decisions and improved business results. As a leading practitioner in the field, BWise is helping to drive this trend through ...

Selby Jennings Grows in Singapore

Tue, 20 Mar 2012 16:46:42 +0100

Selby Jennings Financial Recruitment Firm is proud to announce that as a result of rapid growth within the Asia Pacific Region, following only 9 months of trading, Selby Jennings Singapore is moving to a larger office to accommodate their growing business.

White Paper: Generating Value from Decision Automation

Tue, 20 Mar 2012 16:39:32 +0100

A Creditinfo White Paper, Generating Value from Decision Automation, has been written by Paul Randall, who has over 24 years experience in credit risk management, leading the Creditinfo Decision company to deliver high quality consultancy and model development.

Compliance Teams Stretched to their Limits, Says Thomson Reuters Survey

Tue, 13 Mar 2012 17:29:40 +0100

London - Compliance professionals around the world report they are often struggling to keep up with the growing demands of global regulation, according to a new survey by Thomson Reuters Governance, Risk & Compliance. A combination of rapidly growing regulations and increasing responsibilities for compliance professionals, coupled with limited resources and constrained budgets, are raising concerns that compliance teams have reached saturation point in their ability to successfu ...

Euler Hermes management appointments: Nicolas Delzant and James Daly

Thu, 08 Mar 2012 12:43:41 +0100

The Euler Hermes group has appointed Nicolas Delzant CEO of Euler Hermes World Agency and James Daly has been nominated Group Sales and Distribution Director.

Euler Hermes management appointments:

Thu, 08 Mar 2012 12:32:40 +0100

The Euler Hermes group has appointed Fabrice Desnos head of the Asia Pacific region, while Gerard van Kaathoven has been nominated CEO of Euler Hermes UK and Milo Bogaerts CEO of Euler Hermes Netherlands.

Atradius report - An update of country and industry risks and opportunities - Greece

Wed, 29 Feb 2012 13:17:33 +0100

On 21 February 2012, the Eurozone Finance Ministers finally agreed on a second bailout package for Greece, worth EUR 130 billion. It was also agreed between Greece and the Institute of International Finance (IIF) that private bondholders will take a ‘haircut’ of up to 53.5% of the value of their bonds (with all the elements of the exchange accounted for, this ‘haircut’ will be as much as 70%). The aim is for Greece to reduce its government debt to 120.5% of GDP by 2 ...

GB Group and TransUnion Continue to Drive Global Cross Border Trading

Fri, 24 Feb 2012 16:04:36 +0100

London - 23 February 2012 - GB Group announced today that it has further expanded its strategic alliance with TransUnion to provide full age, identity and anti-money laundering verification to businesses wishing to trade with South African citizens. This follows the launch of GB Group’s verification service for Canadian citizens with TransUnion in June 2011.

Are you ready to welcome Italian consumers with safe, legal and responsible Identity Verification?

Fri, 24 Feb 2012 15:50:24 +0100

London, 23rd February 2012 – With the exponential growth in cross border eCommerce, GB Group continues to develop the capability to identify Anyone, Anywhere, Anytime. Enabled by GB Group’s award winning global ID3 technology, part of our global suite of Identity Management tools, we have launched a solution that can provide an in-depth Identity Verification on Italian citizens and residents.

Top tips for UK businesses exporting to Turkey

Thu, 23 Feb 2012 16:21:34 +0100

Cardiff, 23 February 2012 - Trade credit insurer Atradius has published a report highlighting the top ten factors that could improve a business’s chances of trading successfully with Turkish companies.

First Hawaiian Bank improves its risk detection systems

Tue, 21 Feb 2012 12:50:04 +0100

NICE Actimize, a NICE Systems company and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, today announced that First Hawaiian Bank, a wholly-owned subsidiary of BNP Paribas, has expanded its relationship with NICE Actimize by selecting Actimize Enterprise Risk Case Manager to support the bank’s enterprise-wide financial crime strategy.

Euler Hermes 2011 Results

Fri, 17 Feb 2012 12:46:41 +0100

Euler Hermes achieved excellent results in 2011. Its strong performance enabled the group to provide continuous high levels of trade risk coverage to clients and further enhance its competitive position.

Eurobonds and Eurobills should be part of the recovery says British Euro MP Sharon Bowles

Wed, 15 Feb 2012 12:29:30 +0100

Sharon Bowles MEP, who chairs the European Parliament’s powerful Economic and Monetary Affairs Committee, has today called on the European Commission to clarify its position on Common Stability Bonds, known commonly as ‘Eurobonds’.

Contrasting European economic data and confusion on Greek debt

Wed, 15 Feb 2012 09:42:28 +0100

Commenting on CPI inflation falling to 3.6%, contrasting European economic data and confusion on Greek debt, Lee McDarby, Investec Corporate Treasury, said: “At 3.6%, CPI inflation is now at its lowest level since November 2010 and this fall is largely what would have given the Bank of England room to expand its quantitative easing programme by £50bn. Inflation is expected to fall back significantly this year as the sharp increase in food prices we saw last year begins to balance out. ...

Comment on Cyberattack of Dutch Telecoms Company KPN

Tue, 14 Feb 2012 10:51:27 +0100

In today’s Financial Times, we see that Dutch Telecoms company KPN has offered two million apologies in an advertising campaign to pacify subscribers unable to access emails over the weekend as it overhauled its systems after a cyberattack.

Equifax Reports Fourth Quarter 2011 Results

Thu, 09 Feb 2012 17:21:42 +0100

ATLANTA, February 8, 2012 -- Equifax Inc. today announced financial results for the quarter ended December 31, 2011. The company reported revenue from continuing operations of $509.7 million in the fourth quarter of 2011, a 6 percent increase from the fourth quarter of 2010. On a non-GAAP basis, fourth quarter revenue was up 10 percent, excluding Brazilian operating results due to the deconsolidation of Brazil in the second quarter of 2011.

Top tips for UK businesses exporting to Turkey

Thu, 09 Feb 2012 16:46:03 +0100

Cardiff, 9 February 2012 - Trade credit insurer Atradius has published a report highlighting the top ten factors that could improve a business’s chances of trading successfully with Turkish companies.

Weekly column from Mira Inform - Apples unbelievable numbers

Thu, 02 Feb 2012 16:27:16 +0100

The final quarter of 2011 was a historic one for APPLE, as the company had the highest earnings in one three-month period of any tech company in history, challenged the record of most profit in one quarter for any US company and subsequently took the title of most valuable US company from the quarterly profit record holder, EXXON. Apple reported that it hauled in $46.3 billion in the last three months of 2011, nearly double the $26.7 billion it pulled in during the holiday-shopping q ...

Trusteer Helps Huntington Bank Protect Customers from Cybercrime

Thu, 02 Feb 2012 15:26:56 +0100

LONDON, Feb, 2 2012 – Trusteer, the leading provider of cybercrime prevention solutions, today announced that Huntington Bank is using Trusteer Rapport and Trusteer Pinpoint to protect its commercial and retail banking customers against online fraud. Trusteer’s vast cybercrime prevention network, which spans hundreds of organizations and tens of millions of endpoints, automatically protects banks like Huntington against threats that first target other, often larger, Trusteer ...

Investor Confidence Index Falls 2.1 points in January from 94.5 to 92.4

Wed, 01 Feb 2012 11:28:49 +0100

February 01, 2012 — State Street Global Markets, the investment research and trading arm of State Street Corporation, today released the results of the State Street Investor Confidence Index® (ICI) for January 2012.

The construction sector: persistent credit risk in most countries

Mon, 30 Jan 2012 15:50:21 +0100

The situation of companies in the construction sector closely reflects the world, regional and national economic trends. At a time when the world economy is characterized by divergences between countries, with a recession in the euro zone, there are significant disparities between countries and subsectors. The construction sector was badly hit by the 2009 crisis, and a large number of payment incidents were still occurring in 2011.

Limited Liability has a price tag

Mon, 30 Jan 2012 12:57:27 +0100

Josef Busuttil, director general of the Malta Association of Credit Management, says that exempting companies from having to file audited accounts will hamper the economic recovery rather then assist it. He writes:

Weekly column from Mira Inform - Costs of Governance

Wed, 25 Jan 2012 18:06:22 +0100

I intend to talk of many decisions taken, often under emergency situations by Government or corporate when there is an unnecessarily high cost to pay and the impact they have had on the economy.

European repo market remains stable despite Eurozone difficulties, ICMA-ERC survey shows.

Wed, 18 Jan 2012 16:08:02 +0100

(London, UK) - The European Repo Council of the International Capital Market Association (ICMA) today released the results of its 22nd semi-annual survey of the European repo market, which took place in December 2011. The survey, which measures the amount of repo business outstanding on 7 December, sets the baseline figure for market size at EUR 6,204 billion.

RESPONSE TO STANDARD & POORS press release published 17 JANUARY 2012

Wed, 18 Jan 2012 15:57:18 +0100

Highlights of the Standard & Poor’s Press Release

International ratings agency Standard and Poor’s announced yesterday that it has placed CADES (Caisse d’Amortissement de la Dette Sociale) for its long term issues from an AAA to AA+ rating with negative outlook.

Coface Country Risk: Companies solidity already impacted by the systemic crisis in Europe

Tue, 17 Jan 2012 17:22:13 +0100

 On the occasion of its 16th Country Risk Conference, Coface is principally issuing a warning about the systemic nature of the current crisis, of which the Euro zone is the epicentre. In 2012, the European economy will be marked by a recession rate of -0.1%, while growth will stabilise in the USA at +1.6% and recover in Japan at +1.8%. This should prevent a return to the worst of the 2008-2009 crisis, characterised by a synchronised recession in all three advanced economic areas. O ...

Tieto implements new generation fraud management solution in Komercijalna Banka AD Skopje, Macedonia

Mon, 19 Dec 2011 12:29:28 +0100

Tieto has implemented the new generation Card Suite Fraud Management solution in Komercijalna Banka AD Skopje, one of the leading banks in Macedonia. Tieto's solution ensures efficient payment card fraud management in online and offline modes. The solution aims at minimizing the payment cards related fraud and ensuring secure card-based operations for the bank's customers.

Linedata announces the results of its 1st Lending and Asset Finance industry survey

Thu, 15 Dec 2011 19:24:23 +0100

PARIS - Linedata, the global solutions provider dedicated to the investment management and lending & asset finance industries, today announced the results of its first survey on the challenges and priorities of the Lending & Asset Finance community.

BWise SaaS and Application Management Services Certified by KPMG for ISAE3402 Type II

Wed, 14 Dec 2011 21:39:03 +0100

New York, NY and ‘s-Hertogenbosch, Netherlands – BWise announced today that external auditor KPMG has confirmed certification of BWise SaaS and application management services for the new International Standard on Assurance Engagements No. 3402 (ISAE 3402) Type II. The ISAE Service Organization Controls Report recognizes BWise as a dependable and trustworthy organization to manage the outsourced processes from its customers.

ISN provides the perfect gateway for Alaric to distribute into Latin America

Thu, 08 Dec 2011 14:51:18 +0100

London - Alaric International, the leading supplier of advanced technology payments products and services, today announces a strategic partnership with Integradores de Soluciones de Negocios S.A. (ISN), which will now promote and distribute Alaricâ˙s full suite of payment and fraud solutions to its impressive international retail and financial client base and to new customers.

Europe cracks down on distance sellers this Christmas

Tue, 06 Dec 2011 15:20:02 +0100

European tax authorities are cracking down on distance sellers this Christmas says Accordance, the VAT Compliance and Consulting practice. Accordance has learned of several instances where various European tax authorities have alerted HMRC to possible breaches of distance selling thresholds within their own countries. There is even anecdotal evidence of one tax authority asking delivering companies to provide them with information.

DAB Bank AG Upgrades with NICE Interaction Management to Enhance Compliance Capabilities

Mon, 28 Nov 2011 15:48:27 +0100

Ra’anana, Israel - NICE, today announced that DAB Bank AG, a German direct bank specializing in securities-related services, has completed deployment of the latest release of NICE Interaction Management, upgrading its existing implementation of the NICE solutions for workforce management and compliance recording.

Experian outlines European credit risk agenda for 2012

Thu, 24 Nov 2011 11:38:27 +0100

Berlin - At its Credit Risk Forum in Berlin, Experian today outlined to Europe’s most senior financial sector credit risk professionals, the major credit risk trends for 2012.

The food industry in the world: companies under pressure faced with price volatility

Mon, 14 Nov 2011 18:11:29 +0100

Having weathered the 2009 crisis well, the food industry has been faced with surging markets since June 2010 which are affecting food prices throughout the world and particularly in emerging economies. The phenomenon has been exacerbated by rising risk aversion among investors and abundant global liquidity. This trend is weighing on industry margins in the sector. The economic slowdown in the US and the euro zone, coupled with the effects of the nuclear disaster in Japan, has strai ...

BWise and LiBi sign agreement to join forces in selling and servicing BWises GRC platform in ...

