Akcelerant Selects Experian's Powerful Suite of Collection Services to Enhance Recovery Efforts

Malvern, PENNSYLVANIA – Akcelerant, a provider of connected software applications for the financial services industry, and Experian®, a global information services provider, announced today Akcelerant’s integration of Experian’s comprehensive suite of collection services into the Akcelerant Framework.  By partnering together, Akcelerant’s customers will have access to Experian’s multiple collection tools including consumer data information, collections scoring models and advanced analytics in order to make more strategic financial decisions.  

The initial implementation will be with Experian’s innovative Collection Advantage product that provides financial institutions with the ability to rapidly obtain predictive collections information that maximizes results through enhanced portfolio segmentation.

Through the integration with the Akcelerant Framework, an industry recognized collection management system, customers will now have accessibility to greater and more current credit data including up-to-date consumer contact information and public records data. Customers will also now have access to credit scores and attributes, an increased ability to track delinquencies and improved skip tracing capabilities.

Experian’s suite of collections services increases recovery of collectible dollars while reducing operating costs, effort and time by streamlining the collections process. The final integration will be named CONNECT.COLLECTION ADVANTAGE.

“We are excited to add Experian Collection Advantage to our growing list of Framework connectors,” states Jay Mossman, President and CEO of Akcelerant. “This integration will provide our customers with a streamlined process to gather important account information directly through the Akcelerant Framework. We expect this to be one of many new enhancements utilizing Experian’s vast data information warehouse as we expand our business relationship with this partner.”

“We recognize that Akcelerant is a leader in the credit union and financial services space and are pleased to be collaborating with them to enhance their current collection tools and services,” said Steven Wagner, president, Consumer Information Services, Experian.   “During this challenging economic environment, Experian’s vast data resources and analytical capabilities will further assist Akcelerant’s customers in creating and implementing strategies to make critical financial decisions.  We will work hand-in-hand with Akcelerant in providing a seamless delivery of services to their customers.”

 
About Akcelerant Software
Akcelerant, with offices in Malvern, Pennsylvania and Vancouver, British Columbia, provides connected software applications to the financial services industry through multiple product lines and integration to best-of-breed service providers. Akcelerant services approximately 400 credit unions and banks in almost all 50 states and Canada.  For more information about Akcelerant, visit www.akcelerant.com.
 

About Experian
Experian is a global leader in providing information, analytical and marketing services to organizations and consumers to help manage the risk and reward of commercial and financial decisions.

Combining its unique information tools and deep understanding of individuals, markets and economies, Experian partners with organizations around the world to establish and strengthen customer relationships and provide their businesses with competitive advantage.

For consumers, Experian delivers critical information that enables them to make financial and purchasing decisions with greater control and confidence. Clients include organizations from financial services, retail and catalog, telecommunications, utilities, media, insurance, automotive, leisure, e-commerce, manufacturing, property and government sectors.
 
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Experian has corporate headquarters in Dublin, Ireland, and has operational headquarters in Costa Mesa, Calif., and Nottingham, UK. The Group employs approximately 15,500 people in 38 countries worldwide, supporting clients in more than 65 countries around the world. Revenue for the year ended March 31, 2008, was $4 billion.
 
For more information, visit http://www.experianplc.com.