Experian has launched a new tool that it says will allow creditunions and other lenders to identify accounts at the highest riskof business failure.
|The Financial Stability Risk Score aims to enable users tosegment businesses into risk categories, identify the accounts thatare most likely to fail and set policies to limit risk exposure,according to Experian, basedin Costa Mesa, Calif.
|The firm said the new score can accelerate decisions by segmentingrisk and putting applications on the fast track for approval,decline or review, screen out the riskiest accounts and help focusresources only on the accounts that require review.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
