may i - 2016 issue - biia.com...may i - 2016 issue pages 2 - 3 pages 4 - 12 page 13 pager 15 page 16...
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BIIA NEWSLETTER ISSUE 05 I - 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
MAY I - 2016 ISSUE Pages 2 - 3
Pages 4 - 12
Page 13
Pager 15
Page 16
Late Breaking News:
What Grows – What Does Not
The LendingClub Scandal
Transparency at Bay: Another Disaster for Fiji – This One Man Made
Transparency at its Best: The Panama Papers Open to the Public
Member News:
CRIF is Granted a Special Accessing Entity License by the CIC of the Philippines
Cerved Group S.p.A Acquired a 70% Stake in Digital Advertiser Clickadv S.r.l.
kompany.com Moving Information on 100 million Companies onto the Blockchain
for KYC/KYB
Creditsafe Sheds New Light on China
Bisnode Q1 2016 Revenue Down 2%
Cerved Information Solutions 2015 Revenue Up 6.7%
Forrester Q1 2016 revenue Up 3%
Forrester: The State of Big Data Technologies
BOL Thailand Q1 2015 Revenue Up 13%
FICO Q2 Fiscal 2016 Revenue Flat (Quarter ending March 31st, 2016)
FICO Turns Business Decisions into Assets with Debut of FICO Decision Central
D&B Q1 2016 Revenue Up 7% BFX and 6% AFX
Thomson Reuters Q1 2016 Revenue Up 1% BFX – Down 1% AFX
Experian Full Year 2016 (Ending March 31st, 2016) Revenue Up 5% BFX and
Down 4% AFX
Fraud Prevention in Italy: Experian and Cerved Join Forces
TransUnion Q1 2016 Revue Up 18% BFX – 15% AFX
The Wand Finance and Investment Taxonomy has been Updated and Expanded
Avention Solves Account-Based Marketing (ABM) Data Challenge – Introduces
OneSource ABM Solutions
Industry News:
Powerlinx and Altares – D&B in Partnership
Foreigners at the Gate: UK Tech Sector Growth Fueled by Foreign Entrepreneurs
Onvia Unveils New Integration with Salesforce CRM
News from China:
Alibaba Bails Out Lazada in a One Billion Dollar Bet on South East Asia e-
Commerce
Baidu Scandal Unleashes Crackdown Wave of Online Markets
Regulatory News:
UK’s Financial Conduct Authority Plans to Regulate FinTech Sector
Legal Entity Identifier (LEI): Update on Direct and Ultimate Parent Entities
Turkey Adopts Data Protection Law
ACCIS Annual Meeting June 8th
to June 19th 2016, Lisbon, Portugal
BIIA Welcomes Safety Report as a New Associate Member
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
2
LATE BREAKING NEWS
What Grows – What Does Not?
Many of major players in the credit information and
ratings sector have reported their results for 2015 and
Q1. Creditsafe reported revenue 28% growth in 2015.
CoreLogic and Verisk Analytics growth was buoyed by
acquisitions. TransUnion growth in Q1 was 18% BFX
and 15% AFX. Equifax also reported 15% growth BFX
and 12% AFX. Experian global revenue for fiscal 2016
(ending March 31, 2016) was 5% BFX and (4%) AFX.
Experian’s Latin American growth was significantly
impacted by foreign exchange losses.
The downturn of the market for issuing debt instrument
has impacted rating agencies negatively. Moody’s
consolidated revenues were down (*6%), while S&P
Global revenues were up 5% due to good performance
of other business lines.
The LendingClub Scandal – A Disrupter is Being Disrupted
Changes in loan application dates, ineffective internal control systems and conflict of interest got CEO
Laplanche fired. LendingClub’s business model now in peril. Lawsuits and new regulations threating.
LendingClub which was seen until last week as the gold standard in FinTech startups had its shares plunging 51
percent last week after the surprise departure of Chairman and CEO Renaud Laplanche and the disclosure of
faulty internal controls. The company shocked investors with the announcement of accounting irregularities,
conflicts of interest and the consequential departure of its CEO Laplanche.
LendingClub was founded in 2007 and is a peer-to-peer lender; consumers can take out loans of up to $40,000
(£27,654), supplied by a third party, that are then packaged up and sold to institutional investors who want to
receive the stream of interest payments in return. The immediate concern for LendingClub's management is to
prop up the flagging business and stop it from imploding. LendingClub says: "A number of investors that, in the
aggregate, have contributed a significant amount of funding on the platform, have paused their investments in
loans through the platform. As a result, the company may need to use its own funds to purchase these loans in
the coming months."
