Experian Signs Global Data Integration Deal With Hsbc

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17th August 2010, 02:18pm - Views: 1284






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MEDIA RELEASE PR40840



Experian Signs Global Data Integration Deal with HSBC



BEIJING, SHANGHAI, GUANGZHOU and SHENZHEN, China, Aug. 17 /PRNewswire-Asia-

AsiaNet/ --


    Experian(R), the global information services company, today announced an enterprise

deal with HSBC to help integrate the bank's access to external data sources around the

world. 


    Starting in Asia, Experian's Connect+ data integration software will be used by HSBC to

enable access, consolidation and aggregation of data from multiple sources, including credit

bureaux, and other third party data providers. The service is currently supporting HSBC's

Personal Financial Services business in Malaysia with rollout planned for three more

countries in Asia. Following a successful rollout in Asia, the software will then be available

to support HSBC operations in specific regions around the world. 


    Data feeds, which can differ widely from country-to-country, are made available in a

standard format for consideration within implementations of Experian's Strategy

Management decision software, already in use at HSBC. This allows consistent decisioning

models to be used across different countries. 


    The common interface created by Connect+ will enable HSBC to further standardise its

third party data access around the world. As a result, when HSBC requires external data

when making decisions, Connect+ will be used in determining and accessing the most

relevant sources of credit information. Connect+ will then gather the data, aggregate it into a

consistent format and return it to HSBC. 


    Underpinned by Experian's data and analytics, HSBC will be able to deploy enhanced

decision systems into new markets, while providing support for cross-border lending by

enabling relevant data, where permitted, to be used to support decision making.  



    Chris Hawkes, Global Head of Retail Credit Risk at HSBC comments: "Experian is a key

strategic partner for HSBC. Its innovative data and analytics are important components of

our One HSBC initiative. This initiative is helping us to achieve global standardisation

around our risk management processes, obtain greater efficiencies and improve the

customer experience we are able to offer. Through working with Experian, HSBC can

continue to reduce the barriers to entering new markets, furthering our global reach and our

position as one of the world's leading banks in emerging markets." 


    Graeme Beardsell, Managing Director South Asia, at Experian comments: "Experian's

partnership with HSBC is helping the bank to develop its global banking system. The

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implementation of Connect+ will enable greater standardisation of HSBC's third party data

sources, while ensuring it is able to consider the most appropriate local data sources for

each location." 


    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 (London: EXPN) and is a

constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2010 was

US$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 Sao Paulo, Brazil.




    Contact


     Margaret Lam

     Experian Public Relations

     Tel:   +852-2839-5276

     Email: margaret.lam@hk.experian.com


SOURCE  Experian


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