Mon, 07 Nov 2011 18:54:33 +0100

BWise and LiBi sign agreement to join forces in selling and servicing BWise’s GRC platform in Israel

New FICO Analytic Solution Helps Banks Ensure Compliance & Improve Performance of ...

Fri, 04 Nov 2011 15:11:55 +0100

FICO World Conference, New York — FICO, the leading provider of analytics and decision management technology, today announced the general availability of FICO® Model Central Solution – a comprehensive offering to help banks and other organizations, including insurance, retail and health care companies, maximize the power of their predictive models and meet stricter regulations for model management.

The Bank of Tanzania selects Creditinfo International GmbH to bring its banking to the next level

Thu, 03 Nov 2011 16:17:18 +0100

As a result of a tender process organised by the Bank of Tanzania with the support of the World Bank, Creditinfo has been selected to set up a Credit Reference Databank System in Tanzania. This important step will help the Bank of Tanzania ensure financial stability and enable lenders to assess the credit risk of potential customers.

Europeans Credit Problems Will Worsen, Say Bankers in FICO and Efma Survey

Thu, 03 Nov 2011 16:01:41 +0100

FICO World Conference, NEW YORK—FICO, the leading provider of analytics and decision management technology, and Efma today announced the results of the third European Credit Risk Survey. The survey, which queried credit risk management professionals in September on their outlook for the next six months, reverses the optimism from the last survey in spring 2011, with risk managers now predicting higher delinquencies across mortgages, auto loans and other credit products.

Market Group appoints Sapient Global Markets to construct the European DataWarehouse

Tue, 01 Nov 2011 18:34:58 +0100

London, 1 November 2011. The Market Group is pleased to announce today that Sapient Global Markets has been appointed as the constructor of the European DataWarehouse (ED). ED will be the first European central data repository owned and operated by the market for the market, with the unique feature of being endorsed by the Eurosystem. Once constructed, ED will process, verify and transmit data for the benefit of originators, investors, data providers and other interested parties. It is ...

Duff & Phelps Expands European Presence With Acquisition of MCR

Mon, 31 Oct 2011 12:45:30 +0100

Duff & Phelps Corporation, a leading independent financial advisory and investment banking services firm, today announced that it has acquired MCR. Comprised of approximately 150 employees, MCR is a UK-based corporate restructuring and turnaround firm focused on insolvency administration and independent business reviews.

Equifax Reports Third Quarter 2011 Results

Thu, 27 Oct 2011 14:57:40 +0100

ATLANTA, October 26, 2011 -- Equifax Inc. today announced financial results for the quarter ended September 30, 2011. The company reported revenue from continuing operations of $490.4 million in the third quarter of 2011, a 4 percent increase from the third quarter of 2010. Excluding Brazilian operating results, a non-GAAP measure, due to the deconsolidation of Brazil in the second quarter of 2011, third quarter revenue was up 8 percent.

BWise integrates sustainability into daily management

Mon, 24 Oct 2011 17:45:54 +0100

New York, NY and ‘s-Hertogenbosch, – BWise, the global leader in Governance, Risk management and Compliance (GRC) software solutions, announced today its new solution for Sustainability Performance Management (SPM). BWise SPM integrates the management of sustainability risks into daily operations, following a risk management approach. BWise SPM is based on the BWise GRC platform and enables organizations to get in control of sustainability issues.

Veracode Announces Webcast Focused on Next Generation Application Security and Intelligence

Thu, 20 Oct 2011 18:45:09 +0100

BURLINGTON, Mass. – Veracode, Inc., provider of the world’s only independent, cloud-based application risk management platform, today announced details of its on-demand webcast, “Next Generation Application Security and Intelligence.” The presentation is aimed at helping companies determine which software security solutions are appropriate for their business and compliance needs, and how to get started with the most effective program. The program features two of t ...

Country risk assessments: Deterioration in Europe and in the United States

Tue, 18 Oct 2011 21:31:21 +0100

Coface notes a deterioration of the average strength of companies in Europe and in the United States and is placing on negative watch, or removing positive watch of, 8 developed countries. The country risk assessment for Greece and Cyprus is being dropped one notch.   

EDHEC-Risk Institute releases results of European survey on use of equity and bond indices

Mon, 17 Oct 2011 18:04:45 +0100

In spite of their shortcomings and the development of alternative indices, cap-weighted and debt-weighted indices remain the reference for European institutional investors and asset managers.

Global Payments Inc. will Deploy Accertify Risk Management and Fraud Prevention Solutions

Wed, 12 Oct 2011 12:36:22 +0100

Accertify, a leading fraud prevention and risk management provider, announced today that Global Payments Inc., a leader in electronic transaction payment processing, will offer its e-commerce merchants a comprehensive and proven fraud screening solution based on Accertify’s leading risk management technology.

Neil Munroe of Equifax re-appointed as President of ACCIS

Wed, 12 Oct 2011 11:35:37 +0100

Neil Munroe, Director of External Affairs and Communications, Equifax, has been re-appointed as President of the Association of Consumer Credit Information Suppliers (ACCIS), the trade body that represents the interests of European consumer credit bureaux.

Increased executive focus on money laundering swells workload for compliance staff

Wed, 21 Sep 2011 22:45:04 +0100

NEW YORK — Compliance departments are coming under increased pressure to strengthen anti-money laundering compliance because of a growing focus from senior management, but they are hampered in their efforts by a lack of training and resources, according to a joint Dow Jones Risk & Compliance/Association of Certified Anti-Money Laundering Specialists (ACAMS) survey released today.

Lebanese CreditBank S.A.L. Will Grow Credit Portfolios Using FICO Origination Solutions

Wed, 21 Sep 2011 22:30:17 +0100

FICO, the leading provider of analytics and decision management technology, today announced that CreditBank S.A.L., one of the top lenders in Lebanon, is using FICO originations solutions to accelerate growth while controlling risk. Early results from the implementation include a 50% reduction in manual underwriting.

Take the risk out of international trade with instant intelligence from around the globe

Mon, 12 Sep 2011 16:14:25 +0100

London, September 2011 - Leading business information expert, Equifax, is making it even easier to check the credit status of overseas businesses with the launch of its Instant Online International Business Reports. Export markets have been identified as key routes to bolster the UK economy and overseas suppliers are still vital to support UK services. But, now more than ever, it is crucial that businesses trading with overseas organisations do this with as little risk as ...

Neckermann will use FICO Model Builder to Speed Development of Predictive Analytics

Tue, 06 Sep 2011 23:09:09 +0100

MUNICH – FICO, the leading provider of analytics and decision management technology, today announced that neckermann.de GmbH, a leading German online and mail-order company, has selected FICO™ Model Builder to develop and optimise scorecards for its new customers.

Comment from Actimize following Ocean Bank $10.9 million fine

Wed, 24 Aug 2011 17:18:12 +0100

David Kwan, Director of Product Management at NICE Actimize, makes the following observation regarding the heightened focus of industry regulators on correspondent banking and cross-border money movement:

FICO Model Builder 7.2 Speeds Model Development and Improves Prediction

Mon, 22 Aug 2011 14:23:56 +0100

MINNEAPOLIS — FICO, the leading provider of analytics and decision management technology, today announced the general availability of FICO™ Model Builder 7.2, which enables analytic developers to rapidly discover, design and deploy predictive analytics for high-volume decisions. Enhancements to the data mining workbench include new capabilities to develop and deploy optimised suites of segmented ensemble models, which marry decision trees and scorecards to capitalise on the ...

Atradius N.V. mourns death of Vice Chairman & CMO Dr Peter Ingenlath

Tue, 16 Aug 2011 18:01:35 +0100

Amsterdam - On Saturday 13 August 2011 Dr Peter Ingenlath Vice Chairman and Chief Market Officer (CMO) of Atradius N.V. passed away while on vacation in Germany. Dr Ingenlath was 53 years of age.

International Criminal Court Selects World-Check

Tue, 09 Aug 2011 18:26:34 +0100

London, 9 August, 2011 – Following a successful trial of World-Check's Risk Screening Solution, World-Check Online, the Office of the Prosecutor of the International Criminal Court (ICC) joins over 300 regulatory and enforcement agencies world-wide in selecting World-Check. The Office of the Prosecutor acts independently as a separate function of the ICC, responsible for investigating and prosecuting the most serious crimes of international concern, namely genocide, crimes against ...

Experian receives regulatory approval to establish Australian credit bureau

Wed, 03 Aug 2011 17:07:51 +0100

Sydney AUSTRALIA, 3 August 2011 – Experian®, the global information services company, today received approval from the Australian Competition & Consumer Commission (ACCC) to establish a joint venture company, Experian Australia Credit Services Pty Ltd. The new consumer and commercial credit bureau will increase competition in the Australian credit reporting services market by providing consumer and business credit information services to credit providers. It will help lende ...

Solvency 2 compliance and data protection implications

Mon, 01 Aug 2011 17:49:24 +0100

With just over a year to go before the Solvency 2 directives come into force for accounting companies across Europe, firms are having to face up to the data security risks resulting from its operational and systemic demands.

Beyond the Headlines: Risks and Opportunities in Ireland and Italy

Tue, 19 Jul 2011 23:33:13 +0100

Summary: - Moody’s latest sovereign rating downgrade of Ireland to ‘junk status’ signals the rising risk that Ireland will default on its large and growing public debt burden; - Meanwhile, Italy has recently come under pressure amid political disagreement over the depth of budget cuts. - However, the kind of risk that financial m ...

PerTrac and FinAnalytica Help Investors Discover Hidden Risks

Tue, 19 Jul 2011 23:25:38 +0100

NEW YORK – July 19, 2011 – PerTrac, the leading provider of analytics, reporting and communications software for the investment management industry, today announced the release of PerTrac RiskPlus 1.2, an advanced risk analysis module designed to help institutional investors and portfolio managers decompose hidden risks through the use of multivariate factor analysis, stress testing, and risk budgeting.

Coface reviews its business environment assessments

Mon, 18 Jul 2011 18:15:09 +0100

Coface reviews its business environment assessments with 7 emerging countries upgraded and 2 European countries downgraded

SAS big analytics tackles big data, speeds problem solving

Tue, 12 Jul 2011 16:23:16 +0100

LONDON, UK – 12 July 2011 – A powerful new release of SAS® software helps enable faster, better decision making by improving analysis of vast and growing amounts of data. Whether a retailer optimising pricing for thousands of items, a hospital identifying which treatment plans improve patient health, or a government agency fighting fraud, SAS, the leader in business analytics, helps organisations scour "big data" through "big analytics" a ...

Societe Generale selects Lombard Risk's Colline for global collateral management

Tue, 12 Jul 2011 12:04:37 +0100

Lombard Risk Management plc ("Lombard Risk"), a leading provider of integrated collateral management, liquidity and regulatory reporting solutions for the financial services industry, announces a major global contract with another tier one bank - Société Générale - for its COLLINE® collateral management solution. This major contract is expected to generate revenues of more than £2m in the first two years and contribute to future years.

NICE Actimizes Remote Banking Fraud Solution Prevents Fraud Losses For Malaysias CIMB Bank

Mon, 11 Jul 2011 17:43:14 +0100

BWise expands its UK Team with new Sales Director and Business Analyst

Thu, 07 Jul 2011 09:26:31 +0100

BWise announced today that Mike Mather and Tamara King have joined the UK BWise team, respectively as Sales Director and Business Analyst. Due to the increasing number of requests from UK industry leading companies and the need for insurers to be compliant in regards to the European Solvency II act, they will further develop the UK market for the BWise market leading GRC solution.

Fortum selects BWise for Operational Risk Management

Fri, 01 Jul 2011 13:00:17 +0100

‘s-Hertogenbosch, Netherlands, June 30, 2011, BWise, the global leader in Governance, Risk and Compliance (GRC) management software, proudly announced yesterday that Fortum, a leading energy supplier with headquarters in Espoo, Finland, selected BWise for its operational risk management and incident management capabilities. BWise has a proven track record as a broad GRC solution provider and independent analysts have positioned BWise as a leader in Enterprise GRC platforms.

Coface PR - Enhanced Premier Trader Policy for SMEs

Fri, 01 Jul 2011 12:55:11 +0100

Coface has enhanced its Premier Trader credit insurance policy for small and medium sized businesses (SMEs) enabling more to benefit from an export-led economic recovery.  

Creditsafe expands online credit reference service to North America

Thu, 30 Jun 2011 12:46:51 +0100

Creditsafe, the business intelligence experts, has announced it is further expanding its international credit referencing solution to include online business information on 14 million businesses in the USA. Information includes summary details on the company, addresses, credit rating, credit limit, financials where available, key directors, parent company and legal filings (equivalent to CCJs in the UK).

