Worldwide information, analytics, and know-how firm Equifax UK has teamed up with Greece’s sole credit score bureau Tiresias.
The strategic partnership is designed to assist Tiresias develop trendy enterprise instruments to boost credit score evaluation, bolster fraud prevention, encourage accountable lending, and enhance debt administration.
Equifax UK is a division of Atlanta, Georgia-based Equifax positioned in London, England.
In Greek mythology, Tiresias was a blind prophet well-known each for his clairvoyance and for being reworked into a girl for seven years by the Greek goddess Hera.
Tiresias can also be the identify of the only real credit score bureau in Greece and is the most recent strategic associate of world information, analytics, and know-how firm Equifax UK. The 2 entities are collaborating in an effort to spice up monetary inclusion, stimulate financial progress, and convey superior credit score evaluation and fraud prevention to companies and shoppers in Greece.
“Our partnership with Tiresias is a testomony to all the things now we have constructed at Equifax and the energy of our world answer capabilities and experience within the market,” Equifax UK Chief Technique & Innovation Officer Craig Tebbutt stated. “This collaboration will additional strengthen Tiresias as a strategic pillar of the Greek economic system, drawing on Equifax information, analytics capabilities, and cloud know-how to drive insights and decision-making confidence, serving to extra individuals reside their monetary greatest.”
Tiresias will profit from entry to Equifax’s superior information and analytics experience, know-how platforms, and best-in-class practices to help the bureau because it develops new, trendy services and products. Amongst these new choices are enterprise instruments to boost credit score assessments, bolster fraud prevention, encourage accountable lending, and enhance debt administration. In a press release, Tiresias highlighted Equifax’s world attain, with operations in 24 international locations, in addition to the agency’s mixture of differentiated information, analytics, and cloud know-how.
“This marks a brand new chapter within the Greek credit score market, the place transparency, reliability, and innovation will mix to ship trendy, secure, and simpler providers to profit society, whereas safeguarding the rights and freedoms of people and defending their private information,” Tiresias Chief Government Officer Ilias Xirouchakis stated.
Based in 1992 and primarily based in Marousi—a suburb north of Athens—Tiresias is an interbank firm that gives dependable information on the evaluation of credit score danger for companies and personal residents. The corporate seeks to restrict the over-indebtedness of particular person debtors, facilitate accountable lending, shield towards fraud, and improve the safety of economic transactions through its Tiresias Danger Management System (TSEK).
Headquartered in Atlanta, Georgia, Equifax has been a Finovate alum since 2011. The corporate’s UK-based division, Equifax UK, affords credit score scores and credit score stories, in addition to id safety instruments. The corporate additionally offers assets to assist shoppers discover the appropriate mortgage, bank card, vehicle financing, and insurance coverage affords, in addition to academic data on monetary topics starting from debt administration to mortgages.
Picture by Hans Reniers on Unsplash
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