Hitachi Capital sign three year deal with Callcredit

Callcredit Information Group has agreed a three year deal with Hitachi Capital to provide a range of innovative credit risk, affordability and fraud products for use in the assessment of consumer credit applications.

Hitachi Capital's Consumer Finance division, who provide retail finance solutions to a wide range of well known high street retailers and online e-tailers, will use Callcredit's unique and widely-respected over-indebtedness tool, The Affordability Check. This will aid Hitachi Capital with gaining a greater understanding of whether an applicant is already reaching the limits of their affordability, as well as indicating salary accuracy and providing summary bureau data.

Callcredit will also provide anti-money laundering checks to protect retailers against fraud and comprehensive credit data for utilisation in risk assessments.

Andrew Davies, head of risk at Hitachi Capital, said: "We pride ourselves on delivering excellent customer service and innovative products and we're delighted to be working with Callcredit who share the same values and whose unique products will help to enhance our customer service even further."

Graham Lund, managing director of Callcredit, said: "We are delighted to be able to help Hitachi Capital deliver successful finance products for their retail clients. We have worked hard to develop a suite of robust and industry-leading products and we're thrilled that Hitachi Capital recognises the real value our products can add. We look forward to a long and fruitful partnership."