Analytics and Benchmarking Focus

Don’t Let Big Data Hinder Your Business

You have a lot of customer data — housed in a lot of different locations. You’re working hard to make sense of it so you can better understand your customers and advance your business. You’ve set objectives for how to use it, hired data engineers and data scientists, and even written algorithms. So…how’s all that [Read More…]

Are We Really at Full Employment?

The idiomatic phrase that enters in so often in economic discussions is that we are at full employment because the unemployment rate is low. While it’s true that we are at an unemployment rate that is the lowest that we’ve been in a very long time, I don’t think this statistic tells the whole story. [Read More…]

Credit Through the Ages: How Technology is Revolutionizing the Way We Assess Consumer Financial Behavior

  Today, we’re seeing exploding volumes of data and staggering advances in analytics and technology. Financial institutions now have limitless opportunities to assess and predict consumer financial behavior. They’re using technology to inform credit decisioning, acquisition and account management strategies. View Infographic Join Equifax  and Visual Capitalist  as we journey through time and explore the [Read More…]

Credit through the Ages: Where it all Began

Exploding volumes of data and staggering advances in analytics and technology provide financial institutions with limitless opportunities to assess and predict consumer financial behavior. This insight is then used to inform credit decisioning, acquisition and account management strategies. But where did it all begin? Just where did the concept of credit get its start? View [Read More…]

Do Retail Store Closures Affect How Consumers Pay Their Private Label Credit Cards?

In our changing retail landscape, many stores are closing and retail chains head into bankruptcy. Consumers who owe money on their private label credit card may wonder what it means when their local store disappears or the retail chain liquidates. Some consumers could decide not to pay their debt, either thinking “why should I pay?” [Read More…]

SPOTLIGHT: Neural Networks for Next Level Performance

Data Scientists: Do you love the new machine learning techniques but still can’t wrap your head around how to explain your results? Have you been wondering how to use the latest machine learning techniques to generate better scores and increase the profitability for your organization? There is now a way to do this, while still [Read More…]

Can a new machine-learning technology transform credit assessment?

Data experts are excited about its potential Algorithms. Logistic regression. Both tried and true analytical methods. Yet, as much as these technologies have transformed key business processes such as lending, risk and credit assessment, new developments are getting the data scientists of the world really excited, and for good reason. Think: neural networks. It’s the [Read More…]

J.D. Byrider uses Equifax Ignite to Increase Auto Buyer Approvals by 10 Percent

When J.D. Byrider, a  leading used car sales and finance enterprise, expanded geographically and organically, they needed to better identify risk and streamline deal structures. They turned to Equifax Ignite™. To create a more robust profile on buyers, the Equifax team used Ignite to develop a configurable origination risk model that uses traditional credit data, [Read More…]

New Tax Cuts: Immediate Impact to Credit Expected?

As economists, we study the historical impacts of natural disasters, changes in government policy or actions by central banks so that we can make an educated ‘guess’ as to how the economy might respond to similar situations in the future. The new change in federal tax law is one such example. As part of our [Read More…]

Avoid These 4 Mistakes if You Receive IRS Letter 226J

If your organization received IRS Letter 226J, it likely means the IRS has determined that your organization did not comply with the Affordable Care Act’s (ACA) employer mandate for the 2015 tax year. Given the complexity of the law coupled with the finite amount of time for employers to respond, managing a response to IRS [Read More…]