This means that LendingClub is going to fundamentally shift its business model from being a ‘middle man’ and
taking no risk to taking on the risk of borrowers defaulting. The startup sold itself as simply a marketplace,
connecting borrowers with investors, but now it is buying its own product. That will bring LendingClub under the
umbrella of lending regulations, which it tried to avoid.
It's likely that this scandal will have a wider impact on the online lending and FinTech industry, at least in the U.S.
The Journal reports that "investors and analysts say they have grown more cautious about the entire online-
lending sector. Source: Inc.com/business-insider
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
3
LATE BREAKING NEWS
Transparency at Bay: Another Disaster for Fiji – This One Man Made?
Fiji Credit Bureau Closed by Government Fiat without Prior Public Consultation. Lending Community is
Perplexed – Lending to Individuals and Businesses Likely to be
Impaired
On 26th of April the Minister for Finance announced that the Government was
moving to pass a Bill which would regulate credit reporting agencies in the
country and advised that the Bill would be debated on Wednesday the 27th,
the very next day. Neither the Bureau, the lending community or the Reserve
Bank of Fiji, the proposed regulator, were consulted (nor were they aware of
the Bill prior to the press release) notwithstanding the fact that the bureau had
commenced discussions with the RBF around the process of introducing
comprehensive positive reporting and the supporting regulatory regime.
As a consequence of the new law the Data Bureau has elected to close its operation at this time and is
reviewing its position. The Bill is yet to be gazetted and it is understood there are no regulations in place to
outline the process or rules for anyone wanting to apply to operate a bureau in Fiji. Source: Data Bureau Fiji - BIIA
Research - Press Coverage
Data Bureau Limited is a member of BIIA and as such BIIA has offered its full support going forward.
To read the full story click on this link
Transparency at its Best: Panama Papers Database Open to the Public
The body behind the Panama Papers revelations is to make an enormous database of financial data
public. The International Consortium of Investigative Journalists (ICIJ) has launched a new database
allowing members of the public to look at some of the leaked data themselves. It contains some 200,000 entries
on offshore bodies, taken from the enormous leak which sparked political turmoil across the globe.
The journalists involved in the leak have so far closely guarded their source data, but now plan to let ordinary
people see parts of it. The ICIJ claims the details represent the largest ever release of secret offshore companies
and the people behind them. The data contain information about companies, trusts, foundations and funds
incorporated in 21 tax havens, from Hong Kong to Nevada. It links to people in more than 200 countries and
territories.
When the new data is released next month, users will have access to Mossack Fonseca’s internal records of a
company’s true owners. The ICIJ said the new data will be “a careful release of basic corporate information” in
the public interest. It will not include bank accounts details or financial transaction records. Emails,
correspondence, passports and telephone numbers will also be withheld.
The database is published at offshoreleaks.icij.org Source: Cyber Security Intelligence
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
4
MEMBER NEWS
CRIF is granted a Special Accessing Entity License by the CIC of the Philippines
The Credit Information Corporation (CIC) has granted CRIF a Special Accessing Entity (SAE) license
together with 5 other international accredited private credit bureaus. CIC is the national credit information
system of the Philippines.
The Credit Information System Act of 2008 (CISA Law), which regulated the establishment of the CIC as a credit
information system in the Philippines, defines the role and scope of a centralized and comprehensive credit
information system which is not allowed to provide any added-value services. SAEs or private credit bureaus, as
they are widely known, are defined by law as a duly accredited private corporation engaged primarily in the
business of providing credit reports, scoring and credit information services to support the lending sector and help
extend access to credit to a wider segment of the economy and especially to MSMEs (micro, small and medium
enterprises).
Simone Colombara, Managing Director of CRIF Philippines, said, “CRIF is proud of the recognition that the CIC
and the overall market has given us in terms of the promotion of credit culture over the last 3 years. CRIF’s
international operations serve lenders that are looking to offer their services within the Association of Southeast
Asian Nations (ASEAN) and Overseas Filipino Workers (OFW). CRIF localized solutions enable medium/small
lending institutions to automate loan application processing and to improve risk management.” Speaking about
2016, Colombara added, “Considering the success of the CRIF roadshow in 2015, we are going to replicate the
same initiative this year and involve even more lending institutions.”
Lamberto Barbieri, Asian Managing Director, concluded, “Thanks to CRIF’s presence and tailored solutions, we
are an ideal partner for lenders that operate on local, regional and global levels. We are committed to expanding
the breadth of our product offering and to helping organizations grow with risk management solutions targeting
both developed economies, such as Hong Kong, mainland China and India, and emerging Asian markets, such as
Indonesia, the Philippines and Vietnam. CRIF leverages synergies and core skills with an understanding of the
local culture and unique market needs; this is key to providing greater flexibility and keeping quality standards
high.” Source: CRIF Press Release
Cerved Group S.p.A. Acquired a 70% Stake in Digial Advertiser Clickadv S.r.l.
