Achieve Credit Risk Clarity
Across the Customer Lifecycle
Bring consumer and small business credit risk assessment into sharper focus. Leverage industry leading alternative credit data to gain an enhanced perspective on prospect, applicant and customer credit risk.
Leverage Alternative Credit Insights to Enhance Portfolio Performance
By augmenting existing assessment strategies with alternative data insights, lenders can gain a better understanding of consumer and small business credit risk for improved outcomes from marketing and origination to account management, collections and recovery.
Close Visibility Gaps
Grow with Confidence
Manage Collections Risk
Lenders face an array of challenges, including limited visibility into customer credit risk, intense competition, changing regulations and the declining predictive performance of traditional credit data. In response, many are turning to alternative data to address these challenges and find a competitive edge that can help them win new consumer and small business customers and grow revenue.
88% of US lenders
are more confident making consumer lending decisions
with alternative data, compared to a year ago.1
Unleash the Power of Differentiated Credit Risk Data Intelligence
Evaluate more customers to navigate risk more effectively. Our industry-leading credit risk solutions enable faster, more confident decisions across the customer journey — helping you drive portfolio performance and profitability.
Our sophisticated credit risk solutions deliver powerful predictive insights at each point in the customer journey.
Customer Acquistion
Tailor prescreen and pre-qualification offers to customers who meet your criteria.
Loan Origination
Approve more applicants and extend more attractive offers with greater confidence.
Portfolio Servicing
Anticipate changes in credit quality to customize your approach to account management.
Debt Recovery
Prioritize and customize outreach strategies to recover delinquent customers.
Leverage Alternative Credit Insights to Enhance Portfolio Performance
Robust Data Sets
Superior Models
Industry-Leading Innovation
Predictive, differentiated credit risk insights that inform improved business outcomes
Accelerate customer acquisition
Accelerate portfolio growth and optimize portfolio performance
with superior analytics and credit risk insights.
Markets we serve
Delivering Advanced Credit Risk Intelligence Across Industries
Financial Services
Buy Now, Pay Later (BNPL)
mitigate credit misuse, elevate debt recovery efforts.
Alternative Lending
Telecommunications
Collections
Automotive
Awards
Recognized for Industry-Leading Excellence in Credit Risk Analytics
Frequently asked questions
Our alternative data provides risk intelligence to better assess an individual or organization's credit risk beyond traditional credit data. These insights may include enriched visibility into credit-seeking behavior, professional licenses, residential stability, asset ownership and more.
Applicants benefit from the use of alternative data through increased access to credit and better credit offers. Lenders benefit from expanded marketing universes, increased response, approval and booking rates and decreased default and loss rates.
Financial institutions that use alternative data for credit risk assessment can address the two primary consumer segments who struggle with financial inclusion, credit invisible consumers and non-prime consumers. By scoring the vast majority of credit invisible consumers underestimated by traditional data, alternative data can unlock meaningful financial inclusion opportunities for lenders.
All lenders must comply with the Fair Credit Reporting Act (FCRA) when using alternative data for loan approvals. All LexisNexis® Risk Solutions credit risk products are designed to help meet modern compliance demands, so lenders can focus on driving growth with confidence.
Alternative data can help small business lenders serve a wider range of small businesses by providing more holistic insights into their financial situation. Savvy lenders can also enhance their decision making while reducing their exposure to fraud and risk, with the help of advanced analytics, data modeling and real-time monitoring capabilities.
Alternative data can help lenders improve their understanding of borrowers, tailor collections strategies and increase recovery rates, all while maintaining strong customer satisfaction levels.
By leveraging nontraditional data sources, lenders can grow approval rates by targeting traditionally unscorable applicants more effectively. They can also improve lead quality and customer engagement, enhancing customer acquisition outcomes.
Credit risk management can help improve decisions by using alternative data to better evaluate applicants, including those with limited credit history. This helps lenders expand their market, make competitive offers, and navigate uncertainties confidently. Credit risk management solutions from LexisNexis® Risk Solutions leverage predictive insights to identify opportunities and manage credit risk effectively.
We believe in the power of data and analytics
to manage risk & uncover opportunity.
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