Credit and Collections: Make better decisions about providing markers
Supplementing Gaming-specific credit data and data provided by conventional credit bureaus, LexisNexis Risk Solutions offers deep and broad alternative data sources such as property values, education attributes, and utilities payment history to enable better credit decisions. Access to such robust, diverse data sources helps you better predict the behavior and associated risk of individuals with limited or no credit history—a segment that represents over 50 million adults in the U.S.1 This might be particularly important for Gaming companies that are trying to engage younger demographics who might have limited credit history and limited or no history of Gaming credit. Importantly, because financial health is not static, our solutions also help you continuously monitor and assess credit risk over the lifetime of your relationship with a player.
Our solutions help you:
- Accurately evaluate creditworthiness of up to 95% of applications
- Assess risk associated with international customers
- Determine the appropriate marker value to offer based on risk profiles
- Identify good candidates for credit line increases to optimize profitability
- Continuously monitor your credit portfolio for new red flags that require re-evaluation of a patron’s credit line
In addition, our compliance solutions can integrate with your credit risk processes to help you avoid offering markers to individuals that present AML compliance risks.
Locate debtors faster using unmatched public records data
LexisNexis has information on more than 500 million consumer identities and 1 billion business contacts to help you boost right-party contacts by up to 30 percent and reduce financial losses due to bad debt. Our collections solutions feature a unique combination of data, tools, analytics and services that help you:
- Locate your debtors faster
- Determine their ability to repay
- Effectively segment and prioritize account collections
- Leverage critical decisioning insights to collect faster with less resources
Enhance revenue, maximize operational efficiency and collect with confidence with LexisNexis.
11 Source: http://www.thestreet.com/story/13139040/1/new-fico-credit-scoring-method-to-help-unscorable-borrowers-get-loans.html