Latest news with #creditbureau
Zawya
03-07-2025
- Business
- Zawya
Etihad Credit Bureau key pillar of sustainable development: UBF
DUBAI - The UAE Banks Federation (UBF) has underlined the pivotal role of Etihad Credit Bureau in advancing the UAE's banking and financial sector, reinforcing the country's standing as a global financial and commercial hub. During the 'Partner Engagement Forum', held at the Emirates Institute of Finance in Dubai, UBF commended Etihad Credit Bureau's initiatives in supporting the UAE's sustainable development by collecting, analysing and utilising credit information. These initiatives have enabled informed decision-making for both individuals and companies, based on accurate data and sound methodologies. The Federation has renewed its commitment to further strengthen the solid partnership with Etihad Credit Bureau, as their constructive cooperation contributed to the development of solutions and products that suit various stakeholders' requirements, and building strong foundations of the UAE's economic, financial and banking ecosystem to continue growth. Jamal Saleh, Director-General of UBF, said, 'Accurate data and information are the basis of development in various sectors, especially the banking and financial sector. Since its establishment, Etihad Credit Bureau has been playing a key and vital role in socio-economic development by providing advanced information and solutions to individuals, banks and financial institutions, where its reports, data, and studies have enabled various stakeholders to make informed decisions and manage risks prudently.' He added, 'The banking sector has consolidated the UAE's position as a global financial and banking centre, under the direct supervision and guidance of the Central Bank of the UAE. We are keen to strengthen the partnership between the UBF and Etihad Credit Bureau as part of UBF's ongoing efforts to provide a seamless and secure banking experience characterised by transparency and competitiveness, to enhance the knowledge and innovation economy and employ advanced technologies. Saled noted that these efforts are reflected in the positive performance of the banking sector in the Trust Index, which reached 90 percent, outperforming several advanced financial and banking centres. Marwan Ahmad Lutfi, Director-General of Etihad Credit Bureau, said, 'Our Partner Engagement Forum marks a significant milestone as we celebrate a decade of service to the UAE's financial ecosystem. From the beginning, Etihad Credit Bureau has worked in close collaboration with the banking sector through the UAE Banks Federation. "By listening closely to their needs, we strive to develop the tools necessary to help them succeed. Our focus is on enabling a proactive approach to risk management, ensuring banks have the insight to make sound decisions. Fulfilling the needs of our banking partners is our top priority, as their stability and growth directly benefit the bigger picture, which is the health of the financial sector and, accordingly, the strength of our national economy.' UBF and its member banks continue to cooperate with Etihad Credit Bureau to enhance the efficiency and integrity of the UAE's financial and banking sector, providing accurate data, reports and insights to deliver banking services that meet customer expectations while upholding the highest standards of transparency, governance and risk management.
Yahoo
30-06-2025
- Business
- Yahoo
Equifax Earnings Preview: What to Expect
Equifax Inc. (EFX), headquartered in Atlanta, Georgia, is a leading global data, analytics, and technology company. Valued at $31.8 billion by market cap, the company brings buyers and sellers together through its information management, transaction processing, direct marketing, and customer relationship management businesses. The credit bureau giant is expected to announce its fiscal second-quarter earnings for 2025 on Wednesday, Jul. 16. Ahead of the event, analysts expect EFX to report a profit of $1.91 per share on a diluted basis, up 5% from $1.82 per share in the year-ago quarter. The company has consistently surpassed Wall Street's EPS estimates in its last four quarterly reports. Holiday Trading, Trade Negotiations and Other Key Things to Watch this Week Alphabet's Strong Free Cash Flow Makes GOOG Stock a Value Buy Alibaba Is Restructuring Its E-Commerce Unit. How Should You Play BABA Stock Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For the full year, analysts expect EFX to report EPS of $7.61, up 4.4% from $7.29 in fiscal 2024. Its EPS is expected to rise 21.6% year over year to $9.25 in fiscal 2026. EFX stock has underperformed the S&P 500 Index's ($SPX) 12.6% gains over the past 52 weeks, with shares up 6.8% during this period. Similarly, it underperformed the Industrial Select Sector SPDR Fund's (XLI) 20.5% gains over the same time frame. Ongoing headwinds in the U.S. mortgage and hiring markets have weighed on EFX's performance. On Apr. 22, EFX shares closed up more than 13% after reporting its Q1 results. Its adjusted EPS of $1.53 exceeded Wall Street expectations of $1.40. The company's revenue was $1.44 billion, topping Wall Street forecasts of $1.42 billion. EFX expects full-year adjusted EPS in the range of $7.25 to $7.65, and expects revenue to be between $5.9 billion and $6 billion. Analysts' consensus opinion on EFX stock is reasonably bullish, with a 'Moderate Buy' rating overall. Out of 22 analysts covering the stock, 11 advise a 'Strong Buy' rating, three suggest a 'Moderate Buy,' and eight give a 'Hold.' EFX's average analyst price target is $285.65, indicating a potential upside of 11.5% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
CTV News
30-05-2025
- Business
- CTV News
Direct Energy apologizes after some customers inadvertently reported to the credit bureau
Direct Energy says it is working to fix an issue that saw some of its customers accidentally reported to the credit bureau. In a statement to CTV News Edmonton on Friday, the company says it happened during a reconciliation process with Direct Energy's authorized third-party collections agency. 'We are still assessing the full scale of the incident, but we want to assure these customers that they are NOT subject to any collections activity,' Megan Talley of Direct Energy wrote. 'We learned of this issue on Thursday and took immediate steps to resolve this matter. By tomorrow morning, these erroneous entries will be completely expunged from affected customers' credit reports. It will be as if it was never there.' Talley added Direct Energy apologizes to impacted customers, and encourages anyone with concerns to contact 1-866-374-6299 or 1-866-420-3174 for Direct Energy Regulated Services.
