Chicago, 20/10/2005

Based on a common web framework, iCRS is extremely scalable and flexible, allowing developers to modify and adjust components of the system to meet needs of the bureau and the country in which it operates. The system was built using some of the best technology and processes from around the globe in countries where TransUnion and CRIF operate, including the U.S., Canada, Hong Kong, Italy and throughout continental Europe.

"The beauty of iCRS for international bureaus is that it removes redundancies in processing of credit information and eliminates the need to support disparate technologies," said Larry Howell, president of Europe and Asia, TransUnion. "Additionally, enhancements made to the iCRS in one country can easily be shared across borders, allowing developers throughout the world to take advantage of new technology and processes for their respective bureau."
HROK in Croatia marks the third deployment of iCRS in this year, with the first two being Thailand and Russia.
"We look at the deployment of iCRS for HROK as the first of many steps we can take together to bring additional services and technology offerings to this market," said CRIF's Fabrizio Fraboni, director, international division. "Moreover, we are very proud to contribute to the development of retail banking market in Croatia, making possible a future growth of credit risk management culture which will be a benefit for both lenders and consumers".
Founded by 20 Croatian banks under the auspices of the country's banking association, HROK represents more than 90 percent of the retail banking market.
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