Experian and Temenos Extend Integration to Help Customers Make Real-Time Credit Offers to Consumers


COSTA MESA, Calif .– (BUSINESS WIRE) – To speed up the automation decision process and provide a transparent way for lenders to grant credit, Experian and Temenos today announced the integration of PowerCurve® business intelligence solutions in Temenos Infinity, the leading omnichannel digital banking product. Temenos Infinity covers the digital engagement from acquisition to account management to long-term retention, supporting multiple stages of growth. The bundle includes preconfigured solutions for lenders who prefer standard “out-of-the-box” integrations to support decision-driven business processes.

“During this unprecedented time, organizations need to be agile in their approach to the user journey. Through this integration, we harness the power of data and technology to enable financial institutions to make real-time decisions that maximize opportunity, mitigate risk and improve customer experience, ”said Robert Boxberger, president of ‘Experian from Decision Analytics, North America. “These combined offerings illustrate our commitment to continuously innovate and find efficient and secure solutions for decision automation that businesses can easily scale and deploy quickly to meet today’s emerging needs. ”

Experian’s credit decision solutions powered by PowerCurve include:

  • Instant Prescreen allows Temenos customers to instantly make firm credit offers to those who qualify. It also reduces the subjectivity of cross-selling, maximizes opportunities for consumer engagement, and minimizes risk.
  • Prequalification is a robust data collection and decision execution solution that prequalifies consumers for loan products in real time, prior to loan application. It is initiated by the consumer and, if the criteria are met, offers them a variety of credit options. Prequalification is a soft pull, so it does not affect a consumer’s credit rating, and Experian is the only provider configured with Temenos to provide a soft-pull prequalification process on mobile and digital channels.
  • Instant credit allows lenders to determine in real time whether a consumer meets their loan criteria so they can make decisions about opening new credit products or line increases.

“We’re excited to combine our industry-leading banking software with robust data and real-time automated decisions from Experian to help financial institutions attract leads and turn them into account holders, ”said Larry Edgar- Smith, Senior Vice President, Business Solutions Group Temenos Infinity – North America. “It’s a natural evolution of our integration with Experian, as lenders and consumers continue to demand automated decision-making, relevant digital experiences, and seamless access to their credit options. ”

“Experian’s PowerCurve decision management suite provided by Temenos enables us to provide the best possible service to members. It has proven to be incredibly effective in facilitating a fast and efficient experience for our members, especially in today’s competitive lending environment, ”said Andy Coy, Assistant Vice President of Credit Services for PSECU, Pennsylvania’s largest credit union. “For example, the prequalification tool allows us to immediately engage candidates with potential offers and minimize the time required to complete an application. This saves us and our members valuable time and resources. ”

“Today’s consumers demand frictionless digital experiences from lenders. With the preconfigured credit decision solutions provided by the integration between Temenos and Experian, Advia sees success in enhancing the member experience for new and existing members by streamlining the initial application process, ”said Ryan Olson, vice -President of Consumer Loans at Advia Credit Union.

Experian’s PowerCurve decision management suite is now available through Temenos Infinity Origination. To learn more about Experian’s PowerCurve Decision Management Suite, please visit: https://www.experian.com/strategy-management/powercurve-video.

About Experian

Experian is the world’s leading information services company. During the great moments of life – from buying a house or a car to sending a child to college to growing a business by connecting with new customers – we empower consumers and our customers to manage their data with confidence. We help individuals take financial control and access financial services, businesses make smarter decisions and prosper, lenders lend more responsibly, and organizations prevent identity fraud and crime.

We have 17,800 people in 45 countries and we invest every day in new technology, talented people and innovation to help all of our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are part of the FTSE 100 index.

Learn more about www.experianplc.com or visit our global content center at our global news blog for the latest news and outlook for the Group.

Experian and the Experian trademarks used herein are trademarks or registered trademarks of Experian and its subsidiaries. Other product and company names mentioned in this document are the property of their respective owners.

About Temenos

Temenos AG (SIX: TEMN) is the world leader in banking software. More than 3,000 banks around the world, including 41 of the 50 largest banks, trust Temenos to handle both the day-to-day transactions and customer interactions of more than 1.2 billion bank customers. Temenos offers cloud-native, cloud-independent, artificial intelligence-based front office, core banking, payments and fund administration software, enabling banks to deliver frictionless omnichannel customer experiences and win in operational excellence.

Temenos software has been proven to enable its top performing clients to achieve cost-revenue ratios of 26.8% half of the industry average and return on equity of 29%, three times the industry average. These customers also invest 51% of their IT budget in growth and innovation versus maintenance – double the industry average, proving that banks’ IT investment adds tangible value to their business.

For more information, please visit www.temenos.com.


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