October 05, 2011 01:00 ET

Callcredit Whitepaper Provides Credit Risk Management Insight for Lenders Tackling Recession

LEEDS, UNITED KINGDOM--(Marketwire - Oct. 5, 2011) - Highly regarded credit experts Callcredit Information Group, have analysed the effect of the recession on lenders and documented their findings in a whitepaper – which reveals how automated data solutions can help lenders deal with the crisis.

The whitepaper titled 'The Increasing Value of Data in Credit Risk Management' is comprehensively written by Will North, Marketing Development Manager at Callcredit in which he assesses the economic conditions, the regulatory environment and other market factors affecting financial services organisations. His clear breakdown of the current UK and world economy sets up the latter sections of the document that looks at a solution for lenders – technology assisted credit risk management.

North suggests that understanding customer affordability can keep bad debt losses at an appropriate level for the lender. He emphasises the importance of this against the fact that revenue streams like repayment protection insurance are now reducing dramatically because of the new regulations. The whitepaper describes in full detail how and why such income streams are being affected before highlighting low risk lending as a way forward.

Will North, Callcredit Marketing Development Manager commented:

'Many Financial Services organisations are unaware of how to leverage significant additional value from their own data assets and how this data can be used to get a more comprehensive understanding of consumers. Hopefully this whitepaper can shine some light on how companies can maximise data to minimise risk associated with lending whilst gaining a greater insight of their customers.'

There are six main sections within the whitepaper with Section 5 'Key Data Considerations' providing particular insight into how valuable pre-existing data can be used, and how by combining different data assets from across an organisations various portfolios it is possible to create a single customer view.

In conclusion North outlines how risk is now more central to lenders' strategies than ever before with the need to deliver low risk lending now a fundamental necessity.

The document can be found via the Callcredit website:

About Callcredit Information Group -

Callcredit Information Group's leading approach to deploying consumer information brings together experts across the fields of credit referencing, marketing services, interactive solutions and consultative analytics to provide clients with a range of innovative and effective products to discover new customers and to engage with current customers to optimise and increase profitability.

Products include award-winning fraud verification tools and database solutions to positively verify consumers, global operations to help expand businesses into new markets, digital solutions to improve the overall journey consumers make during interaction with a brand, customer handling to ensure consumer satisfaction at all levels and consumer marketing data and segmentation to improve understanding and targeting of customers and prospects.

Callcredit also offers products for their clients to assess a customer's credit risk and affordability and their experts in collections and recoveries provide tailored debt recovery and tracing tools. Their market analysis and network planning function helps organisations develop profitable retail networks, and their tools in multi bureau, analytics and metrics work to provide fully assessed bureau data.

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