Experian and Lendrise partner to expand advanced data and analytics capabilities in Romania

Experian and Lendrise have entered a partnership to develop advanced data, analytics and decisioning solutions for financial services and other data-driven industries in Romania.

“The collaboration combines Experian’s global capabilities in credit risk, analytics, Open Banking, fraud prevention and identity with Lendrise’s established Romanian infrastructure, local data connectivity, digital distribution network, market knowledge.” – according to the press release.

Romania is entering a new phase in the use of financial and alternative data: Open Banking is expanding consumer-permissioned information, CCD2 is reshaping creditworthiness and affordability assessment, digital identity is evolving, and fraud increasingly spans banking, telecommunications, utilities and digital commerce. “Experian and Lendrise intend to address these shifts through an integrated approach rather than isolated use cases.” – the company said.

“With CCD2 approaching, Open Banking evolving and fraud increasingly crossing industry boundaries, the next step is using consumer-permissioned data more responsibly, to make better lending and fraud decisions, with the consumer in control.” – said Nic Balaceanu, CEO Lendrise.

Under the partnership, Experian and Lendrise will combine their respective capabilities to jointly develop opportunities with banks, financial institutions, telecommunications operators, utilities and other organizations serving Romanian consumers. “A key focus will be combining new and existing data sources with advanced analytics and decisioning to improve credit assessment, affordability, fraud detection and digital customer journeys, following privacy-by-design principles throughout.” – the company explained.

The partnership establishes a framework for integrating Experian’s international technology with Lendrise’s Romanian ecosystem.

“Romania is a market with significant potential for the next generation of data-driven financial services. Lendrise brings strong local capabilities and market knowledge that complement Experian’s technology and international experience. Together, we can help Romanian organizations make better decisions, manage risk and fraud more effectively, and deliver better digital experiences for consumers”. Armando Capone, CEO, Experian Italy and Southern Europe.

“For the past 8 years, we have been building Lendrise around a simple conviction: access to financial information should empower consumers and businesses, not create more barriers. More than 2 million Romanians have used our ecosystem to access and better understand their own financial information, from credit bureau reports and tax authority records to banking transactions through Open Banking.

Along the way, we’ve learned that the real challenge isn’t collecting data. It’s connecting it, understanding it, and turning it into better decisions. And this challenge goes well beyond banking. Telecommunications, utilities, consumer finance and e-commerce all face similar questions about trust, risk, identity, fraud and financial inclusion. Our shared goal is to enable smarter, fairer financial decisions while keeping consumers in control of their own data.” added Nic Bălăceanu.

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Experian is a global data and technology company that empowers people and businesses around the world. We help redefine lending practices, detect and prevent fraud, streamline healthcare, provide digital marketing solutions, and gain deep insights into the automotive market—all by leveraging our unique combination of data, analytics, and software. We help millions of people achieve their financial goals and save time and money. We operate in a wide range of markets, from financial services to healthcare, from the automotive industry to agrifinance, from insurance to many other industrial segments. We invest in talented people and cutting-edge technologies to unlock the power of data and drive innovation. Experian is a FTSE 100 company listed on the London Stock Exchange (EXPN), with a team of 25,200 people in 33 countries. Our headquarters are in Dublin, Ireland.

Lendrise is a Romanian financial technology and data company building infrastructure that helps consumers and businesses securely access, understand and use financial information. Founded in 2018, it connects consumer-permissioned data sources — including credit bureau information, Open Banking and digital identity — and has served more than two million Romanian consumers to date. Lendrise is a founding member of RoFintech and operates under ISO 27001 and ISO 27701.

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