| October / November
2004
Experian Decision Analytics
launches regulatory relations initiative
With the growing complexity of risk and regulation in today's
financial services industry, Experian Decision Analytics is leading the way
to communicate with regulatory agencies, educating them on the
latest advanced risk solutions used by the industry. The advancement
of scoring models, as well as Basel requirements, has resulted
in the need for a higher level of training and understanding by
regulators in these areas. As a result, Experian Decision Analytics is sharing
our client's experiences and needs with the agencies that regulate
them and, in turn, we're communicating with clients about current
and emerging regulatory issues. In the last two months, we have
held several training sessions with federal agencies and more
events are scheduled. Evidence of our training's effectiveness
came when a client recently indicated their primary regulator
was knowledgeable about Experian Decision Analytics' latest offering, Scorex
PLUSSM, a new bureau risk score. Other initiatives under way include
an upcoming Regulatory Relations web page on the Experian Decision Analytics
website and participation by the regulatory agencies in sponsored
conferences.
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Strategic roadmap:
This consulting process identifies, clarifies and prioritizes your business
needs, enabling a clearer vision throughout the business and accelerating
benefits historically overlooked. In addition to identifying the key
business initiatives required to maximize profits, Experian Decision Analytics assists
in synthesizing and prioritizing these initiatives based on implementation
complexity and estimated financial impact. These initiatives fall into
four business areas-- origination, acquisition, customer management
and collections-- and cover marketing, credit risk and fraud issues.
Health check:
Experian Decision Analytics' consultants work with your organization, reviewing
existing policy and operational processes and making pragmatic suggestions
for improvement. Health Check enables credit managers to ensure their
scoring models and strategies perform as desired. A high-level review
of sales, marketing, communication, data, reporting, analytical tools
and strategy management efforts is executed in the context of existing
processes versus best practices, as well as theory versus practice.
Internal inconsistencies are also ferreted out to assist in setting
new rules and objectives for increased efficiencies.
Strategy review:
Experian Decision Analytics consultants work closely with your organization to design,
review and update current business strategies. This is accomplished
in six phases:
- Planning phase - A stakeholder discussion reviewing project boundary issues, current objectives and identifying future objectives and milestones.
- Review phase - Review current policy and operational issues, scorecard and model efficiency, and results from previous tests.
- Design phase - research, develop and design new strategies, confirming objectives and key success factors.
- Implementation phase - Identify issues within live environment, including audit strategy flows, reporting and operations and examining feedback from operational areas.
- Monitoring phase - Review initial reports to identify unexpected issues, review results monthly to identify trends and consider pertinent benchmark data.
- Reporting phase - Hold quarterly review to assess interim results and hold annual meeting to review year-end results and develop next strategy designs.
October 24-28, 2004, Boca Raton Resort & Club, Boca Raton, Fla.
Session topic: Maximizing acquisitions through advanced scoring
technology
Today's lending environment is more competitive than ever and financial
institutions require sophisticated tools which maximize growth in booking
volume while minimizing exposure to risk. This session will focus on
demonstrating how Scorex PLUS, a revolutionary new bureau risk score,
can meet those needs. Hear case study results demonstrating the power
of the score and learn about key advantages in the context of current
bureau score market and regulatory market acceptance. The session will
also include success strategies for transitioning to a new bureau risk
score.
Session topic: Opportunities and challenges of automating the application
decision process for small business
Pacific Capital Bancorp will share the opportunities and challenges
they encountered while automating the application decision process for
small businesses loans, lines, and leases. This session will discuss
best practices and policies in designing and implementing an application
processing system and will highlight the financial benefits obtained
from automating small business decisions.
Session topic: Effectively utilizing strategy management systems
to streamline collections operations
Are you seeking to enhance the efficiency of your collections group
to lower costs or increase capacity? If so, you will want to attend
this session. Case studies from two successful Portfolio Management
Package users will highlight how this cost effective bureau service
can be utilized to achieve impressive results.
Announcement: Fraud solutions offering expands
Experian Decision Analytics and Experian recently made a major step toward offering
a powerful and fully integrated identity authentication, transaction
monitoring, fraud detection and fraud investigation solution with Experian's
acquisition of Americas Software Corporation (ASC). ASC develops regulatory
compliance software systems that provide anti-money laundering solutions
for banks and other financial institutions worldwide. Federal regulations
imposed by Section 326 of the USA PATRIOT Act require companies to develop
and implement a customer identification program to protect the U.S.
financial system from money laundering, terrorist financing, identity
theft and other forms of fraud. Experian and Experian Decision Analytics will announce
exciting advances in the way we serve our customers' fraud prevention
needs at the Vision Conference 2004. Read
more about Experian's acquisition of ASC.
The new world of bureau risk scores: Scorex PLUSSM - Oct. 14,
2004, 2 pm Eastern
Until now, you've had two scoring alternatives for managing risk: traditional
bureau risk models (that often fall short in predictability) or more
costly custom models. Experian Decision Analytics developed Scorex PLUS to give
you a more precise, high-performance scoring alternative. Register
now!
Making optimized decisions: Steps to a true optimal solution
- Nov. 4, 2004, 2pm Eastern
Meet business goals while satisfying real-world business constraints
with optimization. This Webinar shows you how to achieve significant
competitive gains such as 120+ percent improvements in "good"
balances on credit cards or 10 -100+ percent improvements in marketing
performance. Register
now!
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