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FactorTrust and Insight, LLC Partner on Use of Alternative Credit Data in Scoring ProcessFactorTrust®, the Alternative Credit Bureau™, today announced a partnership with Insight, LLC, a prominent scoring and lead verification technology firm that is implementing FactorTrust proprietary data into its cloud based underwriting and analytics platform, Decision Cloud. Decision Cloud allows lenders to create and identify their most profitable underwriting models by enabling technical agility across the platform, connecting companies to information for clearer insights, and fosters efficiency through simplified workflows. "We find FactorTrust's real-time, proprietary data better enables our clients to increase their ability to convert leads into profitable customers," said Insight, LLC CEO, Tim Harris. Decision Cloud users easily access over 60 integrations with vendors in the online lending space, including 13 valuable FactorTrust® products. "Real-time alternative credit data, combined with Big 3 data, gives a complete picture of consumers," said FactorTrust CEO Greg Rable. "Without alternative credit data, companies working with firms like Insight, LLC miss out on the credit decisioning insights they need to manage their business and provide consumers with the right credit options." About FactorTrust FactorTrust, the Alternative Credit Bureau, is relentlessly dedicated to proven analytics and clean credit information that provide lenders and financial servie providers opportunities to grow more revenue, meet compliance regulations and serve more consumers with more credit options. At the core of FactorTrust is alternative credit data analytics and risk scoring solutions not available from the Big 3 bureaus. FactorTrust alternative credit data and analytics accurately predict risk and the ability to repay near and non-prime consumer loans in real-time. The company's solutions enable financial service companies an opportunity to uncover creditworthy prospects that are not surfacing via traditional credit sources. Headquartered in Atlanta, the experienced FactorTrust team has delivered unique data and valuable insight to U.S. lenders for more than 10 years. For more information on the quarterly FactorTrust Underbanked Index or the company itself, visit www.factortrust.com. @FactorTrust About Insight.tm Insight, LLC, headquartered in Santa Rosa, CA (News - Alert), develops and delivers complex analytic systems to support competitive intelligence for various business cases using the latest methods of data collection, analysis, and processing. Insight's solutions provide the tools and knowledge to better manage marketing activities, fraud detection, and internal processes. With more than 500,000 consumer loan applications processed daily, Decision Cloud, a fully customizable cloud based underwriting and analytics platform, is loaded with comprehensive reporting. Insight's industry-revolutionizing data services, TruScore and TruFraud, help both lead buyers and sellers avoid marketing risk(s) by reducing recycled, manipulated, fraudulent data in the marketplace. Visit www.insight.tm to learn more. View source version on businesswire.com: http://www.businesswire.com/news/home/20170922005146/en/ |
