Daily alerts prove popular as Callcredit scoops award

CallMonitor wins Best Use of Technology Award.

Callcredit won the Best Use of Technology Award for its unique daily alerts product at the Credit Today Awards held last night in London. Developed based on extensive client consultation, CallMonitor enables lenders to monitor events such as missed payments, significant total balance changes, new CCJs, bankruptcies and CIFAS filings on a daily basis.

Users of CallMonitor have found that they receive knowledge of an event via a CallMonitor alert six to eight weeks before they do on a monthly file. The timeliness of the product enables lenders to take risk mitigating actions at a much earlier point; ensuring lenders are minimising bad debt losses and treating customers fairly.

Callcredit Managing Director Graham Lund said, "We're immensely proud to pick up this award in a very tough category. Callcredit's industry leading daily alerts have now become recognised as the norm, and best practice, by our clients. CallMonitor is an essential aid to effective responsible lending, meaning lenders can take proactive action to protect consumers from sliding into over-indebtedness.

He added: "The use of new technology that moves away from legacy systems means that Callcredit can offer more innovative, cost effective solutions which can be rapidly deployed, representing a significant competitive advantage in today's fast changing financial world. Callcredit's pioneering approach is shaping the future of consumer credit information."

Callcredit's technology is significantly different to other UK credit reference agencies. Callcredit is a Microsoft Gold Certified Partner with one of the largest Microsoft SQL server installations in the world. Developed using Microsoft technology, Callcredit achieved a rapid arrival in the marketplace- its system runs at a constant level of high performance, providing comprehensive, real-time information to clients. Competitors with mainframe based solutions have taken 20 years to establish the type of system that through Callcredit's innovative choice of technology has been created in just eight years.

ENDS

Notes

To find out more about CallMonitor or any other Callcredit product, visit www.callcredit.co.uk or to speak to an expert in daily alerts call 0113 244 1555 or email creditrisk@callcreditgroup.com

About Callcredit

• Callcredit is the UK's most innovative and customer-focused credit reference agency, with an established reputation for service differentiation; focusing on listening to clients and creating innovative solutions that deliver real business value. Find out more at www.callcredit.co.uk

• Callcredit is one of six core businesses that form the Callcredit Information Group (CIG). CIG brings together experts across the fields of credit referencing, marketing services, interactive solutions and consultative analytics to enable our client base of businesses and consumers to make informed decisions using our innovative products and services.
www.callcreditgroup.com

• Callcredit Check is the consumer arm of credit reference agency Callcredit, providing consumers with instant online access to their credit report and services to help them monitor their credit status.
www.callcreditcheck.com