Cerved Information Solutions S.p.A. (“CIS”; MTA: CERV), parent holding company of the Cerved group has today
completed – via its subsidiary Cerved Group S.p.A. (“Cerved Group”) – the acquisition of a 70% stake in Clickadv
S.r.l. (“PayClick”).
PayClick, founded in 2008 by Luca Formicola and two business partners, is active in the digital advertising space,
and offers its clients performance-based marketing products and solutions under the PayClick trademark thanks to
proprietary technologies. In 2015 PayClick reported Revenues of Euro 7.8 million and normalized EBITDA of Euro
2.35 million.
Source: Cerved Press Release
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
5
MEMBER NEWS
kompany.com is Moving Information on 100 million Companies onto the
Blockchain for KYC/KYB
At the joint conference of the European Commerce
Registers’ Forum (ECRF) and Corporate Registers’
Forum (CRF) in Cardiff, UK, kompany.com announced its
development to provide electronic ledgers of original and
authoritative company information.
By applying a hybrid blockchain to continuously
monitor and note changes of official company
information (e.g. company filings, changes in directors,
etc.), kompany.com can provide the ultimate source of
actual and historical, fully auditable and valid company
vitals and filings. The company blockchain also offers a
one-stop-shop access to retrieve all available information and official documents on a specific company and its
officers, including the identification and visualization of interconnections with other companies and beneficial
owners worldwide. Moreover, it enables a search for companies based on all current and future identifiers
(e.g. commercial register number, LEI, EUID, REID, DUNS®, Bloomberg Global ID/FIGI, Thomson Reuters
PermID, EIN, VAT numbers), thereby harmonizing today’s global company information infrastructure.
In a networked and global marketplace compliance and risk management is increasingly crucial. The growth of
KYC / KYB (know-your-customer /-business), AML (anti-money-laundering), and EDD (enhanced due diligence)
requirements is driven both by regulatory changes and the commercial need to avoid business disruptions.
kompany already today supports the financial industry, large corporates and various ERP / CRM platforms and
market places to automate their KYC / KYB processes for client onboarding and monitoring, resulting in significant
time and cost savings. Source: kompany Press Release
Creditsafe Sheds New Light on China
Creditsafe announced it has extended its global database to include critical information on over 40
million private and public companies in China. This marks the first time such an expansive portfolio of
financial information and analytics focused specifically on China has been commercially available. As
of May 2016, Creditsafe offers comprehensive business intelligence on public and private companies
in over 200 countries around the world.
Specifically for China, Creditsafe provides customers with immediate intelligence on all aspects of a
company's key financials including: registered name/address, financial metrics, industry
code/description, legal form, director/shareholder information, ultimate holding company and
subsidiary/affiliate information. Source: Prnewswire.com/news
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
6
MEMBER NEWS – Q1 2016 Earnings Releases
Bisnode Q1 2016 Revenue Down 2%
Revenue amounted to SEK 856m (873)
Organic revenue growth was −2.0% (−0.2)
Operating profit EBITA of SEK −16m (38)
Underlying operating profit (EBITA) of SEK 25m (51)
Magnus Silfverberg, CEO commented as follows: Profit before tax totaled SEK −71m (0), which
corresponds to earnings per share of SEK −0.4 (−0.1) The business highlight from the first quarter is the closing
of several interesting deals within predictive marketing solutions, most notably a significant deal in Belgium. The
offerings acquired last year, AIS Nordic, a provider of vehicle and vehicle-related business information and SN4, a
provider of Customer Experience Management (CEM), are both performing well.
A strategically important step was taken when acquiring the D&B license for Bisnode Southern
Markets. The companies’ operations cover Slovenia, Croatia, Serbia, Bosnia and Herzegovina,
Macedonia, Montenegro, Kosovo and Albania, and the license opens the potential to speed up the
development of the above-mentioned markets.
The International Markets region continues to provide solid results to the Group with satisfactory profit margins. In
line with our strategic direction to phase out non-core products, Bisnode divested its Finnish print business with
the closing date on 1 April. In the Swedish operations we had revenue development in line with Q1 2015, and
improved the underlying operating EBITA through long-term cost measures. The DACH region delivered slightly
lower revenue and EBITA than last year, but is counter acting this with cost-saving measures according to plan.
For the full release click on this link.
