01markets signs MoU with Dun & Bradstreet

BANGALORE: 01markets.com, Wipro Infotech's B2B service portal for IT, has

signed a memorandum of understanding (MoU) with Dun & Bradstreet India

(D&B India) to authenticate the credentials of portal users during online

trading.

As per the agreement, the business credentials and risk profiles of all

portal users desiring to participate in online trade will be checked by D&B

India. As part of the procedure, a D&B D-U-N-S Number will be provided to

all participants.

The D&B D-U-N-S Number, is a nine digit information sequence that is used

by Fortune 500 companies and international firms to identify suppliers,

customers and trading partners. Over 60 million D&B D-U-N-S Numbers are

reportedly in use globally. Participants in 01markets will also be assigned a

D&B India Indicative Risk Score, a risk assessment tool customized for

Indian business conditions. These scores are based on financial and

non-financial parameters.

"The IRS Model, powered by a large business database, will provide a

robust solution for assessing the credentials of participants on the portal.The

tie-up will also reinforce our credibility as one of the most reliable digital

marketplaces," says 01markets.com general manager of marketing &

content,Mythily Ramesh.