Tagged: experian

US Consumers Think Inflation Significantly Impacted Travel Plans – Research Report

While many Americans are planning to travel and take a road trip this summer, inflation and high costs on essentials may put a damper on their fun in the sun. This, according to an update from Experian. Experian notes in a blog post that some… Read More

Automotive Finance Market Shows Recovery Signs with New Vehicle Inventory Bouncing Back – Report

With new vehicle inventory rebounding and some manufacturers continuing to offer incentives, consumers are shifting back into the new vehicle market—resulting in a notable impact on lender market share. According to Experian’s State of the Automotive Finance Market Report: Q1 2024, captives’ market share “for… Read More

Experian Enhances Analytics, Credit Decisioning via Updates to Ascend Technology Platform

As companies around the globe grapple with an accelerated pace of change and seek ways to optimize their businesses, Experian is introducing (what it claims to be) a new era of simplification, scalability and automation through the debut of new enhancements to its cloud-based Experian… Read More

Experian Invests in Reward, Affirms Commercial Relationship

Experian (LSE:EXP) has made a strategic investment in Reward. According to a release, the investment strengthens the current commercial relationship between the two firms. The terms of the investment were not provided. Experian said that the partnership will focus on leveraging Experian’s data and audience… Read More

TRIVER and Experian to Boost Lending to SMEs

Businesses looking for short-term capital can access funding in rapid time thanks to a new partnership between Experian and alternative lender, TRIVER. TRIVER aims to enhance the SME lending process “by underwriting the risk of small business borrowing quickly and easily, providing advances on business… Read More

Experian Introduces Digital Tool Supporting Financial Inclusion with Open Banking Insights

Experian announced the launch of Cashflow Attributes, a solution to help expand fair and affordable access to credit, particularly for thin-file and credit invisible consumers. With over 900 income, cashflow and affordability attributes, Experian’s cashflow insights are available now and “allow lenders to seamlessly integrate… Read More

UK Mortgage Market Showing Recovery Signs – Research Report

According to new data from Experian, mortgage applications in the first two months of 2024 showed positive signs that consumers are returning to the market, with numbers increasing 20% against the same period last year. The data shows that the market is still some way… Read More

Apple BNPL Users Will Have their Payment History Reported to Experian

Apple (NASDAQ:AAPL) released a buy now pay later (BNPL) product a year ago. Expectations are for a more extended credit option to appear soon as Apple continues its ongoing expansion into financial services. Today, Experian has shared that Apple BNPL users will now have their… Read More

Fraudsters Are Leveraging Generative AI to Dupe Consumers and Businesses – Research Report

Experian released its 2024 Future of Fraud Forecast, which identifies five fraud threats consumers and businesses should be cautious of this year. Today’s fraudsters are sophisticated and will “deploy the latest technology, such as generative artificial intelligence, to dupe consumers and businesses.” According to an… Read More

UK Consumers May Switch and Save £672 Annually as Lower Interest Credit Returns in 2024 – Experian Analysis

Experian has shared an important update which reveals that UK consumers may switch and save £672 annually as lower interest credit returns in 2024. According to a blog post by Experian, savvy Brits are already “taking advantage with searches for balance transfer credit cards up… Read More

NeuroID’s Behavioral Analytics Available via Experian’s Fraud Prevention Solutions

Experian announced NeuroID’s behavioral analytics is now available through Experian’s fraud prevention solutions, including CrossCore and Precise ID. NeuroID’s unique behavioral analytics solution “provides robust, frictionless fraud prevention capabilities that can effectively combat identity theft, deter fraud ring attacks and protect against AI-enabled bots while… Read More

Experian Adds Capabilities to UK Ascend Analytics Platform to Streamline Lender Operations and Client Outcomes

Experian, the global information services company, has announced the launch of a suite of new capabilities for Ascend, its cloud-based analytics and technology platform. These latest innovations aim to “increase operational efficiency, maximize profitability and support lenders and businesses in today’s rapidly changing market conditions… Read More

Automobile Financing Report: Average Amount Financed for Vehicles Decreased in Q3 2023, Indicating Positive Trend for Consumers

With affordability remaining top of mind throughout the automotive industry, new data shows the average loan amount “for new and used vehicles decreased in Q3 2023, an optimistic sign that things are continuing to level out for vehicle shoppers.  ” According to Experian’s State of the… Read More

Identity Fraud Set to Peak During Shopping Surge – Experian Report

Identity fraud rose by more than a fifth this year, “amid warnings that fraudulent activity is set to peak over the Christmas shopping period.” New analysis from Experian reveals “that identity fraud rose by 22% in 2023, when compared to 2022, with the trend expected… Read More

Financial Stress and Trauma Experienced by Majority of US Adults – Experian Report Claims

A significant 68% of U.S. adults feel they have suffered from, or are currently suffering from, financial trauma according to new research released today by Experian. The research sheds light on the prevalence of negative feelings and angst “related to financial matters, with approximately 65%… Read More

Experian Introduces New Card to Support Consumers with Becoming Debt-Free, while Building Credit

Continuing its innovation to put debt-free, credit-building power in consumers’ hands, Experian launched the Experian Smart Money Digital Checking Account & Debit Card that embeds the first-of-its-kind feature Experian Boost. Now it will be even more convenient for consumers “to use Experian’s FICO Score -boosting… Read More

HSBC UK, Nationwide Building Society, Others Launch Support Hub to Share Access Needs with Multiple Organizations

Founding members including HSBC UK, Nationwide Building Society, Tesco Bank, NewDay, Co-operative Bank and Ovo have come together to launch Support Hub, a free platform powered by Experian that “shares access needs with multiple organisations in one go.” Nearly three-quarters (73%) of disabled people “have… Read More

Experian Adds IntoZetta Capabilities to Assist Firms with Taking Control of Data Quality

Experian announced that IntoZetta’s data governance capabilities will be integrated with Experian’s Aperture Data Studio, the company‘s flagship data quality platform. The combination of data quality and data governance capabilities will allow clients “to better find, track and manage their data while ensuring that it… Read More

Konfir Enhances UK Pre-Employment Screening Process with Access to Employment Data via Experian’s Work Report

Experian has announced a deal with Konfir in a move that is set to transform the pre-employment checking process for both candidates and employers. By adding Experian’s income and employment verification solution, Work ReportTM1, to its existing offering, Konfir reportedly “becomes the first provider in… Read More

Auto Financing: Consumers Continue to Prefer Shorter-Term Loans, Experian Report Claims

A new Experian report shows consumers are continuing to opt for shorter term loans. In the second quarter of 2023, captives reportedly “regained the lion’s share of total vehicle financing, outpacing banks and credit unions.” According to Experian’s State of the Automotive Finance Market Report:… Read More

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