Who we are
Business Information Services
In 1973, some of the leading European credit information agencies joined forces to form the Federation of Business Information Services FEBIS (initially known as FECRO), with its registered office in Frankfurt. Today, FEBIS has developed into a sizable organisation comprising more than 132 full Members from all over the world involved in providing Business Information and Debt Collection services both nationally and internationally.
Supported by a combined workforce of more than 30,000 employees, FEBIS Members generate over 1.3 trillion Business Information and Consumer reports annually for over 1.6 billion European organizations, providing these clients with invaluable business support. Aggregate sales turnover of associate members is in excess of €12 Billionen.
The mission of FEBIS is to offer its members a platform for networking and community, carrying out actions to make more compatible regulatory issues with the credit reporting and financial systems, providing industry insights as well as taking care of external networking.
Maintaining a legal basis of the activity of Business Information Services Providers by contributing to the development of manageable data protection policies, focusing on businesses and individual’s business capacity (companies’ legal representatives and sole entrepreneurs)
Ensuring access is allowed to positive and negative credit information and that sufficient information feeds (*) into Business information databases, which is critical basis for credit reporting systems enhancing the overall economy in its multiple players
(*: #1 Gral. Principle for Credit Reporting – ICCR, World Bank)
Provide SMEs better access to finance and credit granting (including the trade credit magnitude) by using trustworthy credit reports and business data
Enabling better reuse of public sector information and taking the digital requirements into account
Clarifying what is scoring and how it can be useful to better assess/access credit and as an early-warning issue detector. This should be aligned with the “second chance principle” for honest bankrupt entrepreneurs
Ensuring thorough information on company ownership, bad debts and loan defaults is available, as a critical pillar to the overall credit reporting system.
A workable data protection regime which permits the processing of data by Business Information Providers and ensures that relevant credit information can be used, to make this regime match with the necessary transparency of the economy.
Improved SMEs access to finance by accessing financial information from all EU businesses (including sole entrepreneurs) to provide accurate updates to credit information databases
Clear data availability and public-sector data reuse policies to enhance economic activity.
Transparency in company ownership and control to contribute to compliance with anti-money laundering legal frameworks.