Business Daily from THE HINDU group of publications Wednesday, Mar 28, 2007 ePaper |
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Money & Banking
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Software Experian keen on India presence Our Bureau
Mumbai March 27 Ireland-based Experian Group will soon establish a credit bureau in India. The bureau will provide both positive and negative information on bank borrowers and will help check the credit worthiness of retail customers. "We have indicated our intention to set up the bureau to the Reserve Bank of India," Mr Richard Fiddis, Managing Director, Emerging Markets Development, Experian, said at a press conference on Tuesday, announcing the establishment of the company's India operations. The company will open a credit bureau within six months of getting a licence from the RBI, Mr Fiddis said. Experian Group employs more than 12,500 people in 34 countries globally, supporting clients from more than 60 countries. "We will also offer decision analytics designed to enable Indian organisations to prevent frauds, maximize revenues and minimise risk by accurate management of their customer information," said Mr Stephen Denby, Managing Director, Experian Decision Analytics. Decision analytics is the process of managing customer data to help an organisation develop appropriate strategies and actions for individual customers. "The company is also keen to acquire information, decision analytics and database companies that are compl2mentary to its business," Mr Luciano Manzo, Regional Director, said.
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