New Experian services enable Indian banks & NBFCs to better understand their customers

  • For the first time banks and NBFCs will be able to define the attributes used to review their portfolios
  • Provides access to Experian’s globally proven list of premier attributes

Mumbai, 11 August, 2011: Experian Credit Information Company of India Private Limited, the first CICRA licensed credit bureau in India, announced the launch of Experian Account Review and Experian Premier Attributes, the latest offerings from Experian’s Customer Management Services Suite.

Experian’s Account Review allows banks and NBFCs to segment their customer portfolios in multiple ways and conduct periodic reviews to devise customer level credit strategies. Banks and NBFCs will for the first time experience the flexibility of being able to define attributes in alignment to their internal credit policies to review customer portfolios.

In addition to the customised attributes, banks and NBFCs will also have access to a list of Experian Premier Attributes for conducting their Account Reviews. Experian Premier Attributes are a collection of parameters which have been developed by a global team of leading analytics experts. These attributes are a result of decades of research and an unmatched experience of operating 16 consumer credit bureaus globally.

On this occasion, Phil Nolan, Managing Director, Experian Credit Information Company of India Private Limited, said, “Experian continues to deliver on its promise of introducing cutting edge solutions for the Indian credit industry. Experian Account Review and Experian Premier Attributes have enabled hundreds of financial institutions to better manage credit limits; undertake credit risk screening for cross-selling new products and services; manage collections & recoveries and predict the propensity for additional borrowing.”

“Cross selling and up-selling to the right set of existing customers can help Indian banks and NBFCs achieve their growth targets while better managing the risks associated with them.”

About Experian
Experian is the leading global information services company, providing data and analytical tools to clients in more than 80 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2011 was US$4.2 billion. Experian employs approximately 15,000 people in 41 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.

For more information, visit http://www.experianplc.com.
ENDS

Contact:
Experian India
Ranjeet Pawar
+91 98191 91061
ranjeet.pawar@in.experian.com

Sampark PR
Suheil Merchant
+91 98202 52745
suheil.merchant@sampark.com

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