Enhanced data access

Experian has unveiled Attribute Toolbox, a data intelligence application that puts enhanced data access and attribute management capabilities directly into the hands of clients. Experian’s Attribute Toolbox allows institutions not only to connect to multiple data sources, but also to effectively build, fine-tune and manage the attributes that are required to make informed decisions throughout the customer life cycle.

The company explains that attributes are the variables that summarize raw data for use in developing and executing scorecards. They can be customized to reflect specific customer behaviors that drive better business decisions. Lenders use attributes--such as the number of delinquent accounts--as the basic component to make smarter decisions on extensions of loans or credit.