Trended Data: Build a fuller picture of your customer’s credit…
A customer’s credit profile can improve or deteriorate over time…can you confidently say you know enough about your customer’s personal spending and payment history to accurately identify...
How insurance contributes towards financial inclusion and affordability
Financial inclusion, including affordability, is a core priority of regulators and businesses. Being able to offer the best-in-class experience and make accurate decisions is integral and an ongoing...
Understanding the supply chain of a decision
How insurance contributes towards financial inclusion and affordability Financial inclusion, such as affordability, is a core priority of regulators and businesses and is causing change. With changes...
5.8 are credit invisible, and 2.5 are excluded from finance…
In this blog, we explore how the lending industry can make credit more inclusive. More than 5.8 million people in the UK are excluded from large parts of the credit market, either because they have...
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...
Age, attitudes and the economy: a look at the factors…
When assessing affordability, the more you know about an individual’s financial situation and behaviours the better. But to understand how their affordability might change over time, and how you...
Generational divide, economic influence and a universal view of a…
There’s an opportunity across financial services to help people in many ways. While today’s economy could be described as ‘nervous’, people’s economic attitudes are somewhat indifferent....
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...
Innovation and opportunity: using open banking to drive better customer…
We’ve spoken at length about the advantages open banking will bring. How it will enable us to support our customers better, and improve credit access for those who have previously been excluded....
Risk in an open-data world
In our last White Paper: Rethinking affordability, we explored the increasing role of affordability in lending. At Experian, we welcome the FCA’s distinction between credit risk and...
Data + science = value, true value
When it comes to analytics, data science is front and centre of how a revolution is happening. The financial services, banking and insurance sectors all capture lots of data points and typically...
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...