Garanti Bolsters Enterprise Fraud Protection with FICO System

Thu, 30 Jun 2011 12:40:47 +0100

LONDON — FICO, the leading provider of analytics and decision management technology, today announced that Garanti Bank, Turkey's second-largest private bank, will use a suite of fraud management solutions based upon FICO™ Falcon® Fraud Manager 6 to protect all cards products, consumer loans, credit card applications and current account / DDA transactions.

Linedata presents Linedata Ekip360

Wed, 29 Jun 2011 17:40:04 +0100

Paris, – Linedata, the global solutions provider for the investment management and credit community, today presents Linedata Ekip360, the new release of its flagship global front-to-back lending and asset finance solution. Linedata Ekip360 delivers intuitive and powerful interfaces that give business users a highly automated and personalised environment. The solution is flexible and configurable and helps financial institutions respond quickly to market changes and regulations. ...

FICO and Efma Survey Shows Changing Relationship Between European Banks and Consumers

Mon, 27 Jun 2011 10:28:17 +0100

LONDON — FICO, the leading provider of analytics and decision management technology, and Efma have announced the results of the second European Credit Risk Survey. The survey, which queried credit risk management professionals on their outlook for the next six months, reveals changes in the relationship between banks and borrowers, and a growing optimism for credit performance that is muffled by continuing struggles in mortgage markets.

FICO and Efma Survey Shows Changing Relationship Between European Banks and Consumers

Thu, 23 Jun 2011 17:42:24 +0100

LONDON — FICO, the leading provider of analytics and decision management technology, and Efma today announced the results of the second European Credit Risk Survey. The survey, which queried credit risk management professionals on their outlook for the next six months, reveals changes in the relationship between banks and borrowers, and a growing optimism for credit performance that is muffled by continuing struggles in mortgage markets.

3 major trading risks identified at the 2011 Coface Opportunities in Trade Country Risk Conf

Tue, 21 Jun 2011 17:38:01 +0100

Against the recent backdrop of the most severe economic crisis of the past 60 years, Coface created this conference to help companies and their advisers be aware of both the opportunities and risks of trading at home and overseas.

Aspect Marks Official Opening of Two New Facilities in Galway,Ireland

Thu, 16 Jun 2011 15:23:47 +0100

GALWAY and CHELMSFORD, Massachusetts - Aspect, a global provider of customer contact and Microsoft platform solutions, marked the official launch of its Galway-based operations and opening of two new facilities in Galway, on 13 June, 2011 at 12:00pm.

Survey urges small and medium size banks to be even more diligent in balance sheet management

Thu, 16 Jun 2011 15:13:46 +0100

A survey carried out by financial risk management specialists ALMIS International has shown that many banking institutions need to take more responsibility in their overall approach to ‘good practice’ across their complex balance sheets. If not, the survey suggests they run the risk of wholesale complacency, which could severely impact their financial structure.

Neural Technologies and Turkcells Fraud & Credit Risk Management Project wins global award

Thu, 16 Jun 2011 10:57:59 +0100

Neural Technologies – a leading risk management software provider – and Turkcell – Turkey’s largest mobile telecoms operator – have been presented with a Global Telecoms Business Innovation Award in recognition of a large-scale fraud and credit risk management software implementation. The award, in the category of Business Service Innovation, was presented to representatives from both companies at a glittering ceremony at the Sheraton Park Lane Hotel in London thi ...

National Bank of Abu Dhabi gains real-time analytics with SAS, Teradata

Wed, 15 Jun 2011 18:39:48 +0100

The Premier Business Leadership Series, ANTWERP, BELGIUM – 15th June, 2011 – The number one bank in the United Arab Emirates, the National Bank of Abu Dhabi (NBAD), will leverage market-leading technologies from Teradata, (NYSE: TDC), the world's largest company focused on data warehousing, and SAS, the leader in business analytics software and services, to gain a single enterprise view across the organisation. This will help the bank maintain market leadership in corpor ...

Latest SAS risk management offerings for banking, insurance help address regulations, risk

Wed, 15 Jun 2011 18:27:23 +0100

The Premier Business Leadership Series, ANTWERP, BELGIUM – 15th June, 2011 – To address evolving risk management practices and regulatory requirements, such as Basel III and Solvency II, SAS has ramped up risk management solutions for both banking and insurance with enhancements to SAS Risk Management for Banking and SAS Risk Management for Insurance.

Hayley Kershaw Joins FICO to Lead Consulting in EMEA

Tue, 14 Jun 2011 16:04:17 +0100

LONDON — FICO, the leading provider of analytics and decision management technology, today announced that it has appointed Hayley Kershaw as the head of its Professional Services team in Europe, the Middle East and Africa. She will lead the team responsible for consulting and other services engagements with the region’s leading banks, insurers, retailers and other businesses.

Thomson Reuters Launches BoardLink in Europe, the Middle East and Africa

Thu, 09 Jun 2011 17:44:17 +0100

Thomson Reuters Governance, Risk and Compliance (www.accelus.thomsonreuters.com <http://www.accelus.thomsonreuters.com> ), announced today that it is launching BoardLink, a secure portal for the online exchange and execution of board business, such as compiling and sharing board books, to companies in Europe, the Middle East and Africa.

Aspect Contact 2011 Now Generally Available for Small to Mid-Sized Contact Centres

Tue, 07 Jun 2011 09:44:44 +0100

CHELMSFORD, Massachusetts - Aspect, a leading provider of customer contact and Microsoft platform solutions, today announced the general availability of Aspect(R) Contact(TM) 2011, a solution designed to deliver essential customer contact capabilities for small to mid-sized contact centres and IT, HR, travel or other help desks operating with 20 ˆ 100 seats. Built to use Microsoft Lync 2010 as its media server, Aspect Contact 2011 enables organisations to achieve an additional ...

Crédit Agricole Corporate & Investment Bank and Experian to help clients with SEPA compliance

Wed, 01 Jun 2011 12:41:28 +0100

Nottingham, UK – 1 June 2011: Experian, the global information services company, today announced that it has been selected by Crédit Agricole CIB as its preferred partner to help its corporate banking customers access Experian’s global payment validation and automated data conversion services.

BWise Assigns Mikko Valtonen as Business Development Director Sustainability and EHS

Wed, 25 May 2011 16:00:59 +0100

New York, NY and ‘s Hertogenbosch, The Netherlands - BWise, the global leader in Governance, Risk and Compliance (GRC) management software solutions, has announced that Mikko Valtonen has joined the BWise team as its Business Development Director for Sustainability and EHS.

Thomson Reuters acquires World-Check

Tue, 17 May 2011 15:00:34 +0100

Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has announced the acquisition of London-based World-Check, a leading global provider of financial crime and corruption prevention information. Terms of the deal were not disclosed.

Bank Muamalat refines risk programme with SAS

Mon, 09 May 2011 17:26:08 +0100

KUALA LUMPUR – In order to enhance its enterprise risk management and lending decisions, Bank Muamalat Malaysia Berhad chose SAS Credit Scoring for Banking from SAS, the leader in business analytics software and services.

Equifax Reports First Quarter 2011 Results

Thu, 28 Apr 2011 12:32:48 +0100

ATLANTA, April 27, 2011 -- Equifax Inc. today announced financial results for the quarter ended March 31, 2011. The company reported revenue from continuing operations of $472.6 million in the first quarter of 2011, a 7 percent increase from the first quarter of 2010. First quarter 2011 net income from continuing operations attributable to Equifax was $57.3 million, a 6 percent increase from the prior year. On a non-GAAP basis, adjusted EPS from continuing operations attributable to Equ ...

Veracode State of Software Security Report Uncovers Weaknesses in Security Vendor Applications

Tue, 19 Apr 2011 16:05:35 +0100

With the trend of targeted cyber attacks along with the exploitation of common vulnerabilities such as SQL Injection, it is clear that the core software infrastructure of several critical industries remains extremely vulnerable. Released today, the Veracode “State of Software Security Report: Volume 3” uncovered that those security vendors tasked with protecting enterprises are often the most at risk due to the poor quality of their very own software applications. ...

AXA Real Estates debt programme reaches 2.7 billion

Mon, 18 Apr 2011 09:27:46 +0100

AXA Real Estate Investment Managers (“AXA Real Estate”) the leading real estate manager in Europe and second globally(1) with €39.9 billion of assets under management as of December 2010, announces that it has raised on behalf of its pan-European debt fund, Commercial Real Estate Senior 1 (“CRE1” or the “Fund”) an additional €180 million from a number of European insurance companies at second close.

Coface warns against increased country risk

Fri, 15 Apr 2011 16:04:47 +0100

After upgrading many of its country ratings in 2010, Coface is now downgrading 10 country ratings, including those for Japan and several countries in the Middle East/North Africa region.

With SAS® Analytics, Bank Leumi reduces risk while ensuring high returns

Wed, 06 Apr 2011 18:04:48 +0100

SAS GLOBAL FORUM, LAS VEGAS - Targeting low-risk, high-return segments, Bank Leumi relies on SAS Credit Risk Management to help maintain an overall capital ratio of 14-14.5 percent – the highest in Israel – all while delivering superior shareholder returns. Using software from the leader in business analytics, Bank Leumi is effectively combining credit risk management with portfolio management.

Latest SAS® Enterprise GRC solution empowers compliance officers, auditors

Wed, 06 Apr 2011 17:59:10 +0100

SAS GLOBAL FORUM, LAS VEGAS - Building company trust through collaboration cannot be sacrificed due to compliance and regulatory demands. With an integrated platform for comprehensive and continuous monitoring of risk and compliance exposures, the latest version of SAS Enterprise Governance, Risk and Compliance (GRC) helps busy compliance officers do more in less time while providing peace of mind to corporate executives and board members looking to avoid serious regulatory violations an ...

FRSGlobal launches web version of its industry acclaimed solutions

Wed, 06 Apr 2011 17:52:00 +0100

BRUSSELS, Belgium - FRSGlobal, part of Wolters Kluwer Financial Services, a leading worldwide provider of compliance and risk management solutions for the financial services industry, today launched web-based versions of its solutions to enable multiple audiences – including the C-level executive suite – access to powerful risk and regulatory reporting functionality online. The technology builds on FRSGlobal’s proven web-based risk management solutions, providing ...

Storebrand Bank chooses Tieto's SaaS solution for capital markets business

Mon, 28 Mar 2011 12:11:00 +0100

Storebrand Bank has selected leading Nordic IT service company Tieto to provide Software as a Service (SaaS) solution for its capital markets business.

Barclays Capital Recommends More Cautious Stance on Risk

Fri, 25 Mar 2011 16:14:30 +0100

NEW YORK/LONDON (March 24, 2011) – The global expansion continues, but policy normalization will be a constraint on market performance, Barclays Capital today said in its latest flagship quarterly research publication, Global Outlook: Winding Down the Recovery Trade.

Creation of ISO/IEC Smart Card Registration Authority increases interoperability security innovation

Thu, 24 Mar 2011 10:24:25 +0100

The appointment of a worldwide registration authority for smart card authentication protocols conforming to the ISO/IEC 24727 standard will ensure greater interoperability and security in this technology which plays such a vital role in establishing identity so that services such as healthcare, banking and transport go the right person.

KBC chooses SAS® for central, groupwide risk reporting

Tue, 22 Mar 2011 18:33:07 +0100

KBC has chosen SAS Risk Management for Banking, SAS Risk Management for Insurance and SAS Financial Management from the leader in business analytics software and services, to provide a central, groupwide risk reporting solution. With SAS, KBC can obtain a consistent and quick view of the overall risk exposures across risk types, departments and geographies.

Nedbank Will Transform Scorecard Development Using FICO Model Builder

Tue, 15 Mar 2011 17:14:22 +0100

LONDON — FICO, the leading provider of analytics and decision management technology, today announced that Nedbank in South Africa has purchased FICO™ Model Builder 7.1 for its analytic teams. Nedbank — part of Nedbank Group, South Africa’s fourth-largest banking group — will use FICO™ Model Builder across its retail business to develop predictive models, including models needed for complying with Basel regulations.

Saudi Hollandi Bank Selects FirstVisionTMSolution From First Data

Mon, 14 Mar 2011 13:08:52 +0100

First Data Corporation today announced that Saudi Hollandi Bank, a leading bank in the Kingdom of Saudi Arabia, has chosen to convert its credit card portfolio to First Data’s FirstVisionTM solution.

Information is not always available to take responsible credit decisions

Fri, 11 Feb 2011 16:05:23 +0100

“……….customers requesting credit are encouraged to collaborate wholeheartedly with their suppliers when the latter ask for pertinent information. It is for their own interest to ensure that future financial commitments will be met.

Equifax Reports Strong Fourth Quarter and Full Year 2010 Results

Thu, 10 Feb 2011 17:54:20 +0100

ATLANTA -- Equifax Inc. today announced financial results for the quarter ended December 31, 2010. The company reported revenue from continuing operations of $482 million in the fourth quarter of 2010, an 11 percent increase from the fourth quarter of 2009. Fourth quarter 2010 net income from continuing operations attributable to Equifax was $62.2 million, a 13 percent increase from the prior year. On a non-GAAP basis, adjusted EPS from continuing operations attributable to Equifax, exc ...

