Işbank implements Experian’s PowerCurve Originations company-wide

Moscow, 26 November 2015 – Işbank, Turkey’s largest privately owned bank and the biggest Turkish bank in Russia, has implemented Experian’s PowerCurve Originations system across its whole network in Russia.

Işbank’s application processing is now automated across its four lending segments: credit cards, consumer loans, automotive loans and mortgages. 

Ozan Gur, Head of Retail Loans Department at Işbank, said: “PowerCurve Originations has given us a unique, fast and reliable underwriting system.  Previously, all our loan originations and underwriting processes were manual and we were connected to one single bureau. The results varied from one underwriter to another and a single application took more than two days to be finalised. Now we are connected to the three main bureaus of Russia and we can turn an application around in several minutes.”

Experian’s PowerCurve Originations, which was implemented between August and October this year, is now being used by every single branch of the bank in Russia.  As a result, Işbank can exercise greater control over the lending process at each step, from submission of a loan application to the point the loan is paid out.

Maxim Chistyakov, Head of Risk Technology Development and Underwriting at Işbank, added: “On top of successfully and easily implementing the tool across our whole network in a short time, we now have a toolkit that enables us to easily manage the application decisioning process and quickly respond to changes in the retail lending market.”

Stephen Gildert, Managing Director for Experian Russia and the CIS, stated: “The needs and demands of the market we find ourselves in are making it extremely challenging for banks to operate effectively while giving their customers the best service.  PowerCurve Originations has been developed to easily help clients take full control over all lending processes, providing a single interface for setting up processes, workflows and decisioning logic.   

“We are proud to see the EMEA region’s first implementation of PowerCurve Originations in Russia.  We are particularly pleased that it is with such a dynamically developing international bank, rich in traditions and very customer-oriented.  We look forward to developing our relationship with Işbank.”

“We are also working with Experian in Türkiye İş Bankası and we have had seen good results.  We know the software is very user-friendly.  As we grow our business, we are planning to expand our work with Experian to help address our marketing challenges too,” concludes Ozan Gur. 


Contacts: Nataliya Frolova
Tel. +7 (495) 981-8416 (ext. 125)

Email: Nataliya.Frolova@experian.com


About Experian

We are the leading global information services company, providing data and analytical tools to our clients around the world. We help businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making.

We also help people to check their credit report and credit score, and protect against identity theft.  In 2015, we were named by Forbes magazine as one of the ‘World’s Most Innovative Companies’.

We employ approximately 17,000 people in 38 countries and our corporate headquarters are in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.

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 March 31, 2015, was US$4.8 billion.

To find out more about our company, please visit http://www.experianplc.com or watch our documentary, ‘Inside Experian’.



The Bank was registered by the Central Bank of the Russian Federation and started operating in 1994.

The Bank received its current name – Joint-Stock Company İŞBANK – in 2011, through the acquisition of 100% of the Bank’s shares by one of the largest banks in Turkey – Türkiye İş Bankası A.Ş. The Bank has all necessary banking licenses, including those for retail deposits.

In March 1998, the Central Bank of Russia granted the Bank a license for foreign exchange banking, which allowed the Bank to establish direct correspondent relations with major foreign banks, and in 2001 the Bank obtained the General License of the Central Bank of the Russian Federation.

Since July 1995, the Bank has been a member of the Association of Russian Banks.

In November 1998, the Bank joined the foreign exchange section of Moscow Interbank Currency Exchange (MICEX), and in May 2002 – its stock section.


In March 1999, the Bank started operating within the Society for Worldwide Interbank Financial Telecommunications (SWIFT).


In September 2005, the Bank was included in the Register of banks participating in the Statutory Deposit Insurance System under register number 917, which enabled the Bank to offer its retail customers a full range of services.


01 July 2015, Rating Agency Expert RA confirmed Işbank credit rating at the level of A+ - “Very high credit quality”. This is an important rating that guarantees its customers that İŞBANK will ensure timely performance of all its financial obligations.


To find out more about İŞBANK, please visit http://www.isbank.com.ru/