Case Studies
Finance Company Leverages New Scoring Solution to Approve More Small Business Loans
Overview
Analytics & Modeling - Data Mining Analytics & Modeling - Predictive Analytics | |
Finance & Insurance | |
Business Operation | |
Data Science Services System Integration | |
Operational Impact
The finance company was able to integrate new data sources into their credit models, leading to more informed lending decisions. | |
The use of LexisNexis Risk Solutions scores and attributes provided a more predictive and reliable assessment of small business borrowers. | |
The company experienced an improvement in their credit underwriting process, allowing them to approve more loans with greater confidence. | |
Quantitative Benefit
The finance company saw a significant increase in the number of approved small business loans. | |
The predictive accuracy of the new scoring solution was validated through multiple test files, confirming its reliability. | |