- New solution provides comprehensive package for clients with global customer 
bases to quickly and efficiently confirm identity 

Experian and identity verification provider Global Data Consortium (GDC) have 
today announced a new partnership which will transform customer onboarding 
journeys for both international and new-to-country customers.

The agreement enables Experian clients to onboard customers rapidly, as well as 
strengthening anti-fraud measures and meeting Know Your Customer (KYC) and Anti 
Money Laundering (AML) compliance requirements. 

By harnessing GDC's global network of Consortium Members sourced from more than 
50 countries around the world, clients are able to leverage their insights in 
order to accurately confirm the identity of customers who are based abroad. The 
solution will also assist individuals who are new to a country but are unable 
to access financial services, such as a bank account, because the financial 
provider lacks the necessary information to approve the application.

Creating a seamless onboarding process and authenticating a person's identity 
is a priority for many businesses. Yet Experian research found 70% struggle to 
confirm identity without it impacting the customer journey, and 53% only have a 
'medium-level' of certainty when identifying customers. 

By confirming identity quickly and efficiently, businesses can act with 
confidence they are onboarding legitimate customers, increasing their level of 
acceptance and boosting revenue and growth.

Micah Willbrand, Managing Director of Identity and Fraud, Experian, said: "With 
Covid-19 increasing the rate of digital transformation, it's critical 
businesses of all shapes and sizes are confident that their customers are who 
they say they are, and at the same time create as frictionless an experience as 
possible.

"Working with GDC and their market-leading coverage, clients now have the 
ability to onboard and verify customers in a seamless, integrated way, giving 
them the assurance they need the individual is genuine and suitable for the 
products they offer."

William Spruill, President of Global Data Consortium, said: "We're extremely 
excited at the opportunity to partner with Experian and their CrossCore 
ecosystem.  

"The combination of GDC's local data sources and Experian's global reach and 
expertise has been brought to bear in a global-API and will produce compelling 
outcomes for customers around the world."

GDC delivers identity verification for global businesses, providing a single 
access point via its cloud-based platform. Its data sets are based on a myriad 
of sources, including electoral roll and census information, utility and 
telecoms data, and credit information. 

GDC data will be incorporated into Experian's CrossCore International Identity 
Verification service, giving organisations compliance-approved fraud and 
identity systems in one open based platform. 

Experian is a market leader in identity verification and fraud prevention. For 
more information visit https://www.experian.co.uk/business/identity-fraud/

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 17,800 people operating across 45 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 ( 
https://c212.net/c/link/?t=0&l=en&o=2858659-1&h=2139803597&u=http%3A%2F%2Fwww.experian.com%2Fblogs%2Fnews&a=global+news+blog 
) for the latest news and insights from the Group.              

About Global Data Consortium
Global Data Consortium is the industry leader in electronic identity 
verification.  Whether leveraging reliable and independent data sources in 
established financial markets or reaching deep into emerging markets for 
alternative data sources, we help bridge the gap between consumer financial 
journeys and financial service provider compliance requirements.  We believe in 
the balance between preventing identity crimes and providing a seamless 
verification process, which we accomplish by leveraging local partnerships and 
expertise through a single-API.

GDC is headquartered in Raleigh, NC, USA with employees in five countries and 
partners in over 50 countries.

Learn more at www.globaldataconsortium.com.

SOURCE  Global Data Consortium

CONTACT: Robert Goodman, PR Manager, Corporate & Business, UK&I, Experian, Tel: 
07989 398 948/Email: Robert.Goodman@experian.com