July saw the launch of  the Acquire SM solution from Experian Decision Analytics, in a series of seminars held in Moscow, Yekaterinburg & Samara.

Acquire SM is a fully managed credit evaluation tool which enables financial organisations to accurately assess the risk and potential value of applicants before a lending decision is made. Chief Executive Officers and Directors of Risk & Fraud Management from the Russian banking sector attended the seminars to see the effective and efficient new business lending solution. During the events, attendees had the opportunity to appreciate the benefits of the cost-effective web based solution and its robust environment through presentations and a live system demonstration.

Specifically developed for small and mid-sized credit institutions operating in the retail sector, the solution offers a highly cost-efficient and robust environment to support lending decisioning and applicant analysis. Acquire SM is an outsourced solution. The web-based interface allows an organisation to implement the solution at a significantly lower cost compared to deploying software which needs to be integrated into the company's IT infrastructure.

With a rapid implementation, a consistent, multi-channel lending policy can be deployed across the enterprise to deliver effect and efficient new business lending decisions. Acquire SM is a managed solution for assessing the credit worthiness of applicants and is a best practice application processing system based on Experian Decision Analytics' globally deployed Transact SM technology.

Acquire SM enables accurate risk and reliability analysis in making lending decisions. It gives financial organisations the ability to process applications in real-time, enabling consistent and weighted lending decisions to be made on every individual.

Elio Vitucci, Managing Director, Experian Decision Analytics EMEAI commented: "Acquire SM has already provided a rapid and robust credit evaluation solution for many clients across Europe. Now fully customised for the Russian market, including language capabilities and linking to the Experian-Interfax credit bureau, it offers a significant opportunity for Russian financial organisations to automate and streamline their credit assessment procedures".

Daniel Zelenski, Head of the Russian office of Experian Decision Analytics, explained: "I am delighted with the success of the seminars. We are sure that this solution can bring many advantages to these organisations because the Acquire SM is able to cut processing costs and save time needed to make decisions as well as decreasing delinquent loans. These are significant improvements in a market where most banks process loan applications manually."

"As a managed service, Acquire SM incorporates our best practice expertise in new business decisioning, using predictive scores and our powerful decision engine. All this enables an accurate customer assessment. Acquire SM is a comprehensive and complete tool which provides high quality application processing and decisioning to customers and full support of business and technical consultants of Experian Decision Analytics".