Experian Launches New Credit Reporting Agency to Deliver Cash Flow Insights
What's happening
Experian announced the launch of Experian Cashflow Data Bureau, Inc., a new consumer reporting agency that operates under the Fair Credit Reporting Act (FCRA). The bureau delivers consumer-permissioned cash flow insights intended to help financial institutions and banks support underwriting decisions. Experian says pairing cash flow insights with credit data can boost predictive performance by up to 40%.
Why it's trending
Lenders are looking for better underwriting signals now, and Experian is packaging cash flow data as an FCRA-governed product to meet that demand.
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Experian just turned permissioned bank-account cash flow into an FCRA consumer reporting product, here's what that actually does for underwriting today:.
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Original sources4
- Experian introduces Cashflow Data Bureau to power the next generation of underwriting
When cash flow insights are paired with credit data, Experian’s analysis shows a predictive performance increase of up to 40%. Source
Open Banking ExpoOct 7 - Experian Unveils New Consumer Reporting Agency for Cashflow Underwriting
Data analytics and consumer credit reporting company Experian is launching a new consumer reporting agency (CRA) called the Experian Cashflow Data Bureau. The new CRA’s goal is to help banks leverage consumer-permissioned cash flow insights to support underwriting decisions. The Experian Cashflow Data Bureau, which operates under the Fair Credit Reporting Act (FCRA), aims to Read more... The
FinovateOct 6 - Experian Launches New Credit Reporting Agency to Deliver Cash Flow Insights
Experian has launched a new consumer reporting agency that helps financial institutions leverage consumer-permissioned cash flow insights to support underwriting decisions, the company said in a Tuesday (Oct. 6) press release. The Experian Cashflow Data Bureau operates under the Fair Credit Reporting Act (FCRA) and builds on Experian’s experience in credit, consumer reporting and analytics, [̷
PYMNTSOct 6 - Experian launches Cashflow Data Bureau
Experian, a global leader in data and technology, today announced Experian Cashflow Data Bureau, Inc.
FinextraOct 6
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