Credit Risk Management

Seller beware

Posted on Jan 31 2013 by

Jonathan Westley, managing director of Experian’s Consumer Information Services business, outlines the impact and remit of the Financial Conduct Authority.

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Cementing global customer insight

Posted on Jan 08 2013 by

Selling across borders has become crucial and is now virtually mandatory for most retailers looking to increase revenues and international income streams. We outline our latest areas of coverage.

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The Mortgage Market Review: What are the implications of increased regulation

Posted on Dec 21 2012 by

After much consultation the FSA published its final version of the Mortgage Market Review on October 25th. The new rules arising from the Mortgage Market Review (MMR) will not change who will be lent to, but rather prescribe a more robust approach to income verification and affordability assessment.

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Santa is a fraud

Posted on Dec 18 2012 by

Santa is a fraud. Just look at the warning signs, says device recognition specialist and Experian international partner iovation. It identifies one billion mobile devices globally and currently conducts 2.5 billion device reputation checks a year. It enables clients to assess the likelihood of transactions being fraudulent based on the device from which an application is made. Its sophisticated real-time risk assessment analytics stops some 150,000 potential online fraud attempts each day.

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Post-Christmas sales set to highlight retailers’ unholy trinity – Tolerance versus convenience versus security

Posted on Dec 17 2012 by

Given the ongoing economic squeeze on many households, tolerance, convenience and security are now the three critical issues and of acute importance for retailers and ecommerce sites.

The dilemma faced is epitomised by three separate findings made by Experian. On the one hand online shoppers will tolerate up to four minutes of checks before abandoning their transaction. But despite ecommerce’s relative convenience, it is estimated that more than £1 billion worth of online transactions were abandoned as customers got frustrated at delays.

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UK Labour Market Statistics – December release

Posted on Dec 12 2012 by

The recent momentum in labour market trends is rapidly easing in line with our expectations. While today’s labour market release still shows a rise in employment in the three months to October, the magnitude of this increase (of 40,000) is disappointing compared to earlier rises of 100,000 and 212,000 seen in the three months to September and August, respectively.

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Wealthiest owe millions in unpaid council tax

Posted on Dec 12 2012 by

New research from Experian reveals that some of the most affluent sections of society owe millions of pounds in unpaid council tax.

Experian has analysed £170 million of outstanding council tax debt owed to a broad range of rural and urban local authorities across England. The analysis revealed that 17 per cent (£28 million) is owed by people from the most affluent sections of society. When applied to all outstanding council tax in England last year, (£600m), the research suggests that almost £100m is owed by the most affluent sections of society.

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Innovation in a competitive climate: can you rise above the competition?

Posted on Dec 11 2012 by

The face of lending is changing noticeably. Since the credit crisis of 2007, managing risk is high on the agenda and banks are rightly tentative about extending credit. New regulations imposed by the Financial Services Authority (FSA), mean that lending has to be even more responsible with greater focus on affordability and selling the right products. The multitude of alternative lenders on the scene means that customers have more choice in their borrowing – they’re easily provided with quick decisions and flexible products to bridge short-term gaps.

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The Chancellor’s Autumn Statement 2012

Posted on Dec 06 2012 by

The Chancellor again faced a challenging background in presenting his Autumn Statement today as a stagnant economy over the past year shifted his deficit reduction strategy further off course. Missed targets meant that, as in last year’s Statement, the austerity programme has been extended to allow room for manoeuvre in boosting the flagging economy.

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Mortgage fraud set to surge in 2013 and will hit highest level ever

Posted on Dec 04 2012 by

Experian predicts there will be a dramatic increase in attempted mortgage fraud in the UK next year, bringing the number of people fraudulently trying to obtain home loans to the highest level since records began in 2009.

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