CREDIT OPTICS® | DATA SHEET
Credit Optics
Full Spectrum
A Broader Perspective: More
Comprehensive Credit Risk Insights
As competitive and regulatory pressures further reduce
the margin for error in credit assessment, lenders are
realizing that continued success requires issuing optimal
credit offers, while limiting exposure to risk. While
leveraging alternative data has increasingly become
a mainstream answer to this challenge, much of the
adoption has focused on evaluating no hit consumers,
with little attention paid to refining and enhancing the
assessments provided by national credit bureaus. To
deliver targeted competitive offers for credit and services
across a wide consumer base, prime-to-subprime and
thick-file to no-file, organizations need the broader risk
visibility attainable through the combination of traditional
and alternative forms of credit data.
Competitive Lending Requires Comprehensive Visibility
Since 2008, leading organizations have leveraged Credit Optics to
issue more accurate and competitive offers to consumers, applicants
and existing customers. In response to the increasingly dynamic
marketplaces lenders and service providers compete in, ID Analytics
is excited to announce Credit Optics Full Spectrum (FS). The result of
years of innovation and research, Credit Optics FS takes performance,
data and compliance to a whole new level – featuring dramatic
improvements in predictive strength over the previous release, and now
available as an attribute set in addition to a predictive score.
Credit Optics FS is an FCRA-compliant credit score which provides
predictive, incremental credit risk insights for the majority of throughthe-door applicants. Credit Optics FS unique risk perspective is driven
by the ID Network®, a repository of consumer behavior data from a
wider range of industries than other leading sources. By combining both
traditional and alternative credit data, including telecommunications,
online lending and credit card applications and associated performance,
Credit Optics FS delivers an assessment capable of dramatically
improving credit decisioning on nearly every U.S. consumer.
www.idanalytics.com
|
[email protected]
|
Tel: 858.312.6200
A Complete Picture
of the Consumer
Alternative Data
Wireless/Cable/Utility
Monthly obligation &
responsibility
Payday/Subprime Lending
Indication of financial
responsibility
Online & Marketplace Lending
Indication of financial activity
and responsibility
Traditional Data
Mortgages
Homeownership & overall
debt load
Credit Cards
Utilization & responsible
debt use
Auto Loans
Overall debt load
Student Loans
Education and debt load
CREDIT OPTICS® | DATA SHEET
Powerfully Different Insights
Credit Optics® Full Spectrum is optimally used as a standalone solution for bureauunscoreable consumers, as an augment for marginal approve/decline scenarios, and
as a pricing or line assignment tool off the margin. ID Analytics’ customers have
seen significant improvements in consumer offer acceptance and usage with these
strategies, along with the traditional benefits in controlling losses.
Credit Optics FS strongly separates risk within bureau score
bands, refining approval and offer decisions across the portfolio
Bureau Score Risk Ranking
Credit Optics FS Risk Ranking
of Bureau Band 657-667
Bureau Score
Accounts
Bad Rate
Credit Optics FS
Bad Rate
823+
679,848
0.0%
100%
2.2%
795-822
679,848
0.1%
90%
3.0%
786-794
679,847
0.2%
80%
4.0%
761-785
679,848
0.5%
70%
4.7%
724-760
679,847
1.1%
60%
5.5%
714-723
679,848
2.3%
50%
6.5%
8.4%
668-713
679,848
4.5%
40%
657-667
679,847
8.3%
30%
10.3%
594-656
679,848
16.4%
20%
13.7%
<594
679,847
35.5%
10%
6,798,476
6.9%
Overall
24.8%
8.3%
Overall
Credit Optics FS: Credit Decisioning Evolved
• Full Spectrum Performance: Credit Optics FS delivers a predictive, uncorrelated risk perspective across an
entire population — not just bureau-unscoreables.
• New-To-Credit, Known-To-Credit Optics FS: More than a powerful tool for assessing thick file consumers,
Credit Optics FS can score more than two-thirds of thin file and no-hit consumers.
• Introducing Credit Optics FS Attributes: For the first time, Credit Optics FS now includes attributes as an
additional feature, providing risk managers with new flexibility in harnessing the solution’s unique insights.
• Compliance Centric: Designed to meet the needs of modern Model Governance and Compliance reviews,
Credit Optics FS utilizes innovative patent-pending technology to minimize disparate impact, and is
supported with rigorous documentation and third party attestations.
Credit Optics FS delivers a powerfully uncorrelated credit assessment for no hit, thin file and thick file
consumers of all credit qualities, enabling lenders to see opportunity where others see risk.
Improve insight into credit risk today. Turn to Credit Optics Full Spectrum to unlock the potential of
alternative data and make smarter lending decisions. Contact us today at [email protected],
858-312-6200, or visit www.idanalytics.com.
www.idanalytics.com
|
[email protected]
|
Tel: 858.312.6200