Experian has been included in the latest Gartner Basel II Magic Quadrant for its capabilities as a specialist player.

Experian’s expertise in providing credit risk solutions led to the company’s inclusion in the report highlighting the top 14 vendors out of more that 60 considered in the Basel II market. Experian’s specialised Basel II solutions focus on credit risk and include a risk engine calculator and reporting tools as well as consulting services and analytics.  This year’s specific criteria of calculator functionality and data management capabilities highlighted the differentiation between Experian solutions and that of the company’s standard competitors.

“Experian offers analytics, software and consulting services to support the implementation of Basel II. Transact SM (application processing management), Probe SM (behavioural customer management) and its Portfolio Reporting Studio (monitoring and reporting) are the key products within the offering,” noted the Gartner report. “Transact SM and Probe SM use a business rule engine – Strategy Management – that contains the analytics necessary to meet Pillar I requirements for capital and economic calculations.” Experian has more than 50 clients globally using its Basel II solutions, including software and/or consultancy and model development.

“We’re pleased that Gartner recognised our role as a specialised provider in the Basel II market,” said Elio Vitucci, Managing Director, Experian Decision Analytics. “Basel II is proving to be a significant catalyst in establishing best practice risk management in many organisations. As Experian has been working with financial services providers for decades to improve operational efficiencies, implementation of Basel II solutions leverages our expertise and relationships, and is among the company’s core competencies.”

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