Porsche Financial Services Selects Experian-Scorex to Help it Connect to its Customers

COSTA MESA, Calif., March 8 -- Porsche Financial Services GmbH (PFS) has announced that it plans to strengthen its financial management with the implementation of the Connect+(SM) solution from Experian-Scorex. Connect+ will be used in the new business application process to enable PFS to obtain up-to-date customer information from local credit bureaus, combine it with details from the application, and apply credit scoring and policies -- all of which will allow PFS to make rapid and appropriate decisions about applications for car leasing and financing.

PFS will initially use Connect+ to support its business in Germany, Italy and the U.S. from its base in Bietigheim-Bissingen, with Experian-Scorex also delivering the credit scoring models that PFS will use within Connect+.

Porsche Financial Services GmbH, is a fully owned subsidiary of the Porsche AG Stuttgart. It provides a range of financial services from motor finance and leasing to car insurance and credit cards. PFS operates worldwide.

Connect+ offers a fully integrated set of risk management and information services solutions specifically designed to connect to external data sources, including credit bureaus, and provide powerful predictive scores to enable an organization to determine the likelihood of a customer repaying their debt. Sophisticated logic within Connect+ enables only relevant data to be accessed from different sources and integrated to create one single view of the customer. With links to more than 70 credit bureaus worldwide, Experian-Scorex is able to offer the depth of data required by lending organizations to process each application in seconds. Connect+ adds intelligence to the data through models for risk, fraud or other purposes and decisioning for application processing and customer management.

"For an international company like PFS, Connect+ is an ideal cross border solution," said Gary Kearns, president, Experian-Scorex Americas. "Connect+ will enable PFS to manage and control its lending decisions centrally but use local market data to ensure that its lending decisions are appropriate and profitable. Porsche is an internationally prestigious and respected name and we look forward to working closely with them to support their international business."

About Porsche Financial Services

Porsche Financial Services GmbH (PFS), located in Bietigheim-Bissingen, is a fully owned subsidiary of the Porsche AG Stuttgart. It provides a range of financial services from motor finance and leasing to car insurance and credit cards. PFS operates worldwide.

About Experian-Scorex

Experian-Scorex is a global leader in decision-support solutions, delivering billions of customer decisions annually for clients in more than 60 countries. By integrating predictive analytics, decision-support technologies and strategy optimization, Experian-Scorex provides solutions that enrich customer data and allow organizations around the world to proactively manage their relationships with their clients. Used across the entire Customer Life Cycle, Experian-Scorex's solutions enable organizations to manage and control credit risk and fraud, reduce operational costs and increase overall profitability. Experian-Scorex works closely with clients across diverse industries, including financial services, telecommunications, retail, leasing, automotive, insurance and utilities.

As part of the global Experian organization, Experian-Scorex maintains connectivity with more than 70 credit bureaus worldwide. Additionally, with 30 offices around the world, it is uniquely qualified to support local, national, regional and global businesses. Its global headquarters are in Nottingham, UK; Monaco; and Costa Mesa, Calif., USA. For more information, visit the company's Web site at www.experian-scorex.com.

Experian-Scorex is an Experian company. Experian's 12,000 people support clients in more than 60 countries, and annual sales exceed $2.5 billion. For more information, visit the company's Web site at www.experian.com.