Experian 2016 Annual Report Download - page 8

06
Our business activities
We manage data that helps
businesses and organisations to lend
fairly, consistently and responsibly,
and prevent fraud.
This includes information on how people
and businesses have repaid credit in
the past and the details of their previous
applications for credit.
Lenders use this data to make informed
credit decisions, from setting terms
for new accounts, through to effective
management of existing customer and
supplier relationships.
They can quickly assess whether a credit
product is suitable for an individual or
business and whether they can afford to
repay it, helping to ensure that credit is
extended responsibly.
Decisions are based on factual
information, helping to ensure that
customers are treated more fairly when
Credit Services applying for credit and widening access
to credit across society, by providing an
objective basis for assessing risk.
Although the laws governing data
hosting and access vary by country,
access to our data is strictly controlled.
To check the credit history of a person
or business and to store data with us, a
company must have a legitimate reason
for doing so and applicants are notified
in markets when required.
Market position – we are the number
one or two in most of our markets.
Competitors – include Equifax,
TransUnion and Dun & Bradstreet.
Financial characteristics – primarily
transactional, pricing is volume-tiered,
per report delivered.
Decision Analytics
North America 55%
Latin America 26%
UK and Ireland 12%
EMEA/Asia Pacific 7%
REVENUE BY REGION
REVENUE BY REGION
We use expertise, science and
analytics to unlock the potential
of data, so that people and
businesses may act on the
knowledge held within.
Our sophisticated technology helps
our clients to access, understand and
interpret the vast quantities of data that
they generate and are exposed to. It
allows them to make fast and efficient
decisions, provide their customers with
great service, improve performance and
grow their business.
For example, our software automates
and drives the process when a person
applies online for a bank loan. This
includes checking the person’s credit
status and their ability to repay the loan,
applying the bank’s lending criteria,
running anti-fraud checks and giving an
answer – all within a matter of seconds
for a process that previously took days.
We help our clients do this for hundreds
of millions of applications every year.
By bringing together our expertise, data,
analytics and software platforms, we
provide a powerful range of services:
• We combine our data with client
and other third-party data, then
apply analytical models to transform
it into meaningful information,
helping our clients find answers
to their questions.
• Our platforms help clients carry out
everything from the simple to the
complex: from managing day-to-day
activities, such as compiling,
standardising and retrieving data, to
managing workflows and strategic
decision making.
• Our industry experts work
collaboratively with our clients. They
listen to them, identify issues and
focus on the wider context of their
business, so as to provide solutions
that add value to their business and
improve performance.
Market position – we are a market
leading provider in our major regions.
Competitors – include Fair Isaac, IBM,
SAS and smaller niche providers.
Financial characteristics – scores
and checks are sold on a transactional,
volume-tiered basis. Software and system
sales include implementation fees,
recurring licence fees and transactions.
North America 29%
Latin America 6%
UK and Ireland 41%
EMEA/Asia Pacific 24%
50%
13%
Contribution to
Group revenue
Contribution to
Group revenue
Strategic report •Our business activities