FICO and Efma Survey Indicates Banking Regulations Will Restrict Credit Availability in Europe

Thu, 03 Feb 2011 17:38:49 +0100

LONDON — FICO, the leading provider of analytics and decision management technology, and Efma (European Financial Marketing Association) today announced the results of the first European Credit Risk Survey.

Russia launches legal crackdown on financial market crime: 3 wash trades already detected

Thu, 27 Jan 2011 17:59:29 +0100

From today, criminal and administrative penalties in respect of abusive market practices will be enforced in Russia, with entry into force of the first tranche of provision under law No. 224-FZ "On Counteracting the Abuse of Inside Information and Market Manipulation and Amendment of Certain Legislative Acts of the Russian Federation". Russian legislation had hitherto not recognised or prohibited the use of "inside information" and "insider trading" as legal ...

Wolters Kluwer Financial Services Expands Offerings to India

Thu, 20 Jan 2011 19:26:49 +0100

LONDON, UK – Wolters Kluwer Financial Services, a leading worldwide provider of compliance and risk management solutions for the financial services industry, announced today that it is expanding its offerings to the financial services market in India. The company currently serves more than 15,000 financial services organisations worldwide.

Coface announces a new trend in the worldwide country risk scene

Wed, 19 Jan 2011 18:28:43 +0100

On the occasion of its 15th Country Risk Conference, Coface is expecting a moderate slowdown of the global economy. Among the risks to be monitored are the continued tension with the sovereign risks in the euro zone and the financing of growth in the emerging countries. Coface indicates that it is now the time of converging risks between the advanced countries and the emerging countries who have seen their rating improve with the test of the crisis.

Neural Technologies Finalist in European IT Excellence Awards

Fri, 07 Jan 2011 17:47:35 +0100

Neural Technologies (NT) has been shortlisted by the IT Europa European IT Excellence Awards, the first pan-European awards to recognise the crucial role that independent software vendors (ISV) play in the delivery of real world solutions.

FICO Provides Frictionless Model Deployment in Model Builder 7.1

Tue, 04 Jan 2011 16:42:00 +0100

MINNEAPOLIS - FICO, the leading provider of analytics and decision management technology, today announced the availability of version 7.1 of FICO™ Model Builder .

SAS® Operational Risk Management wins 2010 Financial i Leaders in Innovation Award

Fri, 17 Dec 2010 13:38:37 +0100

LONDON, UK – SAS, the leader in business analytics has won a 2010 Leaders in Innovation Award for best and most innovative solution in the category of Operational Risk Management from Financial i magazine. This is the fourth consecutive year that SAS has won the title, having earned the award for exhibiting excellence in risk management during the last 12 months.

Absa Bank Will Catch Fraud in Real Time Using FICO Falcon® Fraud Manager 6

Tue, 14 Dec 2010 23:02:33 +0100

LONDON – FICO, the leading provider of analytics and decision management technology, today announced that Absa Bank is adopting FICO™ Falcon® Fraud Manager 6 to control fraud in its debit and credit card portfolios. A member of the Barclays Group, Absa Bank is one of South Africa's largest financial services organisations, serving over 10 million retail banking clients. With the addition of the Absa portfolios, Falcon now protects more than half of the credit and debit c ...

Jean-Marc Pillu, new Chief Executive Officer of Coface

Mon, 13 Dec 2010 23:24:43 +0100

In its December 10th meeting, the Board of Directors of Coface, chaired by François David, announced the appointment of Jean-Marc Pillu as Chief Executive Officer of Coface.

OnGuard signs strategic partnership with PredictiveMetrics

Sun, 12 Dec 2010 19:20:10 +0100

New York & London – OnGuard, provider of credit management software, have announced that it has signed an agreement with PredictiveMetrics Inc., the leading provider of statistical-based predictive scoring and analytical solutions.

FICO Introduces Analytically Advanced Originations Solution to Propel Smart Lending Growth

Wed, 08 Dec 2010 18:22:19 +0100

MINNEAPOLIS — the leading provider of analytics and decision management technology, today announced the availability of FICO® Origination Manager, an analytic solution that supports the credit origination process from application through decision. Designed explicitly for the challenges of today’s tighter credit and regulatory environment, Origination Manager is FICO’s most powerful solution yet for assessing customer risk and potential value at the origination stage. ...

Bankers Almanac launches Credit Risk

Tue, 07 Dec 2010 17:59:56 +0100

Bankers' Almanac, a leading global provider of financial data for over 160 years, is proud to announce the launch of their brand new Credit Risk product. Providing vital data on banks and financial institutions in one single location, Credit Risk gives analysts the freedom to concentrate on analysis, rather than spend time researching and collating information. The new solution transforms the way credit risk professionals assess and analyse counterparty credit risk. Credit Risk gives prof ...

European Corporate Defaults 'To Stay Low Next Year But Rise Again From 2012'

Thu, 02 Dec 2010 16:06:51 +0100

LONDON -- European corporate default rates are expected to fall modestly during 2011, but may rise again from 2012 in the face of economic headwinds and refinancing challenges, according to Standard & Poor's Ratings Services Annual European Corporate Credit Outlook, published today.

NICE Actimize Implements Market Surveillance Solution for the Russian Regulator, FFMS

Thu, 02 Dec 2010 15:14:28 +0100

NICE Actimize, a NICE Systems company and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, today announced that the federal executive body regulating the Russian Federation’s financial markets, Federal Financial Markets Service (FFMS), has deployed NICE Actimize’s solution for market surveillance. The FFMS has already uncovered suspect activity from its implementation of the Actimize Marke ...

Experian outlines key credit risk priorities in Europe

Thu, 25 Nov 2010 12:33:55 +0100

Istanbul, 25 November 2010 — At its Credit Risk Summit in Istanbul, Experian today outlined to Europe’s most senior financial sector credit risk professionals the key strategies to help manage credit risk most effectively, particularly when operating in countries facing austerity measures.

Sharon Bowles MEP, has commented on the Irish rescue fund.

Tue, 23 Nov 2010 17:47:19 +0100

Chair of the European Parliament's Economic and Monetary Affairs Committee, Sharon Bowles MEP, has commented on the Irish rescue fund.

Raiffeisen International Expands FICO Economic Impact Service to Control Risk Across 15 Countries

Thu, 18 Nov 2010 19:11:29 +0100

LONDON—November 18, 2010—FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that Raiffeisen Bank International AG (RBI) will extend its usage of the new FICO® Economic Impact Service to control risk in markets across Europe. RBI will use the analytic service to develop lending strategies across 15 countries.

HDI-Gerling Italia ensures data quality with SAS®

Thu, 18 Nov 2010 19:07:03 +0100

MILAN, ITALY (Nov. 17, 2010) – HDI-Gerling, an international insurance group doing business in 28 countries worldwide, sought to align corporate strategies with the specific circumstances of the various countries in which it operates. HDI-Gerling Italia, the group's Italian branch, uses SAS Data Quality, from the leader in business analytics software and services, to achieve more focused monitoring and view results in a corporate context – and the international group will ...

Visa Europe Announces Cybercrime Partnership with University College Dublin

Thu, 18 Nov 2010 19:01:01 +0100

DUBLIN, 18 November 2010 – Visa Europe, Europe’s leading payment system, today announced a new partnership with the University College Dublin Centre for Cybercrime Investigation (UCD – CCI) to undertake forensic investigation into high tech financial crimes and cybercrime. The partnership will see UCD CCI assist Visa Europe with criminal investigations, R&D to help develop new security features and to support in the development of training courses for judges and prosecutors ...

Rabobank fights fraud with a flexible coherent multi channel approach

Tue, 16 Nov 2010 18:46:48 +0100

International financial services provider, Rabobank, has stepped up their protection against online fraud and increasing levels of phishing attacks. It will tackle the issue with RiskShield from INFORM GmbH and will monitor payment transactions and internet banking sessions with a coherent systematic approach.

Commercial launch of the world's first Visa CodeSure card with contactless payment functionality

Thu, 11 Nov 2010 17:48:31 +0100

London, UK, and Zürich, Switzerland - Visa Europe, Europe’s leading payment system, and Cornèr Bank, one of Europe’s most innovative banks, today announced the commercial launch of Visa CodeSure. This is a payment card with an embedded PIN pad which allows consumers to generate a passcode by simply typing their PIN number into the card enabling security and convenience in the same device. The card makes Verified by Visa online transactions easier and more secure and ...

Equifax Reports Third Quarter 2010 Results

Wed, 03 Nov 2010 13:16:30 +0100

ATLANTA, November 3, 2010 -- Equifax Inc. today announced financial results for the quarter ended September 30, 2010. The company reported revenue from continuing operations of $473.8 million in the third quarter of 2010, an 11 percent increase from the third quarter of 2009. Third quarter 2010 net income from continuing operations attributable to Equifax was $61.3 million, a 10 percent increase from the prior year. On a non-GAAP basis, adjusted EPS from continuing operations a ...

Coface extends its Irish team with 2 appointments

Mon, 01 Nov 2010 13:01:12 +0100

Coface – UK & Ireland, a leading provider of credit management solutions for business, has strengthened its team in Ireland with the appointment of Roslyn Keogh as Commercial Manager and Ellen Malone as Account Executive.

EDHEC-Risk Institute welcomes distinguished new members to its international advisory board

Fri, 29 Oct 2010 13:22:36 +0100

EDHEC-Risk Institute is pleased to announce that six new members have joined its international advisory board, which brings together high-level representatives from regulatory bodies, leading pension funds, professional organisations and business partners.

FICO Expands European Fraud Leadership with Two Key Appointments

Wed, 27 Oct 2010 11:27:01 +0100

FICO, the leading provider of analytics and decision management technology, today announced that two leaders of the European fraud solutions market have joined FICO in Europe. Paul Eagles, who has worked extensively for both SAS and Visa Europe, has joined FICO’s fraud professional services team as a senior consultant, while Brian Kinch, most recently of Lloyds Banking Group, has joined FICO as a senior partner working with FICO’s global fraud clients. Both executives will be based i ...

Adeptra expands its global presence with customer communications in twenty languages

Mon, 25 Oct 2010 14:33:05 +0100

London, UK – Adeptra, the recognised leader in automated customer contact and resolution for fraud, collections and marketing, has announced that its two-way, end-to-end customer communications solutions are now available in 20 languages and dialects. The most recent additions to Adeptra’s international language capabilities include Chinese and Taiwanese Mandarin, the world’s most commonly used language, as well as Cantonese, Japanese and Korean. Along with the opening of its n ...

Aspect Enhances Workforce Optimisation Offering with Latest Performance Management Release

Fri, 22 Oct 2010 17:28:54 +0100

CHELMSFORD, Massachusetts, - Aspect, a global provider of unified communications and collaboration services and software, today announced the general availability of Aspect(R) Performance Management 7, comprising new capabilities that build on Aspect's comprehensive suite of Workforce Optimisation (WFO) solutions. The new release enables organisations to more effectively leverage information from the contact centre to gain a holistic, 360 degree view of their business operations and workforce to ...

Three emerging countries come out of the crisis stronger

Fri, 08 Oct 2010 12:07:16 +0100

Caution: the Coface country rating does not concern sovereign debt, but rather indicates the average level of risk presented by a country’s companies on their commercial transactions. This average trend is not a guide to each company’s rating, which is determined by its own characteristics. It is therefore essential that the partners of a company located in one of the cited countries check the company’s specific Coface rating.

FICO Survey Finds U.S. Consumers Face Growing Credit Gap

Wed, 08 Sep 2010 18:42:49 +0100

MINNEAPOLIS - FICO, the leading provider of analytics and decision management technology, today announced the results of its quarterly survey of bank risk professionals. The survey, conducted for FICO by the Professional Risk Managers’ International Association (PRMIA), found strong evidence of a credit gap for U.S. consumers as lenders expect credit availability to fall short of consumer demand through the end of 2010.

Adeptra brings context and intelligence to global banks with new deployments of its decision engine

Wed, 18 Aug 2010 18:04:25 +0100

READING, UK and NORWALK, CT – Adeptra, the recognized leader in automated customer contact and resolution for fraud, collections and marketing, has announced new deployments of its Decision Engine technology for banks headquartered in North America and Europe.

41st Parameter Teams With Horus Fraud Prevention Solutions to Establish Local Presence in S. America

Wed, 11 Aug 2010 18:20:02 +0100

SCOTTSDALE, ARIZ - 41st Parameter Inc., the leading provider of person-not-present cross-channel fraud prevention solutions, today announced it has signed Sao Paulo-based Horus Fraud Prevention as the exclusive reseller of 41st Parameter's FraudNet suite of solutions for Brazil with the right to also market and deploy 41st Parameter products throughout South America.