Cerved Information Solutions 2015 Revenue Up 6.7%
Revenues: Euro 353.5 million, +6.7%
compared to Euro 331.3 million in 2014;
EBITDA: Euro 170.8 million, +6.7%
compared to Euro 160.1 million in 2014,
resulting in an EBITDA margin of 48.3%;
Adjusted Net Income: Euro 68.5 million,
+24.7% compared to Euro 55.0 million in
2014;
Operating Cash Flow: Euro 136.1
million, +7.9% compared to Euro 126.2
million in 2014;
To read the full press release click on this link
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
7
MEMBER NEWS – Q1 2016 Earnings Releases
Forrester Q1 2016 Revenue Up 3%
Forrester reported revenues of $77.4 million for the first quarter of 2016, compared with $75.2
million for the first quarter of 2015. Research revenues increased 3%, and advisory services
and events revenues increased 4%, compared with the first quarter of 2015. On a GAAP basis,
net income was $1.0 million, or $0.06 per diluted share, for the first quarter of 2016, compared with a net loss of
$0.2 million, or $(0.01) per diluted share, for the same period in 2015.
“The company continues to gain momentum. Forrester was at the upper end of revenue guidance and met pro
forma operating income and EPS targets for the first quarter,” said George F. Colony, Forrester’s chairman and
chief executive officer. “The Forrester Connect business (which includes Leadership Boards and Executive
Programs) and the Forrester Events business are showing significant performance improvements over 2015.
While we still have work to do to increase our revenue and margin growth, we are happy with how we have started
2016.” Source: Forrester Earning Release
Forrester: The State of Big Data Technologies
In a new TechRadar™ report, Forrester identified and evaluated 22 of the most important big
data technologies, ranging from artificial intelligence and machine learning to big-data-as-a-
service, data integration, and predictive analytics. Ranking each technology from minimal to
significant success, the report assesses each technology based on current state, future value, the next stage of
maturity, and the overall trajectory.
Forrester found that a majority of big data technologies are in the growth or survival phases — including
technologies like data encryption, data virtualization, stream analytics, and SQL-for-Hadoop — meaning that they
have reached a state of deployment in the market.
Despite this level of maturity, businesses are becoming rapidly more sophisticated with their big data needs,
demanding that the technologies they use deliver insights that actually improve their business model. Only one
technology made it to the equilibrium phase — MPP data warehouse — meaning that it’s ranked highest to meet
businesses’ end-to-end data management analytics challenges in the years to come. Source: Forrester
BOL Thailand Q1 2015 Revenue Up 13%
Business Online (BOL reported revenue of US$2.9 million, up 13% year-on-year. Net income in
the quarter also increased by 13% compared to the same period last year, reaching
US$483,000. Earnings per share in the period were Baht 0.02.
Almost all of BOL’s revenues were generated from its “Service” segment. Only US$4,200 of the total was
generated from “Other” segment. The company did not provide details of the various revenue categories. Source:
Business Strategies Group Hong Kong - www.bsgasia.com
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
8
MEMBER NEWS – Q1 2016 Earnings Releases
FICO Q2 Fiscal 2016 Revenue Flat (quarter ending March 31st
, 2016)
FICO reported revenues of $206.7 million for the
quarter as compared to $207.1 million reported in the
prior year period. Revenues for the second quarter
fiscal 2016 across each of the company's three
operating segments were as follows:
Applications revenues, which include the company's
preconfigured decision management applications and
associated professional services, were $121.9 million
in the second quarter compared to $134.4 million in
the prior year quarter, a decrease of 9%. This was
due to decreased license sales in Fraud Solutions
compared to the prior year.
Scores revenues, which include the company's
business-to-business (B2B) scoring solutions and
associated professional services, and the business-to-consumer (B2C) service, were $61.1 million in the second
quarter, compared to $49.9 million in the prior year quarter, an increase of 22%. Revenue for B2B increased 14%
and B2C revenue increased 42% from the prior year quarter.
Tools revenues, which include Blaze Advisor®, Xpress Optimization and related professional services, were $23.6
million in the second quarter compared to $22.8 million in the prior year quarter, an increase of 4%, due primarily
to increased professional services. Net income for the quarter totaled $23.1 million, or $0.72 per share, versus
$18.9 million, or $0.58 per share, reported in the prior year period. Source: FICO Earnings Release
FICO Turns Business Decisions into Assets with Debut of FICO Decision Central
FICO unveiled FICO® Decision Central™, a unique solution that provides end-to-end analytic model and decision
logic governance, a central repository for decisions, and advanced workflow management. FICO Decision Central
enables businesses to improve business performance by capturing decisions so they can be reused, modified and
improved overtime.
