Equifax Partners with India's Leading Master Data Management Provider Ixsight

Combined Forces of Equifax and Ixsight will provide Financial Institutions with India’s Most Comprehensive Data Quality and Data Management Solutions Available

Equifax Credit Information Services Private Limited (ECIS), and Ixsight Technologies Pvt Ltd, India’s leading data quality and data management solution provider are joining forces to help institutions solve India’s unique data challenges. This new partnership combines Equifax’s 110 year history of being a leader in managing large, complex data assets with Ixsight’s leadership role in master data management. Equifax Credit Information Services is a joint venture between Equifax and six leading Indian financial institutions - Bank of Baroda, Bank of India, Kotak Mahindra Prime Limited, Religare Finvest Limited, Sundaram Finance Limited and Union Bank of India.

The initial offerings from this partnership will include data cleansing with custom business rules, data enrichment and data de-duplication. Financial institutions will be able to leverage these solutions to expedite their efforts for combining disparate data sources to provide a true 360° view of their consumers.

“Our members understand that we have significant expertise in managing over 15,000+ contributing member’s data. They now wish to leverage this experience for their internal efforts. We believe that combining the data quality and data management software and other services from Ixsight with our complex data asset pedigree offers significant value for our members,” said Samir Bhatia, MD & CEO, Equifax Credit Information Services Pvt. Ltd.

“The collaboration is significant step in providing advanced solutions to address India’s unique data challenges. The benefits are manifold, especially in streamlining complex data from disparate sources to provide a holistic picture of individual repayment capabilities.” said Mr. Sumit Bali, Director, Kotak Mahindra Prime Ltd and Executive Vice President – Assets, Kotak Mahindra Bank Ltd.

“Our partnership with Equifax is an excellent indication of the importance of Data Quality for delivering truly responsive credit information services. The partnership will enable Equifax clients to avail the best qualities of both worlds - Equifax's global experience in credit bureau and data management services and Ixsight's customer-centric data quality solutions. We at Ixsight are excited with the benefit of an increased reach to the financial and banking sector in India that will result from the partnership. We look forward to working with Equifax on this front,” said Savita Modak, Co-founder and COO, Ixsight.

New products launched through this partnership are now available. Additionally, Equifax is offering an “Equifax Guarantee” on these services to provide its members with the confidence they can rely on deliverable quality.