CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Equifax launches real-time blended consumer and commercial data service to improve lending decisions
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Equifax launches real-time blended consumer and commercial data service to improve lending decisions PDF Print E-mail
Monday, 24 August 2015

Equifax, the consumer and business insights expert, has launched a solution that provides real-time, integrated data on companies and the individuals who own and run them. Equifax Business Insights assists businesses in making more robust, timely and secure decisions about companies they lend or supply to, reducing reliance on costly manual processes.

The new service allows organisations such as banks, financial institutions, commercial lenders and SMEs such as trade suppliers to better assess lending risks, underwrite credit, meet regulatory obligations and improve their overall profitability.

Equifax Business Insights can provide access to commercial and consumer data including current and historical financials and accounts, County Court Judgements, commercial agreement payments, directors’ information, existing credit scores and credit limits. Insights from this data can help organisations assess the risks of dealing with new business customers by verifying the identity of owners and directors, as well as to undertake anti-money laundering (AML) checks.

Nic Beishon, of Equifax Business Information UK&I, said: “Increasing lending to smaller businesses is an important step in the UK’s economic recovery but the SME sector has notoriously been one of the most challenging to underwrite and lend to securely. There is a perception that information on smaller commercial businesses and the people behind them either doesn’t exist or is hard to find. This means that lenders simply don’t look for it. However, this information is likely to be available and our solution, Equifax Business Insights, is designed to provide access to this data.

“Equifax Business Insights provides a depth of information needed to conduct identity checks on businesses and inform an organisation’s lending decisions, while at the same time reducing reliance on manual checks. The insights provide a comprehensive view of a business, allowing organisations to make informed and faster business decisions based on combined, detailed commercial and consumer data analysis.”

(Source - Equifax Press Release)
 

 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197