CL Verify UK, a real time credit reporting agency, has launched Fraud and Banking Solution, to provide lenders, credit issuers and collection firms with access to predictive information available for evaluating UK consumer credit risk.
Reportedly, the solution combines more than 20 years of UK and IRE bank account performance information with the company’s analytic experience to deliver over 30 identity, bank account and financial performance attributes along with two predictive scores.
The company has claimed that it is built using data sources, coupled with the power of the PreView Technology platform and the experience of the US real-time credit bureau. The tool allows users to effectively decision UK consumer credit applications in real-time. By minimising fraud risk and reducing payment defaults and charge-offs, Fraud and Banking Solution users can deploy lending strategies which optimise Total Portfolio Profitability.
