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INSIDE THE CITY

Credit where it’s due at Experian

The Sunday Times

Brian Cassin has tried to make the best of a bad situation. The chief executive of Experian, one of the world’s biggest credit checking agencies, is putting the FTSE 100 company’s vast troves of data to good use during Covid-19.

Experian is working with the government to provide free reports on credit volumes so the Treasury can assess the state of lending.

It’s not all altruism: Experian is looking to monetise more of its data, too, to shift the multinational business beyond its expertise in credit checking and expand its income streams.

In June, it launched a service with consulting firm Oliver Wyman to help American lenders forecast potential losses from the deteriorating economy.

The Dublin-domiciled giant, which has a market value of £25bn, is