Our approach to the development of a credit bureau is to harness the power of the data that is available in each market.
Our approach to the development of a credit bureau is to harness the power of the data that is available in each market. State of the art solutions, leveraging extensive global resources and capabilities, are then tailored to meet local needs and expectations.
Experian's recipe successfully integrates quality data with value added products and services that proactively support the credit life cycle.
This process also ensures that the data and solutions are provided in full compliance with the specific local market and legal requirements.
The core of the system is a central database that would typically comprise:
The bureau solution also provides the ability to generate real time callouts to external third party data sources.
The development and delivery of a credit bureau system employs best practices and international standards in terms of project management and relevant quality assurance controls, which ensures timely delivery of a high quality new bureau solution.
The entire project life cycle is underpinned by business consultancy support drawing upon Experian's wide expertise in the financial sectors. This will enable the Bureau Operator to further leverage the capabilities of the new bureau model by integrating Experian's best practices.
With specialists in data, risk, and fraud management, Experian provides a unique combination of industry experience, worldwide presence, software expertise, and analytical rigor.
Our process will ensure that the peculiarities of each market, in terms of business and legal requirements, are considered and embedded within the final solution.
The delivery project life cycle: