Nationwide Building Society Chooses Experian for Credit and Fraud Data

Experian has renewed its partnership with Nationwide Building Society, cementing the company as the primary credit bureau for Nationwide.

2013-03-15

LONDON, ENGLAND, March 15, 2013 (Press-News.org) Experian has announced a renewal of its strategic partnership with Nationwide Building Society for the provision of credit reference and electronic authentication services.

The new three-year, multi-million pound contract cements Experian as the primary credit bureau for Nationwide.

Nationwide will use Experian's credit bureau data, to better assess new applications for credit, manage existing customers' access to credit and lend responsibly throughout. The building society will continue to use Experian's Delphi for Customer Management (DCM) software, Delphi for New Business scores and Delphi Data Block - a set of credit variables enabling clients to help build bespoke scorecards using Experian data. All three include highly predictive models and event monitoring to identify changes in the credit behaviour of customers, enabling the organisation to make better customer credit management decisions. In addition, Nationwide will verify, validate and authenticate customers' identities, as well as prevent fraud through Experian's online authentication services.

Nationwide will also migrate to ExPin, Experian's new credit bureau platform designed to help companies gain the most comprehensive view of each customer. ExPin assigns every person a unique identifier PIN to drastically reduce duplication and significantly improve overall match rates and data quality. Experian's latest innovation also allows accurate data sets to be accumulated and analysed within seconds to create a comprehensive, up-to-date picture of a customer's financial circumstances, enabling the provider to gain a complete and accurate profile of its customers.

Craig Boundy, Managing Director of Experian UK and Ireland said: "Our ongoing investment in data and technology innovation has enabled us to provide the most comprehensive view of a customer. This is vital to enable organisations to lend confidently and responsibly. We are delighted to be able to build on our long-term strategic partnership with Nationwide and look forward to supporting the organisation through its future growth strategies."

Iain Laing, Chief Risk Officer for Nationwide, added: "Our partnership with Experian will help us meet the responsibility we have as a mutual to our members by giving us greater control over assessing and managing credit risk which in turn will help us strengthen relationships with both new and existing customers. Our businesses are very much aligned and we see this partnership going from strength to strength in the future."

About Experian:
Experian is the leading global information services company, providing a payment gateway, and data and analytical tools to clients around the world. The Group helps businesses with fraud risk management, managing credit risk, identity protection, target marketing offers and automate decision making. Experian also assists individuals with credit card protection.

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2012 was US$4.5 billion. Experian employs approximately 17,000 people in 44 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and Sao Paulo, Brazil.

Website: www.experian.co.uk

ELSE PRESS RELEASES FROM THIS DATE:

British Airways Announces Red Carpet Route for First A380

2013-03-15

British Airways' has announced Los Angeles as the inaugural destination for its first Airbus A380, with tickets for the flight now on sale. The first A380 to be operated by a UK airline will fly on the "Red Carpet Route" to Los Angeles from October 15 2013, following the delivery of the double-decker superjumbo to British Airways in July. London-based actress Gemma Arterton said: "Working in film means that I spend a lot of time travelling around the world, often to Hollywood. It's essential to arrive feeling fresh and ready for the day ahead, as I ...

Writing Tips by Prompt Proofing: Clarity

2013-03-15

Most of the time, when we write about our business, or we are making a request for something of direct concern to us, we know exactly what we are taking about and what we want to say. The problem is that the recipient of your writing does not have this knowledge - our readers cannot read our thoughts, only our words. Clarity, therefore, is paramount. Anything that could be open to misinterpretation will be misinterpreted, at least 50% of the time. Dates and times are a simple, but important, example. 'This Friday', 'tomorrow morning', etc. rely on the reader reading ...

Station Researchers Report Expanding Science Gains

2013-03-15

The acceleration of the pace and value of research aboard the International Space Station makes for a lively discussion. A panel of investigators making strides in fields ranging from biotechnology and fundamental physics to astronaut health sat down to talk the topic of station research with colleagues gathered for the annual meeting of the American Association for the Advancement of Science (AAAS) in Boston last month. The AAAS, a non-profit organization open to the world's top scientists, is respected for its ability to help governments formulate science policy, ...

