How CRAs Use Register Data
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The document discusses how Credit Reference Agencies (CRAs) use register and other data. It notes that CRAs produce company credit reports and business intelligence products using data from sources like Companies House, courts, and private sources. These reports help businesses reduce risk and include information like company identification, financials, directors/shareholders, group structure, credit scores, and limits. Customers use CRA products and data for tasks like trade credit assessment, marketing, fraud detection, and data cleaning, with the overall benefit being the facilitation of over £200 billion in business lending annually.
How CRAs Use Register Data
- 1. How CRAs use Register (and other) Data Presentation from BIPA David Knowles 12th May 2016
- 2. Agenda • Who we are • What we do • What data we use • What do we do with it • What do our customers do with it • What’s the benefit?
- 3. Who we are • Business Information Providers Association • Formed March 2011 • UK trade association – six principal commercial Credit Reference Agencies (CRAs) – Creditsafe, Dun & Bradstreet, Equifax, Experian, Graydon, Jordans
- 4. What our members do • Produce Company Credit Reports and other Business Intelligence products • Provide Information that helps companies reduce the risk inherent in business • Every Year BIPA members provide 100,000+ business customers with: – 65 million + commercial credit reports – Monitor 35 million + trade credit accounts – 100,000,000+ trade credit accounts assessments
- 5. What’s in a typical business credit report • Company Identification Information • Filed financial information where available • Adverse court data • Director and Shareholder data • Group Structure • Credit Score • Credit Limit • Link to documents
- 6. The importance of register data • Company Identification Information • Filed financial information where available • Adverse court data • Director and Shareholder data – PSC • Group Structure • Credit Score • Credit Limit • Link to documents
- 7. Sourcing data in the UK • UK CRAs typically get data from multiple sources – Register data – Companies House – Court data – Registry Trust on behalf of Courts Service – Gazette data – Private sources
- 8. Why don’t our customers just go to Companies House? • All the other information as well – all in one place • Added value – Score & Limit • Ease of use for expert and non-expert • Links through to other reports • Integrated Solutions
- 9. What do our customers use our products for? • Trade Credit Assessment – Domestic & International • Business Marketing • Fraud Detection • AML • Data Cleaning
- 10. What’s the benefit? • Trade Credit Assessment – 3x larger than all bank lending to business – The cash flow that keeps business (and the economy) alive • £200 billion + of business secured every year