Experian and Temenos Expand Integration to Help Clients Make Real-Time Credit Offers to Consumers
14 Mayo 2021 - 8:00AM
Business Wire
Experian’s PowerCurve® decision management
suite is now offered through Temenos Infinity Origination to meet
the needs of financial institutions of all sizes
To accelerate the automation decisioning process and provide a
seamless way for lenders to extend credit, Experian and Temenos
today announced the integration of PowerCurve® decisioning
solutions into Temenos Infinity, the leading omnichannel digital
banking product. Temenos Infinity covers digital engagement from
acquisition to account servicing through to long-term retention,
supporting multiple stages of growth. The joint offering includes
preconfigured solutions for lenders that prefer standard,
“out-of-the-box” integrations to support decision-driven business
processes.
“During this unprecedented time, organizations have to be agile
in how they approach the user journey. Through this integration,
we’re harnessing the power of data and technology to enable
financial institutions to make real-time decisions that maximize
opportunities, mitigate risk and improve the customer experience,”
said Robert Boxberger, Experian’s President of Decision Analytics,
North America. “These combined offerings showcase our commitment to
continually innovating and finding effective, secure solutions for
decisioning automation that businesses can easily scale and rapidly
deploy to meet today’s emerging needs.”
Experian’s credit decisioning solutions powered by PowerCurve
include:
- Instant Prescreen enables Temenos’ clients to make firm offers
of credit instantly to those who qualify. It also reduces
subjectivity in cross-selling, maximizes consumer engagement
opportunities and minimizes risk.
- Prequalification is a robust data gathering and decision
execution solution that prequalifies consumers for loan products in
real-time, prior to loan application. It’s initiated by the
consumer and, if criteria is met, provides them with a variety of
credit options. Prequalification is a soft pull, so it doesn’t
affect a consumer’s credit score, and Experian is the only provider
configured with Temenos to provide a soft-pull prequalification
process across mobile and digital channels.
- Instant Credit allows lenders to determine in real time if a
consumer meets their lending criteria so they can make decisions
about opening new credit products or line increases.
“We are excited to combine our market-leading banking software
with robust data and real-time, automated decisioning from Experian
to help financial institutions attract prospects and turn them into
account holders,” said Larry Edgar-Smith, SVP of the Business
Solutions Group, Temenos Infinity – North America. “It’s a natural
evolution to our integration with Experian as lenders and consumers
alike continue to demand automated decisioning, relevant digital
experiences and frictionless access to their credit options.”
“Experian’s PowerCurve decision management suite delivered
through Temenos empowers us to deliver the best possible member
service. It has proved incredibly effective in facilitating a fast,
efficient experience for our members, especially in today’s
competitive loan environment,” said Andy Coy, Assistant Vice
President of Credit Services for PSECU, Pennsylvania’s largest
credit union. “For example, the prequalification tool enables us to
immediately engage applicants with potential offers and minimizes
the time it takes to complete an application. This saves both us
and our members valuable time and resources.”
“Today, consumers are demanding digital, frictionless
experiences from lenders. Through the preconfigured credit
decisioning solutions delivered through the integration between
Temenos and Experian, Advia is seeing success with improving the
member experience for new and existing members by simplifying the
initial application process,” said Ryan Olson, Vice President of
Consumer Lending at Advia Credit Union.
Experian’s PowerCurve decision management suite is available now
through Temenos Infinity Origination. To learn more about
Experian’s PowerCurve decision management suite, please visit:
https://www.experian.com/strategy-management/powercurve-video.
About Experian
Experian is the world’s leading global information services
company. During life’s big moments — from buying a home or a car to
sending a child to college to growing a business by connecting with
new customers — we empower consumers and our clients to manage
their data with confidence. We help individuals to take financial
control and access financial services, businesses to make smarter
decisions and thrive, lenders to lend more responsibly, and
organizations to prevent identity fraud and crime.
We have 17,800 people operating across 45 countries, and every
day we’re investing in new technologies, talented people and
innovation to help all our clients maximize every opportunity. We
are listed on the London Stock Exchange (EXPN) and are a
constituent of the FTSE 100 Index.
Learn more at www.experianplc.com or visit our global content
hub at our global news blog for the latest news and insights from
the Group.
Experian and the Experian trademarks used herein are trademarks
or registered trademarks of Experian and its affiliates. Other
product and company names mentioned herein are the property of
their respective owners.
About Temenos
Temenos AG (SIX: TEMN) is the world’s leader in banking
software. Over 3,000 banks across the globe, including 41 of the
top 50 banks, rely on Temenos to process both the daily
transactions and client interactions of more than 1.2 billion
banking customers. Temenos offers cloud-native, cloud-agnostic and
AI-driven front office, core banking, payments and fund
administration software enabling banks to deliver frictionless,
omnichannel customer experiences and gain operational
excellence.
Temenos software is proven to enable its top-performing clients
to achieve cost-income ratios of 26.8% half the industry average
and returns on equity of 29%, three times the industry average.
These clients also invest 51% of their IT budget on growth and
innovation versus maintenance, which is double the industry
average, proving the banks’ IT investment is adding tangible value
to their business.
For more information, please visit www.temenos.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210514005094/en/
Annie Russell
Experian Public Relations
1 714 830 7927
annie.russell@experian.com
Experian (LSE:EXPN)
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