Experian has launched a new tool that it says will allow credit unions and other lenders to identify accounts at the highest risk of business failure.
The Financial Stability Risk Score aims to enable users to segment businesses into risk categories, identify the accounts that are most likely to fail and set policies to limit risk exposure, according to Experian, based in Costa Mesa, Calif.
The firm said the new score can accelerate decisions by segmenting risk and putting applications on the fast track for approval, decline or review, screen out the riskiest accounts and help focus resources only on the accounts that require review.
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