The objective of the partnership is the development of new, modern products and services for the Greek market, leveraging Equifax’s expertise, platforms, and international best practices in combination with the reliable data of Teiresias. These solutions are expected to contribute to the improvement of the credit-granting process, the promotion of sound lending, and enhanced fraud protection for businesses, individuals, and the financial system as a whole.
According to the announcement, the collaboration focuses on advanced technological applications that will enable businesses and financial institutions to make faster and more accurate credit-related decisions, facilitating the assessment of both existing and prospective customers. Particular emphasis is placed on small and medium-sized enterprises (SMEs), for which a comprehensive system for monitoring financial behavior and customer payment patterns is being designed, with the aim of early identification of default risks and the safeguarding of liquidity.
At the same time, the partnership will introduce advanced real-time cyber fraud prevention services to the Greek market, covering all stages of e-banking and electronic transactions. These services will be offered to both financial institutions and businesses, while smart tools for individuals are also envisaged, enabling the detection of potential personal data breaches on the dark web or across public networks.
The Chief Executive Officer of Teiresias, Ilias Xirouchakis, described the partnership as a “vote of confidence in the Greek economy,” noting that it strengthens Teiresias’s institutional role and paves the way for new, innovative services with strict adherence to the regulatory framework and data protection requirements. As he emphasized, the agreement marks a new chapter in the Greek credit market, where transparency, reliability, and technology converge for the benefit of society and entrepreneurship.
From Equifax’s side, Craig Tebbutt, Chief Strategy & Innovation Officer of Equifax UK, underlined that the collaboration will further enhance Teiresias’s role as a strategic pillar of the Greek economy, leveraging enriched data, advanced analytics, and cloud technology to improve trust and the quality of financial decision-making.
Teiresias clarified that the partnership does not entail any change in its shareholding structure or institutional role, as it retains full control over the data it maintains, in full compliance with Greek and European regulatory frameworks.
