Experian has launched the Experian Credit + Cashflow Score, a new credit decisioning model that integrates the company’s established credit data with consumer-permissioned banking information. This model aims to enhance predictive accuracy in lending decisions and expand access to credit for consumers. The score ranges from 300 to 850.
This new score combines Experian’s industry-trusted credit, alternative, and trended data with consumer-permissioned banking information into a single score. It is described as the company’s most advanced credit decisioning model to date and aligns with Experian’s objective to increase fair access to credit.
Scott Brown, Group President, Financial and Marketing Services for Experian North America, stated that leveraging Experian’s data with open banking information for managing finances represents the future of underwriting. He added that Experian’s expertise and commitment to innovation support clients in achieving improved consumer outcomes and broader credit access.
The Experian Credit + Cashflow Score incorporates several key data assets: consumer-permissioned bank account data (including income, balances, card payments, bank fees, and loan transactions); comprehensive credit data on over 220 million U.
S. consumers; Clarity Services data, which covers consumers utilizing nontraditional financial services; and trended data, offering a 24-month view of credit management over time.
Initial analysis indicates that the Experian Credit + Cashflow Score surpasses conventional credit scores and cashflow-only scores across major lending products, such as personal loans, lines of credit, bankcards, and mortgages. It demonstrates an improvement in predictive accuracy by over 40% when compared to traditional credit models. This new offering complements Experian’s existing suite of expanded credit solutions, including Experian’s Cashflow Score, Cashflow Attributes, and interactive cash flow insights dashboards. Lenders can access the score for testing through custom analytics, archives, or the Experian Ascend Platform™.
Experian is a global data and technology company that facilitates opportunities for individuals and businesses worldwide. It provides solutions across various markets, including financial services, healthcare, automotive, agrifinance, and insurance, with its corporate headquarters located in Dublin, Ireland. The company is listed on the London Stock Exchange (EXPN) as a FTSE 100 Index company and operates with a team of 25,200 people across 32 countries.
