INGATE

From The Sip Trunking Experts

TMCNet:  Equifax Unveils New Insight Score for Retail Banking

[October 15, 2012]

Equifax Unveils New Insight Score for Retail Banking

Oct 15, 2012 (Close-Up Media via COMTEX) -- Equifax said financial institutions looking to boost new account acquisition rates at the point of sale and more accurately predict demand deposit account (DDA) risk can utilize Equifax's new Insight Score for Retail Banking (ISRB) solution.


According to a release, leveraging Equifax's vast consumer data repositories that have been augmented with 300 million non-financial trade lines - covering more than 171 million unique consumers - ISRB allows banks and credit unions to better assess DDA risk and uncover opportunities on a wider audience of customers with little to no traditional credit. ISRB is part of Equifax's comprehensive suite of retail banking solutions that provide financial institutions with the tools they need to optimize household growth across all product types and at every stage of the household life cycle.

"Through the 360-degree expanded view of payment history that ISRB provides, financial institutions can increase new account acquisition rates while simultaneously reducing charge-off risk," said Brad Jones, Equifax's Vice President of Retail Banking. "Retail banking is undergoing change, from increased regulatory oversight to challenging economic conditions, making it harder to identify and capture potentially profitable households. ISRB delivers fresh, unique visibility into consumer DDA risk which allows financial institutions to identify and serve more potentially profitable households," he added.

ISRB, the company noted, complements financial institutions' strategy to penetrate new market segments, including the more than 25 million consumers with no credit scores and as many as 70 million people with thin-file and no-file credit. By understanding the payment behavior of consumers - particularly payments not on the traditional credit file - banks and credit unions can expand their reach into new segments and grow their primary household portfolio.

"Traditional credit information provides a partial view of consumers' true financial obligations and their ability to satisfy them," said Jones. "Equifax's Insight Score for Retail Banking leverages relevant, alternative payment data not available from any other consumer reporting agency such as consumers' wireless phone, satellite television or utility payment histories to enable banks to acquire new households." More information: www.equifax.com ((Comments on this story may be sent to newsdesk@closeupmedia.com))

[ Back To SIP Trunking Home's Homepage ]

Loading
Subscribe here for your FREE
SIP TRUNKING enewslettter.

Featured Partner


Featured Whitepapers

SIP Security for the Enterprise
Voice over IP (VoIP) is incorporated into a variety of computer networks, both public and private, and used for everyday transactions and communications among carriers, businesses, government agencies...

Making A Broadband Purchase Decision
Businesses today have many options for broadband connectivity. Clarifying your particular business needs prior to selecting a broadband provider will ensure an optimal match of broadband service to your requirements.

Voice-Optimized Network Delivers Premier Call Experience
Customers equate call quality with business quality. Real-time communication, interpersonal interaction, and the cordial tone of a call center representative can create a positive impression of your business that no email can match.

Featured Case Studies

Business Telecom Expenses Reduced 50%
A small to medium sized company in the midwest was interested in migrating to IP Communications, but in today's economy, they were hesitant to upgrade their communication system due to their perception that the cost would outweigh the benefits.

Multi-State Company Cuts Telecom Costs 50%
A multi-site, multi-state company with extensive monthly long distance fees and toll-free charges did not have adequate broadband for Broadvox SIP Trunking requirements, nor did they have a SIP enabled telephone system.

Discover Leisure Connects Remote Users to its IP-PBX
Discover Leisure is one of the largest resellers of caravans and motor homes in the UK. With 15 branch of?ces all over the country, the company spent a great deal of money every month just on internal phone calls.

Featured eBOOKS

Internet+: The Way Toward Global Unified Communication
Connecting the telephony of the enterprise PBX or Unified Communications (UC) system using SIP trunks instead of conventional telephone lines has been very successful in recent years.

What is SIP Trunking? Edition 2
SIP trunking is becoming more of a focus for service providers. One key issue many service providers face when deploying SIP trunks is NAT, or Network Address Translation, traversal.

What is SIP Trunking? Edition 1
A vast resource for information about all things SIP - including SIP, security, VoIP, SIP trunking and Unified Communications.

Featured Videos

Broadvox VAR Testimonial VAR 1:
Part 1 of the VAR (Value Added Reseller) Partner Program Testimonials for Broadvox...

E-SBCs AS The Demarcation Point:
Ingate's Steve Johnson talks to Erik Linask about the role session border controller plays as the demarcation point at...

Demystifying DPI
How can deep packet inspection protect your SIP traffic as well as your entire network?

Featured Resources

Partner Program Overview:
Over 4,000 VARs, Master Agents, Solution Providers, and Independent IT Professionals trust Broadvox. We offer customized services and solutions to fit seamlessly into any company's business model. And when you partner with Broadvox, every member of our team stands behind you and your customers 100%...

SIP Trunk UC Summit

What's New

Presenting the New Ingate/Intertex Website:
Internet+ is an extended Internet access allowing high quality SIP (Session Initiation Protocol) based real-time person-to-person communication, everywhere and for any application. It applies to both fixed and mobile networks ...

Featured Blogs

Featured Webinars

Secure SIP Trunking:
What You Need to Know

Successfully Deploying Enterprise SIP Trunking:
Tools and Techniques for Overcoming Common Roadblocks

Featured Podcasts

Getting the Most Out of Your SIP Trunks:
Ingate's Steve Johnson and TMC's Erik Linask discuss how best practices forgetting the most out of SIP Trunking services and common pitfalls to avoid.

Featured Datasheets

Ingate SIParator E-SBCs
Adopting SIP is a simple process with the Ingate SIParator, the secure enterprise session border controller (E-SBC). The SIParator makes secure SIP communications - including VoIP,SIP trunking and more - possible while working seamlessly with your existing network firewall.

Ingate Firewalls
Everyone is talking about enterprise usage of VoIP, instant messaging and other types of realtime communications including presence and conferencing.

SIP Trunk Solutions for Service Providers
The award-winning Ingate Firewall and Ingate SIParator deliver a high quality, reliable SIP trunk connection between the customer's IP-PBX and the service provider network, and solve interoperability issues to simplify deployments and support for remote diagnosis of reported issues.