Supporting The Banking And Financial
Services Sector
By delivering insight into the financial
situation of consumers and businesses who
apply for loans we can help you lend more
responsibly, better manage risk, reduce
losses from bad debt and meet regulatory
compliance requirements.
“Equifax data proved more powerful than
any other source we tested.”
Chief Risk Officer, Nationwide Building
Society
Across the customer lifecycle we can
provide insight to help you make better
decisions from customer acquisition,
through management to debt collection
strategies. We believe we are perfectly
placed to help you find the best
prospective customers for your business
and choose how best to market to them. We
will help you analyze your prospect data
and prioritize those individuals most
likely needs. This can focus your
resources on those most likely to deliver
tangible return on investment on your
marketing spend.
You can also make your application
process faster and simpler for new
customers as well as improve your
business's protection from fraud and bad
debt. Innovative new products will also
help you assess new customers' current and
likely future financial stability. This
can not only help you verify identities in
real-time to mitigate potential fraud but
also ensure you rapidly and accurately
make decisions, on who to do
business with.
We work closely with many of our clients
to better understand the challenges and
requirements of increasing regulatory
compliance requirements. We know
that the best starting point for an
accurate affordability assessment is an
accurate view of income. We also know that
income can be as individual as the
consumer under consideration as their
circumstances differ.
To meet the income verification
challenge, we use a process that takes an
inclusive view of current income. Equifax
Income Verification exclusively uses the
best source of data – the consumer’s
current account. This provides insight
into the sufficiency, consistency and
stability of the personal current account
turnover, relevant to the consumer’s
income.
By delivering insight into the financial situation of consumers and businesses who apply for loans we can help you lend more responsibly, better manage risk, reduce losses from bad debt and meet regulatory compliance requirements.
“Equifax data proved more powerful than any other source we tested.”
Chief Risk Officer, Nationwide Building Society
Across the customer lifecycle we can provide insight to help you make better decisions from customer acquisition, through management to debt collection strategies. We believe we are perfectly placed to help you find the best prospective customers for your business and choose how best to market to them. We will help you analyze your prospect data and prioritize those individuals most likely needs. This can focus your resources on those most likely to deliver tangible return on investment on your marketing spend.
You can also make your application process faster and simpler for new customers as well as improve your business's protection from fraud and bad debt. Innovative new products will also help you assess new customers' current and likely future financial stability. This can not only help you verify identities in real-time to mitigate potential fraud but also ensure you rapidly and accurately make decisions, on who to do business with.
We work closely with many of our clients to better understand the challenges and requirements of increasing regulatory compliance requirements. We know that the best starting point for an accurate affordability assessment is an accurate view of income. We also know that income can be as individual as the consumer under consideration as their circumstances differ.
To meet the income verification challenge, we use a process that takes an inclusive view of current income. Equifax Income Verification exclusively uses the best source of data – the consumer’s current account. This provides insight into the sufficiency, consistency and stability of the personal current account turnover, relevant to the consumer’s income.