Tag: economy
“Learn how to learn.” One of Zack Kass’, AI futurist and one of the keynote speakers at Vision 2024, takeaways readily embodies a sentiment most of us share — particularly here at Vision. Jennifer Schulz, CEO of Experian, North America, talked about AI and transformative technologies of past and present as she kicked off Vision 2024, the 40th Vision. Keynote speaker: Dr. Mohamed El-Erian Dr. Mohamed El-Erian, President of Queens’ College, Cambridge and Chief Economic Advisor at Allianz, returned to the Vision stage to discuss the labor market, “sticky” inflation and the health of consumers. He emphasized the need to embrace and learn how to talk to AI engines and that AI can facilitate content, creation, collaboration and community Keynote speaker: Zack Kass Zack Kass, AI futurist and former Head of Go-To-Market at OpenAI, spoke about the future of work and life and artificial general intelligence. He said AI is aiding in our entering of a superlinear trajectory and compared the thresholds of technology versus those of society. Sessions – Day 1 highlights The conference hall was buzzing with conversations, discussions and thought leadership. Some themes definitely rose to the top — the increasing proliferation of fraud and how to combat it without diminishing the customer experience, leveraging AI and transformative technology in decisioning and how Experian is pioneering the GenAI era in finance and technology. Transformative technologiesAI and emerging technologies are reshaping the finance sector and it's the responsibility of today's industry leaders to equip themselves with cutting-edge strategies and a comprehensive understanding to master the rapidly evolving landscape. That said, transformation is a journey and aligning with a partner that's agile and innovative is critical. Holistic fraud decisioningGenerative AI, a resurgence of bank branch transactions, synthetic identity and pig butchering are all fraud trends that today's organizations must be acutely aware of and armed to protect their businesses and customers against. Leveraging a holistic fraud decisioning strategy is important in finding the balance between customer experience and mitigating fraud. Unlocking cashflow to grow, protect and reduce riskCash flow data can be used not only across the lending lifecycle, but also as part of assessing existing portfolio opportunities. Incorporating consumer-permissioned data into models and processes powers predicatbility and can further assess risk and help score more consumers. Navigating the economyAmid a slowing economy, consumers and businesses continue to struggle with higher interest rates, tighter credit conditions and rising delinquencies, creating a challenging environment for lenders. Experian's experts outlined their latest economic forecasts and provided actionable insights into key consumer and commercial credit trends. More insights from Vision to come. Follow @ExperianVision and @ExperianInsights to see more of the action.
In March's State of the Economy report, we provide insights into consumer spending, the housing market, originations, and more.
There’s an undeniable link between economic and fraud trends. During times of economic stress, fraudsters engage in activities specifically designed to target strained consumers and businesses. By layering risk management and fraud prevention tools, your organization can manage focus on growing safely. Download infographic Review your fraud strategy
People are more than just their credit scores. Are you getting the full picture? Download our guide to learn more.
Download our report to learn why alternative credit data is supplemental and essential to consumer lending and how it’s being used by consumers and FI's.
Learn about some specific Experian solutions that are especially timely for lenders strategizing their response to the COVID Recession.
Listen to our podcast for insight into the importance of having a different perspective when tracking the national economy.
In our July edition of the State of the Economy report, we’ll be breaking down the data that financial institutions can use to navigate a recovery.
The housing sector, in particular, looks poised to regain momentum and perhaps lead the path towards stabilization in the second half of 2020.
Some segments of the financial markets are beginning to bet that the Federal Reserve will take interest rates negative for the first time in U.S. history.
With a recession on the horizon, economists are using different scenarios to predict economic recovery. Learn more about the 4 potential outcomes.
The first round of stimulus through the Paycheck Protection Program provided relief for many small businesses around the country.
Historically, economic hardships have directly impacted loan performance. Are you prepared to navigate and successfully respond to the current environment?
Learn the benefits of leveraging alternative credit data to better assess risk at the onset of the loan decisioning process. Read more.
The need for a COVID-19 response is high. This blog series will outline key areas to focus on including risk, consumer behavior, compliance and operations.