FRSGlobal adds two Vice-Presidents to Executive Management Committee

Tue, 10 Aug 2010 17:45:20 +0100

BRUSSELS - FRSGlobal, the industry-recognised leader in content-rich solutions for unified global regulatory reporting and risk management, today announced that it has appointed Nancy Schneier as Vice President Global Alliances and Wolfgang Prinz as Vice President Product Management.

Experian signs global data integration deal with HSBC

Mon, 09 Aug 2010 19:14:35 +0100

Nottingham, 9 August 2010 – Experian®, the global information services company, today announced an enterprise deal with HSBC to help integrate the bank’s access to external data sources around the world.

Equifax Reports Second Quarter 2010 Results

Thu, 29 Jul 2010 17:16:40 +0100

ATLANTA - Equifax Inc. today announced financial results for the quarter ended June 30, 2010. The company reported revenue from continuing operations of $460.7 million in the second quarter of 2010, a 7 percent increase from the second quarter of 2009.

FICO® 8 Score Is New Standard for Credit Risk Assessment

Wed, 28 Jul 2010 18:11:21 +0100

MINNEAPOLIS — FICO, the leading provider of analytics and decision management technology, today announced that its FICO® 8 Score, used for consumer credit risk assessment, has been adopted by more than 2,500 banks and financial institutions. This widespread market adoption occurs as lenders continue to benefit from the enhanced predictive analytics of the new score.

Equifax makes it easy for consumers to get their statutory credit report online

Tue, 13 Jul 2010 09:39:13 +0100

The Department for Business Innovation & Skills (BIS) has announced that all three credit reference agencies have made it possible for consumers to access their statutory credit report online. Leading instant online credit information provider, Equifax, has welcomed this news because it has been trialling its own £2 statutory credit report online service since August 2009 with around 1 in 5 of requests for the Statutory Credit Report* now being delivered this way.

FICO Launches Optimisation Starter Kit to Reclaim Card Profitability

Tue, 13 Jul 2010 09:34:00 +0100

MINNEAPOLIS—FICO, the leading provider of analytics and decision management technology, announced today the general availability of a “starter kit” for credit line optimisation (CLO). This starter kit is bundled with the industry-leading FICO® TRIAD® Customer Manager to help card issuers apply analytic precision to credit line increase strategies.

FRSGlobal announces new in-built dashboards to product suite

Thu, 08 Jul 2010 09:33:44 +0100

BRUSSELS - FRSGlobal, the industry-recognised leader in content-rich solutions for unified global regulatory reporting and risk management today announced it will be providing advanced in-built dashboards to graphically represent results calculated by its solutions.

Decision Management Solutions Delivered to South Africa and Middle East

Mon, 05 Jul 2010 17:22:02 +0100

MINNEAPOLIS - FICO, the leading provider of analytics and decision management technology, has announced that it has expanded its relationship with PIC Solutions, its long-standing sales partner in the Middle East and Africa. Under the new agreement, PIC Solutions will continue to market, implement and support innovative FICO solutions for financial services clients while developing new business in the insurance and retail sectors.

Increase in suspected unlawful transactions in Norway

Mon, 05 Jul 2010 17:16:47 +0100

OSLO - The automated monitoring systems used by Norwegian banks are identifying an ever-increasing proportion of attempted financial crime. The number of suspicious transactions automatically identified by the systems has increased by 30% between 2006 and 2009.

Vivacom select Neural Technologies for Fraud Management

Fri, 25 Jun 2010 16:19:54 +0100

Vivacom, Bulgaria’s main telecommunications provider, has selected Neural Technologies as its definitive fraud management solution supplier.

Aspect Named Performance Management Hot Vendor in 2010 Value Index

Wed, 23 Jun 2010 19:30:20 +0100

CHELMSFORD, Massachusetts - Aspect, a global provider of unified communications and collaboration services and software, announced that Ventana Research, a leading benchmark and research advisory firm, has recognised Aspect as a 'Hot Vendor' in its newly established Value Index for Agent Performance Management.

Euristix provides enhanced risk management for specialist lender, Buy As You View

Mon, 14 Jun 2010 12:01:56 +0100

Financial services consultancy, Euristix, has been contracted by specialist retail and consumer finance provider, Buy As You View (BAYV), to provide enhanced risk analysis and management for the business.

P&A Receivables European Credit Forum alerts channel to growing threat of fraud scams

Wed, 02 Jun 2010 17:37:43 +0100

P&A Receivables, the leading credit management and debt collection service provider to the IT industry, has highlighted the growing threat that long- and short-firm scams pose to the channel and urged resellers, distributors and vendors to be on high alert when dealing with new customers, especially when potentially lucrative opportunities seem to be in the offing.

P&A Receivables warns that EC plans could lead to chaos in the IT industry

Sat, 22 May 2010 09:37:34 +0100

P&A Receivables, the leading credit management and debt collection service provider to the IT industry, has slammed the EC’s plans to make small firms exempt from filing accounts as a recipe for chaos in the IT industry.

Survey: Financial institutions regaining confidence, but barriers to risk management remain

Wed, 05 May 2010 19:50:16 +0100

LONDON - Banks and insurers are increasingly optimistic and have come far in strengthening risk management. Yet, regulatory compliance may distract attention from emerging risks while the prevalence of a silo-based approach at several organisations hampers risk management at an enterprise-wide level. So finds a survey of 346 senior risk management executives in the financial services industry conducted in February 2010 by the Economist Intelligence Unit (EIU) for SAS, the leader in business anal ...

Equifax Reports First Quarter 2010 Results

Thu, 29 Apr 2010 13:05:25 +0100

ATLANTA - Equifax Inc. today announced financial results for the quarter ended March 31, 2010. The company reported revenue of $461.3 million in the first quarter of 2010, a 3 percent increase from the first quarter of 2009. Revenue was unchanged from the prior year when adjusted for the favorable effect of foreign exchange rates.

Coface Increases its 2010 World Growth Forecast

Tue, 13 Apr 2010 16:21:06 +0100

Three industrialised countries return to their pre-crisis rating, but Coface warns of a lag in recovery in the Euro Zone.

Adeptra announces new Analytics platform

Thu, 08 Apr 2010 12:49:58 +0100

READING, UK, NORWALK, CT, USA – Adeptra, the recognised leader in automated customer communications, today announced the release of its analytics platform, Adeptra Analytics, to enable financial organisations to build smarter consumer credit and risk management strategies. The platform, developed in conjunction with a number of Adeptra’s global financial customers, is a market-first with near real-time visibility into the success of credit risk management.

Premier Bank loses US$50K in loan scandal

Sun, 21 Mar 2010 22:59:22 +0100

ZIMBABWE - PREMIER Banking Corporation (PBC) lost US$50 000 after a loan was granted using unprocedural means. An internal audit at the financial institution revealed the funds were paid out against an unfunded account number 01203935010202 domiciled at Borrowdale on October 29 2009, yet the account was only funded the next day. ...

47 suspects arrested in CIB anti-crime operation

Sun, 21 Mar 2010 22:41:45 +0100

TAIPEI, Taiwan -- The Criminal Investigation Bureau (CIB) started its second anti-crime operation this year yesterday morning and had arrested 47 suspects, including five gangs, by noon yesterday. ...

China banks told to take hard look at mortgage risk

Sun, 21 Mar 2010 21:49:25 +0100

BEIJING, CHINA - China's banking watchdog has sent a fresh reminder to banks to be stricter in their assessment of mortgage loans, the latest in a series of moves to slow lending and head off a property market bubble.

ID theft reports down, fraud up, says FTC

Sun, 21 Mar 2010 21:35:44 +0100

ID theft down, fraud up, reports FTC Good news from the Federal Trade Commission: while ID thefts remained the top complaint among consumers nationwide last year, the number of those complaints dropped 5 percent.

Credit managers call for more information to be available

Sun, 21 Mar 2010 21:30:48 +0100

The Federation of European Credit Management Associations (Fecma) has warned that trade credit managers can only take responsible decisions if they have access to the necessary information.

41st Parameter Names David Walker SVP Worldwide Sales

Fri, 19 Mar 2010 16:20:28 +0100

London, UK. - 41st Parameter Inc., the leading provider of online cross-channel fraud detection and prevention solutions, today announced that David Walker has joined its executive management team as Senior Vice President of Sales.

Audit thresholds and abridged accounts

Wed, 03 Mar 2010 23:38:38 +0100

FECMA, the Federation of European Credit Management Associations, has issued the following press release regarding the negative impact of Abridged Accounts and Audit Thresholds in view of the current economic and financial turmoil.

OECD calls on businesses to step up their fight against bribery

Wed, 03 Mar 2010 15:20:18 +0100

Companies should put in place strict internal controls and establish ethics and compliance programmes as part of a strategy to combat bribery in international business deals, according to a new guidance agreed by the 38 countries that are party to the OECD Anti-Bribery Convention.

New FICO Service Enables Banks to Fine-Tune Risk Strategies Based on Economic Conditions

Wed, 24 Feb 2010 12:02:54 +0100

MINNEAPOLIS – FICO, the leading provider of analytics and decision management technology, today announced the immediate global availability of the FICO Economic Impact Service, a patent-pending analytic service that helps lenders adjust their use of risk scores based on economic projections and lender-defined scenarios.

China's economic policies under fire from world deciders

Fri, 19 Feb 2010 16:27:53 +0100

BEIJING, CHINA— China's banking watchdog said Wednesday it had called on the nation's banks to ensure "balanced and steady" credit growth, amid concerns over the risk of bad loans following rampant lending in 2009.

Reserve Bank of India awards Experian first full licence to operate Indian credit bureau

Thu, 18 Feb 2010 17:06:51 +0100

UK 18 February 2010 - Experian®, the global information services company, today announced that its Indian Joint Venture is the first company to be awarded a full licence by the Reserve Bank of India (RBI) to operate a credit bureau in India under new regulations.

Mill Valley finance consultant jailed in $2 million theft inquiry

Mon, 08 Feb 2010 12:42:15 +0100

USA - A Mill Valley credit and bankruptcy consultant was arrested Tuesday on charges he stole nearly $2 million from an international corporation in Silicon Valley, authorities said.

Fraudulent behaviour

Mon, 08 Feb 2010 12:30:23 +0100

MALTA - We’ve all heard the stories. Someone sets up a business or company, entering into financial arrangements with third parties who are never paid. When the business fails, they declare bankruptcy leaving a trial of unpaid debts behind them… only to set up a new business and do it all over again. Josanne Cassar looks into the financial and legal issues of commercial fraud as well as the psychological profile of a typical fraudster.

China bank regulator urges to check credit growth

Mon, 08 Feb 2010 12:25:19 +0100

BEIJING, CHINA - China’s banking regulator, China Banking Regulatory Commission urged country’s banks to curb credit growth this year on concerns that the fast growth may lead to an asset bubble.

SunGard Acquires Inmatrix

Mon, 08 Feb 2010 11:55:35 +0100

AUSTRALIA - SunGard today announced that it has acquired Inmatrix, a leading provider of credit risk analysis and business forecasting solutions. Inmatrix, based in Melbourne, Australia, offers two credit management solutions: Optimist, which helps evaluate the credit worthiness of borrowers; and Portfolio Strategist, which helps banks develop a portfolio view of their exposure.

LCH.Clearnet and SIX x-clear publish interoperability summary

Mon, 08 Feb 2010 11:20:25 +0100

LONDON - LCH.Clearnet Limited (LCH.Clearnet), the leading independent clearing house, and SIX x-clear Ltd, the Central Counterparty (CCP) and licensed Swiss bank, have today published a summary link agreement which provides the framework for successful interoperability across Europe. The existing interoperability arrangement between the clearing houses which serves the London Stock Exchange (LSE) and SIX Swiss Exchange uses this link agreement.

Fraudulent behaviour

Mon, 01 Feb 2010 16:17:56 +0100

The Malta Independent on Sunday recently published the following article, entitled 'Fraudulent behaviour'.

Securing growth and tackling inequality remain key challenge as Chile emerges from recession

Wed, 27 Jan 2010 16:01:53 +0100

Chile, now on the path to becoming the OECD’s newest member, is emerging from recession relatively fast on the back of government stimulus measures and a rebound in copper export prices, says a new OECD report.

Atradius reinforces information exchange as way out of recession

Tue, 26 Jan 2010 17:52:09 +0100

UK - Leading trade credit insurer Atradius has reinforced the need for a clear exchange of information between stakeholders to strengthen the UK’s business economy and expedite recovery.

Coface affirms Romania at 'B'

Fri, 22 Jan 2010 17:02:50 +0100

ROMANIA - French credit rating agency Coface has affirmed Romania’s credit rating to "B", non-investment grade but should the economy return to growth, the agency could raise its country rating outlook to positive.

Coface sees the end of the global credit crisis

Fri, 22 Jan 2010 09:37:15 +0100

During its 14th Country Risk Conference, Coface announces some 20 upgrades in country ratings. The credit crisis, which will have lasted two years - as predicted at the conference held in January 2008 - has been of an unprecedented magnitude in the past 60 years.

