Home Business NewsBusiness Aire and Experian announce new strategic partnership

Aire and Experian announce new strategic partnership

by Sarah Dunsby
15th Feb 19 6:49 am

​Aire​, which aims to make credit fairer for consumers, and more  valuable to lenders, has entered into a reseller agreement with Experian. Experian can now sell Aire’s credit insight combined with their bureau and decisioning services. Aire continues to partner directly with lenders. Experian and Aire are already working on integrating Aire’s credit insights directly into Experian’s PowerCurve credit decisioning platform for N Brown.

This follows an initial proof of concept (POC) with Aire, which demonstrated value in the additional insight, and enabled better decisions to be made on customer applications. The integration with Aire and Experian now enables a full commercial rollout in an efficient way for N Brown.

Aire’s chief commercial officer, Matt Davies said, “We have always looked to augment traditional credit  bureau data with Aire’s credit insight engine. The Aire and Experian partnership we are announcing today  will open a previously underserved credit population for lenders in a convenient, efficient, and scalable way.

“We are confident the combination of Aire and Experian data creates a market leading proposition which will  be attractive across multiple sectors and the full lending spectrum where lenders want to gain additional  information on applicants to make better credit decisions.”

Jonathan Westley, Experian’s chief data officer said, “Aire’s credit insight engine has been used  successfully in online originations and collections journeys by obtaining additional information from  customers. The information, added to existing bureau data, helps lenders to enhance and further automate  credit decisioning.

“Aire will enable Experian to offer a new and innovative solution for people with thin  credit files, which will help our clients to improve their credit decisions.”

Chris Kevill, credit risk director at N Brown said, “We pride ourselves on providing affordable lending to  our customers and our ambition is to responsibly say yes to more customers by leveraging new data and  analytics. Following the successful proof of concept with Aire, we are delighted to be moving to a full rollout  which will lead to better outcomes for our customers.”

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