Business Case
Delivering pan-European decisioning for a leading financial services provider
Business Challenge
When the client started working with Experian they held no central credit data repository and had manual processes for credit decisioning that varied across the European countries it operated in. Credit and risk management were difficult to control and consistency was complex to maintain.
The client needed a solution that would automate credit decisioning consistently across Europe, allowing central control, but still allow for bespoke credit decisions in each country.
The Decision Analytics answer
For efficiency and speed of process, it was important that the client had a single consistent system that provided instant real time decisioning. The client chose the Decision Analytics Origination system, Transact SM from Experian. Transact SM enables the client to rapidly process and make accurate decisions on applicants in every country it operates in, while still being able to cater for local requirements.
The Benefits
- Automated decisioning rates up to 75% within three months of operation
- 80% of automated decisions made in less than 20 seconds
- Enhanced decisions with multibureau connectivity
- Controlled credit bureau costs by systematically accessing only the most appropriate bureau reports
- Higher acceptance rates through the implementation of risk based pricing
- Consistency and control in risk management
- Better use of skilled resources with automation freeing up skilled analysts
- Rapid expansion and deployment of the solution into new operations and territories
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