Credit data firm Experian posted a 9% rise in third-quarter revenue on Tuesday, powered by strong demand for its new products and business wins, especially in the Latin America region.
Experian's key customers include banks, non-traditional lenders and insurance providers, which use its credit reports and scores to analyse and make decisions around credit risk, fraud prevention and lending terms for their clients.
To offset weak spots in the lending market across the U.S. and the UK, the company has been focusing on growing its Latin America business and offering new data sets and analysis tools.
For the three months ended Dec. 31, organic revenue from Latin America grew 13%, Experian said.
The company also now expects its annual organic revenue to grow between 5% and 6% at constant exchange rates, compared to an earlier forecast of 4%-6% growth.
This article was from Reuters and was legally licensed through the DiveMarketplace by Industry Dive. Please direct all licensing questions to legal@industrydive.com.