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 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 lady for seven years by the Greek goddess Hera.
Tiresias can also be the title of the only credit score bureau in Greece and is the most recent strategic accomplice of worldwide information, analytics, and know-how firm Equifax UK. The 2 entities are collaborating in an effort to spice up monetary inclusion, stimulate financial development, and convey superior credit score evaluation and fraud prevention to companies and shoppers in Greece.
“Our partnership with Tiresias is a testomony to the whole lot we now have constructed at Equifax and the energy of our international 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 folks dwell 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, fashionable services. Amongst these new choices are enterprise instruments to boost credit score assessments, bolster fraud prevention, encourage accountable lending, and enhance debt administration. In an announcement, Tiresias highlighted Equifax’s international attain, with operations in 24 nations, 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 fashionable, protected, and simpler companies 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 threat 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 economic transactions by way of its Tiresias Threat Management System (TSEK).
Headquartered in Atlanta, Georgia, Equifax has been a Finovate alum since 2011. The corporate’s UK-based division, Equifax UK, provides credit score scores and credit score studies, in addition to id safety instruments. The corporate additionally offers sources to assist shoppers discover the proper mortgage, bank card, car financing, and insurance coverage provides, in addition to instructional info on monetary topics starting from debt administration to mortgages.
Picture by Hans Reniers on Unsplash
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