Experian Credit Information Company of India, today announced the launch of the next generation of Experian Delphi Credit Scores for customer acquisition and management to enable Banks and NBFCs to achieve even greater insight from credit bureau data.
The latest innovation for the Indian market will see the Experian Delphi Credit Score for Customer Acquisition use a risk forecast underpinned by credit history data and other relevant data combined with analytics to help provide even greater insight into new customer lending decisions. Post-acquisition, the Experian Delphi Credit Score for Customer Management provides the risk forecast score at a point in time to help lending institutions to better manage credit limits, pricing, collections strategies, cross-sales, & Basel II compliance.
Mohan Jayaraman, Managing Director for Experian Credit Information Company of India Private Limited, said: “Today’s latest announcement further delivers on our promise to introduce world class products and services for the Indian credit industry. The Experian Delphi suite will enable financial organizations to create even, more sophisticated risk based decisions throughout the entire customer lifecycle.”
Anindo Mukherjee, Executive Vice President, Fullerton India Credit Co Ltd said: “Fullerton India Credit Company Ltd. welcomes the launch of the new Experian Delphi Credit Scores in India. We believe that the next generation Delphi Credit Scores launched by Experian will bring in a new level of analytical sophistication to the Indian credit industry. Fullerton India has been working with Experian on developing various analytics models to bring in objectivity in decision making and we are confident that Experian Delphi Credit Scores will give enhanced predictability in our retail business.”
Experian helps organizations to leverage data and analytics to better manage the risk and reward of their commercial decisions. Experian Credit Information Company of India Private Limited currently has members representing the Indian consumer credit landscape including private sector, public sector, cooperative banks, regional banks and NBFCs. Experian Credit Information Company’s significant investment in creating leading data matching capabilities and experience of operating 20 consumer credit bureaus worldwide allows services to be offered to banks and NBFCs in India to maximize profitable growth while managing risk optimally.
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 $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.
