5 Oct 2006 15:57

Experian-Interfax broadens its services

The Experian-Interfax credit bureau has completed the integration of a credit bureau system and the Acquire SM loan applications processing and decision support system developed by Experian-Scorex

“The new system based on solutions tried and tested in dozens of countries has no analogues in Russia and is committed to radically improving the efficiency of interaction between banks and the credit bureau,” said Vladimir Gerasimov, Experian-Interfax Member of the Board.

“The integration of the Acquire SM system and the credit bureau’s system should provide more convenience to Experian-Interfax clients. The bureau‘s data can now be automatically used in evaluating credit applications submitted to a bank and calculating the scoring. Thus, the whole decision-making process and the evaluation of the borrowers’ creditworthiness will be short in time,” Gerasimov said.

Experian-Interfax now has 1.5 million records and works together with 170 lending institutions, including major banks operating in the consumer loans sector.

Acquire SM is based on the software product Transact SM, which is successfully used globally and by major Russian banks. However, unlike Transact SM, which needs to be integrated in a bank’s operational infrastructure, Acquire SM is available through a web-interface, which significantly reduces the lending institutions’ costs. The product is completely adapted to the Russian market and includes a Russian-language interface.

Experian-Scorex clients in Russia are the leading operators on the banking, financial, and telecommunications services markets.

***Experian-Interfax was founded in October 2004. Its owners are Interfax Information Services Group, a major provider of information and services for financial markets, and Experian, a global leader in providing value-added information solutions to organizations and consumers.

The credit bureau was founded to provide information reflecting the borrowers’ accuracy in fulfilling their credit obligations and improving the creditors’ and borrowers’ protection against credit risks.

***Experian provides information, analytics, decision-making solutions and processing services. Using its comprehensive understanding of individuals, markets and economies, it helps organizations to find, develop and manage customer relationships to make their businesses more profitable


Experian promotes greater financial health and opportunity among consumers by enabling them to understand, manage and protect their personal information, helping them control financial aspects of key life events and make the most advantageous financial decisions.

Experian works with clients across diverse industries, including financial services, telecommunications, healthcare, insurance, retail and catalogue, automotive, manufacturing, leisure, utilities, e-commerce, property and government. A subsidiary of GUS Plc with headquarters in Nottingham, UK, and Costa Mesa, California, U.S., Experian has personnel of 12,500 people in 28 countries. Annual sales are in excess of 1.7 billion pounds.