Experian unveils credit application processing system

Internet Business News, June 14, 2001

INTERNET BUSINESS NEWS-(C)1995-2001 M2 COMMUNICATIONS LTD

The US/UK-based information systems provider Experian has expanded its e-series range of web-enabled business solutions with e-customer, a new credit application processing service.

The automated service enables financial service providers to process, score and approve credit applications on the Internet and via other online channels, eliminating the need for manual operations. Users will be able to apply the scoring rules in accordance with their in-house risk strategies, with the service delivering a credit score and a decision to the lender through rapid access to Experian's consumer credit database.

Experian believes e-customer will be especially beneficial to companies looking for an Internet-based route to market for their new consumer credit products and to companies that are not yet fully exploiting the potential of the Internet for their existing range of credit products. Availability and pricing were not disclosed.

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