Supporting the customer lifecycle, LexisNexis® RiskView™ UK adds the power of alternative data to a traditional risk score, enabling you to risk assess individuals more thoroughly than simply relying on their traditional credit history.
LexisNexis® RiskView™ UK goes beyond traditional credit reference histories to provide a second layer of risk assessment that augments a typical bureau credit risk score. Taking alternative credit data like high-cost short-term loan or online lending data, plus non-credit event data like asset ownership or property data, provides a more complete view of consumer circumstances for a risk assessment that assesses stability, ability and willingness to repay.
Delivered via API, batch and web UI (User Interface), RiskView™ UK can be used across the customer lifecycle for a better view of risk, affordability, financial stress or vulnerability. RiskView™ UK helps you to:
Unlike traditional Credit Reference Agencies’ risk scoring products, RiskView™ UK does not require consumers to have a previous credit history to provide a risk score and assessment.
Instead, it leverages alternative information from our extensive data sources, connects it to customer profiles using advanced statistical linking and uses predictive analytics to help support better credit risk decisions.
Over 7 million people in the UK are potentially financially excluded, due to having a limited credit history. There are many reasons why an individual may be in this situation. What value could you unlock, if you could score these previously un-scoreable individuals?
RiskView UK can help provide a more holistic view of an individual’s actual creditworthiness, enabling businesses to give access to fair and affordable financial services for millions more UK adults.