CHP Consulting has launched Business Rules Engine (BRE) – a
scorecard engine that plugs into the company’s ALFA system and
provides “tree” or “table top” decisions to lenders.
Two lenders which are “household names”, one in the UK and one
in the US, have already adopted BRE within their lending
operations, and further implementation is more than likely as the
economic downturn lifts.
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Andrew Denton, director of sales and marketing at CHP, said: “It
makes available a credit analysis, including search criteria, for
evaluating a potential customer at the point-of-sale, and also
later on when that customer’s retention is being considered by the
lender. It can be updated and amended as the initial loan proceeds
and the lender’s profile evolves and changes.”
Denton contends that during the time of economic boom, demand
for technology tended to be focused at attracting new
businesses.
“This is changing,” he said. “Already we are witnessing a move
of emphasis towards back-end systems with the need to process bad
debt and arrears, and increase operational efficiency and customer
retention.”
Meanwhile, Experian has launched Universal ID Check, a
multi-channel authentication system designed to enable lessors and
other lenders to verify the identities of residents from some 24
countries worldwide.
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By GlobalDataJim Lound, product director of fraud and identity solutions at
Experian, said that Universal ID Check provides a fast, accurate
and cost-effective alternative to the use of documentary evidence
for verifying identities. It cross-references information provided
by customers against a selection of data sources.
He said: “It will appeal to international organisations that
lease to customers across the countries covered – and also to
lenders requiring a flexible single-solution for verifying
identities.”
Brian Rogerson