FICO Decision Central is a natural successor to FICO® Model Central™, a solution developed to help financial
institutions meet the increased regulatory requirements to document decisions made throughout the development
and use of predictive models. FICO Decision Central expands these capabilities to the entirety of the decision
process, enabling businesses to capture all of the decisions that they make. From data quality testing through
model development, implementation, deployment, validation, and updates or replacement, FICO Decision Central
provides an audit trail for the development, evolution and management of decisions, enabling easier, more
streamlined compliance. Performance monitoring allows organizations to review and refine decision quality,
enabling them to make consistently better decisions over time. Source: Fico Press Release
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
9
MEMBER NEWS – Q1 2016 Earnings Releases
D&B Q1 2016 Revenues Up 7% BFX and 6% AFX
D&B reported total Q1 revenues of US$377.6
million, up 7% BFX and 6% AFX
Americas: As Adjusted revenue of $309.6 million,
up 10% year over year both before and after the
effect of foreign exchange; organic revenue
increased 1% before the effect of foreign exchange;
GAAP revenue of $307.0 million, up 10% year over
year before the effect of foreign exchange (up 9%
after the effect of foreign exchange); As Adjusted
operating income of $79.7 million, up 12% year over
year, GAAP operating income was $69.6 million, up
3% year over year. GAAP results were negatively
impacted by acquisition-related expenses such as
amortization of intangibles.
Non-Americas: As Adjusted revenue, organic
revenue and GAAP revenue of $68.0 million, down 5% year over year before the effect of foreign exchange (down
10% after the effect of foreign exchange); As Adjusted and GAAP operating income of $13.0 million, down 41%
year over year. The operating income decline was driven primarily by the decline in revenue.
Source: D&B Earnings Release - BIIA Home Page: http://www.biia.com/dun-bradstreet-q1-revenue-up-7-bfx-6-afx
Thomson Reuters Q 1 2016 Revenue Up 1% BFX – Down 1% AFX
Reported revenues declined 1%. Before currency, revenues grew 1%
Excluding recoveries, revenues increased 2% (before currency)
Adjusted EBITDA grew 2% to $748 million with a margin of 26.8% vs. 26.0% in the prior-year period.
Currency had a 70 basis point favorable impact on the margin
Underlying operating profit grew 8% to $498 million with a margin of 17.8% vs. 16.3% in the prior-year
period. Currency had a 70 basis point favorable impact on the margin
Adjusted earnings per share (EPS) increased 23% to $0.48, an increase of $0.09 per share. Currency had
a $0.01 favorable impact on adjusted EPS
“The year is off to a solid start,” said Jim Smith, president and chief executive officer of Thomson Reuters.
“Today’s results are in line with our expectations and it is encouraging to see the continued positive trajectory of
our business, despite a somewhat volatile and challenging period in external markets during the first quarter.”
Source: Thompson Reuters Press Release
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
10
MEMBER NEWS – Q1 2016 Earnings Releases
Experian Full Year 2016 (ending March 31st, 2016) Up 5% BFX and (4%) AFX
Experian reported full year revenues (fiscal 2016) of US$4,477 million versus US$4,658 (AFX) of prior year.
Experian Segment Results (Constant Currency): North America Growth Up 3% - Latin America Up 7% -
UK and Ireland Up 5% - EMEA/Asia Pacific Up7%
On an actual exchange rate basis Latin America growth was down (26%), UK and Ireland down (2%) and
EMEA/Asia Pacific down (6%). Total corporation revenue was down (4%).
BIIA has published for its members Experian’s full year segment results. To view the date click on this link
Fraud Prevention: Experian and Cerved Join Forces
The phenomenon of online fraud is evolving rapidly and represents a global threat, which generates estimated
total losses at about 3,800 billion euro per year.
To deal with this threat and respond coherently to the market, Experian and Cerved have joined forces to make
more effective anti-fraud safeguards for financial institutions, providing end users a greater number of data and
then cross-checks. To this end, the findings of Scipafi data, the public system to prevent fraud and identity theft of
the MEF, will be accessible directly from the subjects also authorized by the application Visius, the Cerved
technical solution aimed at strengthening the means of control optical anti-money laundering.
Source: Experian Press Release
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
11
MEMBER NEWS – Q1 2016 Earnings Releases
TransUnion Q1 2016 Revenue Up 18% BFX – 15% AFX
TransUnion announced Q1, 2016 revenue of
$406 million, an increase of 15 percent (18
percent on a constant currency basis) compared
with the first quarter of 2015. Acquisitions
accounted for a 1 percent increase in revenue.
