BAP Credit Bureau Transforms Credit Reporting With Informatica

Grows Business by Increasing Credit Information Checking by 300 Percent and Accelerating Credit Check Request Turnaround from Hours to Minutes

REDWOOD CITY, Calif., August 15, 2011 -   News Facts:
  • Informatica Corporation (NASDAQ: INFA), the world’s number one independent leader in data integration software, today announced that BAP Credit Bureau, Inc. is using Informatica Identity Resolution, part of the Informatica Platform, to speed the exchange of accurate credit information and grow its subscriber base in the Philippines.
  • BAP Credit Bureau relies on Informatica Identity Resolution to provide subscriber organizations, such as lending banks, with a single, trusted view of an individual’s risk profile.
  • By automating high-volume credit checking, Informatica Identity Resolution has enabled BAP Credit Bureau to take on a greater number of financial services organizations as subscribers and quickly bring new services to market – without having to increase headcount.
  • Informatica Identity Resolution has enabled BAP Credit Bureau to:
    • Increase the number of identity search and match requests processed each day by 300 percent.
    • Reduce turnaround time for credit check requests from an average of five hours to just minutes.
    • Slash time-to-market for new credit information services by 500 percent, going from 12 months down to two months.
    • Increase the accuracy of identity matching and credit information.
    • Help subscriber organizations decrease risk and increase compliance with know-your-customer (KYC) regulations.
  • Informatica Identity Resolution searches and finds identity matches quickly and accurately, regardless of structure, format, location, duplication, omissions or errors (data entry or intentional errors, incomplete records or variations in international names and addresses).
  • Using advanced intelligent algorithms, smart indexes and search strategies, Informatica Identity Resolution efficiently locates individuals’ records and makes accurate identity matches across large databases, including subscribers’ systems and data from credit card companies, rural Philippine banks and other financial organizations.

Tweet this: BAP Credit Bureau Transforms Credit Reporting with @InformaticaCorp Identity Resolution http://bit.ly/qw70jQ #dataquality

Supporting Quotes

  • “Since we began using Informatica Identity Resolution, we have never looked back,” says Francis Avellana, director for systems and technology, Bankers Association of the Philippines. “Informatica Identity Resolution provides consistent, customer-defined name search and matching rules that suit our business requirements. And, because Informatica Identity Resolution is such a stable and reliable platform, we are able to meet subscriber service level commitments for credit data availability.”
  • “Credit checking is just one of many applications requiring high precision, high volume identity resolution,” said Ivan Chong, executive vice president, Data Quality Product Division, Informatica. “Customer relationship management, fraud prevention, background checking, anti-money laundering, law enforcement, master data management, data quality and governance initiatives all benefit from the use of Informatica Identity Resolution, which can search and match identity data across multiple sources and languages in real time. BAP Credit Bureau is a great example of a forward-looking institution that is providing financial services solutions powered by Informatica technology, which allow them to improve customer service, decrease risk and bring new services to market faster.”  

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About Informatica

Informatica Corporation (NASDAQ: INFA) is the world’s number one independent provider of data integration software. Organizations around the world turn to Informatica to gain a competitive advantage in today’s global information economy with timely, relevant and trustworthy data for their top business imperatives. Worldwide, over 4,440 enterprises rely on Informatica for data integration and data quality solutions to access, integrate and trust their information assets held in the traditional enterprise, off premise and in the Cloud. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com. Connect with Informatica at http://www.facebook.com/InformaticaCorporation, http://www.linkedin.com/company/informatica and http://twitter.com/InformaticaCorp.

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Note: Informatica,Informatica Platform and Informatica Identity Resolution are trademarks or registered trademarks of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.