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Credit Risk Models Limited

As a technology provider, consumer and employee of consultancy business and direct employee of financial institutions in multiple countries within the EU.
1. Credit performance data which enables the financial institution to understand the debt burden of a consumer and the consumers' capacity to service this and to verify the consumers identity by exception
2. Publicly available data (e.g. electoral roll data, court data for (e.g.) bankruptcies, arrangements with creditors or other court orders)
3. Previous search data maintained by credit bureau with respect to former credit search enquiries by financial institutions and others
1. Credit performance data which enables the financial institution to understand the debt burden of a consumer and the consumers' capacity to service this and to verify the consumers identity by exception
Credit assessment both of the binary decision of whether or not to lend to a customer and also to measure a specific consumers affordability (e.g. minimum amount of monthly spending required to service existing credit commitments) and credit performance (e.g. providing a dependant variable for regression analysis to build credit scores and policy rules to determine which consumers to and not to lend to)
More and richer data being available, including OSINT and checking account data for both existing 'legacy' lenders and 'challengers'
Reduced financial crime from the better understanding of consumers; increasing the number of dimensions of data in which a customer is known leading to better decisions; expansion of market for financial products (both lending and deposit-taking) across EU borders
The principles of reciprocity within the UK credit bureaux (via the Standing Committee on Reciprocity) prevent the display of consumers data to a third party; this means that many consumers who might wish to use services of a lender to consolidate debt must do so with significant effort which could be reduced to near-zero in the event of this data being available. In addition, the lack of cross-border credit bureaux means that a whole-of-EU market does not strictly speaking exist. In addition, financial institutions only providing data either weekly or monthly to the bureau means that data is not as complete as it may be.
The data protection risks in the sector are regularly overplayed in a way that restricts competition.
Often: see Experian plc (in particular).
Yes
[Provider of ancillary services to financial institutions (e.g. IT, data processing, data aggregation, etc)"]"
jwcchristiansen@icloud.com
jwcchristiansen@icloud.com
447769319585
Yes