Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

EXPERIAN SELECTS CLOUDERA TO DELIVER INSTANT ACCESS TO AGGREGATED FINANCIAL DATA

Clients experience improved credit data processing speeds — down to the millisecond 

In a move that is transforming the way Experian provides consumer and business credit data to its clients, the company is integrating Cloudera Enterprise onto its cloud environment for its Credit Information Services, Decision Analytics and Business Information Services business lines.

clouderaAccessing big data from Experian through Cloudera’s platform, provides organizations a significant competitive advantage that enables them to make critical business decisions in milliseconds.

“Data is at the core of our product innovation and technology strategy. Our partnership with Cloudera enables a flexible data discovery architecture which improves our already robust infrastructure, and helps clients solve their most challenging business problems,” said Barry Libenson, Experian global chief information officer. “Having a multi-tenant data management environment in place across our business lines is essential as clients require this kind of agility and speed in data analytics today.”

Solving complex credit underwriting problems in account management, customer acquisitions and collections using advanced analytical models is where Experian helps businesses achieve more. One example is the Experian Analytical Sandbox, which benefits clients through combined data and improved technology. This innovative environment offers data scientists the agility to build analytical models to solve for their specific financial issues within their business.

“Financial services companies require cutting edge technology to meet the demands of a changing demographic and regulatory environment, especially as more customer relationships move to digital channels,” said Alex Lintner, Experian president of consumer information services. “Powerful new technologies, like big data, advanced analytics with machine learning, let Experian explore the information we collect to help our customers operate better.”

For example, one client organization faced an issue understanding the implications for home equity loans nearing end-of-draw. Using Experian’s Cloudera solution, the data analysis which originally took six months to complete was completed in just a few hours. This analysis enabled the organization to decide how to manage its home equity portfolio to meet the needs of its business and customers.

“Experian needed a fast, easy and secure platform to help expedite critical decisions about credit,” said Mike Olson, founder and chief strategy officer for Cloudera. “Those decisions demand more data and a much richer analytic toolbox than before. Cloudera’s modern platform allows Experian to ingest data in real time, clean and organize it and then apply powerful techniques using statistics and machine learning to better understand markets and risk.”
Read more about how the Experian Analytical Sandbox can help your business.