ID Analytics, a Symantec company and leader in consumer risk management products and services, announced Credit Optics Full Spectrum Portfolio, the latest extension of the company’s FCRA-compliant credit score solutions, to help organizations identify more growth opportunities and better manage risk within their existing customer base. A leading alternative credit risk solution, Credit Optics Full Spectrum combines traditional credit data and credit-relevant alternative data, such as wireless, sub-prime loan and alternative payment applications, with patented analytics. By providing organizations with a more complete picture of credit behavior, Credit Optics Full Spectrum Portfolio allows lenders to nurture strong relationships with new-to-credit customers and increase the lifetime value of more established customers who demonstrate increasing financial performance, all while proactively managing risk.
“Credit Optics Full Spectrum Portfolio was designed to help lenders drive growth and reduce potential credit loss exposure with early insights into shifts in customer creditworthiness,” said Ajay Nigam, CEO of ID Analytics. “With the addition of ID Analytics’ portfolio solution, organizations are now able to leverage the power of the Credit Optics Full Spectrum solution for improved decision making across the customer lifecycle, from prescreen campaigns, to new customer acquisition, to account management.”
Key Credit Optics Full Spectrum Portfolio benefits include:
- Nurture and grow new-to-credit customers – Unique visibility into new-to-credit customer behavior can help organizations foster long-term relationships.
- Accelerate insight into growth potential – Leveraging modern lending behaviors not typically found in traditional credit scores, including telecommunications and online lending relationships, can often provide early insight into financial stability, helping organizations quickly capitalize on growth opportunities.
- Enhance risk management decisions – Tapping into underserved markets, such as subprime and alternative finance lending, can often provide early insight into financial stress, helping organizations manage risk before it escalates.
“Portfolio growth and risk management are top priorities for every business. With new acquisition becoming increasingly competitive, driving growth with current customers is an essential strategy,” said Leslie Parrish, senior research analyst at Aite Group. “Alternative credit assessments provide a new frontier for innovative lenders looking to add greater value across the customer life cycle.”
Availability
ID Analytics’ Credit Optics Full Spectrum Portfolio is available today. Companies interested in strengthening their portfolio management decisions should contact [email protected]. For more information on Credit Optics Full Spectrum Portfolio visit: www.idanalytics.com/solutions-services/credit-risk-solutions/
ID Analytics at Card Forum
Join us at Card Forum for an Industry Innovation Lunch session on The State of Alternative Credit Data, Wednesday, May 22, 2019 from 12:45 p.m. – 1:45 p.m. For more information please contact Jeff Simpson.
About ID Analytics LLC
ID Analytics is a leader in consumer risk management with patented analytics, proven expertise, and near real-time insight into consumer behavior. By combining proprietary data from the ID Network®—one of the nation’s largest networks of cross-industry consumer behavioral data—with advanced science, ID Analytics provides in-depth visibility into identity risk and creditworthiness. Every day, many of the largest U.S. companies rely on ID Analytics to make risk-based decisions that enhance revenue, reduce fraud, drive cost savings, and protect consumers. ID Analytics is a Symantec company. Visit www.idanalytics.com to learn more.
ID Analytics and ID Network are registered trademarks of Symantec all other trademarks and registered trademarks are the property of their respective holders.
