Partnership with GE Money Takes Strategy Management from Experian-Scorex into China
NOTTINGHAM, England, December 14 -- Experian-Scorex to Support China's Shenzhen Development Bank With Decision Support Technology
Experian-Scorex, the global decision support business of Experian®, has announced that Shenzhen Development Bank, one of the leading banks in China, is to implement the Strategy Management decision engine to strengthen its retail banking business. The Strategy Management technology will be delivered through GE Money, which has a global partnership with Experian-Scorex to support GE's decision support operations in over 20 countries.
GE Money is the world's leading provider of credit services to consumers, retailers and motor dealers, with more than 118 million customers around the world. In 2005, it announced the creation of a strategic alliance with Shenzhen Development Bank to develop consumer finance opportunities in China.
Elio Vitucci, Managing Director of Experian-Scorex, said: "We are pleased to be able to support Shenzhen Development Bank's efforts to strengthen its retail banking business by providing the advanced decision support technology it needs to manage the ongoing strategic changes in the dynamic Chinese market. We have worked closely with GE and its global risk teams for many years, supporting over 100 installations of our Strategy Management business rules engine across the company. We are confident that the Strategy Management technology will be a strategic asset for the SDB-GE partnership."
Michael Barrett, CEO, GE Money China, said: "China represents an exciting long-term growth opportunity for our financial services business. Strong risk management practices will be a core part of the growth strategy for Shenzhen Development Bank. We are committed to sharing our expertise in retail consumer finance management and systems with our partner to help it become a leading retail bank in China. Experian-Scorex's technology is an important strategic technology investment for the Bank."
Strategy Management provides rapid, flexible and robust decisioning technology that is key to helping businesses to grow more quickly, implementing strong risk management standards. Experian-Scorex is bringing expertise and technology to the Asia Pacific region with offices in Beijing, Hong Kong, South Korea, Japan, Singapore and Australia.
About Experian-Scorex
Experian-Scorex is the global decision analytics business of Experian®.
Its enterprise-wide solutions combine data intelligence, predictive analytics, decision-enabling technologies, strategy optimisation and consulting services to enrich client data and allow organisations to maximise profitability and performance from their customer relationships.
Experian-Scorex works closely with clients in more than 60 countries across diverse industries, including financial services, telecommunications, retail, leasing, automotive, insurance and utilities, enabling them to make billions of customer-focused decisions annually.
As part of the global Experian Group, Experian-Scorex has more than 30 years experience of managing bureau data, adding intelligence to that data and delivering analytical solutions. It maintains connectivity with more than 70 credit bureaux around the world and, with offices worldwide, is uniquely qualified to support local, national, regional and global businesses.
For more information, visit the company's website at www.experian-scorex.com.
Experian Group Limited is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE-100 index. It has corporate headquarters in Dublin, Ireland, and operational headquarters in Costa Mesa, California and Nottingham, UK. Experian employs more than 12,500 people in 34 countries worldwide, supporting clients in more than 60 countries. Annual sales are $3.1 billion.
For more information, visit the Group's website on www.experiangroup.com.
Source: Experian
For further information, contact:
KEITH GABRIEL
Head of Marketing
Experian-Scorex
Tel: +44-(0)115-82-86492
E-mail:Keith.Gabriel@experian-scorex.com
For further press information, contact:
PETER BROOKER
Public Affairs Director
Experian
Tel: +44-(0)115-934-4548
E-mail: peter.brooker@uk.experian.com
