Experian, the global information services company, today announced that Delphi for New Markets Generation 2 is now available for South African lenders.
The new release of highly predictive bureau scorecards has been further enhanced to better respond to the challenges posed by the current economic climate. Delphi for New Markets Generation 2 offers lenders greater discrimination and decisioning power for traditionally high risk markets, such as new market entrants and micro-lending customers.
Developed by local analytics professionals, the latest version of Delphi for New Markets combines Experian's innovative data and analytics with a deep understanding of the South African market to provide a tailored scorecard for the local economy and credit environment. The score's greater predictive strength lies in the use of development samples featuring account information from both the National Loan's Register (NLR) and the Consumer Providers Association (CPA).
Ramesh Pillay, head of Experian Credit Bureau in South Africa, said: “Delphi for New Markets Generation 2 further enhances Experian's suite of consumer credit analytical tools in South Africa. It has been developed to maximise the predictive power of all elements of Experian's comprehensive consumer credit history information database to deliver a leading microfinance capability and supports responsible lending in this market.”
“The Delphi for New Markets Generation 2 score has been optimised using new segmentation and performance classifications in the development sample. This is a specialised score tailored to allow a better evaluation of portfolios where the value of lending is lower and the risk is generally higher. Our clients using the latest version of Delphi have seen a real uplift in performance.”
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The Delphi Suite
Experian's Delphi bureau scorecards have long been at the heart of personal lending in South Africa and around the world. Over the years Delphi has proven itself to be an extremely effective predictor of risk within South Africa's financial services market and has assisted in enhancing Experian's reputation as a leader in scoring analytics.
The Delphi suite is a trio of statistically proven bureau scores each comprising a number of scorecards that can be delivered as a score. The Delphi suite has been developed in South Africa and is tailored to the South African market using Experian's global scoring expertise. The Delphi scoring models effectively condense a wide spectrum of positive and negative credit history information into a highly predictive suite of credit scores tailored to optimise credit decisioning of credit providers, across the market at every stage of the customer life cycle from targeting of new customers to collections.
Experian
Experian is the leading global information services company, providing data and analytical tools to clients in more than 65 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision-making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.
Experian 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 2009 was $3.9 billion. Experian employs approximately 15 000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and S~ao Paulo, Brazil.
For more information, visit http://www.experianplc.com.
Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein may be the trademarks of their respective owners.
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