Experian® Optimize

1 review

Experian® Optimize is a sophisticated mathematical optimization software designed to enhance decision-making strategies across the entire customer lifecycle. By evaluating competing business objectives, operational constraints, and individual customer preferences, it calculates the impact of every possible decision, enabling businesses to implement the most effective actions to maximize performance while adhering to specific constraints. Key Features and Functionality: - Customer-Level Decisioning: Analyzes the impact of each potential decision on individual customers, ensuring personalized and effective strategies. - Performance Enhancement: Achieves up to a 30% performance lift compared to even the most advanced techniques. - Complex Problem Solving: Determines optimal decisions and strategies based on overarching business goals and multiple constraints. - Constraint-Based Optimization: Ensures decisions align with business limitations and requirements. - Scenario Simulation and Management: Allows testing of various scenarios to predict outcomes and refine strategies accordingly. - Advanced Analytical Capabilities: Equipped to handle periods of extreme uncertainty with robust analytical tools. - Cloud-Based Solution: Facilitates easy implementation and updates, ensuring scalability and flexibility. Primary Value and User Solutions: Experian® Optimize empowers businesses to make data-driven decisions that align with their strategic objectives, leading to improved profitability and operational efficiency. By transforming complex data into actionable insights, it enables organizations to design, analyze, and execute optimized decision strategies. This results in enhanced customer experiences, increased agility, and significant financial performance improvements.

Quest

1 review

Experian's Ascend Quest™ is a comprehensive, self-service platform designed to empower organizations with real-time access to extensive data sources, enabling efficient account reviews and portfolio management. By integrating advanced analytics and a user-friendly interface, Ascend Quest™ facilitates informed decision-making and risk mitigation strategies. Key Features and Functionality: - Real-Time Data Access: Provides immediate retrieval of thousands of data elements, including credit attributes, risk scores, income models, segmentation data, and payment histories. - Advanced Analytics: Utilizes Experian's extensive data sets and analytical tools to deliver deep insights into consumer behavior and creditworthiness. - User-Friendly Interface: Features an intuitive, self-service portal that allows users to conduct account reviews and manage portfolios efficiently. - Portfolio Monitoring: Offers continuous monitoring capabilities to identify accounts experiencing financial stress, enabling proactive risk management. - Customizable Reporting: Enables the generation of tailored reports to meet specific organizational needs and compliance requirements. Primary Value and Solutions Provided: Ascend Quest™ addresses the critical need for timely and accurate portfolio management by offering a centralized platform that integrates vast data resources with advanced analytical capabilities. It empowers organizations to: - Mitigate Risk: Quickly identify and respond to accounts showing signs of financial distress, reducing potential losses. - Enhance Decision-Making: Leverage comprehensive data insights to make informed decisions regarding account management and customer engagement. - Improve Efficiency: Streamline the account review process through a self-service model, reducing reliance on multiple systems and manual interventions. - Drive Growth: Identify opportunities for customer retention and upselling by analyzing consumer behavior and credit trends. By providing a holistic view of portfolio health and facilitating proactive management strategies, Ascend Quest™ enables organizations to stay competitive in a rapidly evolving financial landscape.

ASSIST//ck

1 review

ASSIST//ck® is a comprehensive anti–money laundering solution developed by Experian to help financial institutions detect, investigate, and report potential money laundering activities. By automating critical compliance processes, ASSIST//ck enables organizations to meet regulatory requirements efficiently and protect their businesses from financial crime. Key Features and Functionality: - Regulatory Compliance: Ensures adherence to federal and international AML regulations, including those outlined by the USA PATRIOT Act. - Advanced Analytics: Systematically profiles customer and business accounts, monitoring transaction trends to identify suspicious activities. - Operational Efficiency: Automates processes to monitor, detect, investigate, document, and report money laundering activities, reducing manual workload. - Transaction Monitoring: Monitors transactions based on multiple parameters with expanded threshold capabilities to detect irregularities. - Case Management: Provides a powerful tool to investigate high-risk cases, document due diligence, and manage investigation notes. - Reporting: Facilitates the electronic filing of Suspicious Activity Reports to regulatory authorities. Primary Value and User Benefits: ASSIST//ck addresses the complex challenges of AML compliance by offering an end-to-end solution that enhances the effectiveness of AML programs. It enables financial institutions to systematically monitor and detect suspicious account activities, ensuring compliance with stringent regulations. By automating key processes, ASSIST//ck reduces administrative burdens, allowing organizations to allocate resources more effectively and focus on core business operations.

