Equifax: Risk Scores Leverage Data on 25M+ Small Businesses, Provide Greater Predictive Power

Posted by Joachim Bartels | May 31, 2011 | Credit Information, Credit Scoring & Decision System, Equifax, Member, Member News, United States | 0 |

Recognizing the emerging needs of today’s lenders and trade creditors, Equifax has developed a new class of business scoring solutions that provide a more complete view of how a company meets its credit obligations during changing economic conditions. This new suite of market-leading risk scores leverages unique data assets from the Small Business Financial Exchange (SBFE), a member owned, not-for-profit corporation which counts among its members virtually all of the nation’s leading small business lenders. With this insight, banks and other businesses can better respond to market dynamics, minimize fraud and make credit risk decisions with greater confidence.

Source: Equifax Press Release

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.