Experian has added new configurations to its Ascend Analytical Sandbox in a bid to provide financial institutions of all sizes with better business insights.
The Experian sandbox can be leveraged for model development, benchmarking, forecasting to refine decision making process.
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The platform is equipped with analytics tools to assess depersonalised credit and alternative data and gain additional insights.
The users can combine their own data sets with Experian’s data assets to build and test financial service models. It enables testing across different stages of the lending cycle, and put the models into production.
Additionally, the Experian Ascend Analytical Sandbox allows the users to explore new product opportunities.
Experian Consumer Information Services group president Alex Lintner said: “Our innovations like the Ascend Analytical Sandbox and Experian Boost help transform the way businesses operate and consumer’s thrive in today’s society.
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By GlobalData“We understand the unique challenges smaller financial institutions face, including limited data sets, analytics tools and resources.
“With the new customisable configurations of our Ascend Analytical Sandbox, financial institutions of all sizes can access world-class advanced analytics, AI and machine learning tools to make faster, more informed decisions.”
The Ascend Analytical Sandbox is developed on the Experian Ascend Technology Platform.
Launched last year, the Experian Ascend Technology Platform is used by various financial institutions in the UK, South Africa, Brazil and Asia Pacific.
In June, Sagent Lending Technologies partnered with Experian to tackle loan origination frauds. The collaboration involved integrating Experian’s fraud and identity solution Precise ID with its Auto Loan Origination System (Auto LOS).
