A new cloud-based service that lets consumer lenders improve loan quality and acceptance rates through the use of big data has been launched by Big Data Scoring and is now available for Lendfusion users.
Every day, lenders get many credit decisions wrong. The number of mistakes can be reduced with having more data about the people that apply for credit. Based on the industry leading Big Data Scoring solution, a new product has been launched – Digital Footprint Data. In a nutshell, the product provides additional valuable information about consumers and can be easily integrated to any credit scoring model. It also includes an advanced fraud detection solution that flags potentially fraudulent behavior and helps combat various types of fraud.
When signing up for the service, lenders get access to up to 50 additional data points about each potential borrower that helps make better and more profitable loan decisions. For Lendfusion clients, Big Data Scoring offers the service free of charge for the first 30 days!
For more info, please drop an email to firstname.lastname@example.org or email@example.com
Big Data Scoring is an essential tool for use by banks and financial institutions to determine the creditworthiness of individuals based on data secured online. It does this by tapping into the broadest source of information from across the Internet, using all publicly available information. This intelligent research brings lending into the digital information age allowing lenders to make informed credit decisions. www.bigdatascoring.com
LendFusion is a hosted software platform that helps alternative lenders to manage the smooth running and expansion of their business. This software enables lenders a scalable platform developed with a combination of innovative technology, strong experience and an imaginative approach to lending online. LendFusion is the easiest-to-use and most efficient platform currently available in the world. www.lendfusion.com