StatNames.com - Online Service Opens its Doors for All SEO Specialists and Website Owners Whose Crucial Aim is to Know Everything About Certain Portals or Domains

2013-03-15

Looking for a miracle is a good thing, but working for it is more efficient. If you wish to know everything about your own website to make it really popular or try to study the niche you are interested in to become really successful in your field, you will require a lot of accurate and up-to-date data and figures to make strict statistics work for you. Cooperating with StatNames.com you will finally be able to analyze the site's merits and weak points to make it as favorable and frequented as possible. Online business is a tricky thing - commercial sites should be able ...

Will natural gas exports raise prices for consumers?

2013-03-14

How much of the United States' newfound bounty of natural gas should stay at home, keeping prices low for domestic customers? How much should be earmarked for export in the form of liquefied natural gas (LNG), at the risk of making natural gas pricier? Those questions are the topic of the cover story in the current edition of Chemical & Engineering News (C&EN), the weekly newsmagazine of the American Chemical Society, the world's largest scientific society. C&EN's Jeff Johnson and Alexander H. Tullo explain in the story that hydraulic fracturing and other technologies ...

Predictability: The brass ring for synthetic biology

2013-03-14

Predictability is often used synonymously with "boring," as in that story or that outcome was soooo predictable. For practioners of synthetic biology seeking to engineer valuable new microbes, however, predictability is the brass ring that must be captured. Researchers with the multi-institutional partnership known as BIOFAB have become the first to grab at least a portion of this ring by unveiling a package of public domain DNA sequences and statistical models that greatly increase the reliability and precision by which biological systems can be engineered. The DNA sequences ...

International gender difference in math and reading scores persists regardless of gender equality

2013-03-14

Malala Yousafzai, the teenaged advocate for Pakistani girls' education, was released from the hospital earlier this month. Most of the world's girls don't have to fight as hard as Yousafzai for their education. However, even in countries with high gender equality, sex differences in math and reading scores persisted in the 75 nations examined by a University of Missouri and University of Leeds study. Girls consistently scored higher in reading, while boys got higher scores in math, but these gaps are linked and vary with overall social and economic conditions of the nation. ...

UCLA-led study finds devices no better than meds in recovery from clot-caused strokes

2013-03-14

When someone has a stroke, time equals brain. The longer a stroke is left untreated, the more brain tissue is lost. Since the only proven treatment — a clot-busting drug — works in less than half of patients, stroke physicians had high hopes for a mechanical device that could travel through the blocked blood vessel to retrieve or break up the clot, restoring blood flow to the brain. But in a recently completed multi-site trial in which UCLA served as the clinical coordinating center, researchers found there was no overall recovery benefit to patients treated with clot-removal ...

ASU scholars advocate innovation in regulatory, payment pathways for personalized medicine

2013-03-14

Two innovative programs designed to improve the availability of emerging medical technologies that can help patients receive more effective, efficient and personalized health care are advanced in a commentary written by a team of scientists and policy experts, including seven from Arizona State University, and published today in Science Translational Medicine. The March 13 article, "Regulatory and Reimbursement Innovation," explores the benefits of coverage with evidence development (CED) and parallel review for the regulation and reimbursement of molecular diagnostics. ...

EASL calls on UK to tackle alcohol consumption problem through implementation of minimum pricing

2013-03-14

Geneva, 13th March 2013 --- According to WHO, liver cirrhosis accounts for 1.8% (i.e. 170,000) of all deaths in Europe. In recent years liver cirrhosis has become a serious health threat in some Western European countries such as Ireland and the United Kingdom, where over the last 10 years the associated mortality has increased . The European Association for the Study of the Liver (EASL) urges the UK government to press ahead with its proposed implementation of the minimum unit pricing of alcohol. EASL's most recent publication The burden of liver disease in Europe: ...

LAST 30 PRESS RELEASES:

Shaking it up: An innovative method for culturing microbes in static liquid medium

Greener and cleaner: Yeast-green algae mix improves water treatment

Acquired immune thrombotic thrombocytopenic purpura (TTP) associated with inactivated COVID-19 vaccine CoronaVac

CIDEC as a novel player in abdominal aortic aneurysm formation

Artificial intelligence: a double-edged sword for the environment?

Current test accommodations for students with blindness do not fully address their needs

Wide-incident-angle wideband radio-wave absorbers boost 5G and beyond 5G applications

A graph transformer with boundary-aware attention for semantic segmentation

C-Path announces key leadership appointments in neurodegenerative disease research

First-of-its-kind analysis of U.S. national data reveals significant disparities in individual well-being as measured by lifespan, education, and income