Experian selects Cloudera to deliver instant access to aggregated financial data

Clients experience improved credit data processing speeds — down to the millisecond

SINGAPORE, January 10, 2017 — In
a move that is transforming the way Experian provides consumer and
business credit data to its clients, the company is integrating
Cloudera Enterprise onto its cloud environment for its Credit Information Services,
Decision Analytics and Business Information Services business lines.

Accessing
big data from Experian through Cloudera’s platform, provides
organizations a significant competitive advantage that enables them to
make critical business decisions in milliseconds.

“Data
is at the core of our product innovation and technology strategy. Our
partnership with Cloudera enables a flexible data discovery architecture
which improves our already
robust infrastructure, and helps clients solve their most challenging
business problems,” said Barry Libenson, Experian
global chief information officer. “Having a
multi-tenant data management environment in place across our
business lines is essential as clients require this kind of agility and
speed in data analytics today.”

Solving
complex credit underwriting problems in account management, customer
acquisitions and collections using advanced analytical models is where
Experian helps businesses achieve more. One
example is the Experian Analytical Sandbox,
which benefits clients
through combined data and improved technology. This innovative
environment offers data scientists the agility to build analytical
models to solve for their specific financial issues within their
business.

“Financial
services companies require cutting edge technology to meet the demands
of a changing demographic and regulatory environment, especially as more
customer relationships move to digital
channels,” said Alex Lintner, Experian president of consumer
information services. “Powerful new technologies, like big data,
advanced analytics with machine learning, let Experian explore the
information we collect to help our customers operate better.”

For
example, one client organization faced an issue understanding the
implications for home equity loans nearing end-of-draw. Using Experian’s
Cloudera solution, the data analysis which originally
took six months to complete was completed in just a few hours. This
analysis enabled the organization to decide how to manage its home
equity portfolio to meet the needs of its business and customers. 

“Experian
needed a fast, easy and secure platform to help expedite critical
decisions about credit,” said Mike Olson, founder and chief strategy
officer for Cloudera. “Those decisions demand
more data and a much richer analytic toolbox than before. Cloudera’s
modern platform allows Experian to ingest data in real time, clean and
organize it and then apply powerful techniques using statistics and
machine learning to better understand markets and
risk.”