U.S. Information Services (USIS) revenue was
$247 million, an increase of 13 percent compared
with the first quarter of 2015. Operating income
was $30 million, an increase of 9 percent
compared with the first quarter of 2015.
Online Data Services revenue was $161
million, an increase of 10 percent over prior year.
Marketing Services revenue was $37
million, an increase of 12 percent over prior year.
Decision Services revenue was $49
million, an increase of 25 percent over prior year.
International revenue was $68 million, an increase of 7 percent (increase of 22 percent on a constant currency
basis) compared with the first quarter of 2015. Acquisitions accounted for a 5 percent increase in revenue.
Developed markets revenue was $23 million, an increase of 11 percent (19 percent on a constant currency
basis) over prior year.
Emerging markets revenue was $45 million, an increase of 5 percent (increase of 23 percent on a constant
currency basis) over prior year. Acquisitions accounted for an 8 percent increase in revenue.
Operating income was $5 million, an increase of 85 percent compared with the first quarter of 2015. Adjusted
Operating Income was $17 million, an increase of 18 percent (increase of 37 percent on a constant currency
basis) compared with the first quarter of 2015.
Consumer Interactive revenue was $106 million, an increase of 25 percent compared with the first quarter of
2015. Operating income was $40 million, an increase of 51 percent compared with the first quarter of 2015.
2016 Full Year Outlook For the full year of 2016, company is raising revenue, Adjusted EBITDA, Adjusted
EBITDA margin and Adjusted Diluted Earnings per Share guidance as follows. Consolidated revenue is expected
to be between $1.63 billion and $1.65 billion, an increase of 10 to 12 percent on a constant currency basis.
Adjusted EBITDA is expected to be between $600 million and $610 million, an increase of 16 to 18 percent on a
constant currency basis.
Source: TransUnion Earnings Release
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
12
MEMBER NEWS
The WAND Finance and Investment Taxonomy has been Updated, and Expanded
There are the incremental updates that you would expect to find along with some rather large additions to
complete the area of Investment Banking. We have included Investment Banking Services and terms relating to
Front Office, Middle Office and Back Office Services. We have also added a section of Financial Instrument
Design Features as well as a section of Finance and Investment Documents.
We've also add processes that go into Equities and
Sales Trading, IPOs, Mergers and Acquisitions, and
Underwriting that are also important to Finance and
Investment Firms. The areas of Financial
Intermediaries, Markets and Exchanges, Asset
Valuation Methods, Benchmark Interest Rates, and
Asset Types have all been updated.
This taxonomy now has 2,428 terms and 1,563
synonyms
You'll still find Financial Crimes in this taxonomy
along with Regulations and Regulating Bodies. We
have added a new Securities Holding and Clearing
Organizations section.
The WAND Finance and Investment Taxonomy can be customized to include specific terms to meet the needs of
any Investment Firm. Source: WAND News
Avention Solves Account-Based Marketing (ABM) Data Challenge, Introduces
OneSource ABM Solution
Avention, maker of OneSource® Solutions for smarter business insights, announced the availability of its
OneSource ABM solution, the only solution to provide the comprehensive foundational elements for any effective
ABM strategy: the data and account insights to support selection of the right accounts and development of rich
target account profiles. Without these critical data points and insights, businesses can’t implement or sustain
successful ABM strategies.
Avention also announced the results of its survey, “Account-Based Marketing (ABM): The Art of the Start,” which
reveals a real challenge around data as it relates to ABM. The company asked more than 100 B2B sales and
marketing enterprise practitioners about their use of ABM techniques and strategies. While more than 90 percent
of the marketers surveyed believe ABM is relevant to their businesses, respondents noted that their number one
roadblock to starting an ABM program was lack of access to the right data and ability to leverage that data.
To read the full story click on this link
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
13
INDUSTRY NEWS
Powerlinx and Altares-D&B in Partnership
Powerlinx (www.powerlinx.com ) continued to make big strides in both Europe and North
America. Powerlinx has recently announced a partnership with Altares-D&B and together
they won the Top Innovation Award at Big Data Paris, a leading European big data
conference, and resulted in a great deal of press coverage. With both the platform and
support now available in French, comprehensive acquisition strategies are in place. The
Altares deal also increased total number of companies listed on Powerlinx to 35 million.
Strategic product enhancements were rolled out in early March, including further refinements in our IP
(‘PowerScore’ and ‘Partner Graph’), key U/X improvements, and new product features, such as the user's ability
to browse and interact with potential business opportunities, and list potential deal valuations.
