Comunitae.com, the first Spanish social lending community, has chosen Experian, the global information services company, to accurately assess the risk of borrowers. This services will enable Comunitae users to make accurate and consistent decisions about the applicant's financial risk.
Comunitae is an online marketplace where people lend and borrow money with each other. Experian will provide an immediate online credit risk assesment , so all lenders can fix the price of the loan depending on the solvency of a borrower , their probability of default and likelihood to repay.
Comunitae's business model was created in United Kingdom, and has quickly expanded through USA, Europe and Asia. Comunitae is the first organisation to offer this service in Spain.
Jose Angel Hernandez, Risk Manager Comunitae: "Our priority is the quality and accuracy of rating for borrowers as this is the main factor to encourage users to make a lending decision. Experian is a proven provider of decisioning technology in Spain and has a wider European experience for similar social lending platforms."
Jesus Garcia, Sales Director Experian's Decision Analytics and Credit Services divisions Iberia, commented: "This agreement means that every Comunitae user will have the ability to make decisions with the same advanced credit risk tools as the main credit institutions in Spain. For Experian, it is a great opportunity to put our consultancy and analytics services at the user´s disposal".
For further information on the press release please contact:
Beatriz Sanjuán, Media Relations Experian Decision Analytics EMEAI
Tel: +34 617 390 451