Rising persistent debt and arrears stems a need for lenders…
The financial services sector has a huge opportunity to better understand each applicant and customer today. The rise of data, and requisite analytical and technological power, provide new...
How can data sharing enhance credit risk modelling?
Data sharing can enhance credit risk modelling in multiple ways. Open Banking provides a much deeper understanding of an individual. Until now credit scoring has been built on the use of historical...
How categorisation and aggregation bring open banking to life
There’s a big opportunity around real-time exchange and aggregation of bank statements in association with other complementary data such as credit information. Part of the opportunity lies in...
Rethinking Affordability
One of the most important considerations facing us as an industry is how we manage responsible lending. Last year (2017), the Financial Conduct Authority (FCA) began consulting on proposed changes...
How Experian are accessing data to drive decisions
2018 is the year of data. The amount of data now available to make valuable and important decisions is huge. Experian provide a variety of powerful decisioning tools to enhance the to customer...
Don’t focus just on interest rates. There are many economic…
This time last year we were talking about the forthcoming squeeze on incomes. Inflation was comparatively low, and wage growth was quite strong. But, the latest economic data confirms that today...
The role and value of APIs in modern business
More data is in circulation than ever before and technological advancements have been significant in response to this. However, more than a third of businesses now express concern over how they can...
Commercial credit landscape: 3 areas of focus to survive and…
Commercial credit in the UK is undergoing huge change. It’s all about the customer. Providers creating a greater emphasis on customer experience will be sure to have an advantage. What’s...
Silos just won’t work anymore. But what will? Customer focus.
Figures show the people in the UK owed £1.532 trillion at the end of April 2017. This is up from £1.485 trillion at the end of April 2016 – an extra £886.84 per UK adult. May’s Office of...
What could a car industry remodelled around the digital customer…
Across multiple retail markets, businesses are refocusing operations to combat the disruptive effect of digital newcomers, who have thrived by providing exceptional service, convenience, and value...
Excellence in Credit Management through data insight
Faced with many potential sources of risk, all businesses need to take the time to consider what they can do to survive and flourish in this trading environment. At Experian, we are passionate about...
Zombies… what zombies?
I was drawn to a recent article in The Independent’s small business pages on corporate insolvencies entitled ‘It will take years to solve the zombie problem – if it...