30 Mar 2006 11:57

Experian-Interfax starts feeding data to central credit history catalogue

Experian-Interfax has become the first credit bureau to announce the transfer of actual data to the central catalogue of credit histories having developed a full technological line of its bureau.

"We are happy that this complex and intensive job has been successfully completed," Nikolai Dimchenko, General Director of the bureau, announced. "The first data package was successfully submitted to the Central Bank on Wednesday, March 29 and received by the central catalogue of credit histories. Thus our bureau launched full-scale operations," he said.
A day earlier Experian-Interfax produced the first reply to a query for a credit history from a lending institution and an individual for a creditor history becoming the first Russian credit bureau to fulfill all the procedures prescribed by law.
Experian-Interfax obtained its license as a credit bureau about a month ago by being included in the Russian register of credit bureaus.
Its technical center passed all tests for compliance with Russian and international security standards.
More than 150 banks that signed agreements with the bureau have started providing Experian-Interfax with information on borrowers with the latter‘s consent.

*** 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 the Experian company, a world leader in the provision of information and analysis for consumers, businesses and the public sector and founder of credit history bureaus in 12 countries, including the United States and Britain.
Interfax Group and Experian own equal shares in Experian-Interfax, whose task is to provide information on borrowers in order to reduce credit risks.