Credit referencing and support

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/Credit referencing and support

Co-op rolls out Experian debtor risk assessment technology

The UK's Co-operative Financial Services (CFS) has installed CRM technology from Experian which provides an up-to-date risk assessment of all customers and highlights any changes in financial status. The implementation comes amid rising concerns among banks about high levels of personal debt and the impact of individual voluntary arrangements (IVAs) on credit quality.

/Credit referencing and support

Experian acquires Eiger Systems

Credit information agency Experian has acquired Eiger Systems, a UK provider of bank account validation and payment processing software. Financial terms of the deal were not disclosed.

/Credit referencing and support

Fair Isaac cuts 200 jobs

Minneapolis-based Fair Isaac is cutting 200 jobs as part of a broad restructuring plan that includes shifting some work to its offshore centre in India.

/Credit referencing and support

People's Bank customer data tape goes missing

Connecticut-based People's Bank has become the latest US financial firm to lose confidential data after a tape containing information on around 90,000 customers went missing while in transit to a credit reporting bureau.

/Credit referencing and support

UK credit cards firms to share customer data

UK credit card issuers Abbey, Barclaycard, the Co-operative Bank and Egg have agreed to start sharing data on how cardholders manage their debt.

/Credit referencing and support

Credit agencies to establish single data encryption standard

The top three credit reporting agencies in the US - Equifax, Experian and TransUnion - have agreed to adopt a single, shared encryption standard to better protect customer data.

/Credit referencing and support

Nigeria's United Bank for Africa deploys Fair Isaac CreditDesk system

Nigeria's United Bank for Africa (UBA) has implemented technology from US-based Fair Isaac to support its credit application processing.

/Credit referencing and support

GUS confirms Experian spin off ambitions

GUS plc has publicly confirmed plans to spin off its information services subsidiary Experian.

/Credit referencing and support

Experian wins £40m HBOS contract

UK banking group HBOS has signed a five year contract, worth £40 million, with Experian for the supply of credit referencing and fraud detection services.

/Credit referencing and support

Fair Isaac signs RZB to Debt Manager; agrees acquisition of Braun Consulting

Austrian banking group Raiffeisen Zentralbank (RZB) is implementing Fair Isaac's Debt Manager product to standardise debt collection processes across its European operations.