CIBIL unveils new risk management product

 It will help member banks to enrich their customer contact information to enhance efficiency of the collection process, improve customer contactability, and achieve better bottom line results. 

CIBIL Locate Plus reports will provide comprehensive information such as customer identification details, customer contact addresses along with the reported dates and all the customer contact numbers available in the CIBIL database. For banks and credit grantors managing contact information of existing and potential customers proves challenging owing to the huge population and demographic and geographic diversity.

Locate Plus gleans the power of CIBIL’s information repository to provide the right information at the right time to enable member banks to tap the most promising opportunities to grow business, said CIBIL in a press release. By using the data member banks can eliminate the time consuming and costly information management process and enrich their data bank with the most updated and reliable information from CIBIL.