In this use case, financial services turn to Equifax to find data to validate risk.
Situation: Company turns to Equifax for data to validate risk and acquisition models
of a newly acquired credit card portfolio.
Equifax provides the financial services firm with over 40 historical data attributes including data from credit files as well as trended data to enable it to validate the acquired credit card portfolio.
Historical data can help the firm to analyze the risk and acquisition models of the acquired portfolio.
By using Equifax data to validate the acquired credit card portfolio models, the financial services firm can:
Results may vary based on actual data and situation.
Gain confidence in transitioning existing cardholders to the new version of the card
Rely on the models to meet business objectives and risk thresholds as new cardholders apply and transact