Finding the invisible consumer using risk analytics [Video]
Millions of Americans are credit invisible. Banks and credit unions have an opportunity to reach these underserved groups by changing how they analyze credit applications.
Risk analytics platforms are bringing alternative data sources into play. This lets lenders evaluate risk for individuals without a credit history, making it easier to offer them loans and other forms of credit.
The problem of needing to obtain credit to get a credit score has long held back many individuals. Banks and credit unions that modernize their risk management processes to reach these users can enter an untapped market and create new revenue streams.
You can create these opportunities with GDS Link. Our risk analytics platform provides end-to-end credit scoring and decision-making solutions, helping you transform the way you evaluate applications.