How can financial institutions enhance their credit, fraud and analytics operations? CEO of Experian Software Solutions Alex Lintner discusses the transformative power of the Experian Ascend Technology Platform™ in his interview with DigitalJournal.com: https://lnkd.in/g3U42GbD #FinTech #Credit #FraudPrevention
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This should be on the forefront of your planning/budget meetings! Technology is key to growth and it doesn't have to be complicated. Experian works hard to integrate with your core and LOS, so that you can provide a higher level of service to your members and/or potential members. Automation in your lending/new account workflows include solutions that cover; decisioning, pre-screen, pre-qualification, income verification and fraud mitigation to name a few! Not to mention the many partnerships we have to bring you data, the way you need it, for the entire member lifecycle. If you are looking to enhance your member relationships with technology, Experian should be on the top of your list. #experian #creditunion #membership #growth #data #technology
Enhancing member relationships through technology - CUInsight
cuinsight.com
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Navigating the credit industry can be a maze, but CRS is here to simplify the process for you. As a certified CRA, we have direct API integrations with Equifax, Experian, and TransUnion, making us your one-stop shop for credit, fraud, and compliance needs. Here are some key points to note: #1 CRS is designed for businesses with a permissible purpose to access consumer credit reports. #2 Setting up with our credit API is a breeze. Contact our sales team, execute the contract, and we'll set up the credit API connection tailored to your requirements. #3 Our credit API setup typically takes 5 to 7 business days, depending on your requirements. #4 CRS credit API is a web-based interface compatible with any client-side environment. All you need is the ability to post requests via HTTPS with 128 bit SSL encryption. #5 Get credit reports and data in seconds. It only takes 2 to 3 seconds for a single-bureau credit report and 11 seconds for a tri-bureau merged credit report. #6 Our credit API is available 24/7 with 99.9% uptime. #7 We support a variety of data formats including HTML, MISMO, PDF, TEXT, XML, X12. #8 Our credit API supports both asynchronous and synchronous communication via HTTPS post. #9 We offer over 30 predefined, customizable templates for structuring your credit reports. #10 Yes, we do support credit card payments and credit scores are accessible via our credit API. Navigating the credit industry doesn't have to be a hassle. With CRS, you can get the credit data you need, when you need it. Ready to streamline your credit data management? Connect with us today, or tag someone who could benefit from our cutting-edge solutions. Let's transform the way you handle credit data together!
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How can financial institutions transform their credit, fraud and analytics operations? In a recent Q&A with Digital Journal, Alex Lintner explores how Experian's Ascend Technology Platform helps FIs do it: https://lnkd.in/gqGXP9iX
Q & A: AI’s path to improve credit, fraud and analytics
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Want a powerful tip to boost your credit dispute success? 🚪🔑 Use the Equifax backdoor method to update your personal information before disputing negative items! 💳✨ Here’s the trick: Before you start disputing collections or charge-offs, update your personal details (like your name, address, or employment info) with Equifax. This can help disassociate your personal information to the negative items on your credit report. Once updated, your disputes are more likely to stick! 📄💥 #CreditRepairHacks #EquifaxBackdoor #FixYourCredit #DisputeTips #CreditScoreBoost #CreditRepair
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OCCAM: Bridging the Gap Between Consumers and Financial Fairness in Light of the CFPB’s 2023 Report The Consumer Financial Protection Bureau's (CFPB) Annual Report for 2023 illuminates significant challenges consumers face in the financial landscape, particularly in credit reporting and banking services. This summary not only reflects the key findings of the CFPB but also underscores OCCAM’s (Organization for Consumer Credit Advocacy and Mediation) pivotal role in addressing these challenges. Key Findings from the CFPB's 2023 Report: Dominance of Credit Reporting Issues: Over 81% of the complaints received were related to credit or consumer reporting, spotlighting the pervasive issue of inaccuracies in credit profiles which could potentially hinder consumers' financial opportunities. Banking Services Discrepancies: A substantial number of complaints highlighted issues with unauthorized transactions and challenges in account management, indicating a significant trust gap between consumers and banking institutions. Fraud and Identity Theft: Across various financial products, consumers reported fraudulent activities, notably in debt collection and credit card services, emphasizing the growing concerns over financial security and privacy. OCCAM stands at the forefront of consumer advocacy, leveraging the insights from the CFPB’s report to empower its network of highly trained advocates. Our mission extends beyond merely addressing individual complaints; we aim to foster systemic changes that enhance transparency, fairness, and accuracy within the financial industry. OCCAM's Role and Mission in Addressing the Challenges: Advocacy and Mediation: OCCAM’s advocates are equipped with specialized training and resources to navigate the complexities of credit reporting and banking disputes. By mediating between consumers and financial institutions, OCCAM plays a crucial role in correcting inaccuracies and resolving disputes. Educational Outreach: Understanding the intricacies of financial products can be daunting for many consumers. OCCAM commits to demystifying these complexities through educational programs, empowering consumers to make informed financial decisions. Legislative and Regulatory Advocacy: Armed with data and insights from the CFPB’s report and our own advocacy experiences, OCCAM actively engages with lawmakers and regulatory bodies. Our goal is to influence policies and regulations that prioritize consumer rights and ensure equitable financial practices. Strengthening Industry Standards: OCCAM collaborates with ethical businesses within the financial industry, advocating for practices that uphold consumer interests. Through these partnerships, we encourage the adoption of standards that mitigate the issues highlighted in the CFPB’s report. https://buff.ly/4apWI0G
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Senior Talent Acquisition Partner @ Fiserv | Leading Results in Tech Recruiting, Recruitment Marketing, Candidate Experience, and DEI
Over 26 million Americans are "credit invisible," but what does that mean and how can it affect you? According to the Consumer Financial Protection Bureau being credit invisible means common credit score models have insufficient data to give an accurate read and can signal risk to financial institutions that may deny loans, issue false declines, and have outdated data. Fiserv and Microsoft are working together to outline the transaction characteristics across 3,500 dimensions to verify and validate people and businesses' identities.
