Experian Ascend Analytical Sandbox

2019

The Experian company announced in August, 2019 creation of new configurations of analytical "sandbox" of Ascend Analytical Sandbox. Using the uniform source of information from Experian providing better decision making, the staff of small and medium financial institutions can apply this system to development of models, benchmarking, forecasting and many other.

As it appears from the name, Ascend Analytical Sandbox from Experian company includes all analytical tools necessary for financial institutions for knowledge acquisition from data, including R, Python, H2O, Tableau, SAS and also access to SAS Viya on the basis of the exclusive agreement with Experian. Using this platform data analysis and business analysis specialists will be able profitable to use all richness of depersonalizovanny credit and alternative data in 18 years and also all range of analytical tools for answers to such questions as "that happened", "why it happened" and "that to do to me now".

The protected hybrid cloud environment gives the chance to users to integrate own data sets with exclusive data arrays of Experian, including credit, alternative, commercial data, information on car loans and many other things. On this basis users can build and test models at different stages of a credit cycle, including issuance of credits, preliminary selection of borrowers, work with clients and collecting of debt and also to effectively put the models into commercial operation. Ascend Analytical Sandbox of Experian company also allows users to compare the portfolios to industry indicators, to reveal trends in the field of crediting and to investigate possibilities of release of new products.

All knowledge collected using Ascend Analytical Sandbox can be browsed and transferred using interactive dashbord and the individualized reports which can be received in the mode approximate to real time. A system can also be used for the solution of the following tasks:

• The analysis of failures – improvement of models, scoring cards and strategy on the basis of the systematized data on applicants who were refused according to the credit statement or did not begin to take the credit, despite approval of their request
• Campaigns of preliminary selection of borrowers – formation of campaigns of preliminary selection, assessment of results and improvement of strategy
• Cross-sales (cross-sell) – identification of opportunities of cross-sales to the existing clients and interaction potentialities with other credit institutions
• The strategy of collecting of debt, stress testing and forecasting of losses – creation of more reliable models for identification of the clients capable and persons interested to pay debts, for stress testing and forecasting of losses
• Comparison with competitors and industry trends – comparison of the existing portfolio with competitors and with industry indicators
• Preparation for the periods of economic downturn – identification of areas in which it is necessary to correct a portfolio to be prepared for economic downturn

The Ascend Analytical Sandbox system from Experian company became the first Wednesday constructed on the Ascend Technology Platform platform which was put on the market in 2018. It is used by financial institutions (Great Britain. Republic of South Africa, Brazil and states of the Pacific Rim).