Experian-Scorex's Fast Start(SM) scoring model selected by Wescom Resources Group
COSTA MESA, Calif., Jan. 17, 2006 -- Experian-Scorex, the global decision solutions business of Experian, announced today that Wescom Resources Group (WRG), a leader in innovative technology solutions for the financial industry, will be integrating Experian-Scorex's Fast Start(SM) generic scoring model into its automated lending solution product. Accessed via Experian-Scorex's decision engine, Connect+(SM), Fast Start will enable WRG's clients to improve the speed and efficiency of evaluating existing customers and new credit applications.
"Experian-Scorex's Fast Start model is an ideal match for our automated lending solution," said Kevin Sarber, president of Wescom Resources Group. "Obtaining information in a rapid manner is important to our clients' business goals. By combining Fast Start with our integrated automated lending solution service, we will save our clients valuable time and enable them to deliver effective service to their members."
Fast Start is a highly predictive generic scorecard solution that combines industry-specific models with support and consulting services. The solution simplifies and speeds up the process of extensive data compilation that enables WRG's clients to utilize its full features and benefits even when in-house historical data may not be available. With the implementation of Fast Start, WRG's clients also will be able to identify exemplary business prospects quickly and accurately and will have access to Experian-Scorex's full suite of scoring models.
"The wide range of services that credit unions offer demands that a precise and responsive decision solution be in place," said Stan Oliai, vice president of Consulting and Analytics for Experian-Scorex Americas. "Fast Start is an especially useful tool for financial institutions that have a dynamic and varied portfolio. We are pleased to partner with WRG and are dedicated to providing them with the tools they need to help their clients achieve their business goals."
About Wescom Resources Group
Backed by Wescom Credit Union, one of the nation's largest credit unions, with more than $3 billion in assets and serving more than 250,000 members, Wescom Resources Group (WRG) provides credit unions with reliable, competitive and timely software solutions and services. With more than 75 credit union clients, WRG is a leader in innovative technologies for the financial industry. Services provided include Symitar (Episys(TM)) Hosted Service Bureau Processing, ATM Deposit Balancing, Item Processing and Disaster Recovery Services. Software Solutions include Home Banking & BillPay, Automated Lending Solution, eStatements, eAlerts, Online Membership Application, CUDL3 Interface and more. WRG provides credit unions with all the benefits of today's technology, leaving financial institutions free to focus on their core financial offerings. For more information, visit http://www.wescomresources.com.
Experian-Scorex is a global leader in decision-support solutions, delivering billions of customer decisions annually for clients in more than 60 countries. By integrating predictive analytics, decision-support technologies and strategy optimization, Experian-Scorex provides solutions that enrich customer data and allow organizations around the world to proactively manage their relationships with their clients. Used across the entire Customer Life Cycle, Experian-Scorex's solutions enable organizations to manage and control credit risk and fraud, reduce operational costs and increase overall profitability. Experian-Scorex works closely with clients across diverse industries, including financial services, telecommunications, retail, leasing, automotive, insurance and utilities.
As part of the global Experian organization, Experian-Scorex maintains connectivity with more than 70 credit bureaus worldwide. Additionally, with 30 offices around the world, it is uniquely qualified to support local, national, regional and global businesses. Its global headquarters are in Nottingham, UK; Monaco; and Costa Mesa, Calif., USA. For more information, visit the company's Web site at http://www.experian-scorex.com.
Experian-Scorex is an Experian company. Experian's 12,000 people support clients in more than 60 countries, and annual sales exceed $2.5 billion. For more information, visit the company's Web site at http://www.experian.com.
Roslyn Whitehurst Experian's Public Relations 714 830 5578 email@example.com
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