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Tailored Data Solutions targeting businesses over new European data rules
Thursday, 12 October 2017
Information experts Tailored Data Solutions are urgently reminding marketing agencies of an impending deadline for making theirs and their clients’ stored data compliant with a new law.  
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FICO Doubles the Power of Cybersecurity Score to Predict Breaches
Thursday, 12 October 2017
Silicon Valley analytics firm FICO today announced that the latest version of its FICO® Enterprise Security Score is twice as accurate at predicting a data breach as the previous model, and more than four times as powerful as the best results claimed by competing solutions. The FICO Enterprise Security Score gives subscribers the ability to assess the forward-looking cyber breach risk of their organisation and their partners, and improves breach insurance underwriting.  
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The GDPR: 80% of UK companies face “major challenges” for compliance by May 2018
Thursday, 12 October 2017
The race against time has already begun: the new General Data Protection Regulations, defined in 2015 to strengthen consumer protection at European level, will come into effect as early as 25th May 2018. Non-compliance with the GDPR will result in severe financial penalties. These are part of a general policy in the European community to harmonise data protection across the European area. A survey has revealed that, just 10 months before the GDPR compliance deadline, 80% of respondents said they face major challenges. The GDPR is a major issue for all the players in e-Commerce.
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Banks may be onto a winner if they can focus on the innovation aspects of PSD2
Friday, 06 October 2017
October 5th marks 100 days before the deadline for PSD2 implementation, and there is plenty to make banks shudder: mandatory access by third parties, faster resolution times and reduced or eliminated fees that add either cost or pressure on margins, all in a climate where returns on capital are already at a premium. 
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Car sales comment
Friday, 06 October 2017
Callcredit comment in response to the SMMT’s September car registration figures:   Steve Wishart, Head of Lending, Callcredit Information Group said: “The drop in new car registrations in September is perhaps unsurprising given the uncertainty around levies on diesel cars combined with weaker consumer confidence and a general cooling of the economy. It is important car finance providers and the dealers they support don’t have a knee jerk reaction to today’s numbers. It may be tempting to take a shortcut in the sales process by speeding through or failing to make sufficient affordability checks during more challenging market conditions but, this could easily lead to a rise in unsustainable household debt.
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FICO AI models cut CNP fraud losses by 30%
Wednesday, 04 October 2017
Silicon Valley analytic software firm FICO today announced that its new Falcon consortium models for payment card fraud detection include machine learning innovations that improve card-not-present (CNP) fraud detection by 30% without increasing the false positive rate, a standard metric for fraud model performance. These new Falcon consortium models for both credit and debit cards will be available first for FICO® Falcon® Platform customers in the UK and Europe this autumn, and then to customers in other markets worldwide.  
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Solunion launches operations in Costa Rica
Wednesday, 04 October 2017
Solunion, the expert in trade credit insurance, has commenced operations in Costa Rica with support from MAPFRE, its joint shareholder with Euler Hermes. Companies in Costa Rica can now access a wide range of credit risk insurance products and services from Solunion to cover their trade operations in both domestic and international markets.
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Financial technology firm, Tinubu Square, secures Euro 53 million investment
Wednesday, 04 October 2017
Tinubu Square, a leading provider of trade credit risk management solutions, announces the investment of €53 million from Long Arc Capital and Bpifrance to accelerate the development of its technology solutions for credit and surety insurers, trade finance banks and export credit agencies. With this capital injection, US-based investment firm Long Arc Capital takes a majority stake in Tinubu Square, while Bpifrance, a shareholder since 2011, reaffirms its role as a long-term shareholder by participating in this strengthening of equity capital through its fund Large Venture.
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Commenting on how the UK economy has seen its weakest year-on-year growth since 2013
Wednesday, 04 October 2017
Commenting on how the UK economy has seen its weakest year-on-year growth since 2013, Michael Stanes, Investment Director at Heartwood Investment Management, said: “Heartwood continues to take cautious approach to UK assets, being short duration in UK gilts, underweight UK property, underweight UK equity and diversifying some of our currency exposure outside of the UK. While Brexit has added to the uncertainty, high levels of consumer debt, an unstable political backdrop (even pre-Brexit referendum) and substantial twin deficits as a result of the unbalanced economy have been reason enough for this long-held view.” 
 
EAA publishes first set of standards for statistical valuation methods for residential property
Friday, 29 September 2017
Piero Bassu, Director of Financial Services and Capital Markets at Hometrack says: “This is a welcome announcement by the EAA and is not only good news for AVM providers but also for mortgage lenders and borrowers. The fact is that indexation falls short of what is required for accurate valuations in this day and age. These new standards turn more than 15 years’ of successful AVM use in the mortgage industry into a set of do’s and don’ts that guide how AVM’s can be used properly to improve customer experience and enhance risk management procedures. With changes like IFRS9 coming up in 2018, having an accurate and up-to-date view of collateral will be even more crucial for lenders and EAA certification will highlight the best AVM providers across Europe ensuring that standards remain high.”
 
Mazars' Managing Partner in Ireland calls for Transition Plan for EU States Most at risk from Brexit
Friday, 29 September 2017
Mark Kennedy, Managing Partner at Mazars in Dublin, is calling for a transition plan for the EU States that will be worst affected by Brexit. Kennedy considers a hard Brexit increasingly likely, with major consequences for key Irish sectors such as agribusiness, tourism and distribution.   
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