Riskview Score and Attributes
Accelerate Portfolio Growth with Confidence
Driving portfolio growth while managing risk is more challenging than ever before. Shifting consumer demand, growing competition and increasing economic pressures are changing the nature of credit risk assessment for financial services. If you are only leveraging traditional tradeline credit data, you may be missing critical predictive signals that can help you make better lending decisions. A clearer understanding of an applicant’s creditworthiness from LexisNexis® RiskView™ can enable you to increase approval rates, improve profitability and manage risk thresholds across the customer lifecycle. This powerful solution suite draws on a broad range of alternative data — providing insight into key risk factors that traditional credit data may miss. Build a more robust view of consumer credit risk. With LexisNexis® RiskView™ Solutions, which incorporate both life event data and alternative credit inquiry data, we can help you elevate your credit risk assessment to a whole new level. This also enhances your ability to evaluate consumers who are traditionally unscorable. Advanced alternative data helps you refine segmentation and improve lending decisions Alternative credit behaviors and non-credit life events are highly effective predictors of creditworthiness. Products in the RiskView Suite provide organizations with insight into three credit dimensions to improve the assessment of stability, ability to repay and willingness to repay. Whether an applicant has a “prime” traditional credit score or little to no credit history, lenders can leverage insights into alternative credit inquiries and non-credit events to fine-tune lending and origination strategies. Alternative credit data helps you determine consumer credit risk based on a more robust understanding of consumers across the credit spectrum.
Features
Benefits
Features
Improve consumer credit risk assessment
Improve assessments with alternative credit seeking insights, asset insights, public records and identity insightsBenefits
Approve more consumers
Expand addressable market
Increase portfolio growth
Reduce risk exposure