Commercial Empire.- As businesses around the world face rapid change and look for new ways to improve their businesses, Experian® is ushering in a new era of simplification, scalability and automation by introducing new enhancements to its cloud-based technology platform with Experian Ascent technology. Platform™. Now, Experian’s award-winning platform integrates and integrates software tools for credit risk analysis, decision-making and identification and fraud prevention, simplifying the construction and deployment of sophisticated analytical models and enabling organizations to frequently improve their processes and strategies. Achieving greater efficiency with less investment of time and money.
Experian’s enhancements were unveiled to more than 500 business leaders during its annual Vision 2024 conference in Scottsdale, Arizona, and represent a significant evolution in software solutions for credit-related organizations.
This is important because:
- The world’s leading technology companies have built seamless user experiences and integrations between software components through single sign-on, data portability, and sophisticated low-code or no-code functionality and platforms.
- Historically, this kind of integrated experience has been unattainable for many organizations, especially those in the financial services industry.
- Typically, companies purchase individual software solutions from different vendors, use different types of tools and applications in different cloud environments, and go through complex and time-consuming processes to integrate everything.
- This piecemeal approach unnecessarily extends deadlines, raises security concerns and creates operational problems. This increases costs and the potential for errors or downtime because these structures are only as strong as their weakest link, causing problems when one component fails.
“IT services companies are increasingly offering their software portfolios as integrated platforms that deliver scale, efficiency and productivity,” said Raymond Busey, IDC research director of global credit digital strategies. “For lending institutions, enterprise architectures like Experience Ascent’s technology platform enable faster credit decision-making, higher credit quality and stronger risk management, expanding customer relationships and driving business growth.”
Experian’s platform updates represent a significant milestone, driven by significant investments in innovation Experian has made over the past eight years as part of its modern cloud transformation.
“Our mission is to build world-class software and support organizations around the world on their path to more sophisticated fraud detection and prevention, marketing and credit strategies,” said Alex Lintner, CEO Experian Software Solutions. “The evolution of our platforms reaffirms our commitment to driving innovation and empowering businesses. Its capabilities are unmatched and represent a significant improvement in lending, access to data and sophisticated analytical methods in a regulatory-compliant manner, while enabling businesses of all sizes to confidently verify the identity of their customers with access to credit and engaging Delivering user and customer experiences.”
An integrated, simplified and scalable approach
The Experian Ascent platform optimizes and reduces installation time and provides unified access to our award-winning Experian integrated tools and solutions from our PowerCurve decision automation, CrossScore identification and fraud control portfolios, Ascent Advanced Analytics and state-of-the-art scoring portfolios..
The The platform leverages AI and enables customers from organizations of various sizes and experience levels, transition between applications, automation of processes, modernization of operations and mobility of efficiency. Additionally, customers already using Experian solutions can easily add new capabilities through the platform to improve business results.
For example, Lendr, a specialized fintech offering financing solutions for small businesses, uses the power of the platform to improve competitiveness and make informed decisions.
“Using the Experian Ascent technology platform has significantly strengthened our agility and competitiveness, allowing us to make more informed, data-driven lending decisions while significantly reducing time to market,” said Daniel DeMeo, Lender’s CEO. “Experian’s platform enables us to provide the scalability we need to stay agile, compete effectively and mitigate losses – ultimately helping us double our business over the past year.”
Other key features and benefits of the site:
– Analysis and model development: Customers can easily access and leverage Experian data and loan attributes with powerful analytics tools to derive insights and build interpretable models. Our solutions from the Ascent portfolio and the Advance family of scores are integrated.
– Quick Model Sorting: Build, test and deploy models in days instead of months, streamlining processes and improving customer experiences. It integrates our solutions from the Ascend Analytical Sandbox and Ascend Ops portfolio.
– Automated decision making and risk reduction: It allows secure and automated decision-making and reduces risks throughout the customer lifecycle, guaranteeing efficient operations and better results. Our PowerCurve portfolio is integrated.
– Identity and Fraud Prevention: Experian’s platform quickly stops fraudsters and streamlines consumer experiences through a suite of software services powered by advanced AI analytics and extensive data assets across digital identity, device intelligence, behavioral analytics and lending opportunities. It provides unmatched identity verification and fraud risk detection, helping businesses increase revenue through seamless consumer experiences and reduce exposure to fraud losses. Our CrossCore portfolio is integrated.
– Experience with Managed Services: While the platform offers automation and low-code functionality, customers can access Experian’s expertise and top talent through its professional services, democratizing advanced analytics techniques for organizations regardless of their resources or analytics experience.
– Monitoring and feedback Continuous: Get continuous monitoring and feedback to adapt strategies in real-time and stay ahead of evolving challenges.
– Unprecedented Security: The platform is fortified with encryption, strong access controls, and proactive threat detection, while maintaining high availability and enterprise-grade performance.
