Resources

Give your customers the transparency they want (and get the insight you need) Now more than ever, your consumers seek to have a clear understanding of their current credit status and how lenders view them. FICO® Score Open Access enables you to build loyalty and trust with your consumers by sharing the FICO® scores you already use […]

We’re all aware that 2021 brings with it a certain degree of economic uncertainty. It’s critical that you are equipped to evaluate and balance your portfolios to accommodate rapidly changing conditions quickly, efficiently, and responsibly. In order to more accurately set your ALLL reserves for your Q4 2020 Call Report, I recommend you consider FICO® Resilience […]

Bring more consumers into view Start ahead with consumer-permissioned utility and telco data. To close this gap, you need a broader view of consumers. Consumer-permissioned utility and telco data from Equifax allows you access to payment histories from over 6,000 electric, natural gas, water, waste, cable, telecom, and internet providers.  Utility data has the power to […]

Rethinking lending & credit in a post-covid world The COVID-19 crisis has increased the need for digital lending platforms and processes more than any previous event. To respond to the needs of current borrowers and to serve the needs of future borrowers, banks and credit unions must simplify borrowing and provide more options for consumers […]

Stay in-the-know about your customers’ employment and income changes While there’s been recent improvement in the nation’s unemployment rate, layoffs don’t seem to be slowing down, according to Marianne Wanamaker, a labor economist at the University of Tennessee, Knoxville. This could mean your customers are experiencing a financial change you don’t know about yet.  Strengthen your existing […]

Better decisions start with a broader view Start ahead with consumer-permissioned data. Yet, many of these consumers exhibit financial responsibility by paying their bills on time. Consumer-permissioned data is financial information a consumer voluntarily consents access to, like utility and telecom payments or bank transaction records. Layering consumer-permissioned data sources on traditional credit data can move […]

Expanding data creates decisioning flexibility To make better risk assessments and lending decisions, you need a 360-degree view of someone’s financial profile. Because in reality, consumers are so much more than just credit-specific information. Start ahead with Equifax. Start strong with expanded data from Equifax. We put the credit file at the center of everything — […]

Plan for 2021 with confidence As you strategically plan and budget for 2021, we’d like to remind you that Equifax provides clients with a wide range of solutions and capabilities beyond our traditional credit reports. As many of your peers in the industry have discovered, a Business Review is a great way for us to learn more […]

How Banks and Credit Unions Must Prepare By Steve Cocheo, Executive Editor at The Financial Brand The COVID Slump is a very different recession. In some ways, it’s nobody’s fault. But an Accenture expert says that a careful balance is needed from lenders because it is possible for even a well-intentioned move to make the situation far […]

By Jim Marous, Co-Publisher of The Financial Brand, Owner/CEO of the Digital Banking Report and host of the Banking Transformed podcast. The COVID-19 crisis has increased the need for digital lending platforms and processes more than any previous event. To respond to the needs of current borrowers and to serve the needs of future borrowers, banks and credit unions must simplify borrowing […]