AUCKLAND, 10 May 2011 – World-leading data-matching technology developed in Auckland has won credit bureau Veda Advantage a contract to build Cambodia’s first credit bureau.
The company secured the contract in a global tender and negotiations have seen it become a 49 percent shareholder in the credit bureau, which is due for delivery this year.
Managing Director John Roberts says Veda competed with the world’s top 10 credit bureaus to win the contract which he says was won on the quality of its intellectual property and technology platform especially its matching routines.
“This says we are globally best in class which is a huge endorsement for the work of Veda’s international technology support desk working around the clock from the company’s Auckland office.”
The deal is initially worth $2 million but will grow annually as Cambodia’s economy grows.
Co-investors in the bureau are the Association of Banks in Cambodia and the Cambodia Microfinance Association.
No comments:
Post a Comment