Credit growth has stagnated over the last couple of years, leaving credit grantors to compete in an already saturated credit market. Inadequate credit data to vet thin-file and credit-invisible clients has resulted in high decline rates.
Using alternative data, CreditVision Link enables you to confidently serve these emerging consumer segments — striking the right balance between growth and risk. Our solution helps you determine future risk by providing valuable insights based on a number of predictive alternative data sources. This better positions you to make more informed decisions regarding opportunities to provide quality financial services to more consumers.
Together with traditional credit data scores, CreditVison Link will enable more accurate decisions that mitigate risk and help you identify high-risk and high-opportunity consumers.
Expand your portfolio by effectively scoring thin-file and credit-invisible consumers and providing competitive rates and terms.
Drive responsible growth and cultivate long-term loyalty by offering quality financial services to previously borderline or thin-file consumers.
Holistic customer views
CreditVision Link uses alternative data to give you deeper insights and a more complete customer picture. With a greater understanding of the future behaviour of thin-file and credit-invisible segments, you’re better able to offer the right products on the right terms.
Increased predictability
Combining Credit Vision Link with traditional credit data scoring solutions can improve the risk predictability of thin-file consumers by up to 25%.
Identify consumers in financial distress
Debt relief strategies implemented during the COVID-19 crisis have influenced delinquency data. This means past delinquency behaviour is no longer a strong predictor of future behaviour — particularly for consumers who applied for debt relief. CreditVision Link helps identify these consumers.
Resources
Unpack the most important facts, findings and insights held in this quarter’s infographic
The TransUnion SA Consumer Credit Index (CCI) fell to 54 in Q1 2022, falling from an upwardly revised score of 57 in Q4.
Streamlined Consumer Onboarding ROI Case Study
The TransUnion SA Consumer Credit Index (CCI) fell to 54 in Q4 2021, moderating from a downwardly revised score of 59 in Q3.