Vietnam banks to tighten consumer lending in 2010

Wed, 13 Jan 2010 16:43:19 +0100

Vietnam’s commercial banks have become more cautious with consumer lending this year as the country’s credit growth target has been set lower than 2009.

FINCAD and SAS Provide Banks with Enterprise Risk Management and Independent Valuations

Tue, 12 Jan 2010 15:18:26 +0100

FINCAD and SAS today announced the two companies have formalized an alliance to provide a solution for banks to address their enterprise risk management and independent valuation needs.

FINCAD and SAS to Provide Banks with Enterprise Risk Management and Independent Valuations

Tue, 12 Jan 2010 15:12:27 +0100

VANCOUVER, BC and CARY, NC – FINCAD®, the trusted provider of derivatives analytics to leading global banks, and SAS, the leader in business analytics software and services, today announced the two companies have formalized an alliance to provide a solution for banks to address their enterprise risk management and independent valuation needs.

Regulators Reinforce Basel Committee Reform Package

Tue, 12 Jan 2010 09:56:58 +0100

The Group of Central Bank Governors and Heads of Supervision ("The Group"), the oversight body of the Basel Committee on Banking Supervision (BCBS www.bis.org) met on 10 January at the Bank for International Settlements.

Joint Forum Review of International Financial Regulation

Mon, 11 Jan 2010 12:11:19 +0100

The Joint Forum just published its 132-page report "Review of the Differentiated Nature and Scope of Financial Regulation - Key Issues and Recommendations". The Joint Forum consists of the Basel Committee on Banking Supervision (BCBS), the International Organization of Securities Commissions (IOSCO), and the International Association of Insurance Supervisors (IAIS).

Macey-Dare returns to Marsh to lead International Political Risk and Structured Credit business

Mon, 11 Jan 2010 11:37:35 +0100

Marsh, the world’s leading insurance broker and risk adviser, has appointed Julian Macey-Dare as International Leader of its Political Risk and Structured Credit Practice.

Capital support from shareholder will help Coface to reinforce its commitment to customers

Wed, 23 Dec 2009 09:19:36 +0100

Capital support from shareholders will help Coface to reinforce its commitment to its customers in the recovery phase which is on the way.

Aon Risk Services Signs Definitive Agreement to Acquire FCC Global Insurance Services

Tue, 15 Dec 2009 14:52:08 +0100

Aon Risk Services (ARS), the risk management and insurance brokerage business of Aon Corporation, today announced that it will acquire FCC Global Insurance Services, the in-house captive brokerage subsidiary of FCC. FCC Global Insurance Services is a subsidiary of Fomento De Construcciones Y Contratas, S.A.

Comment from EDB Business Partner on the changing focus in 2010 for banks and financial institutions

Tue, 15 Dec 2009 09:26:33 +0100

According to Mikael Krohn, VP at EDB Business Partner, the last year has been an incredibly volatile time in the world of risk management, however, it has also been the year when risk management was thrust firmly onto the agenda and became of crucial importance for global banks and commercial lenders.

Treasury gets tougher on home loan relief

Mon, 14 Dec 2009 11:11:53 +0100

USA - The Obama administration threatened on Monday to punish mortgage lenders with fines unless they speed up efforts to give hard-pressed homeowners a permanent break on monthly payments.

Aon Trade Credit comment on government's closure of top-up credit insurance to new applications

Thu, 10 Dec 2009 11:15:34 +0100

UK - Susan Ross, director of Aon Trade Credit - the UK's largest credit insurance broker - and chair of the British Exporters' Association, comments on the Government's announcement that it is closing the top-up credit insurance to new applications.

Wall Street and the City reject reform but accept blame for crisis

Thu, 10 Dec 2009 09:40:35 +0100

Early findings of a global risk management survey which asks finance professionals what they think caused the banking crisis and what should be done about it, reveals that the City and Wall Street will not accept any measures to reform despite admitting blame for the financial crisis.

Bursa Malaysia Selects Thomson Reuters for Data Distribution Platform

Wed, 09 Dec 2009 19:01:27 +0100

MALAYSIA - Thomson Reuters today announced it has been selected by Bursa Malaysia to deliver a new data distribution platform to support their growing trading business.

ISO Announces Launch of Underwriting Information Resource in Israel

Wed, 09 Dec 2009 18:55:15 +0100

ISRAEL - ClaimSearch® Israel announces the launch of a new underwriting system that will enable companies, for the first time, to verify information supplied by an applicant.

New Equifax Solution Helps Businesses Reduce Losses, Improve Profitability

Thu, 03 Dec 2009 09:27:27 +0100

USA - Equifax Inc. has announced the launch of a new solution that gives companies increased control over the risk management of business customers as well as suppliers.

Princeton Financial® Systems launches MIG21 Data Manager

Wed, 02 Dec 2009 10:29:28 +0100

USA - Princeton Financial Systems® (PFS), a leading provider of investment accounting, investment compliance, data management, performance measurement and reporting solutions to the global investment industry, today announced the availability of MIG21 Data Manager.

As Cyber Monday looms, Adeptra surveys UK and US attitudes to suspected fraud

Fri, 27 Nov 2009 16:09:15 +0100

In the run up to Cyber Monday, an Adeptra survey of 400 British and American consumers, reveals that American consumers take greater steps than the British to avoid becoming a victim of financial fraud, checking their bank and card statements more frequently.

15 firms select FRSGlobal regulatory reporting solution for new French Regulation SURFI

Thu, 26 Nov 2009 10:23:38 +0100

FRANCE - FRSGlobal, the only global provider of risk and regulatory reporting solutions with coverage for over 40 countries on a unified platform, today announced that just over one year after the French Commission announced its Système Unifié de Reporting Financier (SURFI) project, 15 firms have selected FRSGlobal’s regulatory reporting solution in order to prepare for the new regulation. These firms will be able to use the solution when the French Commission opens up its testin ...

Recession is the catalyst for a decade of business change - CBI

Mon, 23 Nov 2009 17:12:23 +0100

UK - The recession has raised concerns about commercial models, supply chains and finance that will reshape business behaviour well into the next decade, the CBI said today.

Experian forms Credit Information Company Joint Venture in India

Mon, 23 Nov 2009 17:01:35 +0100

INDIA - Experian®, the global information services company, today announced the creation of Experian Credit Information Company of India Private Limited.

Customer-related and credit risks top agendas for Europes leading firms

Mon, 23 Nov 2009 15:08:48 +0100

EUROPE - New research by Marsh, the world’s leading insurance broker and risk adviser, reveals that senior executives in Europe’s leading organisations are most concerned about customer-related risks and access to credit, as they plan their recovery from the global economic downturn.

New ISO standard for effective management of risk

Wed, 18 Nov 2009 17:31:10 +0100

A new International Standard, ISO 31000:2009, Risk management – Principles and guidelines, will help organizations of all types and sizes to manage risk effectively.

Fidelity Bank Signs on Creditquest Risk Software

Mon, 16 Nov 2009 12:54:51 +0100

NIGERIA - In its drive to instal optimum-functionality and cutting edge risk management systems, Fidelity Bank Plc has acquired the globally recognised and respected Credit Risk and Portfolio Management Software known as Creditquest.

Standard & Poor's to Broaden Presence in China

Mon, 16 Nov 2009 12:50:44 +0100

CHINA - The McGraw-Hill Companies, today announced that Standard & Poor’s (S&P) is planning to establish a Greater China headquarters in Shanghai, underscoring the company’s commitment to supporting China’s growing capital markets, as well as Shanghai’s emergence as a leading global financial center.

Marsh Named 'Broker of the Year' in Asian Insurance Industry Awards for Third Consecutive Year

Wed, 11 Nov 2009 12:30:13 +0100

ASIA - Marsh, the world's leading insurance broker and risk advisor, has been named 'Broker of the Year' at the 13th Annual Asia Insurance Industry Awards. This is the third year in a row and fourth time in five years Marsh has taken home this accolade.

Telcos' data breach notification amendment is passed

Fri, 06 Nov 2009 11:52:32 +0100

EUROPE - The European Council has approved a data breach notification rule for Europe's telecoms firms. The amendment to an EU Directive will force telcos to tell customers if they lose their data.

CIBC selects FRSGlobals liquidity solution

Wed, 04 Nov 2009 14:22:07 +0100

CANADA - FRSGlobal today announced that Canadian bank; Canadian Imperial Bank of Commerce (CIBC) has chosen FRSGlobal's liquidity solution. The combination of FRSGlobal's stress testing and regulatory reporting will enable the firm to monitor, manage and report liquidity as well as build and develop a library of stress tests in accordance with the FSA’s requirements.

Top-10 Global Bank Selects Actimize

Mon, 02 Nov 2009 12:13:18 +0100

Actimize, a NICE Systems today announced that a top-10 global bank, has selected the company as its strategic partner for fighting financial crime in a high 7-digit deal.

Scotiabank joins forces with FAC to offer 3-D Secure solutions across the English Caribbean Region

Wed, 21 Oct 2009 17:41:10 +0100

CANADA - First Atlantic Commerce (FAC), a leading, international, multi-currency payment and risk management solutions provider, and Scotiabank, an international bank based in Canada and the leading bank in the Caribbean, have joined together to offer 3-D Secure™ services to online merchants in 7 countries across the English Caribbean.

Actimize receives highest possible rating from Gartner

Thu, 08 Oct 2009 13:35:34 +0100

Actimize, a NICE Systems company and the largest and broadest financial crime, compliance and risk management solutions provider to the financial services industry, today announced that it received a rating of “Strong Positive”, the highest rating available, in Gartner’s report entitled “MarketScope for Enterprise Fraud Management”, issued September 3, 2009.

2014: the future of risk management according to Aon

Thu, 01 Oct 2009 18:30:13 +0100

Increased demand for in-house risk managers, ERM exploring opportunities and better risk data will characterise the future risk world, according to Aon, the leading global insurance broker and risk advisor.

Independent Research Assesses the Growing Prominence of Transaction Banking in Asia

Mon, 21 Sep 2009 13:20:21 +0100

ASIA - A new independent research report analysing the growing prominence of the transaction banking market in Asia was launched today by Penrose Financial, the leading public relations consultancy specialising in financial services and capital markets, and Kapronasia, the leading financial services consultancy in Asia.

Creditsafe Creditnet expands into Spain and Norway

Mon, 21 Sep 2009 13:05:56 +0100

SPAIN, NORMWAY, UK - Creditsafe, the business credit information experts, has announced the expansion of Creditnet, its international credit referencing solution, to include companies from Spain and Norway. The expansion means that instant credit reports are now available to Creditsafe subscribers for businesses through most of Europe.

EC Public Hearing on Responsible Lending and Borrowing

Fri, 18 Sep 2009 09:36:49 +0100

EUROPE - A Public Hearing has now followed up the EU Consultation on Responsible Lending and Borrowing which closed at the end of August.

Recession Could be Ending, but Crisis Will Continue

Tue, 08 Sep 2009 18:13:31 +0100

RUSSIA - According to Russian experts, the recession could be ending, but the crisis will continue.This was the result conclusion of the meeting held on Thursday by the experts from the Institute of Contemporary Studies (INSOR) and the Finance & Investment Markets Players Club (KIFIR). INSOR and KIFIR were the initiators of this meeting.

EFG International selects FRSGlobals RegPro

Tue, 08 Sep 2009 09:58:13 +0100

FRSGlobal today announced that global private banking group, EFG International has selected FRSGlobal’s regulatory reporting tool, RegPro for regulatory reporting in its France, Spain, Luxembourg, Monaco, Hong Kong and Singapore branches.

ICMA and Taiwan Securities Association sign Memorandum of Understanding

Tue, 08 Sep 2009 09:54:34 +0100

TAIWAN - The International Capital Market Association (ICMA) and the Taiwan Securities Association (TSA) have today signed a joint Memorandum of Understanding to develop their relationship and to promote mutual exchange of knowledge between the two organisations and their members.

New Credit Score Model Not Helping Home Buyers Says Credit Expert

Thu, 27 Aug 2009 09:34:10 +0100

USA - Credit Expert Eddie Johansson believes the improved FICO 08 credit scoring model will increase the credit scores of a significant segment of borrowers. According to Johansson, president of Credit Security Group, a leading nationwide credit analysis and rescoring firm, that's because the largest sources of home financing, Fannie Mae and Freddie Mac, have not yet approved it.

Marsh launches trade credit insurance service to help firms maintain cover during recession

Mon, 17 Aug 2009 17:19:09 +0100

UK - As UK companies continue to encounter problems renewing their trade credit cover, Marsh, the world’s leading insurance broker and risk adviser, has launched a new service to help these organisations stabilise or improve the credit limits issued by insurers. The service will enable companies to continue trading effectively with suppliers and customers during the recession.

Global issues raise worries for risk managers in Italy

Sun, 16 Aug 2009 17:21:32 +0100

ITALY - Risk managers already busy trying to protect their companies' assets as the world economy struggles are facing emerging risks that call for their attention, Italian risk management experts say.

