Equifax, a global provider of information solutions, has commenced offering credit information solutions through Equifax Credit Information Services (ECIS) across India.
ECIS offers services through its joint venture with Indian financial institutions that include Bank of Baroda, Bank of India, Kotak Mahindra, Religare Finvest, Sundaram Finance and Union Bank of India.
In March 2010, Equifax received approval from Reserve Bank of India to establish new credit information company.
Equifax chairman and CEO Richard Smith said that the joint venture combines Equifax technology and international experience with a very large and growing database, managed and delivered entirely within India, to give customers data and insights, in an efficient and effective manner.
ECIS managing director and CEO Samir Bhatia said that the new service will be providing a comprehensive suite of credit risk, customer retention/cross-sell and collection products based on the highest calibre data in the industry.