COSTA MESA, Calif. and
SINGAPORE, Dec. 11, 2018 /PRNewswire/ -- Experian, the
leading global information services company, today announced that
its international DataLabs is expanding in Asia Pacific. Increased investment into an
existing innovation centre in Singapore will create the fourth Experian
DataLab, adding to an international footprint that includes
facilities in the US, the UK and Brazil. 'Experian DataLabs Singapore' helps
businesses solve strategic marketing and risk-management problems
through advanced data analysis, research and development.
As businesses around the world look to make sense of their data
and capture the value in it through innovative techniques and
applications, Experian DataLabs provide a compliant, safe and
secure environment for both internal and collaborative research. As
well as driving Experian's own highly acclaimed innovation agenda,
the DataLabs programme allow clients to work alongside the
company's data experts and leverage their combined data assets. The
Singapore DataLab has a particular focus on developing innovations
to help the 1 billion people across Asia Pacific[1] who don't
have access to traditional forms of finance by harnessing
alternative data derived from smart phone use.
Eric Haller, Global Head,
Experian DataLabs said: "I am delighted to announce the expansion
of Experian DataLabs in Asia-Pacific because I am so excited about
what we can achieve there – particularly on the important issue of
financial inclusion. Only 27% of adults in the region have a bank
account and as a result they don't have the financial profile
necessary to borrow money on fair, affordable terms. Our Singapore
DataLab will have an enhanced focus on innovation that helps
consumers and businesses by building accurate profiles of people
based on alternative sources of data, leveraging high levels of
smart phone use in the region across all demographic groups.
Working with consumers, we want to help them get the most out of
their data, help them get access to the financial system and
affordable credit – and ultimately help them to achieve their
goals."
Experian has been operating an innovation centre in Singapore for more than 18 months. The facility is staffed with a
multidisciplinary group of data scientists with PhDs and applied
research practitioners with expertise in advanced analytics and
machine learning, as well as other advanced statistical methods. As
part of the global Experian DataLabs network, the facility will
both enhance its focus on addressing regional financial inclusion
issues, and co-ordinate with existing projects at Experian's other
DataLabs sites around the globe.
Ben Elliott, CEO, Experian APAC
said: "Singapore is the ideal
place for the Experian DataLab in
Asia-Pacific. The country has a
recognised and proven focus on innovation built on a first-class
business infrastructure, a world-leading start-up ecosystem and a
deep and highly qualified talent pool. I am confident that
Experian's Singapore DataLab will play a valuable and important
role in helping to address pressing regional issues, such as
financial inclusion, which we will then be able to adapt and apply
in other markets around the world."
Established in 2010, Experian DataLabs operates globally with
labs in San Diego, California;
London, England; São Paulo,
Brazil and Singapore. To find out more about Experian's
data innovations and the Experian DataLabs, please visit
http://www.experian.com/big-data/datalabs.html.
Contact:
Leisl Pillay
Experian Public Relations
1 714 830
3184
Leisl.pillay@experian.com
Michael Turner
Finsbury
+44 (0) 20 7251 3801
Michael.turner@finsbury.com
About Experian
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
organisations to prevent identity fraud and crime.
We have 16,500 people operating across 39 countries and every
day we're investing in new technologies, talented people and
innovation to help all our clients maximise 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
company.
[1] Financial inclusion for Asia's unbanked – The World Bank
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SOURCE Experian