Kevin King, Head of Marketing, ID Analytics and Solomon Semere, Sr. Director, Credit Risk Strategy, LexisNexis Risk Solutions
Lenders today are grappling with the unknown as the global economy experiences the deepest dive in close to a century – which has caused rapid changes in consumer creditworthiness, and expanded gaps in traditional credit data. The changing shape of the credit landscape makes maintaining the health and profitability of lenders’ portfolios, while growing business safely even more critical.
Since early March, LexisNexis Risk Solutions and ID Analytics have been actively monitoring shifts in consumer credit behavior across their respective credit bureaus. For the first time, the organizations will share this unique perspective on the initial months of the crisis, and the role alternative data can play in helping lenders navigate this unchartered territory.