Facilitating wider and fairer access to finance and reducing fraud

Authentification services

These services enable the instant verification of customer identity thus providing security for those conducting transactions online and at call centres. It gives customers instant answers and enables credit-granters to check security in real time.

VantageScore

Developed as a direct result of market demand for a new approach to credit scoring, VantageScore combines the collective experience of the three major credit reporting companies in the US: Experian, Equifax and TransUnion. Any resultant consumer score is now directly comparable with any other, with any variations caused simply by data differences, not by the structure of the scoring model or data interpretation. Consumers vouch for it being an easier to understand score. It is independently marketed and sold through each of the three companies and has created a new standard across the US.

Consumer Credit Bureaus

Experian’s Consumer Credit Bureaus help lenders manage their risk and lend responsibly. They protect consumer rights, and by enabling consumer and business borrowing thus contribute to the creation of good conditions for sustained economic growth.

Small Business Intelliscore

A tool that helps financial institutions evaluate the creditworthiness and potential risk of a small business through a single score making the process of doing business with smaller organisations as quick and efficient as engaging with their larger competitors and so ultimately creating more opportunity for small businesses to expand.

Car Data Check Services including AutoCheck and Motorcycle Service

Protects those involved in buying, selling, insuring or financing used vehicles from fraud. It confirms the vehicle’s identity and any current adverse information recorded against it, such as indications that the vehicle may have been stolen, outstanding finance, details of insurance write off and salvage and flood damage history - which could affect the value or the safety of the car.

Motor Insurance Database

Enables the identification of uninsured drivers in the UK and provides an effective tool for the police and insurers to tackle the problem. Uninsured driving costs the UK in excess of £350 million and affects the insurance premiums of insured drivers.

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Products sorted by social benefit

Reviewed against a range of social benefits, many of our current products fit into the following four categories:

Facilitating wider and fairer access to finance and reducing fraud

Simplifying life’s financial decisions for individuals

Making processes efficient and simple, saving costs and  reducing waste

Creating new insights and connections to solve social problems

We have sorted a selection of our main products and services into these categories and added the new products we developed this year that have a particular social focus. Click on the category you are interested in to see short descriptions. For a full overview of all our products and services see Explaining Experian.

Simplifying life’s financial decisions for individuals

Direct to consumer credit profile management products

CreditExpert, Triple Alert, Triple Advantage and Credit Manager are all products offered by Experian, direct to the consumer, to allow them to monitor and protect their credit histories, which can help guard against identity fraud. Consumers can track changes to their credit score through daily alerts which indicate credit activity. These changes could be signs of identity theft. There are various levels of service, which offer everything from online educational articles and advice to identity theft insurance and a dedicated fraud resolution service.

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Making processes efficient and simple, saving costs and  reducing waste

Absolute Movers and similar products

A product for identifying home movers that prevents communications being sent to previous occupiers. This reduces the risk of identity fraud and prevents wasted mailings reducing the environmental impact of direct marketing. Similar products ensure that databases are kept up to date by removing the names of – for example – deceased individuals, and ensuring that relatives are not distressed with unnecessary mail.

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Creating new insights and connections to solve social problems

Mosaic Public Sector

Mosaic Public Sector is the UK's first classification focused on the needs of the citizen. It supports better policy decision making by providing a single integrated view of typical citizens combining trend data from various public sources including health, crime, education, criminal justice, local and national government. This helps public sector organisations implement preventative measures for health, benchmark the performance of community services, deliver more effective communications and improve resource allocation at ground level. For example, the police in the UK use Mosaic to identify neighbourhoods at risk of burglary and other household crimes; it is used by the health service in the UK to analyse patterns of exposure to diabetes, teenage pregnancy and heart disease and the UK’s fire service uses Mosaic to identify households most at risk of fire.

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