© Reuters. FILE PHOTO: Experian emblem is seen on a smartphone in entrance of displayed similar emblem on this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustration/File Photograph
(Reuters) -Credit score knowledge agency Experian (OTC:) posted a 9% rise in third-quarter income on Tuesday, powered by robust demand for its new merchandise and enterprise wins, particularly within the Latin America area.
Experian’s key clients embrace banks, non-traditional lenders and insurance coverage suppliers, which use its credit score experiences and scores to analyse and make selections round credit score threat, fraud prevention and lending phrases for his or her shoppers.
To offset weak spots within the lending market throughout the U.S. and the UK, the corporate has been specializing in rising its Latin America enterprise and providing new knowledge units and evaluation instruments.
For the three months ended Dec. 31, natural income from Latin America grew 13%, Experian stated.
The corporate additionally now expects its annual natural income to develop between 5% and 6% at fixed change charges, in comparison with an earlier forecast of 4%-6% development.