Precise ID

0 reviews

Precise ID® by Experian is a comprehensive identity verification and fraud detection platform designed to empower businesses to confidently pursue growth while mitigating a wide range of fraud risks. By integrating real-time identity verification with advanced analytics, Precise ID enables organizations to accurately identify threats such as identity theft, synthetic identities, and first-party fraud. The platform offers flexibility, allowing users to tailor fraud analytics, define identity verification policies, and create step-up verification workflows that align with their specific business requirements. Key Features and Functionality: - Fraud Detection and Identity Verification: Utilizes robust fraud detection models to identify specific fraud trends, enhancing overall approval rates and reducing applicant attrition. - Flexible Fraud Prevention: Allows customization of fraud analytics, identity verification policies, and step-up verification workflows to meet unique business needs. - Precise ID® Model Suite: Includes machine-learned fraud risk models that detect first-party, third-party, and synthetic identity fraud. - Compliance Support: Assists in meeting regulatory requirements such as KYC, CIP, GLBA, FCRA, FFIEC, PATRIOT Act, and FACTA. - Step-Up Verification Solutions: Offers additional verification methods, including one-time passcodes, knowledge-based authentication, financial account ownership verification, and document verification through mobile image uploads. Primary Value and User Solutions: Precise ID addresses the critical need for businesses to manage fraud and identity risks effectively while maintaining a seamless customer experience. By providing real-time identity verification and advanced fraud detection capabilities, the platform enables organizations to: - Reduce Fraud Losses: Accurately identify and mitigate various types of fraud, including identity theft and synthetic identities. - Enhance Customer Experience: Implement flexible verification processes that balance risk management with customer convenience. - Ensure Regulatory Compliance: Meet industry standards and regulations through comprehensive identity verification and fraud detection measures. By leveraging Precise ID, businesses can confidently expand their operations, knowing they have a robust system in place to detect and prevent fraudulent activities.

CrossCore

0 reviews

CrossCore® is an integrated digital identity and fraud prevention platform developed by Experian. It enables businesses to connect, access, and orchestrate decisions across multiple data sources and services, consolidating various fraud risk signals into a single, comprehensive assessment. By combining risk-based authentication, identity proofing, and fraud detection into a unified cloud-based system, CrossCore allows organizations to make real-time risk decisions throughout the customer lifecycle. Key Features and Functionality: - Unified Platform: Integrates multiple fraud and identity solutions, including Experian's own products, third-party services, and internal systems, providing a single point of access for comprehensive fraud monitoring. - Flexible Decisioning Workflows: Employs advanced analytics and customizable workflows to adapt to evolving fraud threats and business needs, enabling rapid strategy adjustments without downtime. - Scalable Cloud Architecture: Offers a modern Software as a Service framework that ensures scalability and seamless integration of new tools and services. - Comprehensive Identity Verification: Utilizes industry-leading analytics and scoring to confidently verify identities, incorporating capabilities such as document verification, biometrics, and device intelligence. Primary Value and Problem Solved: CrossCore addresses the challenge of managing multiple, disparate fraud prevention tools by providing a unified, flexible platform that enhances fraud detection and compliance while improving the customer experience. It enables businesses to: - Reduce Fraud Losses: By consolidating various risk signals and employing advanced analytics, CrossCore helps decrease fraud incidents and associated financial losses. - Enhance Operational Efficiency: The platform's single point of access and flexible workflows streamline the management of fraud and identity solutions, reducing complexity and operational costs. - Improve Customer Experience: By enabling real-time risk assessments and minimizing friction in the customer journey, CrossCore ensures a seamless and secure experience for end-users. In summary, CrossCore empowers organizations to proactively safeguard against fraud while supporting digital business growth through its integrated, adaptable, and efficient approach to identity verification and fraud prevention.

Ascend CECL Forecaster

0 reviews

Ascend CECL Forecaster™ is a user-friendly, web-based application developed by Experian in collaboration with Oliver Wyman to assist financial institutions in complying with the Current Expected Credit Loss accounting standard. By integrating Experian's extensive loan-level data and Premier Attributes with Oliver Wyman's advanced CECL modeling methodology, the tool enables accurate forecasting of potential credit losses over the life of a loan. Key Features and Functionality: - Comprehensive Data Integration: Utilizes over 15 years of historical credit data, including macroeconomic and valuation data, to provide a robust foundation for loss forecasting. - Advanced Modeling Techniques: Employs machine learning and statistical methods to assess loan portfolio performance under various economic scenarios. - User-Friendly Interface: Designed as a web-based application that requires no additional data or secondary integration from financial institutions, facilitating quick and efficient portfolio testing. - Expert Guidance: Provides access to industry experts for assistance with implementation and strategic planning. Primary Value and Problem Solved: Ascend CECL Forecaster™ addresses the challenges financial institutions face in adhering to the CECL standard, particularly the need for extensive historical data and sophisticated modeling capabilities. By offering a streamlined, data-rich solution, it enables lenders to accurately estimate expected credit losses, ensure regulatory compliance, and make informed decisions to maintain portfolio health and profitability.

