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 trendy enterprise instruments to reinforce 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 reworked into a lady for seven years by the Greek goddess Hera.
Tiresias can be the identify of the only real credit score bureau in Greece and is the newest strategic associate of worldwide knowledge, 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 all the pieces we’ve constructed at Equifax and the energy of our world resolution 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 knowledge, 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 knowledge and analytics experience, know-how platforms, and best-in-class practices to help the bureau because it develops new, trendy services. Amongst these new choices are enterprise instruments to reinforce credit score assessments, bolster fraud prevention, encourage accountable lending, and enhance debt administration. In an announcement, Tiresias highlighted Equifax’s world 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 trendy, protected, and more practical providers to learn society, whereas safeguarding the rights and freedoms of people and defending their private knowledge,” Tiresias Chief Govt Officer Ilias Xirouchakis stated.
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 threat for companies and personal residents. The corporate seeks to restrict the over-indebtedness of particular person debtors, facilitate accountable lending, defend in opposition to fraud, and improve the safety of business transactions through 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, gives credit score scores and credit score studies, in addition to id safety instruments. The corporate additionally supplies assets to assist shoppers discover the suitable mortgage, bank card, car financing, and insurance coverage gives, in addition to academic data on monetary topics starting from debt administration to mortgages.
Picture by Hans Reniers on Unsplash
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