With more than a dozen data supply projects under our belt, we have consistently observed five steps a lender should undertake to achieve success. Find out what those steps are to get your business started on the CCR journey.
Having supplied comprehensive data, your organisation is poised to reap the benefits of CCR data consumption. These benefits may include the opportunity to grow your portfolio, to offer a better customer experience or to meet your compliance requirements.
This paper looks at the steps that a credit provider needs to consider to successfully introduce CCR data into their applications process to realise benefits.
The originations process is complex and requires strong change management disciplines. To implement CCR, credit providers will need to work through a series of steps to set business objectives and determine the right time to participate.