Shining a light on the credit invisible
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Navigating the pros of Credit Cards in professional and personal finance In the financial toolkit, credit cards wield significant advantages, particularly for those aiming to optimize their financial health and safeguard their purchases. Here's a breakdown: ✔️ Credit building: An essential asset for professionals, credit cards offer a pathway to constructing a robust credit history. Timely payments and judicious use can boost credit scores, facilitating better loan terms and financial opportunities. Moreover, the perk of complimentary credit monitoring underscores the value of credit cards in financial planning. ✔️ Enhanced purchase protections: Beyond mere payment convenience, credit cards often come with extended warranties and insurance on purchases, exceeding retailer or brand offerings. This added layer of protection can be invaluable for both personal and business expenditures, ensuring your investments are safeguarded. ✔️ Superior fraud protection: The security features of credit cards offer peace of mind, with consumer liability for unauthorized transactions capped at $50, provided the loss is reported promptly. This contrasts with the more stringent timelines and higher liabilities associated with debit card fraud. Embracing credit cards responsibly can unlock a suite of benefits, from building credit to ensuring purchase protection. As professionals, understanding and leveraging these advantages can contribute to a secure and prosperous financial landscape. #CreditCardBenefits #ProfessionalFinance #SecureSpending
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Realtor & CEO of Chasing Rainbows Phoenix 🏳️🌈 | Public Relations & Social Media Coordinator | Softball & Basketball Coach | Girl Mom
Maintaining a good credit score is essential for financial success, especially when considering major investments like buying a home or securing a loan. Here are some of the best free tools to check and improve your credit score quickly: 🔹 Credit Karma: Weekly updates from TransUnion and Equifax, along with personalized recommendations. 🔹 Credit Sesame: Monthly updates, including identity theft protection. 🔹 WalletHub: Daily updates on your TransUnion score and personalized insights. 🔹 Experian: Offers a free Experian report and FICO score, in addition to credit monitoring. 🔹 CreditWise by Capital One: Provides weekly updates and alerts for significant changes. Quick Tips to Boost Your Credit Score: - Pay down credit card balances - Make payments on time - Increase credit limits - Dispute errors on your report - Keep old accounts open - Limit hard inquiries Empower yourself with these resources and tips to achieve a better credit score. For all the links and information, read my latest blog: https://lnkd.in/gV6AgztR #CreditScore #FinancialTips #RealEstate #HomeBuying #CreditKarma #CreditSesame #WalletHub #Experian #CreditWise #ChasingRainbowsRealEstate
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Why is Equifax So Difficult to Use for Credit Lock Services? Answers: https://lnkd.in/gpTCYTsh #EquifaxStruggles #CreditLock #ConsumerRights Hey everyone! 🌟 So, I've had a bit of a rollercoaster experience with my credit locks lately, and I just have to vent a little bit about Equifax. 🙄 I managed to lock my credit with Experian and TransUnion without breaking a sweat this morning. But with Equifax? Wow, what a headache. They’ve got this thing called "Lock & Alert," which sounds cool in theory, right? But here’s the kicker: when I signed up, I ended up getting blocked and had to jump through hoops calling customer service. 📞 Turns out, the "Lock & Alert" product is only available for those affected by the infamous 2017 data breach. Like, seriously? It feels like a slap in the face. 😩 Here's why these kinds of issues can be such a pain for users: Accessibility Issues: Not everyone affected by the breach can easily navigate these systems, and it leaves many feeling frustrated and helpless. Customer Support Maze: Trying to get help can mean long wait times and a confusing process, which only adds to the stress. Feeling Vulnerable: With billions of Social...
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Coverage for the FICO consumer survey results in the Financial Times Adam Davies discusses the perhaps surprising results that for 69% of people in the USA good fraud protection is a top three consideration when they choose a new financial services provider. It was more important to them than ease of use and value for money or any of the other factors they could have selected. #fraudtrends #fraudprotection #fraudprevention #CEX https://lnkd.in/gfrFScus.
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