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Equifax Inc on Monday said it will introduce its proprietary international database 'CDC Alert' in India so that its customers can assess risks better, minimise their exposures and losses, and also assist with regulatory processes.
CDC Alert is a compiled database that lists people who have been involved in white-collared crimes such as money laundering, financial frauds and terrorism-related activities in India and around the globe, the global credit information company said in a statement.
The product will offer Indian companies comprehensive information on the financial and law compliance track-record of customers and collaborators, along with their source of funds, it added.
Equifax said it will help corporates, banks, insurance companies, financial intermediaries, etc., to run effective compliance checks on their prospective customers.
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