Collections – the challenges and the opportunities
Right across the financial industry, collections teams are bracing themselves for an incredibly challenging period. How can collections adapt, survive and thrive in the COVID-19 economy and what will...
Supporting your customers in times of hardship; what does this…
We have shared the severity of impact caused by the covid-19 pandemic. From an economic, and financial perspective, its implications have caused immediate, and lasting impact. Today, a...
Credit market perspectives and challenges
An Experian research report exploring trends of firms’ and consumers The coronavirus pandemic has had a dramatic effect on global economies, driving a comprehensive and lasting shift in consumer...
July economic update – an interview with Experian’s Chief Economist
What has changed in the economy in the last few weeks The news of recent weeks suggests the economy is starting to grow. As the UK starts to emerge out of lockdown, and businesses start to reopen,...
Business resilience podcast episode 5: The changing SME credit landscape
The changing SME credit landscape The impact of the Covid-19 pandemic has and will continue to change our lives. For many businesses trading is different to pre-covid, with increased costs to fund...
Drive proactive portfolio management and support trade credit customers with…
The importance of Trade Credit and the impact of Covid-19 B2B businesses are a substantial contributor to the UK economy. It’s estimated that 40% of UK businesses derive all or most of their...
Empowering your customers to take control of their financial health
What customers want from every provider Pre-Covid people were already financially exposed, and while the levels of delinquencies were stable there was stress building in the financial system – the...
Scenario modelling, stress testing and IFRS 9 – updating in…
Relevant scenario modelling In today’s world, we need to be more forward thinking than ever and the current climate, which none of us could have predicted, has meant scenarios led purely by macro...
How can you quickly understand what the pandemic means for…
Nearly every business has felt the impact of the market or economic reaction to Covid-19. Some businesses are seeing these impacts as a short to mid-term challenge whereas others see their entire...
The impact of Covid-19 on Data Quality in CAIS submissions
Good data quality is essential. The better it is, the more value you can extract from it. However, in our recent Data Management report we found that only half of the...
How do I determine, or identify, who to lend what…
Balancing lending terms can be a complex calculation. Get the mix right and it can be rewarding for both you as an organisation, and your customer. As time changes, so does business appetite and...
The impact of income shock on consumers
As the effects of the COVID-19 pandemic ripple through the UK economy, income shock is felt by a significant proportion of the population. Business closures, job losses and massive income uncertainty...