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Experian and eBureau Partner to Offer New Credit Scoring Tool |
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Written by News watch
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Tuesday, 18 March 2008 |
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Experian® announced a partnership and the launch of Emerging
Credit ScoreSM, a new credit scoring tool to assist lenders in evaluating the
creditworthiness of unbanked and underbanked consumers. The partnership is part
of Experian's pioneering initiatives to provide lenders with advanced, accurate
and cost-effective tools for evaluating the financial risk of new and emerging
consumer segments.
Through the partnership, Emerging Credit Score will rely on
the aggregation of Experian's traditional credit data and eBureau's alternative
consumer credit, payment and identity data. Using eBureau's eScore technology,
the score will evaluate the purchase and payment histories of consumers with
little or no credit history, providing an increasingly granular view of the
thin-file and no-file consumer segment. By scoring a higher percentage of
consumers, Emerging Credit Score helps credit grantors grow their customer base
by effectively qualifying more prospects within this underserved population.
Emerging Credit Score is the first solution in the
market addressing the underserved consumer that couples alternative data with
the breadth and quality of Experian's traditional credit data. Experian's
delivery approach distinctly offers an integrated solution that eases implementation
and minimizes operational impact on clients' existing systems and decisioning
processes. Clients can rely on Experian to support their growth strategies in a
disciplined fashion, giving them a more holistic perspective of a consumer's
financial relationships. In effect, this highly predictive risk score optimizes
the ability to effectively expand the universe of underserved applicants and
prospects as these consumers gain momentum in their pursuit of affordable
financial services.
Related Items:
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Experian Acquires N4 Solutions
Experian Adds Commercial and Consumer Information
Experian and PlaNet Finance Promote Credit Bureau
Experian Announces Interim Management Statement, F
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Last Updated ( Tuesday, 18 March 2008 )
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