ID Analytics Introduces Credit Optics® Full Spectrum Portfolio to Provide Lenders with Greater Visibility into Customer Credit Behavior

New Customer Risk Management Solution Helps Lenders Improve Decision
Making and Find Growth Opportunities

SAN DIEGO & NEW ORLEANS–(BUSINESS WIRE)–Card Forum Today 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.

Contacts

Karen Gordon
ID Analytics LLC
858.312.6235
[email protected]

error: Content is protected !!