Isbank automates financial risk decisioning for new customers with Experian

Wed, 12 Aug 2009 17:38:34 +0100

TURKEY - İşbank has selected Experian®, the global information services company, to enable it to make faster and more accurate decisions based on the financial risk of consumers applying for its credit cards and retail loans in Turkey.

2Checkout.com Extends Commitment to 41st Parameter's Internet Fraud Detection Solutions

Tue, 11 Aug 2009 12:18:37 +0100

USA - 41st Parameter® Inc., the leading provider of fraud detection and prevention technology, today announced a three-year extension of services from 2Checkout.com (2CO), provider of turnkey e-commerce solutions and payment processing for approximately 40,000 businesses around the world.

Scotiabank joins forces with international payment gateway

Wed, 22 Jul 2009 11:17:54 +0100

Scotiabank has joined forces with international payment gateway, First Atlantic Commerce, to offer 3-D Secure™ solutions across the English Caribbean Region.

TIETOs interim report 2/2009 (JanuaryJune)

Fri, 17 Jul 2009 08:01:01 +0100

TIETO’s interim report 2/2009 (January–June) shows the IT market continuing to be weak, Tieto's profitability improves slightly from the first quarter.

CGI to moderate and present at the New York Society of Security Analysts event

Tue, 14 Jul 2009 18:45:17 +0100

During this time of massive change and consolidation in the financial services industry, banks are beginning to demand a variety of new solutions that will bring them through the lending downturn and position them for the eventual upswing. As a result, technological changes have begun to take place in many areas, including product development, risk management, client service and more.

Merchants Launches SmartIDentity(TM) ID Theft Recovery Protection for Residential Rental Property

Thu, 09 Jul 2009 16:41:26 +0100

Merchants Information Solutions announced its latest risk management innovation: SmartIDentity(TM) ID theft recovery protection to benefit rental community owners and their renters and employees at the National Apartment Association's 2009 Education, Conference, & Exposition.

TransUnion Consumer Credit Risk Index Hits Record Level

Thu, 09 Jul 2009 16:21:25 +0100

The TransUnion Credit Risk Index, a statistic developed to measure the changes in average consumer credit risk within various geographies, increased 1.98 percent from 124.79 in the fourth quarter of 2008 to 127.26 in the first quarter of 2009.

Tieto's second quarter results on 17 July

Wed, 08 Jul 2009 09:35:23 +0100

Tieto will publish its interim report for 1 January - 30 June 2009 on Friday 17 July at 8.00 am EET (7.00 am CET, 6.00 am UK time).

'Tomorrow's News Today' - Creditntell's 'Future Outlook Analysis'

Tue, 07 Jul 2009 17:16:34 +0100

Creditntell.com, a division of Information Clearinghouse Inc., showcases the "Future Outlook Analysis Report" - a forward-looking business tool for companies extending credit to retailers.

Most Creditworthy Consumers Also Are Most Likely to Be Identity Theft Victims

Tue, 07 Jul 2009 17:10:23 +0100

A recent Experian study found a significant relationship between high credit scores and propensity for identity fraud victimization.

Next Development of SMARAGD - The Anti-Finance Crime Suite

Tue, 07 Jul 2009 17:02:53 +0100

With its new SMARAGD Anti-Finance Crime Suite, Cellent Finance Solutions AG has bundled the solutions from the SMARAGD range into an integrated, all-in-one package for combating financial crime.

Credit Scoring and Credit Control XI returns on 26-28 August

Mon, 06 Jul 2009 18:41:01 +0100

Edinburgh University's Credit Research Centre (CRC) will again host a major event for the credit industry this year as Credit Scoring and Credit Control XI returns on 26 to 28 August.

Ten Proposals for Getting out of the Crisis and for a New Global Balance

Mon, 06 Jul 2009 18:31:35 +0100

It is very tempting to hope for a fast way out of the current economic difficulties. The Circle of Economists is disassociating itself from this reassuring vision, which does not make it possible to envision and implement the institutional reforms and coordination essential for the emergence of a new growth model. Contrary to popular belief, this period may be favourable to France.

TietoEnator - net sales and profits down, outsourcing activity picking up

Fri, 24 Apr 2009 09:39:11 +0100

First-quarter net sales declined by 6% and amounted to €438.0 (€468.3) million. As 38% of Tieto's net sales are generated in non-euro countries, the weakened currencies, especially the Swedish krona, had a negative impact on net sales in euros.

Equifax reports first quarter 2009 results

Thu, 23 Apr 2009 08:16:14 +0100

Equifax Inc has announced financial results for the quarter ended March 31, 2009. The company reported revenue of $452.9 million in the first quarter of 2009, a 10% decrease from the first quarter of 2008, of which 6% was due to the unfavourable effect of foreign exchange rates.

Neural Technologies buys Prime Creation Technology

Fri, 27 Mar 2009 13:34:28 +0100

Neural Technologies has acquired a controlling interest in Hong Kong-based Prime Creation Technology, a provider of value added services for mobile operators.

DebtX to sell 138m German and Italian loans

Wed, 25 Mar 2009 16:13:02 +0100

DebtX, the largest marketplace for loans, today announced it will sell more than €138 million in non-performing loans from three financial institutions in Germany and Italy.

Tieto expects sales and profits drop

Mon, 23 Mar 2009 20:29:01 +0100

Based on developments during the first quarter of 2009, Tieto now expects full-year net sales to be lower than in 2008. In January-February, Tieto's net sales amounted to €275 million, representing a 12% decline from the corresponding period in 2008. Approximately half of this decline is due to weakened currencies.

Australia hit by collapse in world trade

Sun, 22 Mar 2009 23:23:55 +0100

A collapse in world trade, particularly in the Asia-Pacific region, and a sharp drop in economic growth for China have significantly heightened the downside risk to Australia’s outlook, according to a new report released by Dun & Bradstreet (Australia).

Coface maintains solid growth

Sat, 21 Mar 2009 14:28:40 +0100

Since the last quarter of 2008, the global credit crisis has entered a second phase. Coface is confronting the crisis with:

- a 7.1% increase in turnover in 2008 (6.5% at constant structure)
- a credit insurance loss ratio of 73% - an increase of 24 points
- a net profit of €94m (down from €204m in 2007), the decrease being limited by improved services and factoring contributions

D&B Australia takes over FCS Online

Mon, 16 Mar 2009 10:09:12 +0100

Dun & Bradstreet Australia has acquired the 53% of FCS OnLine shares it did not hold making it the sole owner of the business as it looks to further integrate its credit reporting and identity verification businesses.

Heath to lead Aons Risk Control team for UK corporates

Tue, 03 Mar 2009 16:11:49 +0100

Aon Global Risk Consulting has appointed Graham Heath as director of Risk Control UK. In this role, Graham will help UK corporate clients to improve their business performance through effective management of their risks.

Tieto appoints Per Johanson as Head of Financial Services

Tue, 03 Mar 2009 10:04:14 +0100

Per Johanson has been appointed as Executive Vice President of Tieto's Financial Services business and member of the Leadership Team as of 16 May 2009. Per will be based in Sweden.

Neural Technologies implements fraud management solution for Trilogy

Mon, 02 Mar 2009 16:26:20 +0100

Risk management software solution provider, Neural Technologies, today announced that it has completed the installation of its Minotaur fully integrated fraud management solution for Trilogy International Partners at the latter’s Ft Lauderdale, Florida, USA data centre.

Tieto starts staff cuts in weakened market conditions

Thu, 26 Feb 2009 11:19:01 +0100

Due to the continuous deterioration of the macroeconomic environment and its impact on demand for IT services in certain industry sectors on Tieto's main markets, Tieto will start personnel negotiations regarding employee reductions in selected operating countries mainly in Northern Europe.

BBA statement to the de Larosiere report

Wed, 25 Feb 2009 18:54:56 +0100

"The British Bankers' Association agrees that it is vital to set up a European wide forum for financial stability, as proposed today by the High Level Group chaired by Jacques de Larosiere, which obviously must work alongside of central banks of non-Eurozone countries. Other aspects of the report, such as the changes to EU regulatory and supervisory structures are also welcome and we are pleased the group agreed to a step by step approach to bring the regulators of Europe closer together. ...

Power shift from ratings agencies to insurers over credit worthiness

Wed, 25 Feb 2009 11:30:06 +0100

Credit insurers have taken over the mantle from ratings agencies in determining UK companies’ credit worthiness, according to Aon Trade Credit. This shift in power means that it is in businesses’ interest to work with credit insurers; which provide suppliers with cover against bad debts; to ensure that they have sufficient insight to enable credit lines for their key suppliers.

Tieto introduces ready-made software components for network element providers

Wed, 18 Feb 2009 14:00:47 +0100

Tieto is launching two new Signaling gateways along with Telecom-grade Application Enablers. With these components Tieto continues its efforts to help NEP (Network Element Providers) customers build and introduce new and more efficient services with shorter time to market, thus enabling them to respond more quickly to market requirements. At the same time, by extending its range of ready-made software components for NEPs, Tieto is taking R&D one step further.

Risk analysis in the financial sector must become part of the culture

Wed, 18 Feb 2009 13:56:29 +0100

This week has seen the head of the UK's Financial Services Authority (FSA) admit that the watchdog did not focus enough on the excessive risks being taken by banks. In addition a former HBOS employee has confessed that risk managers at the bank were discouraged from challenging business decisions. In light of the current economic climate and these announcements, Palisade continues to alert the financial sector that it must evolve to embrace risk.

Creditinfo and SCHUFA sign joint venture agreement

Wed, 18 Feb 2009 11:06:50 +0100

Creditinfo Group hf and SCHUFA Holdings AG today signed an historic Joint Venture agreement, resulting in the formation of a new holding company, Credinfo SCHUFA GmbH, registered in Wiesbaden, Germany.

Global supply chain disruption threat doubles

Tue, 17 Feb 2009 14:43:47 +0100

lGobal supply chains are becoming more vulnerable to potential disruption to trade in 42% more countries in 2009 than last year. According to Aon’s Political Risk Map, the number of countries with the 'supply chain vulnerability' icon has increased from 38 to 54 due to risks ranging from government embargo or interference with a supplier through to strikes, terrorism and sabotage.

Manduca appointed as Aon Limited non-executive chairman

Tue, 17 Feb 2009 14:34:57 +0100

Aon Limited has appointed Paul Manduca as non-executive chairman.

Nordic outlook - fiscal and monetary shock therapy

Tue, 17 Feb 2009 09:12:12 +0100

In the wake of the financial crisis, a dramatic weakening of economic activity is occurring. This decline is global and synchronised. Global GDP will shrink this year, and 2010 will be another typical year of economic weakness. The consequences will be rapidly rising unemployment and mounting tensions in international economic policy cooperation. The threat of deflation will become increasingly evident to the world's central banks, which will respond with zero interest rate policies and quantita ...

SimCorp helps clients mitigate risk in a response to market turmoil

Sun, 15 Feb 2009 14:15:18 +0100

The increasingly complex investment management environment and the current financial crisis have shown that improved risk management is crucial for financial institutions to stay competitive in ever-changing markets. Releasing the new version of its product SimCorp Dimension, the world's most advanced software solution for the investment management industry, SimCorp responds to this challenge in its continued effort to enable clients to mitigate risk, reduce costs and allow growth.

ONDD - Higher premiums for medium to long term transactions

Tue, 10 Feb 2009 14:40:02 +0100

In the framework of the OECD arrangement, the Office National du Ducroire (Belgium) has increased its premiums for cover against political risk for some countries.

PIC Solutions partners with True Integrated Marketing in Dubai

Tue, 10 Feb 2009 14:16:25 +0100

PIC Solutions, the leading credit risk solutions company in the EMEA region has signed a partnership agreement with True Integrated Marketing (TIM).

PIC Solutions business development manager for West Africa

Tue, 03 Feb 2009 09:16:59 +0100

PIC Solutions, the leading credit risk solutions consultancy in the EMEA region has recruited an additional relationship sales professional to service the West Africa region.

ANZIIF announces education partnership in Indonesia

Fri, 30 Jan 2009 09:51:32 +0100

The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) today launched a joint education partnership with Sekolah Tinggi Manajemen Risiko dan Asuransi (STIMRA).

Tieto and First Data Latvian card

Tue, 27 Jan 2009 10:10:22 +0100

Tieto is First Data's partner for a new payment card solution for state institutions in Latvia. The solution is based on the Tieto Card Suite Acquiring module. It will substantially simplify and speed up the payment process for both state institutions and their end customers.

Firewall security risk assessment

Tue, 27 Jan 2009 10:07:12 +0100

Pentura, a leading IT security consultancy and the UK’s first Risk Management Service Provider, has today launched a new firewall security risk assessment. Pentura’s Firewall Risk Assessment will audit and analyse router and firewall configuration to ensure the highest level of protection is achieved and to identify any system vulnerabilities.

