Once upon a time, deciding whether to lend to a business or individual meant looking into their past. Did they repay previous loans in full and on time? How much money did they have coming in recently? But things have changed. To reduce risk and win new business, you need to understand the chances of a customer repaying you now as well as in the future. This can be a challenge in times of economic uncertainty.
It’s not a matter of gazing into a crystal ball but using the best data in the right way to make forecasts based on facts. Our market leading credit risk management solutions help you do this, so you can assess and monitor risk to protect your business in time and seize new opportunities.
It’s vital to understand the ongoing creditworthiness of the people and companies you do business with. From trailblazing credit scoring to data sets from around the world, we can help you assess and monitor their financial position quickly and completely.
Lower the risk of customers defaulting on loans
Learn about your customers from every angle
Use real time data to inform your decisions
Use economic data to get a clearer picture
Predict risk more accurately
Access unique tools and services
Our wide range of data sets, market leading tools and advanced technology help you stay a step ahead of risk.
Choose from a wide range of reports to understand the risk of doing business with UK companies and consumers.
Market leading suite of data and tools gives a complete picture of your customers. Predict future risks with greater accuracy.
Reap the benefits of lending responsibly to small businesses, which make up 99% of all businesses in the UK. Access credit, bank transaction and management account data through a single portal.
Include economic forecasts in your lending plans to more accurately predict risks. Meet increasingly demanding commercial and regulatory requirements.
Seize international business opportunities with confidence using reliable credit information from more than 225 countries, dependencies and territories. Comprehensive reports, profiles and data to help you win new business.
Use a powerful range of credit scores to quickly assess the financial health of existing customers, decide whether new applicants can afford to pay you back and limit risk.
Learn how data can help you make confident lending decisions when the economy is constantly changing. Understand how to reduce risk by keeping track of customers’ changing financial pressures.
Credit risk refers to the chance of a borrower failing to pay off debt in the agreed time, or at all. In other words, it means the risk of a borrower defaulting. There are many different types of credit risk, but key ones include: default risk (the chance of a borrower being unable to repay the full amount); concentration risk (the risk of default within a group of borrowers, for example, those in a particular industry).
Credit risk management is important to a business to reduce the chance of financial loss and reputational damage when customers fail to pay off their debts.
Banks can reduce credit risk by using data to find out the chance of existing and potential customers failing to repay their debts.
Affordability Checks & Assessments
Protect your customers and your business
Business Credit Checks & Reports
Discover more about your customers
Consumer Credit & Trended Data
Make smarter and faster lending decisions
Debt Collections, Recovery & Management Services
Minimise bad debt and support your customers