Source: Powerlinx.com
Foreigners at the Gate: UK Tech Sector Growth Fueled by Foreign Entrepreneurs
Foreign entrepreneurs are playing an increasingly important role in creating and
supporting new UK tech companies, figures released recently show. According to
DueDil, a data intelligence company that provides businesses a platform to identify
opportunities and manage risk, the number of foreign directors of new UK tech
companies is up 133% since 2010, and the number of tech directors from European
Union countries is up 176%.
In total, there were 27,395 new tech businesses founded in the UK in 2014, with a total of 35,193 directors. Of
those directors of new companies, 7,426 – or more than 1 in 5 – were foreign nationals. In contrast, in 2010 there
were 13,644 new tech businesses, with 18,822 directors - 3,185 of whom were foreign nationals.
The figures, compiled through DueDil analysis of UK company and director datasets, also show a boom in the
number of UK tech company directors from the EU. Of the new 2014 directors, 3,188 were EU nationals, against
1,155 in 2010.
In addition to the increase in company founders from abroad, the figures also show the extent to which activity in
the UK’s tech sector has increased, with double as many companies being founded in the UK in 2014 as in 2010,
the year in which the Tech City initiative began. Source: DueDil Press Release
Onvia Unveils New Integration with Salesforce CRM
Onvia, Inc. a supplier of government contracting business intelligence announced today integration
capabilities with Salesforce CRM. Clients can now easily export Onvia leads to Salesforce, enabling their teams to
respond more quickly and efficiently.
Clients who use Salesforce asked for an easy way to track their government sales leads and ensure that their
teams have convenient access to all the necessary project information in one system. Onvia's product team
developed this integration to give clients the simplest way of tracking their pursuits, measure win-rates and return
on investment. Source: Prnewswire.com
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
14
NEWS FROM CHINA
Alibaba Bails Out Lazada in a One Billion Dollar Bet on South East Asia e-Commerce
Alibaba Group has agreed to buy a controlling stake in Southeast Asian online retailer
Lazada Group for about $1 billion.
Lazada, founded by Germany's Rocket Internet in 2012, is headquartered in Singapore and
also operates in Malaysia, Indonesia, the Philippines, Thailand and Vietnam. Lazada saw
revenue jump 81 percent to $190.0 million in the first nine months of 2015, while active
customers more than tripled to 7.3 million. However, its adjusted loss before interest, tax, depreciation and
amortization more than doubled to $212.9 million. Rocket reports 2015 figures on Thursday.
Rocket Internet is known for funding and ultimately selling start-ups that follow the model of successful existing
businesses. When Lazada first emerged, it was pegged as a Southeast Asian version of Amazon.com Inc.
However Lazada was running out of cash. The sale of Lazada is fortuitous for the Samwer brothers (Alexander,
Marc, and Oliver). In Alibaba, they found a buyer with deep pockets, and extensive e-commerce expertise in
emerging Asia. In essence the deal also bails out Rocket Internet, which would have been in trouble if Lazada
would have gone under.
Under the deal announced on Tuesday - Alibaba's biggest overseas investment so far, according to Thomson
Reuters data - the firm will buy about $500 million of newly issued Lazada shares. The rest will be bought from
current shareholders. Source: Reuters and other press commentary
Baidu Scandal Unleashes Crackdown Wave of Online Markets
The Baidu Scandal appears to have triggered a wave of investigations for
Baidu and other on-line market places. This scandal has led Beijing to hold
numerous briefings to say it was looking into the matter and temporarily close
the hospital at the center of the case.
Regulators are now focused on misrepresentation and antitrust. In one of the
first major national moves to address this kind of rampant misrepresentation, China's commerce regulator has just
said it is launching a 6 month campaign to enhance supervision of online marketplaces. China's anti-trust
regulator said it intends to launch a systematic, large-scale investigation into pricing used by both Chinese and
foreign drug makers. The last crackdown looks related to another issue that's close to Beijing's heart, namely,
national security. That instance has seen a number of domestic cloud service providers close down over concerns
about sensitive content being hosted on their servers.
The State Administration for Industry and Commerce (SAIC), which posted a fairly detailed note on its website
explaining the objectives for its 6 month cleanup campaign of online marketplaces (English article; Chinese
article). Those objectives are quite broad ranging, and cover everything from scrutiny of product quality, operating
licenses and trademark violations.
