The progressive development of the Greek economy and the banking
system have led to the Greek Banks demand for access to reliable
and accurate credit related data. Over the years, the importance
of such data has become clear; it protects credit financial institutions
and reduces the risk from insolvency. Therefore, it benefits both
the clients and the banks. As a result, nearly all Greek Banks confunctioned
to create "Tiresias", a company entrusted with the development and
management of a reliable Credit Profile Databank.
Tiresias was formally founded on September 1977
as a non-profit organisation, and has been operating as a joint
stock (SA) company, yet fully maintaining the philosophy of a genuine
non-profit organisation while securing the necessary preconditions
for its further development.
Today, Tiresias specialises in the collection
and supply of credit profile data on corporate entities and private
individuals and the operation of a risk consolidation system regarding
consumer credit. Additionally, the company develops interbanking
information systems and provides information and communication services
to all concerned parties.
Tiresias is an interbanking company, meaning that
only credit institutions and their subsidiaries who are actively
leasing, factoring, or managing consumer credit products and payment
means, on behalf of the mother institutions, can become shareholders.
The shareholders of the company include all major Greek Banks.
Tiresias main targets are:
1. The development and operation of information systems aiming at
- promoting and safeguarding the statute of credit provided by
- supporting reliable transactions, and consequently, the smooth
functioning of the market.
- contributing to the reduction of insolvency risks to the benefit
of the banking system and its clients.
- contributing to the prevention and detention of fraud in banking
and credit card transactions.
- the provision of accurate information of economic behavior to
ensure liability and security of financial transactions.
2. The management and provision of products and services produced
by its information systems.
In compliance with its philosophy, Tiresias attaches
utmost importance in assuring accuracy and reliability in its data.
Thus, it can meticulously contribute to the protection of bank credit,
support reliable financial transactions, and safeguard the citizens'
In order to accomplish its mission, Tiresias,
being fully aware of the importance of its service of public interest
and the necessity of the strict implementation of its Data Processing
Regulation (DPR), strictly abides by the following operational principles:
- Absolute transparency of the database's operational
principles and their strict application.
- Full assurance of the database's objectivity,
whose access is controlled by security mechanisms.
- Respect and protection of civil rights and
provision of all possible assistance to the interested parties
for exercising their rights, as defined by law regarding personal
- Provision of data that is characterized by
objectivity and precision.
TIRESIAS ensures the high quality and safety of services for its customers by systematically optimizing its processes and operations.
The Quality Management System currently implemented by TIRESIAS is compliant with ISO 9001: 2015 and assessed by the internationally recognized organization Lloyd's Register LRQA.