BizID

0 reviews

BizID is a comprehensive business verification solution designed to authenticate both businesses and their owners, ensuring the accuracy and truthfulness of application information. By leveraging multiple databases, including Experian's extensive commercial risk information and consumer data, BizID provides a robust fraud risk score and decisioning framework. This enables organizations to efficiently identify and mitigate potential fraud risks associated with new business accounts. Key Features and Functionality: - Comprehensive Data Sources: Utilizes information from over 22 million businesses and 220 million consumers to verify business and owner details. - Fraud Risk Assessment: Generates a fraud risk score to highlight accounts that may require additional scrutiny. - Decisioning Support: Offers clear decisions to streamline the verification process and enhance operational efficiency. Primary Value and Problem Solved: BizID addresses the critical need for accurate business verification in the onboarding process. By providing reliable authentication of business and owner information, it helps organizations prevent fraud, reduce risk, and make informed decisions when establishing new business relationships. This ensures a more secure and trustworthy business environment.

Decisioning as a Service

0 reviews

Experian's Decisioning as a Service is a hosted solution designed to help businesses make, manage, and refine critical decisions throughout the customer lifecycle. By integrating robust consumer data, predictive models, decisioning software, and industry expertise, DaaS enables organizations to deploy and optimize decisioning strategies efficiently. This service is particularly beneficial for sectors such as financial institutions, telecommunications, energy, and healthcare, offering the flexibility to adapt to market and regulatory changes swiftly. Key Features and Functionality: - Comprehensive Data Integration: Leverages extensive consumer data and predefined attributes to inform decision-making processes. - Predictive Analytics: Utilizes predictive models and mathematically derived decision strategies to enhance accuracy. - Hosted Environment: Provides a fully managed platform, reducing the need for significant capital investment and IT resources. - Flexibility and Scalability: Allows businesses to adjust decisioning strategies based on specific needs, budgets, and resources. - Rapid Deployment: Enables quick implementation of tools and strategies to respond to business, market, or regulatory changes. Primary Value and Solutions Provided: Decisioning as a Service addresses the challenge of making timely and informed business decisions by offering a scalable, hosted solution that integrates data, analytics, and decisioning tools. This service minimizes capital expenditures and IT overhead, allowing organizations to focus on core operations while adapting to evolving market conditions. By providing a flexible and efficient decisioning environment, DaaS helps businesses enhance customer acquisition, manage risk, and improve overall operational efficiency.

FusionIQ

0 reviews

FusionIQ is a cloud-native wealth management platform designed to empower financial institutions and advisors by providing scalable, modular, and integrated digital solutions. It enables users to launch cost-effective, private-labeled investing and advisory services tailored to clients across various wealth brackets. With its intuitive interface and comprehensive features, FusionIQ facilitates digital transformation, allowing institutions to offer a seamless investment experience. Key Features and Functionality: - Modular Design: FusionIQ offers four core modules—Hybrid Digital Advice, Self-Directed Investing, Digital Marketplace, and finTAMP—that can be implemented individually or as a comprehensive suite, providing flexibility to meet specific business needs. - Digital Onboarding: The platform streamlines client onboarding with automated workflows, enabling new clients to be onboarded in as little as five minutes, enhancing operational efficiency. - Model Marketplace: Users gain access to a growing library of investment models, ensuring diverse and tailored investment strategies for clients. - Multi-Custodian Integration: FusionIQ seamlessly integrates with multiple custodians, including Pershing, Fidelity, DriveWealth, and Apex Clearing, offering versatility in asset management. - Multilingual Support: The platform supports multiple languages, catering to a diverse client base and expanding market reach. Primary Value and Solutions Provided: FusionIQ addresses the challenges financial institutions face in digital transformation by offering a unified platform that enhances client engagement, operational efficiency, and scalability. By integrating various investment services into a single digital workflow, it eliminates friction between front, middle, and back offices, resulting in increased productivity and profitability. The platform's rapid implementation timeline—completing white-label integrations in as little as six weeks—allows institutions to quickly adapt to market demands and offer modern investment solutions. Additionally, FusionIQ's commitment to data security, demonstrated by its SOC 2 Type II compliance, ensures the protection of sensitive client information, fostering trust and reliability.