Are you placing too much reliance on traditional credit scores to make important decisions about the creditworthiness of individuals? If so, you could be missing out on thousands of potentially high value customers.
LexisNexis® RiskView™ UK goes beyond traditional credit reference histories with alternative (non-tradeline) sources of data, to provide greater insight into the creditworthiness of an individual. Using datapoints taken from billions of UK consumer records, RiskView UK enables better informed credit risk assessments, including for customers who may have previously been un-scoreable, because they didn’t have a suitable credit footprint.
Delivered via API and web application, RiskView UK is a credit risk assessment tool that comprises a unique credit score, risk assessment, credit report and over 700 data attributes that can be built into organisations’ risk assessment models. RiskView UK is powered by Crediva, a LexisNexis Risk Solutions company.
Expand Addressable Market
Research this sizeable and valuable customer base
Improve Credit Risk Decisions
Leverage insights to differentiate between similar traditional credit profiles
Enable Financial Inclusion
Improve access to financial opportunities and help to ensure customers are treated fairly
Gain a Holistic View of Identity
Build a more complete risk profile of customers
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.
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.
Extensive Data Universe
Our data, covering almost all adults in the UK, is derived from multiple different public sources and data partnerships. It comprises the latest datapoints from billions of public and proprietary records. As we ingest new identity information, we don’t simply replace the data we have for a customer – we add to it. Current and historical data is part of the customer profile, to create a more complete view of the customer over time, and not just the latest snapshot.
We continuously update our data using our own unique identifier, LexID®, together with our proprietary statistical linking process which matches and connects disparate data to the appropriate customer records.
Sophisticated Analytics and Insight
We apply data science and leverage patented algorithms, predictive modelling, machine learning and advanced analytics to provide better decision intelligence.