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Searching for information costs Corporate UK £6.2 bn a year
Monday, 30 March 2009

The UK economy is wasting the equivalent of £6.2 billion in time searching for information residing in corporate IT systems, according to research conducted by Simplexo, an open source enterprise search specialist.

Atradius launches March 2009 country reports to help businesses through tough trading times
Monday, 30 March 2009

Atradius, the leading global credit insurer, has published a series of country reports which detail the economic and business environment on a range of countries across the globe.

List Group's quantitative operational risk analysis software to help banks meet stricter regulatory
Friday, 27 March 2009

List Group, a leading financial technology provider, today announced it is working with risk management experts across the globe to deliver more sophisticated operational risk analysis software, as regulators prepare to adopt stricter capital adequacy requirements.

Fraud figures reveal some interesting gender patterns
Wednesday, 25 March 2009

If men truly are from Mars and women from Venus, then figures from CIFAS – The UK’s Fraud Prevention Service - confirm this by showing some remarkable differences between the sexes when it comes to fraud.

Banking & Finance industry - how can we go back to lending again?
Tuesday, 24 March 2009

The collapse of confidence in the banking industry over the past 18 months has highlighted the need for fundamental changes that the industry needs to undertake beyond improved risk management tools and moving towards an enterprise-wide approach to risk management. Risk managers such as Michael Gelband at Lehman Brothers, who advised against a huge buying of a collection of sub-prime mortgage lenders within Lehmann, were recently put into the spotlight and emphasised a need for financial institutions to adopt a more holistic approach to risk management in the future. Mikael Krohn, VP at EDB Business Partner, comments on the underlying issues of the credit crunch and looks at some of the far-reaching changes that need to happen within banks to bring corporate lending back on track.

The UK's Flawed Reliance on Chip and PIN
Tuesday, 24 March 2009
Chip and PIN has been hailed an undoubted success as instances of face-to-face fraud on the UK high street diminished. But with fraudsters using alternative means to take advantage of less secure payment systems overseas and online, figures in other areas of fraud suggest that the UK should avoid over-reliance on chip and PIN as a primary means to tackle fraud. 
Risk management must move up boardroom agenda say businesses
Monday, 23 March 2009

Senior business leaders from some of Britain’s top organisations have called for greater consideration of the issue of risk management at board level, in new research from Eversheds international law firm.

Coface maintains solid growth
Sunday, 22 March 2009

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   

CCJs at record levels in 2008
Wednesday, 18 March 2009

The total value of county court judgments against consumers in England and Wales was nearly £3 billion, the second highest total on record. The number rose by four percent to 827,900 in 2008, the second highest total ever, according to figures published today (March 18 2009) by Registry Trust Ltd. The number of consumer CCJs together with the total value makes 2008 a record year. 

Jaywing expanding Smartdecisions with new refined and updated version
Tuesday, 17 March 2009

Data specialist Jaywing is expanding Smartdecisions with new refined and updated versions.  The product enables users to make smarter credit decisions by making multi-bureau searches; these new enhancements provide three levels of access, further improving the functionality and usability of Smartdecisions.

£123 million of motor finance fraud prevented in industry crack down
Monday, 16 March 2009

A crack down on car finance fraud last year saved the motor finance industry £123 million. Finance companies’ efforts to combat attempted frauds at the application stage resulted in a 36 per cent drop in the number of fraud cases reported in Q4 2008, compared with the same period in 2007.

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