Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Equifax Offers New Risk Score
ATLANTA (11/7/13)--Equifax has launched its fourth generation Bankruptcy Navigator Index (BNI) score, a predictive bankruptcy risk score.

With BNI 4.0, lenders, including credit unions, can make more confident risk decisions into potential consumer bankruptcy, Equifax said.

"This is our most effective consumer bankruptcy risk score yet, providing deeper and more predictive insights driven by wider data and more powerful analytics," said John Cullerton, Equifax senior vice president of product innovation and management. "BNI 4.0 will give lenders the ability to predict and avoid potential consumer bankruptcies with improved performance and more consistent decision making."

BNI 4 can improve bankruptcy risk prediction by up to 10%, and increase score stability with random samples from the Equifax credit database, Equifax said. BNI 4.0 also can be integrated throughout the member lifecycle and with other Equifax risk tools.

Equifax BNI 4.0 risk score is available online for acquisition and onboarding, and offline for account review.


RSS print
News Now LiveWire
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
3 hours ago
The 54th Western CUNA Management School graduated 89 students on July 25.
3 hours ago
.@CUNA Bank Secrecy Act training to reach 38 Mich. state examiners #NewsNow http://t.co/7HDPgwih8G
4 hours ago
St. Louis treasurer taps #creditunion to serve unbanked #NewsNow http://t.co/lWtcezJOej
22 hours ago
.@CUNAMutualGroup has committed $35K to @trustdotcoop over the next year to suppor the future of #creditunions.
23 hours ago