I have owned several software companies, and development is always more costly and takes longer than expected" said Kirk Chewning, partner at Cane Bay Partners. "Partnering with GDS Link allowed us to avoid the risk, time and resources of in-house development and focus on serving our clients. The company provides the most comprehensive, configurable solution that addresses mitigating risk for any of our services" continued Chewning
Meta Payment Systems
Meta Payment SystemsŪ was developing a unique loan product with a very narrow time-to-market window and needed a sophisticated decision engine.
Our required solution had to support multiple custom scoring models, retrieve data from credit reporting agencies, process a complicated underwriting logic, and have front-end web screens to process applications and exceptions, all to provide real-time decisions to literally thousands of end-users. GDS Link and Dataview360 exceeded our highest expectations and demands. Plus, throughout the product development, the GDS Link team provided exceptional support and truly became valued partners in our success.
Kabbage, Inc.
Kathryn Petralia, strategy and operations director for Kabbage, said, "With more than eight million online sellers in the marketplace, we required solid processes to help us accurately identify which customers will be the most profitable. With DataView360, we gain access to flexible, creative underwriting and sound reporting mechanisms to best understand our distinctive market and enable us to make sound business decisions"
RBS Worldpay Enlists GDS Link to Enhance Portfolio Segmentation
RBS WorldPay secures a license of GDS Link's flagship solution, DataView360™ to more efficiently adapt and respond to regularly changing trends in fraud. With DataView360, RBS is able to implement and manage their fraud-based rules for several business functions including screening for fraudulent transactions.
African Bank, South Africa's largest micro-lender, has licensed GDS Link's DataView360™ to manage its current and future risk management requirements. With GDS Link's flagship solution, DataView360, the bank can now aggregate multiple data sources for a more comprehensive assessment of customers, as well as ensure a stable real-time transactional inquiry process.
GDS Link and Scoring Solutions Deliver Joint Solution to Lending Market
GDS Link announced a strategic alliance with Scoring Solutions™, an Atlanta-based analytical consulting company focused primarily on the credit industry. The relationship merges Scoring Solutions' complex scoring models, derived from its extensive credit attribute library, with GDS Link's ability to enable the rapid implementation of these models through its flagship product, DataView360™.
GDS and Pattern Recognition Enter into a Reseller Agreement
Reseller Agreement between GDS Link and Pattern Recognition allows custom fraud models developed by Pattern Recognition to be deployed through GDS Link's core technology platform, DataView360™, and its new merchant acquirer solution, DataView360-Detect.
Meta Payment Systems selects GDS Link to meet its Risk Management Requirements
Meta Payment Systems, a leading provider of prepaid, credit, debit and emerging payments solutions, selects GDS Link's DataView360™ to support the intricate underwriting of its lending programs.
GDS Link featured in American Banker's Spring Supplement
GDS Link is featured in this year's American Banker's Spring supplement entitled Risk Management; Improving Practice and Policy. Paul Greenwood's article Optimizing Risk Strategies through Accelerated Implement Techniques can be found on page 9 of the Supplement. To register to view a digital format of the supplement please go to the following link: http://www.americanbanker.com/subscribe/lead.html?product_id=1016698
2010
13 Apr
Cane Bay Partners Selects GDS Link to meet its Risk Management Requirements
Cane Bay Partners VI, a St. Croix, V.I.-based consulting and portfolio management company, has selected GDS Link's technology for the enhancement of its scorecard management processes. After an extensive search process, Cane Bay found that GDS Link's flagship product, DataView360™, offered the most functionality to effectively support its consumer lending risk management needs.
GDS announced at the Merchant Acquirers' Committee (MAC) 2010 Conference the launch of its new offering, DataView360 Detect, which is designed to satisfy many of the unique compliance and risk management requirements of merchant acquirers and ISOs.
Technology, Scoring Strategies to Boost Collections
Paul Greenwood provides insight on the use of alternative data sources, analytics and technology to boost collections performance. Dale Williams, President of Teletack, Inc. and Canh Tran, President of Pattern Recognitions System, provide additional insight. To read more click on the link below:
GDS Link Proposes Remedy for Forthcoming UDAP Changes
The proposed Unfair Deceptive Acts and Practices Legislation (UDAP), in its current form, will have a significant impact on the way credit card issuers manage the risk of their existing and future card portfolios. A key aspect of the proposed regulations will impact an issuer's ability to re-price new and existing balances thereby reducing their portfolio yield and associated profitability. With reduced flexibility on the back-end, the need to strengthen risk management practices on the front-end will be even more critical as the card industry moves forward.
Legacy loan origination systems currently deployed at many financial service organizations do not provide the flexibility to easily implement new credit scoring that may be required to facilitate enhanced risk management policies necessary to offset reduced pricing flexibility once an account is booked. In addition, with the introduction of a wide range of new data sources over the past several years, reliance solely on the three traditional credit bureaus may not provide lenders with a complete view on a consumer's capacity to pay. Enhanced front-end lending models, should, at a minimum, include testing of alternative data sources to see if this unique information can add lift to new scoring models.
DataView360™ by GDS Link, (www.gdslink.com) was designed to provide financial service organizations with a flexible tool kit which allows for easy integration with any third party or internal data source, the ability to easily develop custom data attributes and the rapid implementation of in house developed or third party custom scorecard models. In addition, DataView360 supports complex process flows, unlimited champion challenge strategies and risk policies based on portfolio segmentation, product type and other key market drivers.
