Experian Interfax licensed to protect confidential information
The Experian Interfax credit bureau has received a license from the Federal Technical and Export Control Service to protect confidential information.The law "On Credit Histories" stipulates that the presence of such a license guarantees that credit bureaus reliably keep credit histories and is crucial to their inclusion in the state register of credit bureaus.
"From the very beginning, Experian Interfax has introduced the strictest standards of information protection that comply with absolutely all requirements of Russian legislation and reflect the global experience of our founder - the Experian company, which stores more than 800 million credit histories and has never witnessed a leakage of this information," Experian Interfax Director General Vladimir Gerasimov said.
In August, the Federal Technical and Export Control Service confirmed the compliance of the credit bureau‘s IT center with information security requirements.
In mid-September, Experian Interfax began accepting data on borrowers from banks. Thirty-five banks, among them major Moscow and regional credit organizations, had signed contracts with the credit bureau by October 1, with another 40 set to follow suit.
Experian Interfax was set up in October 2004. Interfax Group, the leader in the Russian news market, and Experian, a leading global credit bureau, hold equal shares in the company. Experian Interfax offers information on whether potential borrowers will be in a position to repay their loans and seeks to provide both borrowers and creditors with better defense against credit risks.