Worldwide knowledge, 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 fashionable 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 situated in London, England.
In Greek mythology, Tiresias was a blind prophet well-known each for his clairvoyance and for being remodeled 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 newest strategic accomplice of world knowledge, 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 customers in Greece.
“Our partnership with Tiresias is a testomony to every thing we now have constructed at Equifax and the power of our international answer capabilities and experience within the market,” Equifax UK Chief Technique & Innovation Officer Craig Tebbutt mentioned. “This collaboration will additional strengthen Tiresias as a strategic pillar of the Greek economic system, drawing on Equifax knowledge, analytics capabilities, and cloud know-how to drive insights and decision-making confidence, serving to extra folks reside their monetary finest.”
Tiresias will profit from entry to Equifax’s superior knowledge and analytics experience, know-how platforms, and best-in-class practices to help the bureau because it develops new, fashionable 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 international attain, with operations in 24 international locations, in addition to the agency’s mixture of differentiated knowledge, 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 fashionable, secure, and more practical providers to profit society, whereas safeguarding the rights and freedoms of people and defending their private knowledge,” Tiresias Chief Government Officer Ilias Xirouchakis mentioned.
Based in 1992 and based mostly in Marousi—a suburb north of Athens—Tiresias is an interbank firm that gives dependable knowledge 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, defend towards fraud, and improve the safety of business 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 reviews, in addition to identification safety instruments. The corporate additionally offers assets to assist customers discover the proper mortgage, bank card, car financing, and insurance coverage affords, in addition to academic data on monetary topics starting from debt administration to mortgages.
Photograph by Hans Reniers on Unsplash
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