All posts by Guest Contributor

Consumer credit scores A recent survey* released by the Consumer Federation of America and VantageScore Solutions, LLC, shows that potential borrowers are more likely to have obtained their credit score than nonborrowers. 70% of those intending to take out a consumer or mortgage loan in the next year received their credit score in the past year, compared with 57% of those not planning to borrow. Consumers who obtained at least one credit score in the past year were more likely to say their knowledge of scores is good or excellent compared with those who haven’t (68% versus 45%). While progress is being made, there’s still a lot of room for improvement. By educating consumers, lenders can strengthen consumer relationships and reduce loss rates. It’s a win-win for consumers and financial institutions. Credit education for your customers>

Keeping your customers happy is critical to success. And while reducing fraud is imperative, it shouldn’t detract from a positive customer experience. Here are 3 fraud detection and prevention strategies that can help you reduce fraud and protect (and retain) customers.

Believe it or not, 66% of consumers want to see some visible signs of security and barriers when accessing their accounts so they can be sure that a transaction is more secure. Other takeaways from our 2018 Global Fraud and Identity Report

Competition is fierce. Expectations are high. Navigating a new market can be profitable — if managed strategically. Consider these actionable insights when entering a new market:

Trivia question: Millennials don’t purchase new vehicles. True or False?

When developing a risk model, validation is an essential step in evaluating and verifying a model’s predictive performance. There are two types of data samples that can be used to validate a model.

A summary of common resampling techniques that can be used to create a robust model development and validation sample.

Digital credit offers and regulations. There’s no question today’s consumers have high expectations. As financial services companies wrestle with the laws and consumer demands, here are a few points to consider:

The key to data isn’t just accessing it. It’s interpreting it — and using it to make better decisions that benefit your business and your customers.

Rather than reinventing the wheel, companies can leverage existing services to build more complex solutions and launch faster with APIs.

some synthetic identities are being used for purposes other than fraud. Here are 3 types of common synthetic identities and why they’re created

Model validation is essential in evaluating and verifying a model’s performance during development before finalizing design and implementation.

The business case for identity verification and risk assessment tools is most compelling when it includes a broad range of both direct and indirect factors. Here are 3 indirect measures we suggest you consider:

Market trends and insight from Q1 2018. The economy remains steady as we transition from 2017. Keep an eye on inflation and interest rates.