A robust internal facility for performing retrospective analysis of business rules objects and strategies is also supported allowing your risk management staff to test models and new risk policies prior to deployment. From within DataView360, you can simply invoke the Retro-Scoring engine and recall archived credit bureau, application and/or internal system data for testing alternative business scenarios. The Retro-Scoring engine gives an organization the ability to validate new rules objects,credit bureau attributes and custom scorecards using real transactional data, but free of consequence in a non-production setting.
***** Enhancethe Value of Your Existing Technology Investment *****
GDS's DataView360™ was developed with the recognition that financial service organizations have made large investments in their existing lending platforms and the effort to replace these solutions would be very labor intensive and quite expensive. DataView360 was designed to be a "bolt-on" to your existing lending platform providing your organization with all the feature richness of our solution while at the same time increasing the return on investment of your legacy solutions.
2009
2 Feb
GDS Press Release
DataView360™ Revolutionizes the Implementation of Custom Scoring Models
These are times that try bank balance sheets - and test their credit scoring abilities. But adapting to new economic realities can be difficult if the scoring formulas are hard-wired into a legacy database system.
To make it easier, faster and cheaper to create custom scorecards, Dallas-based GDS Link, LLC has come out with DataView360, which uses Web services instead of traditional software, deploys quickly - and costs as little as a tenth of traditional scorecard systems.
According to a GDS Link survey of 100 banks conducted in May and June of 2008, 71 percent used reports from the bureaus instead of doing their own custom scoring - but only 22 percent of the banks were satisfied with these generic scores.
DataView360 takes just a couple of weeks to configure and a couple of days to install-rather than the six to twelve months of traditional deployments, says GDS president and founder Paul Greenwood. And further changes take place within the system's easy-to-use interface.
"It changes the dynamics of what was traditionally a very hard process to do-custom scoring," says Greenwood. "You no longer have to rely on your IT group. The business analyst or credit risk manager is able to control this with his desktop."
That's been the experience of Craig Johnson, director of portfolio management of Sioux Falls-based Meta Payment Systems, a division of Iowa's MetaBank.
"As a matter of fact, the person at Meta who controls that is myself," he says. "I can go in and change the score cutoffs. It's very simple to do - it takes no programming experience at all."
Meta configured the system to combine the results of two different custom score cards, he says. Now he can go in and, for each combination of scores from the two scorecards, change the approval decision, the credit line granted, and the cutoff points for the two scores.
The company, which previously focused primarily on prepaid cards, plans to use this for a new program for small-balance personal loans. Meta expects to see hundreds of thousands of applications come in over the course of a couple of months, according to Johnson.
Other vendors in this space are also moving toward Web services, says TowerGroup analyst Bobbie Britting, but not everyone is there yet. "It's a mixed bag," she says.
But there's nothing at all wrong with a credit scoring technology that's better, faster, and cheaper.
"What lenders need to be able to do is condense the data acquisition and analysis process and timeframes, finding shifting patterns in consumer behavior and create new custom scores," Britting says.
Scoring Solutions in conjunction with GDS Link, introduced their product Score360TM, a state-of-the-art attribute interface which includes 1,000 tri-bureau credit attributes. "Using DataView360 to enable the use of our attributes with our client's, accelerates their implementation, which reduces integration and development costs and allows our clients to recognize their return on investment in weeks not months." Fran Lyons, a Principal of Scoring Solutions.
GDS Link's Discover application processing solution provides sophisticated functionality for meeting your company's unique customer on boarding needs. Designed for B2B and B2C, this solution includes all data capture and review screens, external database calls, custom results displays, exception handling tasks, manual review queuing and advanced underwriting functions. Discover is an on-demand web-based system incorporating "SaaS" (Software-as-a-Service) best practices so that special customization is not required. Likewise, GDS Link architected the Discover system to provide pre-packaged feature sets covering your common front and back office workflow requirements for both Consumer and Commercial applications.
The system will process and store all relevant data required for customer boarding, data archival/compliance, reporting and ongoing analysis. The solution provides all of the management functions required to operate within an effective risk management environment, allowing the maintenance of scorecards,decision criteria, products and pricing tiers.
For solutions that require more custom parameters, the GDS Link engineers can modify the Discover base solution and deliver a system that meets all of your organization's specific needs, no matter the level of complexity. Discover can also be branded by adding your organization name/logo.
GDS Link's Discover application is extremely cost-effective and can be implemented in as little as one week depending on complexity of special-needs requirements (e.g., XML/systems integration). The solution can either be hosted by GDS Link a tour tier one, SAS70 hosted site, or installed locally within your own environment.
Typical features of the DataView360 Discover solution include:
Application Processing for consumer or commercial, multiple entities, products and collateral on a single application
Capture data using client defined fields for each application.
Perform validation on required or missing information fields
Record compliance data
Import existing customer data or applications from external systems
Re-use and copy applicant data (including credit history and financials)
Provide user summary and analysis of application data
Order credit history, scoring and fraud products from any major data source (Equifax, Experian, TransUnion and D&B)
Implement custom scorecards and other bureau credit scores
Assign risk tolerance levels and treatments.
Calculate ratios
Risk Based Pricing, Terms of Business.
Structure loan terms and assign collateral
Assign or recommend decision and credit limit
Identify insurance and cross-sell opportunities
Support faxing and emailing of notifications and settlement service requests
Interface to third party systems including servicing and document systems
Manage security (Roles, Groups, and Users)
Preserve audit trail for internal and external regulatory requirements
Decision_Metrics_(final).pdf