Credit Risk

A Centralized Decision Management Platform for Financial Institutions

A Centralized Decision Management Platform for Financial Institutions

December 02, 2021 | Jamie Bassaline

Today, financial institutions need to be agile, fast, and flexible to keep pace with the changing market and customer dynamics. Digitization is changing consumers' expectations and demands. 75% of consumers expect a response within the first five minutes of making contact online.1 In order to succeed in this fast environment, financial institutions need all their data and analytics in one place. “Only Equifax” provides a cloud-native, decision management platform called InterConnect® Decision Hub that integrates data and analytics into one location. InterConnect® Decision Hub can be used by account lenders, risk management, marketing, compliance, back office operations, and more. 

With InterConnect® Decision Hub by Equifax, companies can keep their acquisition strategy in step with industry and market changes. InterConnect® Decision Hub incorporates a unique mix of data, attributes, scores, and analytics in order to test, optimize, adjust, and deploy strategies as quickly as possible. This allows businesses to make better decisions and more predictive outcomes. 

More than a credit score

Consumers and businesses need access to credit and lending to live and perform. However, many of these individuals with thin or no credit score are deemed “credit insecure” and lack formal credit opportunities. However, just because they have no or minimal credit history doesn’t mean they aren’t potentially credit-worthy. 50% more people qualify for credit when bank transaction data, telecom and utility data, and income and employment data are used along with traditional credit scores.2

With the help of Equifax, businesses can extend access to credit to underserved populations while still managing risk. Businesses can do this by using alternative and trending data to identify new and underserved prospects all thanks to InterConnect® Decision Hub. 

In the new infographic, Streamline Automate Decisioning Processes with InterConnect® Decision Hub by Equifax, we explain how financial institutions can grow their business with automated credit and risk decisioning. Ready to learn more? View the infographic on delivering the best results for your business with InterConnect® Decision Hub here.


2 Equifax data
Jamie Bassaline

Jamie Bassaline

Marketing Associate - Content Curator

Jamie Bassaline has been part of Equifax since 2019. Jamie holds a Master’s Degree in Social Media and Mobile Marketing from Pace University and a Bachelor’s of Business Administration with a concentration in Marketing from Florida Atlantic University.