Tag Archives: Economy

27Mar/23

Equifax Introduces New OneScore Scoring Model to Help Expand Access to Credit and Drive Financially Inclusive Lending

March 27, 2023FinanceAlternative data, Credit, Credit bureau, Credit history, Credit score, Credit score in the United States, Economy, EFX, Equifax, Finance, Money, Personal finance, United Statesadmin

Equifax® (NYSE: EFX) continues to support financially inclusive lending with the launch of OneScore, a new consumer credit scoring model that combines the company’s leadership in alternative data insights with the power of the Equifax Cloud™ to provide U.S. lenders and service providers with a more comprehensive financial picture of credit seeking consumers. OneScore is unique to the industry because it is the first single score to combine traditional credit history with telecommunications, pay TV and utility payment data on over 191 million consumers, as well as Equifax DataX and Teletrack specialty finance data on 80 million consumers – including payment history from non-traditional banks and lenders – potentially increasing credit scores by up to 25 points and the scorable population by more than 20 percent.

22Mar/23

Data science, machine learning on menu at Gartner® ‘Bake-Off’

March 22, 2023InnovationAnalytics, Articles, Business intelligence, Contents, Economy, Orlando, SASadmin

The oven mitts are off as one of analytics top chefs SAS prepares to take the stage at the Gartner Data Science and Machine Learning Bake-Off in Orlando, FL, on March 22. Part of the Gartner Data and Analytics North America Summit, the Bake-Off will serve up a smorgasbord of data analytics delicacies, expertly prepared on the machine learning platforms of select advanced analytics vendors in head-to-head, live-action demonstrations. Continue reading

21Mar/23

PitchBook Predicts VC-Backed Exits

March 21, 2023FinanceCompanies, Economy, Entrepreneurship, PitchBook Data, Private equity, Startup companyadmin

PitchBook, the premier data provider for the private and public equity markets, today released PitchBook’s VC Exit Predictor, a new tool and scoring methodology that objectively assesses a startup’s prospect of a successful exit. The tool leverages machine learning and PitchBook’s database of information on VC companies, financing rounds and investors. The primary component underpinning the tool is a classification model developed by PitchBook’s Institutional Research Group that predicts the probability a VC-backed startup will ultimately be acquired, go public, or not exit due to failure or becoming self-sustaining. PitchBook’s VC Exit Predictor is accessible within the PitchBook Platform and can be found on company profiles and in advanced search. Continue reading

14Mar/23

Budget 2023: government needs to show it can jack up growth to regain economic credibility

March 14, 2023EconomyAcademic disciplines, Ant Clausen, Creative Commons, Deficit reduction in the United States, Economics, Economy, Inflation, Jeremy Hunt, Rishi Sunak, Steve Schifferes, Tax, Unemployment, United Kingdom, United States federal budget, Universal Creditadmin

Steve Schifferes, City, University of London

UK chancellor Jeremy Hunt’s spring budget is a tricky one in terms of timing. Having announced a set of steadying measures in the autumn statement after the Truss/Kwarteng debacle, this budget is likely to be the last but one before a 2024 general election. This makes it a little early for eye-catching tax cuts or business boosts.

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14Mar/23

Silicon Valley Bank: how interest rates helped trigger its collapse and what central bankers should do next

March 14, 2023FinanceBank, Banking, Central bank, Charles Read, Creative Commons, Economic bubbles, Economy, Financial crisis of 2007–2008, Financial services, Harold Macmillan, Harold Wilson, Interest rate, Monetary policy, Money, New York, Signature Bank, Silicon Valley Bank, Stock market crashes, Systemic risk, The Federal Deposit Insurance Corporation, United Kingdom, United States, WASHINGTON MUTUALadmin

Charles Read, University of Cambridge

A former prime minister of Britain, Harold Wilson, is famous for remarking that a week is a long time in politics. But in the world of finance, it seems everything can change in just two days.

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13Mar/23

HSBC will acquire the assets of SVB UK. Deposits will be protected

March 13, 2023FinanceBank, British brands, Companies, Economy, Finance, Financial services, HSBC, Investment banks, Jeremy Hunt, London, Silicon Valley Bank, SVB UK, THE BANK OF ENGLAND, United Kingdomadmin

Here’s the HM Treasury statement:

Silicon Valley Bank (UK) Ltd has today been sold to HSBC. HSBC is headquartered in London, is the largest bank in Europe and is one of the world’s largest banking and financial services institutions, serving 39 million customers globally. Customers of SVB UK will be able to access their deposits and banking services as normal from today.
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10Mar/23

The Institute of Chartered Accountants in England and Wales (ICAEW) aim to change the face of accountancy with the launch of their third consecutive virtual work experience programme in collaboration with Cappfinity

March 10, 2023FinanceBusiness, Economy, Economy of the United Kingdom, Institute of Chartered Accountants in England and Walesadmin

ICAEW has launched their latest virtual work experience programme in partnership with HR tech firm, Cappfinity. The professional membership body, which represents the interests of 195,000 members and students around the world and has 13 offices worldwide, launched its 2023 campaign following the success of its innovative work experience programme in 2021 and 2022. Continue reading

07Feb/23

Superbrands UK list of the most iconic brands in the country

February 7, 2023MediaCompanies, Economy, Lego, Mastercard, Rolex, Samsung, Samsung Electronicsadmin

Consumers’ changing lifestyle and behaviour have been reflected in the iconic brands that have achieved 2023 Consumer Superbrand Status, with Rolex showing it can stand the test of time, alongside Lego, Samsung and Mastercard. Continue reading

30Jan/23

Business Leaders and Consumers Want It – So Where’s The ESG Progress?

January 30, 2023BusinessArticles, Economy, Environmental, social and corporate governance, Environmentalism, ESG, Ethical banking, Ethical investment, L.E.K. Consulting, Natural environment, Sustainabilityadmin

ESG and sustainability continue to remain top of mind for both business leaders and consumers. And survey research conducted by global strategy consultancy L.E.K. Consulting indicates both groups are committed to becoming more sustainable – and are willing to pay a price and make trade-offs for it. Continue reading

18Jan/23

US financial institutions brace for soaring financial crime, with 100 percent re-evaluating their approach to risk

January 18, 2023SecurityEconomy, Financial crises, Inflation, Macroeconomics, Recession, Social groups, Ukraine, United Statesadmin

As war rages in Ukraine and inflation impacts the economy, financial institutions in the United States expect a subsequent economic downturn to drive a rise in financial crime. Continue reading