Real world best practices for conducting background checks on existing employees.

9 characteristics of the underbanked market. LexisNexis® Risk & Information Analytics Group conducted two research studies aimed at quantifying and understanding the credit performance of the underbanked population. The results revealed large untapped segments that are favorable for expanding your lending universe.

Scoring Thin Credit Files The three major credit bureaus – Equifax, Experian, and TransUnion — maintain records on 172 million adults that contain enough data on fle to create a credit score using automated systems. Those adults represent 75% of the total adult population in the U.S. There are another 24 million adults about whom the credit bureaus have no information at all. And falling betwe...

Lexisnexis Risk Score For Subprimes The largest untapped market for new credit card customers in the United States are the 50 million consumers with inadequate credit-bureau data to generate a desirable FICO score. They are immigrants, young adults, people who were recently widowed or divorced, and consumers who rely on cash. Only about 50% of them have credit cards compared with 90% saturat...

This joint solution leverages LexisNexis Risk & Information Analytics Group advanced fraud prevention and customer verification technologies driven by rich and dynamic data sources, and leverages Actimize’s leading transaction monitoring platform and comprehensive case management workflow application.

To achieve growth, lenders must always be on the lookout for new, creditworthy customers, but this process has become increasingly difficult in a competitive mar-ket with an oversaturated customer base. Make no mistake — the pool of potential borrowers is shrinking. There is an urgent need to consider emerging, nontraditional technologies to facilitate growth.

Alternative Lending Nontraditional credit data for Decisioning credit scoring is gainingacceptance among lenders seeking new sources of growth.

LexisNexis® Risk Management, a leading provider of legal, news, business information and risk management services, and Intelligent Results, a pioneer in customer analytics software for financial services companies, today announced an alliance to create a hosted solution for the collections industry that will speed operational efficiencies and increase agency revenue streams.

LexisNexis’s Accurint for Collections is a web-based skiptracing tool that helps collectors sift through thousands of data sources, from phone directories to property records to motor-vehicle registrations. Using a person’s name, Social Security number, or some other identifier, Accurint for Collections links to multiple data sources and will list every match. For instance, Accurint has 22 yea...

Automation, intelligence sophistication and contactability are all forcing changes in the collection industry. Years ago, collection agen-cies were chasing after more cash-available accounts. Today, there are more delinquent accounts backed by credit-only resources. With more accounts to work through, the ability to quickly capture the information most pertinent to collection professionals has ...