The Financial Services world encompasses a variety of industries, but what they all have in common is that they face intense competition and constant change. Cortera offers financial services solutions and supplies data and analytics solutions that provide a competitive advantage to our customers in these arenas.
Whether you are making credit or underwriting decisions, understanding your risk level is critical to decision making. If you play it too safe, you miss opportunity; but if you are reckless, you can lose significantly.
Cortera data and risk analytics provides you with an added level of confidence when making these decisions. Depending on your business model, we have a variety of different ways to bring value to your organization. Our tools allow you to monitor your accounts for their historical purchase and payment history, as well as predictive analytics that score these accounts. Our reporting is highly intuitive, offering red-yellow-green scoring for easy-to-read dashboards, along with much more granular analysis containing scores and explanation codes that pinpoint the reasons for those scores.
In addition to our “off-the-shelf” solutions, we also offer data and attributes that permit you to add the data into your own modeling and analytic workflows. Cortera data is very economical, allowing you to buy what you need, without forcing you into purchasing rigid “bundles” that contain items that you are not interested in. With Cortera data, you can:
- Identify changes and trends in risk exposure
- Track your customers’ and prospects’ behavior regarding risk and opportunity
- Segment your files to maximize your efforts and minimize your risk
Want to learn more? Sign up for a demo to learn how Cortera can help you put the data to work for you.
Cortera’s core strength is in obtaining data on private companies, and providing data points often not collected by other information providers. By appending these unique data elements to your existing customer and prospect databases, we can optimize your efforts, and help you to identify and predict companies that are growing as well as the ones that are declining, forecast the outliers (positive and negative) in their industries, take note of entities that are unique in their geographic boundaries, and many other characteristics. All of these data points are based not only on past activities, but also on Cortera’s unique predictive analytics using purchase behavior data on over 40 categories.
What kind of impact will this additional data have on you? By using this data to refine your marketing and sales strategies, you can focus your resources on high priority prospects, based on unique, previously unobtainable data, rather than dilute your efforts across the total universe. Instead of targeting the largest, but not necessarily the most profitable segments, you can focus on potentially more rewarding revenue streams. The marketable landscape is large and unwieldy, but by optimizing the data, and leveraging unique insights to identify the best segments, you can reduce the “noise”. Data from Cortera includes:
- Year-over-year growth indices
- Predictive risk scores
- Longitudinal payment behavior
- Loan capacity attributes
- Financial product buying scores
- Purchase behavior insights
- Benchmarks of purchases and payments against industry and geographic metrics
Buying Cortera data is very economical, allowing you to buy what you need and not forcing you into rigid “bundles” that includes items that you are not interested in. With Cortera data added to your existing files, you are optimizing for:
- Credit and underwriting decisions
- Risk monitoring
- Targeting cross-sell campaigns
- Reducing acquisition costs
- Increasing response rates
You already build models and score your file. But aren’t you always looking for the next attribute that is going to provide unique insights and a competitive advantage? Even the most successful poker player has a “tell”, and wouldn’t it be great to know what the “tell” is? We live in a world where the data we collect can be analyzed to predict outcomes and show us the “tells”. Cortera has been on the forefront of aggregating and modeling financial data for over two decades and with it, you can leverage the key Cortera indicators to enhance your existing risk models, or create new indicators of early risk, thus pinpointing the “tells” in your data file.
Cortera data isn’t just about historical payment habits; we also have predictive models that take into account purchasing behavior information in over 40 categories, which can provide additional depth to your analytics. By harnessing these unique raw data streams within your existing models, you gain a competitive advantage not available with traditional data sources.
For easy access, Cortera has an XML web services interface that provides access to our proprietary data and analytics for your enterprise or web applications. Read more about Connect® or request a demo.