defi SOLUTIONS and Experian are working together to help auto lenders make more informed credit decisions
WESTLAKE, Texas – (BUSINESS WIRE) – defi SOLUTIONS, a leading provider of auto loan technology and services, today announced that it has partnered with Experian® to enhance the capabilities of Experian, Premier attributesSM, to car lenders. As part of the collaboration, lenders using defi SOLUTIONS ‘lending systems will have access to more than 2,000 credit attributes, including over 100 specifically for the automotive industry. Customers can optionally access Experian’s Attribute Management Studio, which provides the ability to define, code, and manage attributes in-house. Using these attributes, lenders can develop a deeper understanding of a person’s credit history, improve predictability, and make smarter credit decisions.
Supplied by Experian’s Attribute toolbox™ enables Premier Attributes lenders to make more informed credit decisions across the customer lifecycle – opening the door to growth, reduced risk and improved customer loyalty. The tool aggregates the latest available credit data and offers a significant increase in performance compared to decision models that were created with other credit attributes.
“Experian’s focus on delivering high-quality, relevant data fits in perfectly with the present and future of defi SOLUTIONS,” said Charles Sutherland, Chief Strategy Officer of defi SOLUTIONS. “We plan to continue working not only to increase the volume of information available to lenders, but also to develop services that further improve efficiency by letting the lender decide at what point to include the data in its decisions flow in. ”
“We are committed to delivering high quality data-driven insights to lenders of all sizes to more accurately predict credit risk and make informed credit decisions quickly – and this has never been more evident than in the automotive industry,” said Robert Boxberger, Experian’s President of Decision Analytics. “Our Premier Attributes help lenders assess risk with decision-making strategies and credit ratings that ultimately improve their bottom line.”
For more information on defi SOLUTIONS, see https://defisolutions.com. To learn more about Experian’s premier attributes, visit https://www.experian.com/decision-analytics/premier-attributes.html.
About defi SOLUTIONS
defi SOLUTIONS works with captives, banks, credit unions and financial companies of all types and sizes to enable lenders to focus on their business and transform. The company’s comprehensive suite of origination, service, and analytics solutions, along with technology-enabled processing services, creates a flexible, configurable, and scalable platform that meets the ever-changing needs of lenders and borrowers. defi SOLUTIONS combines the expertise of defi SOLUTIONS and the former Sagent Auto Lending with the support of Warburg Pincus, Bain Capital Ventures and Fiserv.