Experian-Scorex, the global decision support business of Experian, has announced that Shenzhen Development Bank, one of the leading banks in China, is to implement the Strategy Management decision engine to strengthen its retail banking business.
The Strategy Management technology will be delivered through GE Money, which has a global partnership with Experian-Scorex to support GE's decision support operations in over 20 countries.
GE Money is the world's leading provider of credit services to consumers, retailers and motor dealers, with more than 118 million customers around the world. In 2005, it announced the creation of a strategic alliance with Shenzhen Development Bank to develop consumer finance opportunities in China.
Elio Vitucci, Managing Director of Experian-Scorex, said: "We are pleased to be able to support Shenzhen Development Bank's efforts to strengthen its retail banking business by providing the advanced decision support technology it needs to manage the ongoing strategic changes in the dynamic Chinese market. We have worked closely with GE and its global risk teams for many years, supporting over 100 installations of our Strategy Management business rules engine across the company. We are confident that the Strategy Management technology will be a strategic asset for the SDB-GE partnership."
Michael Barrett, CEO, GE Money China, said: "China represents an exciting long-term growth opportunity for our financial services business. Strong risk management practices will be a core part of the growth strategy for Shenzhen Development Bank. We are committed to sharing our expertise in retail consumer finance management and systems with our partner to help it become a leading retail bank in China. Experian-Scorex's technology is an important strategic technology investment for the Bank."
Strategy Management provides rapid, flexible and robust decisioning technology that is key to helping businesses to grow more quickly, implementing strong risk management standards. Experian-Scorex is bringing expertise and technology to the Asia Pacific region with offices in Beijing, Hong Kong, South Korea, Japan, Singapore and Australia.