What Does Alternative Credit Data Mean For Lexisnexisв Riskођ When alternative credit data is combined with advanced analytic. models, the result is a credit assessment that delivers highly predictive, unique insights that enhances traditional credit data. to optimize business outcomes. this incremental, predictive evaluation can give you a fuller picture of an individual’s creditworthiness needed to. Download the white paper to see what a recent aite group survey found as some of the other top challenges leading consumer lenders anticipate and how they are leveraging alternative data to drive growth in an uncertain market. this white paper is presented by lexisnexis® risk solutions on behalf of the author. the opinions may not represent.
Alternative Credit Data Lexisnexis Risk Solutions When alternative credit data is combined with advanced analytic models, the result is a credit assessment that is both highly predictive and strongly uncorrelated with traditional credit scores – meaning it brings new information to the table which often adjusts the assessment of an applicant. this incremental, predictive evaluation can allow. Traditional data usually means data from a credit bureau, a credit application or a lender’s own files on an existing customer this is the data most commonly used in credit scores. alternative data is everything else — a variety of data sources and techniques. there are an estimated 3 billion adults worldwide who don’t have credit and. Riskview credit solutions can help drive 15% lift in predictive capability for near prime and prime applicants — allowing lenders to book up to 20% more accounts without increasing their loss rates. 1. 1 results achieved using riskview scores. lexisnexis risk solutions, internal data, 2021. results may vary with other lexisnexis riskview. Vice president, scores. august 30, 2012. when you stop to think about it, the term “alternative credit data” is a catch all phrase to describe data that is not currently reported on mainstream credit reports. but what, in reality, is alternative about it? for millions of people, it may not be alternative data but the only credit record they.
Why The Financial Services Sector Is Embracing Alternative Credit Data Riskview credit solutions can help drive 15% lift in predictive capability for near prime and prime applicants — allowing lenders to book up to 20% more accounts without increasing their loss rates. 1. 1 results achieved using riskview scores. lexisnexis risk solutions, internal data, 2021. results may vary with other lexisnexis riskview. Vice president, scores. august 30, 2012. when you stop to think about it, the term “alternative credit data” is a catch all phrase to describe data that is not currently reported on mainstream credit reports. but what, in reality, is alternative about it? for millions of people, it may not be alternative data but the only credit record they. In this fireside chat, john mcwilliams, director, consultative solutions, at lexisnexis® risk solutions and rich evans, director, new propositions – credit risk and fraud at lexisnexis® risk solutions explains how the financial services sector is using alternative credit data to: onboard more customers with thin credit files. Social network data. website behavioral data, such as how they move through the lender's website. text or voice data during customer service calls. survey or interview data. lenders can analyze this combined data to create alternative credit scoring models and determine creditworthiness in a different way.
Comments are closed.