The business challenge
A Credit Bureau is a critical part of the financial infrastructure of any country. It provides rapid access to accurate and reliable standardised information on potential borrowers, enabling lenders to evaluate credit risk more accurately and to reduce lending processing time and costs. This in turn promotes profitability and increased credit activity.
The answer
Experian establishes Credit Bureaux or information services organisations in new markets around the world. It also supplies consulting and systems to organisations planning on establishing an information services business.
Experian offers a fully integrated set of Credit Bureau and risk management products and services specifically designed to address the challenge of truly knowing the customer. It is a complete credit reference solution that benefits both lenders and consumers in a credit active economy.
The credit bureau products and services comprise: Credit Reference systems using a range of data types, Credit Reference data modelling, application fraud detection tools and consultancy services.
The benefits of a Credit Bureau include:
- Encouragement of data sharing within and across industry
- Encourage responsible use of credit
- Implement global best practice
- Reduce bad debt
- Increase new business profitability
- Improve customer profitability
- Identify potential fraud
Testimonial
"Experian is clearly the world leader in the provision of credit bureau services and meets all our needs in terms of reliability, ability, support, history of operating and launching credit bureaus in the developing world. For us, Experian is the perfect partner.”
CEO, Quest Holdings International (quoted in press release March 2008)