Credit Chex Bureau User Group which happened in Dubai on 13 – 14th May 2009 was hosted by Credit-Chex and Experian and addressed to Executives from major financial and banking institutions in Pakistan and Gulf area. The participants had the opportunity to share and discuss around credit risk management, fraud prevention and how the credit reference agency affects market economies.
Credit Chex, and Experian®, the global information services company, offer the most sophisticated data sharing system in the Pakistani financial sector through their Credit Bureau and Customer Management Solutions which enables better risk management to support the Pakistani consumer economy.
Shiraz Ahmed, CEO of Credit Chex, described the event as a breakthrough channel for Pakistani lenders to seek global expertise to overcome existing challenges of New Consumer Lending, Managing Existing Portfolio specially Collections and issues related to Fraud by using Credit Chex Bureau, Score and Portfolio Management solutions. Credit Chex services compliment’s the existing Bureau’s in the country and benefits the Consumer Business through sophisticated technology provided by our global partner Experian.
Nabil Mowais, Director of Credit Chex, said: “Access to the Credit Chex Credit Bureau enables Pakistani lenders to make the right acquisition decisions to grow their business but at the same time, control bad debt, business risk and exposure. Credit Chex Bureau enables Pakistani banks, finance houses, credit card issuers and telecom organisations to make faster, better and more consistent credit decisions for new and existing customers.”
Gian Paolo Pavani, EMEA Director for Credit Bureau Expansion Experian, said: “We are proud of our long-term relationship with Credit Chex, this event shows the great commitment of Experian in Pakistan and its consumer economy, which can benefit from a world-class credit risk management system.”
Cenker Ozhelvaci, Country Manager for Turkey and Middle East Experian’s Decision Analytics division, commented: “The Credit Bureau brings important advantages to credit institutions as it can be used effectively in different areas such as account acquisition or customer management by providing an accurate snapshot of the credit worthiness of an individual; in marketing by providing a thorough performance picture for ‘inactive’; accounts; and collections by showing how the customer is behaving with other creditors.”