Anti-Trust Probe: The second crackdown in the drug sector also looks partly related to the Baidu case, though it's
quite possible this particular plan was already in the works before the scandal broke last week. That will see the
National Development and Reform Commission (NDRC), one of China's main anti-trust regulators; collect
information on whether any drug makers violated anti-competition rules (English article). Source: Seeking Alpha
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
15
REGULATORY NEWS
UK’s Financial Conduct Authority Plans to Regulate Fintech Sector
According to the maxim “shutting the stable door after the horse has bolted”, the
collapse of Powa Technologies prompted the UK’s Financial Conduct Authority
to examine the risks associated with the FinTech sector’s management
competence, fiscal prudence, cyber security, protection of information and
financial exclusion. Business Insider International quoted from the FCA’s
annual Business Plan, which it wants to ensure "greater compliance" amongst
FinTech firms. In its report the FCA makes a big point of talking about
increasing the amount of regulation placed on financial technology, companies.
The use of technology within the financial industry — known as FinTech — is a huge growth sector, with UK firms
like Funding Circle, TransferWise, and World Remit making waves in an area traditionally dominated by big banks
and established firms. Because FinTech is a fairly new industry, it isn't subject to the same regulation as
traditional finance, which has led to concerns from some corners of the market about the misuse of FinTech.
Those fears were made even worse earlier this year, when British FinTech unicorn Powa Technologies suddenly
collapsed after running out of cash. That's something the FCA wants to stop happening in the future, and the
authority's report makes clear that while it supports technology in the financial sector, it isn't going to let
technological innovation go unchecked.
Technology is rapidly driving the transformation of the financial services sector. It has the potential to
increase competitiveness, innovation and efficiency, creating real benefits for both consumers and firms.
However, it also creates risks, including for operational resilience, cybercrime, protection of information
and financial exclusion. Firms need to focus on both infrastructure and culture to ensure that new technologies
benefit both consumers and markets.
While it is keen to make sure that the use of tech in finance is properly regulated, the FCA stresses that overly
"rigid regulation may stifle innovation in financial services" and is setting up what it calls a "safe space" for firms
who want to use tech to innovate in the industry. The FCA says that the so-called Regulatory Sandbox "will give
firms which meet our eligibility criteria a safe space to test innovation without immediately having to meet all the
normal regulatory requirements." Source: Business Insider International
Members can find the latest regulatory news on the BIIA website
The Regulatory Committee publishes Regulatory Monitory Reports once every two weeks plus a monthly Regulatory Newsletter
BIIA NEWSLETTER ISSUE 05 I – 2016
Copyright © BIIA 2016 - For Member Internal Use Only – To Request Permission to Publish Contact: [email protected] The content of this newsletter does not necessarily reflect the opinion of BIIA and its members. BIIA is not responsible for the use which might be made of the information contained in this Newsletter. Nothing in this Newsletter implies or expresses a warranty of
any kind. Neither will BIIA be responsible for any errors. To unsubscribe: Contact [email protected]
16
Regulatory News – Financial Stability Board
Legal Entity Identifier (LEI): Update on Direct and Ultimate Parent Entities
Collecting data on direct and ultimate parents of legal entities in the
Global LEI System – Phase 1
BIIA has covered this development from its inception. As a matter of fact in
the BIIA website there is a special section dedicated to this subject. Also
noteworthy is the fact that Michael Ritter, a director of LEI/ROC, presented
the LEI concept at the BIIA 10th Anniversary Conference in October 2015.
To download the presentation, click on this link).
The LEI organization published recently an update on the two rounds of consultation in May and September-
October 2015. This new LEI document sets forth the policy design of a process for collecting data on direct and
ultimate parents of legal entities, to be implemented within the Global Legal Entity Identifier System (GLEIS).
To download the document please, click on this link: lou_20161003-1 LEI (1)
Micheal Ritter, a director of LEI, presented at the BIIA 10th
Anniversary Conference the concept of the LEI
and the potential opportunity for information providers to contribute to this project. Michael Ritter’s
presentation can be downloaded from the BIIA website. Further information can be found on the LEI
section of the BIIA website
Turkey Adopts Data Protection Law
Turkey’s Data Protection Law was published on 7 April 2016 in the Official Gazette.
Assistant Professor Elif Küzeci from Bahcesehir University, Istanbul, told PL&B that this is the most significant
step for data protection so far in Turkey. The law reflects, to a large extent, the EU Data Protection Directive and
introduces definitions for "personal data", "sensitive data", "data processor", and "data controller".
The draft Law on the Protection of Personal Data (“Draft Law”) was submitted to the Grand Assembly on 18
January 2016, and the legislature adopted the law on 24 March. The next issue of PL&B International Report will
include a detailed analysis of the law. For information and to subscribe, go to www.privacylaws.com/publications
andwww.privacylaws.com/Subscribe Source: privacylaws.com
The Association of Consumer Credit Information Suppliers is holding its annual
meeting on June 8th
to June 10th
, in Lisbon, Portugal.
BIIA will report on current credit reporting developments in Asia
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