The economic crisis that has hobbled the world to some extent has been attributed to the lack of information available about the credit worthiness of borrowers. Whether that’s true or not is debatable, but one thing is for sure: outdated information can cost a financial institution a lot of money.
To help overcome some of the problems associated with dated information, Experian recently unveiled IntelliView, an interactive, Web-based query, analysis and reporting tool.
The goal of this service from Experian is to give organizations the best available information 24/7 for several lending categories, including automotive, bankcard, first mortgage, second mortgage home-equity lines of credit, and personal loans and retail card.
This information will be part of Experian’s aggregated quarterly consumer data.
The information is sourced from market intelligence reports that can be accessed by financial professionals so they can mine relevant information from the data and use it as part of an overall strategy to make informed and more accurate decisions.
“In today’s extremely competitive digital world, business analysts want information when they want it, the way they want it. Nowhere is this more evident than in the financial services sector, where the power of information helps risk and portfolio managers improve strategies and make better business decisions every day,” said Jeff Price, senior vice president of product management, Experian Decision Analytics.
The platform can be customized and configured to give different levels of users permission to the information they’re allowed to access.
IntelliView offers more than 400 Experian - Oliver Wyman (News - Alert) Market Intelligence Report data in graphs and charts, which can be customized in different metrics to meet one’s particular needs. The data can be viewed by geographical location, industry, time period and VantageScore credit score.
This and other sets of data remove the guess work from costly financial mistakes.
The global economy and availability of such a massive amount of information means it is complicated even for the most knowledgeable of experts. Getting your information from an aggregated source by a reliable wire means you’ll be protecting your investment when you make decisions.
The report provides:
- Benchmarking and forecasting – different metrics to show how the industry is doing as a whole for creating benchmarks, forecasts and stress testing so they can be used to determine possible profit and loss scenarios
- Credit segment – detailed information about legislation and the impact they will have on credit metrics and comparison benchmarks
- Quarterly updates – full-time monitoring to give professionals the latest trend analysis for creating credit policies
Jeff Price went on to say, “Never before have financial professionals had this amount of pertinent data at their disposal that can be categorized and evaluated according to specific needs. IntelliView creates value for our clients by allowing them to evaluate new markets, acquire new customers and maximize existing customer relationships for sustained portfolio growth.”
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Edited by Braden Becker