Fair, Isaac and Company, Inc. and Experian jointly announced Thursday the Vista account management risk score service to help small business credit grantors better manage their customers. With Vista, credit grantors have a more complete view of small business customers’ credit performance to increase their ability to detect and react to delinquency. By combining the sophistication of Fair, Isaac’s predictive models and Experian’s extensive databases, Vista provides a comprehensive solution that helps control credit quality, minimize expenses and increase customer retention.
“We’ve developed Vista to provide credit grantors with a tool to detect that a customer may have become a higher risk before the small business stops paying,” said Latimer Asch, vice president of Commercial Markets at Fair, Isaac. “Vista allows streamlining of the annual review process while reducing unnecessary servicing costs.”
“Fair, Isaac’s predictive models pull data from Experian’s extensive databases offering users a broader view of account performance by looking at customers’ credit obligations,” said Scott Bronstein, director of product marketing for Business Information Services at Experian. “Experian’s strength in its commercial and consumer files are key to effectively assessing small business risk.”
Fair, Isaac ([www.fairisaac.com]) helps businesses worldwide maximize the value of data to make more profitable decisions about their customers, operations and portfolios. Known for its pioneering work in credit scoring and its use of data in transaction-level decisions, Fair, Isaac now delivers data management services, analytics, software, and consulting to the financial services, direct marketing, personal lines insurance, retail, and healthcare industries. Headquartered in San Rafael, Calif., Fair, Isaac employs 1,500 people in 17 offices worldwide. For more information, contact Fair, Isaac at 800-999-2955.
Experian ([www.experian.com]) — a global information solutions company headquartered in Orange, Calif., and Nottingham, UK — is a leading supplier of consumer and business credit information, credit scoring and software solutions, and direct marketing services. Including recent acquisitions Metromail Corp. (April, 1998) and Direct Marketing Technology, Inc. (April, 1997), Experian employs nearly 11,000 worldwide with 7,500 employees in the United States. Annual sales are about $1.5 billion. Experian is a subsidiary of the Great Universal Stores P.L.C., a UK-based holding company that includes home shopping, retail, property investment, finance and information services businesses.