Improve Credit Decisioning with Unique Information
Leading organizations, both public and private, need to sharpen their credit risk management strategies to protect financial assistance program integrity and ensure that appropriate resources are getting to the right individuals.
ID Analytics® Credit Optics™ offers cutting-edge credit decisioning solutions that help government lending programs reduce risk. This approach improves traditional credit decisioning by gleaning insight from information not typically analyzed when calculating a traditional credit score–the stability of an individual. While traditional credit models focus on historical transaction and payment data to determine ability to repay debt - ID Analytics® Credit Optics™ uses insight into identity relationships (e.g. how often they use their PII, how often they obtain phones) to assess credit risk. When used in combination with legacy credit scores, this unique, third dimension is an incremental perspective of risk that has been proven to eliminate up to 25% of credit losses.
- Supplements traditional credit scores to better gauge risk
- Greater visibility into stability to reduce losses on marginal applicants
- Reliable rating of consumers with little or no credit history
- Increase program integrity
To learn more how these capabilities can support government financial assistance programs, contact us at government@idanalytics.com.