Tag: automated decisioning
With automated income verification, lenders can approve more applicants quickly and provide exceptional digital experiences. Learn more!
Financial institutions need an automated, data-driven solution to simplify and streamline the online form completion process.
Discover the different options and routes you can take to improve your debt collection process, enhance decisioning and maximize profitability. Read more!
For banks, remaining competitive doesn’t just involve enhancing their processes — it requires investing in the future of their business: Gen Z.
To increase efficiency and digital customer acquisition, forward-thinking lenders are seeking flexible technologies that enable automated decisioning.
With the right technologies and solutions, rental housing operators can manage risk and create better experiences for prospective renters.
To drive growth and customer retention in today’s competitive landscape, financial services must optimize their customer acquistion strategies.
Experian’s Ascend Intelligence Service platform has been named “Best Consumer Lending Product” in the sixth annual FinTech Breakthrough Awards.
In today’s evolving and competitive market, the stakes are high to deliver both quantity and quality. That is, to deliver growth goals while increasing customer satisfaction. OneAZ Credit Union is the second largest credit union in Arizona, serving over 157,000 members across 21 branches. Wanting to fund more loans faster and offer a better member experience through their existing loan origination system (LOS), OneAZ looked to improve their decisioning system and long-standing underwriting criteria. They partnered with Experian to create an automated underwriting strategy to meet their aggressive approval rate and loss rate goals. By implementing an integrated decisioning system, OneAZ had flexible access to data credit attributes and scores, resulting in increased automation through their existing LOS – meaning they didn’t have to completely overhaul their decisioning systems. Additionally, they leveraged software that enabled champion/challenger strategies and the flexibility to manage their decision criteria. Within one month of implementation, OneAZ saw a 26% increase in loan funding rates and a 25% decrease in manual reviews. They can now pivot quickly to respond to continuously evolving conditions. “The speed at which we can return a decision and our better understanding of future performance has really propelled us in being able to better serve our members,” said John Schooner, VP Credit Risk Management at OneAZ. Read our case study for more insight on how automation and Experian Decisioning can move the needle for your organization, including: Streamlined strategy development and execution to minimize costly customizations and coding Comprehensive data assets across multiple sources to ensure ID verification and a holistic view of your prospect Proactive monitoring and real-time visibility to challenge and rapidly adjust strategies as needed Download the full case study
Whether looking to increase resources or focus on artificial intelligence and machine learning, growth is the name of the game.
Experian has made the IDC 2021 Fintech Rankings Top 100, highlighting the best global providers of financial technology. Read more!
Incorporating artificial intelligence and machine learning into your business strategy can improve decisioning and reduce risk. Read more.
We surveyed consumers and businesses worldwide about they are stabilizing their finances and returning to growth for our new Global Decisioning Report.
To grow in today’s economic climate and beat the competition, financial institutions need to update their acquisition and cross-sell strategies.
Differentiating good customers facing financial struggles from bad actors is getting more difficult, highlighting the need for effective decisioning tools.