Equifax Russia Continues Progress with New Product and Conference
May 14 2009 - 8:53AM
PR Newswire (US)
ATLANTA, May 14 /PRNewswire-FirstCall/ -- Six months after becoming
the operator and investor of Russia's premier nationwide credit
bureau, Equifax Russia is holding a client conference in Moscow
today, May 14, to discuss with current and potential customers the
country's economy and how the company's credit data and products
can help them manage risk and grow their business even during
difficult economic periods. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO ) Equifax
Russia launched its scoring product, the Bureau Score, in March
2009 and within the first month had four financial institutions
testing its credit and risk management products, and one of the
country's largest banks using the Bureau Score in its underwriting
processes. The Bureau Score is based on actual and current Russian
credit data, accommodating unique Russian market aspects, such as
the markets' recent credit tightening. "We leveraged Equifax's
global predictive sciences experience to launch a series of
products including the bureau score that can be used for all
aspects of credit acquisition and credit management," said Ross
McKay, vice president commercial and emerging markets product
management. "Given the newness of the credit experience to many
Russian consumers and commercial enterprises, we've even created a
"no-hit" score which enables users to use demographic information
to provide a risk assessment for consumers with little or no credit
history. " Equifax Russia is the leading credit bureau in Russia.
Its database includes nearly 25 million trade records on more than
18 million individuals and businesses from more than 60 data
providers under contract. In addition to the new credit score,
Equifax Russia also offers standard credit reports and credit file
enhancements with additional data and customer-specific
configurability. "Equifax has significant experience in providing
unique credit-based solutions to financial institutions throughout
the world. We are using our experience, technology, data assets and
analytics - along with those of our partners -- to help our
customers make critical business decisions in this fast-growing
market," said McKay. "Our client conference will allow us to detail
our products and how they're helping our clients better understand
how our credit information and products will help them manage risk,
particularly during these tough economic times." About Equifax Inc.
(http://www.equifax.com/) Equifax empowers businesses and consumers
with information they can trust. A global leader in information
solutions, we leverage one of the largest sources of consumer and
commercial data, along with advanced analytics and proprietary
technology, to create customized insights that enrich both the
performance of businesses and the lives of consumers. Customers
have trusted Equifax for over 100 years to deliver innovative
solutions with the highest integrity and reliability. Businesses -
large and small - rely on us for consumer and business credit
intelligence, portfolio management, fraud detection, decisioning
technology, marketing tools, and much more. We empower individual
consumers to manage their personal credit information, protect
their identity, and maximize their financial well-being.
Headquartered in Atlanta, Georgia, USA, Equifax Inc. operates
throughout the U.S. and in 14 other countries throughout North
America, Latin America and Europe. Equifax is a member of Standard
& Poor's (S&P) 500(R) Index. Our common stock is traded on
the New York Stock Exchange under the symbol EFX.
http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO
http://photoarchive.ap.org/ DATASOURCE: Equifax Inc. CONTACT: Tim
Klein of Equifax Inc., +1-404-885-8555, Web Site:
http://www.equifax.com/
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