Experian and Temenos have agreed to expand their collaboration to help financial institutions streamline credit decision making process.
The move will involve the addition of Experian’s PowerCurve decision management suite to the digital banking product Temenos Infinity.
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The combined offering will come with preconfigured solutions for lenders to support decision-driven business processes.
According to Experian, the integration is expected to benefit financial institutions of all sizes and help them in taking real-time decisions.
Experian North America Decision Analytics president Robert Boxberger said: “During this unprecedented time, organisations have to be agile in how they approach the user journey. Through this integration, we’re harnessing the power of data and technology to enable financial institutions to make real-time decisions that maximize opportunities, mitigate risk and improve the customer experience.
“These combined offerings showcase our commitment to continually innovating and finding effective, secure solutions for decisioning automation that businesses can easily scale and rapidly deploy to meet today’s emerging needs.”
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By GlobalDataExperian’s credit decision management suite includes Instant Prescreen capability. This allows the user to make firm offers of credit instantly to qualified customers.
It also features Prequalification which prequalifies consumers for loan products in real-time based on data.
Additionally, the suite includes Instant Credit capability to evaluate loan eligibility of the applicants.
Temenos Infinity North America Business Solutions Group SVP Larry Edgar-Smith said: “We are excited to combine our market-leading banking software with robust data and real-time, automated decisioning from Experian to help financial institutions attract prospects and turn them into account holders.
“It’s a natural evolution to our integration with Experian as lenders and consumers alike continue to demand automated decisioning, relevant digital experiences and frictionless access to their credit options.”
In March, FinScore partnered with Experian to drive financial inclusion in the Philippines.
