Experian, Risk Factor Solutions join to offer risk analysis

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Risk Factor Solutions Limited , providers of the market leading portfolio risk management application riskFactor, has linked up with Experian ^®, the global information solutions company, to enhance its offering to the commercial finance industry.

 

The alliance between Experian and Risk Factor Solutions will bring major risk management benefits to the industry - helping to minimise the risk of bad debt and fraud in the sector.

 

As Experian's latest alliance partner, Risk Factor Solutions will be integrating a selection of Experian's commercial credit data as a module of riskFactor.  This data includes Experian's risk scores and credit limits, payment information and the option to download industry-specific business credit reports for more detailed risk information.

 

As part of the agreement, Experian will also be providing its constant monitoring service through riskFactor - which will use the data to provide automated alerts to users on any events that may affect a lending decision.  This monitoring includes both business performance attributes, such as likelihood of company failure, payment behaviour data, and alerts for key company events, including CCJs, winding up orders and changes to parent company, registered office or directorships.

 

These automatic alerts focus the user's attention more quickly towards those clients and debtors representing high levels of risk so that action can be taken earlier to avoid suffering bad debts.  The Experian data can also identify where debtors are paying lenders more slowly than other sales relationships.

 

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