Experian included in Now Tech Loan Origination Solutions report by independent research firm

COSTA MESA, Calif .– (COMMERCIAL THREAD) – Loan origination solutions help make loan applications faster and easier for borrowers and loan officers. Innovative solutions are less costly for lenders and allow clients to make more accurate and efficient decisions. With a diverse set of vendors to choose from, having expert knowledge and insight helps to make the most informed decision. Forrester Now Tech Loan Originating Solutions: Forrester’s overview of 23 loan origination solutions providers helps businesses understand the differences in vendor offerings and capabilities. This year, Experian® was included as a representative vendor in the mid-size category, and our PowerCurve business intelligence suite was cited.

The Forrester report suggests that lending business and technology professionals are looking for solutions that enable lenders to access data through APIs for credit decision making, have strong security practices, and data privacy, to integrate with third-party technology products and services, and to leverage explainable AI for underwriting. Solutions must also be well positioned to help the leader innovate.

“Today’s lending environment is complicated, with some consumers ready to spend again and others still mired in the financial stress of the pandemic,” said Donna DePasquale, executive vice president of global decisions at Experian. “Lenders need to be able to understand their customers and their specific situations. Having a strong loan origination solution, such as our PowerCurve platform, is essential. The future of credit risk decision making means asking less of your customers without sacrificing relevant, secure and convenient experiences.

Experian recently published an eBook titled Navigating a New Era of Credit Risk Decision Making that helps lenders navigate the complexities of today’s lending and credit landscape. The eBook also revealed which are the top five digital investing activities in the new era of credit risk management.

“Our research found that lenders are prioritizing digital transformation and the role of advanced data and analytics in improving the customer experience and the right loan origination solution will help businesses succeed,” DePasquale added.

Power curve, which is used by Global 2000 companies around the world, is a platform to help companies make analytical decisions and adopt the most effective decision management strategies throughout the customer lifecycle. . Highly configurable PowerCurve solutions are available in the cloud in all regions and cloud-based and preconfigured solutions vary by market.

About Experian

Experian is the world leader in global information services. During life’s greatest moments – from buying a house or a car to sending a kid off to college to growing a business by connecting with new customers – we make it possible 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 fraud and identity crime.

We employ 17,800 people in 44 countries and every day we invest 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 a lap global news blog for the latest news and ideas from the Group.

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

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