Improve Origination Decisions with Deeper Insights into Credit Risk
Use advanced alternative credit risk insights to evaluate and approve more consumer and small business applicants with confidence — and compete more effectively.
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Get a Clearer Picture of Your Consumer and Small Business Prospects
Has the shift in the credit reporting landscape obscured your perspective of credit risk? Relying solely on traditional data may create decisioning blind spots, stalling growth. With industry-leading alternative data, you can improve your vantage point of consumer and small business risk for more informed decision-making.
66% of U.S. lenders
are already using alternative data at origination1
Evaluate More Applicants
Seize more opportunities to turn thin-file and no-file prospects into valuable customers
Enhance Segmentation
Segment with greater
precision so you can swap
in and swap out candidates
on the margins
Refine Pricing Strategies
Extend more accurate
pricing and terms to
compete more effectively
and drive growth
Mitigate Credit Misuse
Identify and take adverse
action for applicants who
display signs of potential
first-party fraud
Take a Closer Look at Alternative Data for Loan Origination
Consumer and Small Business Use Cases
Outcompete the Competition with Differentiated Credit Risk Insights
Creditworthiness is shaped by many factors, ranging from changing lifestyle patterns to one-time credit damaging events. Consumer credit behaviors are evolving faster than ever, and lenders must adapt their credit assessment strategies to find a fresh, more accurate and detailed perspective of prospects.
More lenders are turning to alternative data to gain a competitive edge that can help improve efficiency, win new customers and grow revenue within acceptable risk tolerances. These insights can help increase the reliability of customer credit risk assessment by showing the shifts that impact creditworthiness sooner.
By clarifying your view of risk, you can improve your ability to capture new
creditworthy consumers who may be overlooked by your competitors.
See opportunity where others see risk
Broaden the Path to Financial Inclusion
By improving your ability to evaluate credit invisible consumers, you can discover new avenues for growth and extend opportunities to historically underserved populations.
Swap-In/Swap-Out Consumers
Traditional data may sometimes miss key behaviors associated with prospects and applicants which can cause their credit quality to be under or overestimated. With a more comprehensive and granular view of consumer behaviors, alternative data can help you swap out high-risk prospects for those that better meet your organization’s risk profile along with refining your risk-based pricing strategy. Find the right balance of risk for your portfolio.
Deliver Targeted Offers
With differentiated credit risk insights, you can refine pricing strategies and extend more competitive offers to highly desirable applicants while managing risk. Boost response rates, improve approval rates, build brand loyalty and drive profitability.
Reduce the Risk of Credit Abuse
Quickly identify and block high-risk applicants who bypass traditional fraud and credit controls. Promptly flag potential first-party fraud and default risks so you can focus on serving lower-risk customers who offer higher potential profits.
Incorporate alternative data to enhance consumer risk assessment
Contact us for credit risk decisioning solutions
Leverage Three Dimensions of Alternative Data
Expand your view of creditworthiness beyond traditional tradeline data to include non-credit events, such as address stability, professional licenses, asset ownership and more. This gives you expanded insight into details known to reliably predict a positive economic trajectory.
Alternative Credit Inquiries
Demand deposit accounts, subprime
lending, online lending
Non-Credit Events
Professional licenses, public source
data, asset ownership
Traditional Credit Data
Credit card, installment loan,
mortgage, auto
Enhance your consumer credit risk decisioning strategies with powerful solutions
LexisNexis® RiskView™ Credit Misuse
Identify and mitigate high-risk applicants who fall between the cracks of existing risk controls.
LexisNexis® RiskView™ Attributes
Advanced alternative data insights help broaden your view of consumer risk to increase approvals and improve profitability while managing risk.
LexisNexis® RiskView™ Optics and RiskView™ Spectrum Scores
Leverage credit risk scores powered by combining alternative and traditional credit data to fine-tune credit assessment with an enhanced perspective on credit risk.
LexisNexis® RiskView™ Liens & Judgments
Incorporate liens and civil judgment insights for a more accurate picture of risk.
Drive Performance with Our Powerful Small Business Credit Risk Decisioning Solutions
76% of U.S. small businesses
use their personal credit card for business expenses2
Small businesses are increasingly seeking the working capital needed to survive and thrive in a changing marketplace. However, credit risk assessment for small businesses can often be more challenging than consumer credit evaluation. Our industry-leading linking technology connects commercial payment history and alternative business data attributes with broader insights on both the business and its authorized representatives.
Our expansive data sets and sophisticated analytics models allow you to cut through cloudy business credit risk assessments, offering a clearer perspective than can often be provided by traditional credit data.
Pulled from a range of differentiated sources, our alternative credit data insights enable you to see key indicators
of financial strength and growth potential, including address stability, professional licenses and asset ownership,
as well as the signals of potential business risk.
Many of our credit risk solutions can also be used with Small Business Financial Exchange (SBFE) data collected on more than 30 million small businesses, dating back to 2001.
Unlock big potential with small business lending
Uncover Small Business Opportunities Sooner
Gain additional insights into your previously assessed small business prospects for better segmentation.
Connect Businesses to Authorized Representatives
Linking data to a business is a more complex problem than for a consumer. Our industry-leading linking technology connects commercial payment history and alternative business data attributes on both the business and the business authorized representative. Generate the needed insights to inform more profitable small business lending decisions.
Refine Your Pricing Strategies for Small Businesses
Clarify your view of risk to make more precise offers, reach more customers and improve your origination ROI.
Incorporate alternative data and optimize your small business
credit risk assessment
Contact us to learn more
Boost Small Business Risk Decisioning with Targeted Solutions
Our alternative data insights are pulled from the following sources:
Municipal business licenses
Points of contact
Address details
Assets
Property ownership
Firmographics
Derogatory public records
LexisNexis® Small Business Attributes
Use robust alternative data insights to identify qualified small businesses with potential to grow and extend more competitive and customized offers.
LexisNexis® Small Business Credit Score
Broaden your view of small business creditworthiness to enhance assessment and improve profitability while managing risk.
LexisNexis® Small Business Credit Report
Capture a more inclusive snapshot of small business credit risk to help you extend more offers while managing risk.
Model-Ready Solutions to Meet Your Needs
We can deliver model-ready attributes or actionable scores to help you hone your origination strategies for both small business and consumer lending.
Markets we serve
Financial Services
Refine credit risk scoring models, serve a
larger pool of applicants and provide more
competitive loan offers.
Buy Now, Pay Later (BNPL)
Improve offer and segmentation
strategies, mitigate credit misuse,
improve debt recovery efforts.
Alternative Lending
Streamline underwriting processes
with near-real-time access to identity
and credit data.
Telecommunications
Evaluate more applicants, mitigate identity
fraud risks and accelerate workflows.
Automotive
Improve your ability to evaluate more
applicants, refining pricing strategies
and mitigate credit misuse.
Gain a Competitive Edge with an Expanded and Differentiated View
of Your Consumer and Small Business Prospects
Contact Us
Sources:
1. LexisNexis® Risk Solutions Global Report
2. https://www.mastercardservices.com/en/advisors/consumer-engagement-loyalty-consulting/insights/not-so-small-portfolio-optimization
3. LexisNexis® Risk Solutions internal data
1. LexisNexis® Risk Solutions Global Report
2. https://www.mastercardservices.com/en/advisors/consumer-engagement-loyalty-consulting/insights/not-so-small-portfolio-optimization
3. LexisNexis® Risk Solutions internal data
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