Making credit and lending simpler, faster and safer
Data and technology enables us to make credit and lending simpler, faster and safer for consumers and businesses.
When consumers apply for credit, they want to apply online and for that process to be easy. They seek a seamless, online experience. At the same time, lenders need to make rapid decisions on who to lend to and how much, while reducing risk and meeting regulatory obligations. Our data assets and advanced analytics mean the time taken to make decisions is greatly reduced and consumers can get responses quickly. In this way, friction in the whole lending process is reduced and everyone benefits from a better experience.
credit decisions are facilitated every year
of lenders use data beyond the traditional credit report
Helping lenders confidently say yes to customers faster and more efficiently
Millions of mortgages are applied for and approved every year in the United States. It’s one of the biggest, most stressful financial decisions a person can make. Given the amounts of money involved, applicants must provide proof of income and job stability. This helps give lenders a view of a consumer's capacity to repay the mortgage. But it can take days or even weeks for a loan officer to receive the consumer’s payslips, slowing down the process and adding stress for the consumer. With millions of trusted employer payroll records, Experian Verify can automate this process. It uses real-time data on a flexible platform that can be tailored to each client’s unique needs. It enables decisions to be made in seconds, securely, reducing stress for consumers. It also reduces risk for lenders with more accurate and up-to-date information, reduces their costs and provides a more comprehensive view of a consumer’s financial health.
With fraudsters taking advantage of the growing number of transactions online, businesses increasingly need to protect themselves.
We help organisations in specialised verticals harness data, analytics and software to make smarter choices.
We enable businesses to find, understand and connect with audiences.