The Commercial
Financial Network
Get Greater Configurability for Increased
Predictiveness of SMB Risk
January 11, 2018
Introduction
Access to working capital is crucial to small business success.
But in the last four years, 29% of small businesses report having
their lines of credit reduced. Nearly 10% were required to pay off
the credit before the end of the loan term.
To help reduce risk, make smarter lending decisions and optimize
performance, commercial banks and lenders need access to small
business credit and payment data, but accessing this data is really
just the beginning.
For true lending success, this data must also translate into customizable,
actionable insights that increase predictiveness and provide a better
understanding of business credit risk. In addition, lenders need to be
able to configure scores, rules and models to help meet unique business
requirements, situations and strategies.
Increased Data and Configurable Insights
Lenders can help solve these challenges with the Commercial Financial
Network (CFN), an ever-expanding network of data powered by the
revolutionary technology and analytics of Equifax Ignite
TM
. The CFN offers
lenders access to multiple and configurable data sources — that extend
beyond traditional financial information with trended attributes, and
NeuroDecision
TM
Technology (NDT) to help tailor models specifically
to their needs.
With these deeper insights, driven by a configurable approach, lenders gain
the broader view of small business credit risk needed to fuel portfolio growth.
A Configured Approach to Smarter Lending
A configured approach allows lenders to quickly and effectively address
specific small business needs by choosing the precise pieces needed to
reach an educated decision. Simply put, creating a unique combination
of data, scores, analytical approaches and strategies will help lenders
make smarter decisions and maximize performance across their
commercial portfolio.
