HSBC has selected data integration
software from Experian, the global decision analytics business, to
support the bank’s lending decisions around the world.
The bank expects the standardised
data presentation will boost its cross-border lending decision
making.
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HSBC and Experian have been working
together for more than 20 years. HSBC’s decision to roll out and
launch Experian’s Connect+ product expands the relationship between
the two firms.
Chris Hawkes, global head of retail
credit risk at HSBC, told RBI: “Connect+ is being piloted
in Asia as part of the bank’s One-HSBC global banking strategy.
“Following a successful rollout in
Asia, the software will then be available to support HSBC
operations in specific regions around the world. We are not
divulging further rollout plans at this stage.”
As for the reason to select
Experian’s software, Hawkes added: “Experian is a key strategic
partner for HSBC. It knows our business, is closely aligned to the
OneHSBC strategy and is able to work with us on a global basis.
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By GlobalDataConnect+ is already used by a
number of major international banks to support cross-border data
access, however the HSBC deal is one of the largest so far.
Gary Woods, UK & Ireland MD at
Experian Decision Analytics, said: “We have been working closely
with HSBC for many years. We were evaluated alongside both
incumbent suppliers of these services to the bank, and other
organisations before a decision was taken.”
