ExCB has been in operation since early 2005, serving clients from the banking and non-banking industries in Romania. ExCB currently holds mostly negative data but plans to move into both positive and negative data processing shortly.
“This acquisition represents a significant increase in Experian’s consumer information activities in the new Europe,” said John Saunders, Chief Executive Officer, Global Operations, of Experian. “It complements the activities of our specialist decision support solutions business, Experian-Scorex and consolidates its position in the region as a leading provider of information solutions and risk management. ExCB has been a pioneer in the credit bureau business in Romania and we believe that this acquisition will bring considerable benefits to our clients already operating in this country.
“Experian is the world’s leading credit bureau operator and has built up considerable expertise and knowledge, and already operates credit bureaux in 12 international markets, including the Bulgaria and Russia. We shall combine this expertise with the predictive analytics, decision support technologies and strategy optimisation skills of Experian-Scorex to enhance ExCB’s services to address issues such as fraud, overindebtedness and controlling credit risk.
“The consumer economy is growing rapidly in Romania and we believe that introducing shared credit information via credit bureaux will result in better risk management for lenders and sustainable financial market stability for lenders and consumers.”
The acquisition is consistent with Experian’s global strategy of acquiring complementary businesses that provide new products, new data or entry into new vertical or regional markets, while leveraging the core assets of Experian.
This press release can be downloaded from http://press.experian.com.
Public Affairs Director, Experian
Tel: +44 (0) 115 934 4548
Press Relations, Experian-Scorex
Tel: +39 06 59293045
Experian is the global leader in providing value-added information solutions to organisations and consumers. It has an unrivalled understanding of individuals, markets and economies around the world.
Experian provides information, analytics, decision-making solutions and processing services. It assists organisations understand their markets and customers and helps them find, develop and manage profitable customer relationships to make their businesses more profitable.
Experian promotes greater financial health among consumers by enabling them to understand, manage and protect their personal information and helping them control financial aspects of key life events.
Experian works with more than 50,000 clients across diverse industries, including financial services, telecommunications, healthcare, insurance, retail and catalogue, automotive, manufacturing, leisure, utilities, e-commerce, property and government. A subsidiary of GUS plc with headquarters in Nottingham, UK, and Costa Mesa, California, Experian’s 12,000 people in 28 countries support clients in more than 60 countries. Annual sales are about £1.4 billion.
For more information, visit the company’s website on www.experian.com.
The word ‘Experian’ is a registered trademark in the EU and other countries and is owned by Experian Ltd and/or its associated companies.
Experian-Scorex is a global leader in the supply of decision support solutions. Its solutions support billions of customer decisions annually for clients in more than 60 countries. Experian-Scorex solutions bring together predictive analytics, decision support technologies and strategy optimisation to enrich customer data and allow organisations to proactively manage their relationships with their customers.
Used across the full customer life cycle, enterprise-wide decision support solutions enable organisations to increase income, manage and control credit risk and fraud, reduce operational costs and so increase overall profitability. Experian-Scorex works closely with clients across diverse industries, including financial services, telecommunications, retail, leasing, automotive, insurance and utilities.
Experian-Scorex solutions and services focus on extracting intelligence from all customer data sources in order to build a comprehensive picture of customer needs and financial stability. This customer level view and the ability to deliver customer level decisioning has proved to be particularly important in retail banking, where a customer may hold multiple products. For over 20 years, Experian-Scorex has provided these solutions to the majority of the world’s largest retail banks to help them manage these complex relationships.
As part of the global Experian organisation, Experian-Scorex has more than 30 years experience of managing bureau data, adding intelligence to that data and delivering scoring solutions. Experian-Scorex maintains connectivity with over 70 credit bureaux worldwide and, with 30 offices around the world, it is uniquely qualified to support local, national, regional and global businesses.
Its global headquarters are in Nottingham, UK, Monaco, and Costa Mesa, CA, USA.
For more information, visit the company’s website on www.experian-scorex.com.
UCS Group is a group of companies in Romania, providing services for communications and the financial services industry. Among his customers are Romtelecom, Connex, Raiffeisen Bank, BCR, Piraeus Bank, Unicredit Romania, ABN-AMRO Bank, BCIT.
UCS Group includes FiberNet (fibre optics operator), SmartTel (mobile banking service company), Ingenio (software solutions developer for retail banking), Neural Risk Management (scoring provider) and Direct Credit (consumer credit broker).