Experian’s Basel II Solution included in Industry Report

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Experian^®, a global information solutions company, has been included in the latest Gartner Basel II Magic Quadrant for its capabilities. Experian's expertise in providing credit risk solutions led to the company's inclusion in the report highlighting the top 14 vendors out of more than 60 considered in the Basel II market.

 

Experian's specialized Basel II solutions focus on credit risk and include a risk engine calculator, reporting tools as well as consulting services and analytics. This year's specific criteria of calculator functionality and data management capabilities highlighted the differentiation between Experian solutions and that of the company's competitors.

 

"Experian Decision Analytics, as part of Experian Group, offers analytics, software and consulting services to support the implementation of Basel II. Transact SM (application processing management), Probe SM (behavioral customer management), and its Portfolio Monitoring solution (monitoring and reporting) are the key products within the offering," noted the Gartner report. "Transact SM and Probe SM use a business rule engine - Strategy Management - that contains the analytics necessary to meet Pillar I requirements for capital and economic calculations." Experian Decision Analytics has more than 50 clients globally using its Basel II solutions, including software and/or consultancy and model development.

 

"We're pleased that Gartner recognized our role as a specialized provider in the Basel II market," said Elio Vitucci, managing director, Experian Decision Analytics. "Basel II is proving to be a significant catalyst in establishing best practice risk management in many organizations. As Experian Decision Analytics has been working with financial services providers for decades to improve operational efficiencies, implementation of Basel II solutions leverages our expertise and relationships, and is among the company's core competencies."

 

Experian Decision Analytics' business combines data intelligence, analytics, software and consulting to provide credit risk, identity, and fraud solutions that help clients increase profitability and improve performance. Its enterprise-wide decisioning solutions enable clients to manage and optimize risk; prevent, detect and reduce fraud; meet regulatory obligations; and gain operational efficiencies. Trusted by leading players worldwide, Experian Decision Analytics' business provides the intelligence to make accurate and informed decisions to help clients better manage their customer relationships. 

 

Sourced From: IndusView Advisors Private Limited