Experian is known as a world leader in providing solutions that include credit risk assessment and analysis of the potential benefits of credit products for the retail and corporate sectors.
Taking into account the extensive international experience and results achieved in other countries, Experian is expanding its offering in the CEE region with a number of products related to open banking.
“Open banking and transactional analytics are new opportunities for business transformation and digitization for many industries. Risk assessment solutions are becoming more and more popular outside the financial sector.
“In addition, transactional analytics on data from open banking means much greater possibilities of using for more effective customer assessment not only in terms of risk, but also customer authentication, automatic anti-fraud verification without unnecessary documents and declarative information.
“It is also more effective cross- and up-selling with a full understanding of the possibilities, needs and lifestyle of the client and targeted early assessment of changes in the client’s financial situation, and friendlier debt collection if necessary,” says Iga Sikorska, Analytics Consulting Lead at Experian.
Working with Kontomatik will support and accelerate the process of implementing new solutions.
“Kontomatik is the largest and best-known company in this part of Europe that provides banking transaction data under open banking. Thanks to the combination of forces and the use of Kontomatik’s technological competencies, we will be able to provide our clients with a number of new services and support them in scaling their business, and even expand the offer beyond the financial industry” – explains Bartosz Pundyk – Account Director at Experian in CEE.
“The use of open banking will allow us to build more accurate predictive models in the region of Central and Eastern Europe, which will certainly translate into better financial results for our clients.”
Achieving new or improved technological possibilities and using the company’s experience in a given category are the most common reasons for fintech cooperation. This is also the case with Experian and Kontomatik.
Michał Łukasik, CEO Kontomatik, said: “Our competence in obtaining transaction data in the CEE region dates back to 2009.
“We have a proprietary technology that uses machine learning and we provide our clients with access to information from most banks from Poland, the Czech Republic or other Baltic countries.
“For years, our solutions have been successfully implemented in financial institutions as tools supporting analytical and anti-fraud processes, identifying identity and supporting credit risk assessment. We can detect risky behavior, trends in income and expenses, detect credit spirals and much more. So we can safely say that we know the financial behavior of users in this part of Europe best.
“We were the first in Poland to be entered in the AISP register kept by the Polish Financial Supervision Authority, which also confirms the trust in us as a leader in the industry. Experian’s global experience and our specialization in the field of financial data analytics will allow us to jointly deliver the most powerful models on the market.”
This cooperation will certainly allow both fintechs to further strengthen their market position and expand their services and countries of operation in the near future.
Kontomatik is a fintech company with Polish origin, established in 2009. As a leader in open banking solutions in the CEE region, Kontomatik imports, analyzes and categorizes banking data in real time, helping companies make better business decisions.
The data obtained through API Kontomatik can be used to identify the customer’s identity, detailed creditworthiness assessment, precise segmentation or analysis of financial behavior. The company was the first entity to be entered in the AISP register kept by the Polish Financial Supervision Authority and Bank of Lithuania. Kontomatik has over 100 clients in its portfolio and operates in 11 countries.
Justyna Skorupska, Marketing Manager, +48 537 324 807, firstname.lastname@example.org
Experian is the world’s leading global information services company. During life’s big moments — from buying a home or a car to sending a child to college to growing a business by connecting with new customers — we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.
We have 17,800 people operating across 44 countries, and every day we’re investing in new technologies, talented people and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.
Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.
Bartosz Pundyk, Pełnomocnik Zarządu, +48 782 300 577, email@example.com