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Beatriz Sanjuan, Media Relations Experian Decision Analytics EMEA
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Wirecard and Experian to offer joint risk management services in Europe
Wirecard, one of the leading international providers of electronic payment and risk management solutions, and Experian, the global information services company, today announced a strategic alliance to create a unique product to provide risk management support to the rapidly growing European Internet payment market.
The new product, hosted by Wirecard, gives clients access to sophisticated analytics, modelling and simulation technology at the point at which they make decisions on their customers. Fully integrated into Wirecard’s payment platform, the new service will help clients to increase the speed and quality of their decision-making during order acceptance and reduce their exposure to Internet fraud.
The service leverages the benefits of Experian's industry-leading Strategy Management tool in an outsourcing operating model - extending the benefits of advanced decision management propositions to thousands of small and medium sized companies, whilst also supporting large enterprises.
Backed by Experian’s industry leading consulting and analytics expertise and Wirecard’s leading position in the European Internet payment market, the alliance will introduce a series of jointly developed industry-specific scoring models to improve the performance of risk management and fraud protection for Internet businesses.
"Our strategic alliance combines the unique expertise of both companies and allows us to bring our flexible and modular solutions as outsourced risk management services to new customer segments," said Elio Vitucci , MD, Experian’s Decision Analytics division. "The European e-commerce market is estimated to grow by 20-25% for the next 3-4 years, according to Jupiter Research. Our decision to partner with Wirecard was driven by their leading position in the European Internet payment market as well as their extensive experience in outsourcing operating models."
Rüdiger Trautmann, COO, Wirecard AG, said: "With Experian’s 25 years experience in providing analytics and risk decisioning solutions to the global market place, our strategic alliance allows us to add a whole range of new capabilities to our current product offering and to offer enterprises jointly-developed industry-specific scoring models.”