Experian launches fraud prevention service in Russia
Moscow, 28 October 2011 — Experian®, the global information services company, today announced the launch of its National Hunter fraud prevention service in Russia. The system, which identifies fraudulent credit applications, has been tailored for the Russian market in partnership with the United Credit Bureau and five major Russian banks.
Optimised for banks specialising in retail lending, National Hunter provides a unique collaborative environment for organisations to identify fraud at the point of application. The system analyses the application to identify inconsistencies as well as matches with previously seen fraud activity. The more organisations using the service, the greater the pool of shared fraud intelligence against which applications can be analysed.
Similar Experian systems in the UK, USA, Spain, South Africa, South Korea and Australia have enabled banks to significantly improve their ability to detect and prevent fraud. Organisations connecting to Hunter will be able to minimise the amount of fraud in their loan portfolios and reduce the financial losses from bad debt.
It can also contribute to improved operational efficiency, as lenders are able to block obvious fraud, focus resource on marginal cases and speed up the acceptance of genuine customers.
Daniel Zelenski, Head of the Moscow Branch of Experian CIS Limited, comments: “Application fraud is a common problem in both developing and mature markets. The level of fraud in retail lending in Russia will continue to grow unless active countermeasures are taken. Hunter has already served to reduce the scale of this global problem.
“When building the system we focused on reaching the ultimate level of accuracy, ensuring it can interact with a wide range of different credit application processes and strictly abiding with legislative requirements.”
ENDS
Contact:
James Taylor
Experian Public Relations
+44 (0)115 99 22650
james.taylor2@ku.experian.com
About Experian
Experian is the leading global information services company, providing data and analytical tools to clients in more than 90 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 2010 was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and São Paulo, Brazil.
For more information, visit http://www.experianplc.com .