Chinese and Korean exports collapse

Thu, 22 Jan 2009 09:57:55 +0100

A day after similarly weak numbers in Singapore, today's very weak Chinese and Korean data highlight just how hard hit Asia was towards the end of last year by the global downturn. Across the region, a collapse in export growth has had direct flow-on effects to industrial production, and we are now seeing this start to impact employment, with household spending the next in line.

Coface downgrades China and Russia

Wed, 21 Jan 2009 10:07:17 +0100

During its 13th Country Risk Conference in Paris, Coface announced the downgrading of 22 country ratings. For the first time, two of the biggest emerging countries are negative watch-listed simultaneously: China and Russia.

Economic outlook: after winter comes spring

Tue, 20 Jan 2009 19:10:04 +0100

For the first time since World War II all the major economies in the world have slid into recession at largely the same time. Though it has been discussed whether the current recession could evolve into a depression, Nordea's economists emphasise in their new Economic Outlook that this is not their baseline scenario.

EU forecasts for 2009-2010: slowdown to sharpen, growth will return before end-2009

Tue, 20 Jan 2009 19:04:43 +0100

GDP growth in the European Union is expected to fall by 1.8% in 2009 before recovering moderately to 0.5% in 2010. This is the result of the impact on the real economy of the intensified financial crisis, the ensuing global downturn manifested in the severe contraction of world trade and manufacturing output and, in some countries, housing-market corrections.

Commission launches European database for financial education

Tue, 20 Jan 2009 18:54:17 +0100

The European Commission has published a European Database for Financial Education (EDFE) on the Europa website. It has been designed to reference numerous financial education programmes offered by public or private institutions in the European Union.

PIC Solutions Appoints International CEO, Expands Middle East Business

Thu, 15 Jan 2009 14:00:32 +0100

On 1 February 2009, PIC Solutions International, a new division of PIC Solutions, will be created to accelerate the development of PIC Solutions’ interests beyond Southern Africa. PIC Solutions has appointed Stephen J. Leonard as Chief Executive Officer of PIC Solutions International, to facilitate the expansion of business in the international arena.

PIC Solutions Appoints New CEO

Wed, 14 Jan 2009 16:26:57 +0100

PIC Solutions has appointed a new Chief Executive Officer, David McAlpin, to replace Stephen J. Leonard who will be moving to Dubai as CEO of PIC Solutions International.

Risk ignorance 'greatest 2009 challenge'

Wed, 14 Jan 2009 16:07:23 +0100

70% of UK risk managers have declared that making sure the employees in their organisation are risk savvy is their biggest challenge in light of new pitfalls according to research conducted by Aon, the leading global provider of risk management services.

Aon Global UK appoints new director

Wed, 14 Jan 2009 16:04:49 +0100

Aon Global UK has appointed Fiona Davies as a director to drive business growth and relationship management with multinationals.

World growth to drop to the lowest level in ten years

Wed, 14 Jan 2009 15:25:35 +0100

World economic growth will fall to 1.0% in 2009, the lowest level in more than ten years, before rebounding to 2.1% in 2010, according to a report released today by leading credit reporting and business intelligence firm Dun & Bradstreet (D&B).

Country risk: Emerging economies caught in the storm

Tue, 13 Jan 2009 13:32:50 +0100

Euler Hermes has published its analysis of country risk in a global economic crisis. Country risk takes on another dimension in a recessionary environment.

Fair Isaac Announces Keynote Speakers for InterACT 2009

Mon, 12 Jan 2009 18:19:33 +0100

Fair Isaac Announces Keynote Speakers for InterACT 2009: The New Face of Risk, March 10-13 in New York City. World-Renowned Economic Authorities to Address Financial Crisis.

Fitch Ratings will no longer provide ratings of Kaupthing

Mon, 12 Jan 2009 18:05:50 +0100

The ratings agency Fitch Ratings has announced that it will no longer provide ratings or analytical coverage of Kaupthing and its UK subsidiary, Kaupthing Singer & Friedlander. Fitch has also affirmed and simultaneously withdrawn the ratings of the banks.

OECD Unemployment Rate increases to 6.5% in November 2008

Mon, 12 Jan 2009 13:24:45 +0100

The unemployment rate for the OECD area was 6.5% in November 2008, 0.1 percentage point higher than the previous month and 0.8 percentage point higher than a year earlier.

California Earthquake Would 'Accelerate US Mortgage Meltdown'

Tue, 06 Jan 2009 10:10:22 +0100

In light of current economic conditions, a major catastrophe such as an earthquake in California would bring new misery to both US and international financiers, according to an analysis released today by Impact Forecasting LLC, a division of Aon Benfield, the world's premier reinsurance intermediary and capital advisor.

Hilton-Baird Polska Forms Strategic Alliance with RiskFactor

Mon, 05 Jan 2009 11:03:48 +0100

Independent business introducers, Hilton-Baird Polska, have formed a strategic alliance with risk management specialists RiskFactor Solutions Limited that will enable them to work together to provide powerful risk management software tools to the emerging Polish factoring market, where Hilton-Baird is spear-heading the development of the industry in Central and Eastern Europe.

CII scrap plans to merge with Australian Counterpart

Fri, 19 Dec 2008 16:18:59 +0100

The Chartered Insurance Institute (CII) has scrapped plans for a merger with its Australian counterpart after finding “financial discrepancies” in its accounts. The CII said that the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) revenues “are falling dramatically and is potentially heading for a loss this year.

Coface seeks official EU Credit Rating Agency approval

Thu, 18 Dec 2008 17:41:54 +0100

Credit rating agencies have been unanimously picked out for their responsibility in the current financial crisis. In this context, the European Commission has just submitted a much-awaited draft Regulation on credit rating agencies to the European Parliament.

EOS acquires Rochester Credit Center in the US (RCC)

Wed, 17 Dec 2008 16:35:48 +0100

As of 1 December 2008, the EOS Group acquired 100% of the assets of the U.S.- American debt collection company Rochester Credit Center, Inc. (RCC), trading as The Credit Bureau.

Credit data firm to cut 300 posts

Fri, 12 Dec 2008 00:00:00 +0100

Nottingham-based credit information firm Experian is to slash more jobs across the UK and Irish Republic in the New Year. The company said it would consult with its 4,000 employees before making the cuts at the end of March 2009. This comes after a previous round of cuts, including top-level executives, earlier this year.

French govt steps in to offer credit insurance

Wed, 03 Dec 2008 00:00:00 +0100

The French government is set to provide insurance to companies who offer credit to the businesses they trade with. As the threat of insolvency increases with the slowdown, insurers are less willing to provide credit insurance.

Risk

Coface announces Dara Hanley as Senior Underwriter for Ireland

Laurent Mignon appointed Chairman of the Board of Directors of Coface

Saudi Bank, Al Bilad, selects Evolis Card Printers to personalize its payment cards

SunGard Virtual Card Volume Quadruples Year over Year

Atradius publishes ten-point plan for exporting to China

World growth: resilient in 2012 before rebounding in 2013 in a context of uncertainty

SunGards AvantGard PayNetExchange Earns Payment Card Industry (PCI) Compliance Certification

Trusteer Mobile Secures Smartphones and Tablets Against Banking Fraud

Equifax Reports First Quarter 2012 Results

Atradius - Economic outlook

Country risk assessments review

Risk Management wins seat at boardroom table in financial institutions across EMEA

FICO Launches New Solution to Combat $50+ Billion Insurance Claims Fraud Problem

Outbox and FICO bring advanced analytics and decision management technology to Polish market

Thomson Reuters launches new forward-looking model to assess credit risk

European consumers and small businesses 'will fall further behind in credit payments'

SunGard Enhances Protegents Insider Trading and Conflict Detection Capabilities

Acceptance of the EMV Chip in the US

Banking Just got Safer as Nedbank Collaborates with Entersekt to Strengthen Online Banking

European Bankers Project 2012 Economic Recession in FICO-Efma Survey

As retail quarter comes to a close, insolvencies 'show no signs of dissipating'

Collaboration between risk audit and compliance

Selby Jennings Grows in Singapore

White Paper: Generating Value from Decision Automation

Compliance Teams Stretched to their Limits, Says Thomson Reuters Survey

Euler Hermes management appointments: Nicolas Delzant and James Daly

Euler Hermes management appointments:

Atradius report - An update of country and industry risks and opportunities - Greece

GB Group and TransUnion Continue to Drive Global Cross Border Trading

Are you ready to welcome Italian consumers with safe, legal and responsible Identity Verification?

Top tips for UK businesses exporting to Turkey

First Hawaiian Bank improves its risk detection systems

Euler Hermes 2011 Results

Eurobonds and Eurobills should be part of the recovery says British Euro MP Sharon Bowles

Contrasting European economic data and confusion on Greek debt

Comment on Cyberattack of Dutch Telecoms Company KPN

Equifax Reports Fourth Quarter 2011 Results

Top tips for UK businesses exporting to Turkey

Weekly column from Mira Inform - Apples unbelievable numbers

Trusteer Helps Huntington Bank Protect Customers from Cybercrime

Investor Confidence Index Falls 2.1 points in January from 94.5 to 92.4

The construction sector: persistent credit risk in most countries

Limited Liability has a price tag

Weekly column from Mira Inform - Costs of Governance

European repo market remains stable despite Eurozone difficulties, ICMA-ERC survey shows.

RESPONSE TO STANDARD & POORS press release published 17 JANUARY 2012

Coface Country Risk: Companies solidity already impacted by the systemic crisis in Europe

Tieto implements new generation fraud management solution in Komercijalna Banka AD Skopje, Macedonia

Linedata announces the results of its 1st Lending and Asset Finance industry survey

BWise SaaS and Application Management Services Certified by KPMG for ISAE3402 Type II

ISN provides the perfect gateway for Alaric to distribute into Latin America

Europe cracks down on distance sellers this Christmas

DAB Bank AG Upgrades with NICE Interaction Management to Enhance Compliance Capabilities

Experian outlines European credit risk agenda for 2012

The food industry in the world: companies under pressure faced with price volatility

BWise and LiBi sign agreement to join forces in selling and servicing BWises GRC platform in ...

New FICO Analytic Solution Helps Banks Ensure Compliance & Improve Performance of ...

The Bank of Tanzania selects Creditinfo International GmbH to bring its banking to the next level

Europeans Credit Problems Will Worsen, Say Bankers in FICO and Efma Survey

Market Group appoints Sapient Global Markets to construct the European DataWarehouse

Duff & Phelps Expands European Presence With Acquisition of MCR

Equifax Reports Third Quarter 2011 Results

BWise integrates sustainability into daily management

Veracode Announces Webcast Focused on Next Generation Application Security and Intelligence

Country risk assessments: Deterioration in Europe and in the United States

EDHEC-Risk Institute releases results of European survey on use of equity and bond indices

Global Payments Inc. will Deploy Accertify Risk Management and Fraud Prevention Solutions

Neil Munroe of Equifax re-appointed as President of ACCIS

Increased executive focus on money laundering swells workload for compliance staff

Lebanese CreditBank S.A.L. Will Grow Credit Portfolios Using FICO Origination Solutions

Take the risk out of international trade with instant intelligence from around the globe

Neckermann will use FICO Model Builder to Speed Development of Predictive Analytics

Comment from Actimize following Ocean Bank $10.9 million fine

FICO Model Builder 7.2 Speeds Model Development and Improves Prediction

Atradius N.V. mourns death of Vice Chairman & CMO Dr Peter Ingenlath

International Criminal Court Selects World-Check

Experian receives regulatory approval to establish Australian credit bureau

Solvency 2 compliance and data protection implications

Beyond the Headlines: Risks and Opportunities in Ireland and Italy

SunGards AvantGard PayNetExchange Earns Payment Card Industry (PCI) Compliance Certification

SunGard Enhances Protegents Insider Trading and Conflict Detection Capabilities

Euler Hermes 2011 Results

Eurobonds and Eurobills should be part of the recovery says British Euro MP Sharon Bowles

Weekly column from Mira Inform - Apples unbelievable numbers

Limited Liability has a price tag

Coface Country Risk: Companies solidity already impacted by the systemic crisis in Europe

BWise and LiBi sign agreement to join forces in selling and servicing BWises GRC platform in ...

Europeans Credit Problems Will Worsen, Say Bankers in FICO and Efma Survey

Veracode Announces Webcast Focused on Next Generation Application Security and Intelligence

SAS big analytics tackles big data, speeds problem solving

NICE Actimizes Remote Banking Fraud Solution Prevents Fraud Losses For Malaysias CIMB Bank

3 major trading risks identified at the 2011 Coface Opportunities in Trade Country Risk Conf

Neural Technologies and Turkcells Fraud & Credit Risk Management Project wins global award

AXA Real Estates debt programme reaches 2.7 billion

Absa Bank Will Catch Fraud in Real Time Using FICO Falcon® Fraud Manager 6

Bankers Almanac launches Credit Risk