When submitting data to a credit bureau, data quality is essential. Inaccurate or incomplete data can have a significant impact on the way consumers or businesses are represented in the credit market. In light of the COVID-19 pandemic and its financial consequences, CAIS members have been confronted with a new layer of complexity introduced by payments holidays.
As CAIS members, organisations are required to adhere to CRA reporting specifications, data protection legislation and industry data reporting guidance. As such, subscribers are responsible for the quality, completeness and accuracy of the data supplied. Not only can inaccurate or incomplete submissions lead to poor customer experience, challenges in customer management or have negative regulatory impact, but in the case of customers on payment holidays, lenders could be at risk of submitting data that will adversely affect a consumer or business’s credit score.
Watch this webinar to find out how Experian can help customers meet their data sharing obligations in the current challenging environment created by the COVID-19 pandemic.
In this webinar, our panel of Experian’s Data Quality Product and Consultancy experts will discuss:
- Market trends and the impact of COVID-19
- CAIS Data Quality Challenges and how Aperture Data Studio can help
- Aperture Data Studio – Data Quality for CAIS Demo