Anna White / Victoria Collinson
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New Experian report outlines key credit risk management strategies for the industry
Nottingham, UK, 26 November 2008 - Experian, the global information services company, today published a new report providing expert recommendations for credit risk management in today's turbulent economic climate.
Containing emerging market insights and suggested strategies from the company's industry experts, Experian's Credit Risk Dossier sets out the new considerations that will increasingly govern how lenders approach risk management. At the heart of the report lies the importance of optimising risk management procedures across the entire credit lifecycle – from customer acquisition and management, through to collections and recoveries.
Phil Cotter, Managing Director of Experian's Credit Services division, comments:
"In today's economic climate, business agility is critical in the wake of unprecedented market events, weakened consumer purchasing power and growing indebtedness. Our report distils the advice we are giving to our clients to help them adapt quickly to market conditions and optimise their risk-based approach to lending by using data and analytics to anticipate changes in their customer portfolios."
Published today at Experian's Credit Risk Summit in London, attended by 100 of the industry's senior credit risk professionals, the report's key themes include:
Adapting credit strategies for the current environment and beyond: why the application of risk management technology is more important than ever and the steps lenders should take to monitor and improve the performance of their scoring models.
To download a copy of the Experian Credit Risk Dossier please visit http://www.experian.co.uk/creditriskdossier/