Experian licenses credit scoring model to Wescom; names Kearns president, Americas
17 January 2006 | 1627 views | 0
Experian-Scorex, the global decision solutions business of Experian, announced today that Wescom Resources Group (WRG), a leader in innovative technology solutions for the financial industry, will be integrating Experian-Scorex's Fast Start generic scoring model into its automated lending solution product.
Accessed via Experian-Scorex's decision engine, Connect+, Fast Start will enable WRG's clients to improve the speed and efficiency of evaluating existing customers and new credit applications.
"Experian-Scorex's Fast Start model is an ideal match for our automated lending solution," said Kevin Sarber, president of Wescom Resources Group. "Obtaining information in a rapid manner is important to our clients' business goals. By combining Fast Start with our integrated automated lending solution service, we will save our clients valuable time and enable them to deliver effective service to their members."
Fast Start is a highly predictive generic scorecard solution that combines industry-specific models with support and consulting services. The solution simplifies and speeds up the process of extensive data compilation that enables WRG's clients to utilize its full features and benefits even when in-house historical data may not be available. With the implementation of Fast Start, WRG's clients also will be able to identify exemplary business prospects quickly and accurately and will have access to Experian-Scorex's full suite of scoring models.
"The wide range of services that credit unions offer demands that a precise and responsive decision solution be in place," said Stan Oliai, vice president of Consulting and Analytics for Experian-Scorex Americas. "Fast Start is an especially useful tool for financial institutions that have a dynamic and varied portfolio. We are pleased to partner with WRG and are dedicated to providing them with the tools they need to help their clients achieve their business goals."
Separately, Experian today announced that it has named Gary Kearns president of Experian-Scorex Americas, the organization's scoring, decisioning and analytics solutions business.
"Experian-Scorex is a global business that annually delivers billions of customer decisions to clients in more than 60 countries, and Gary's extensive background in the international arena will prove to be a significant asset to the organization," said Kerry Williams, group president of Experian's Credit Services. "We are pleased to have him join the team and are excited about the leadership, communication skills, teamwork philosophy and industry knowledge that he will bring to the division."
In his new role, Kearns will be responsible for leading Experian-Scorex Americas, which includes operations in the United States, Canada, Latin America and Mexico.
Kearns brings more than 23 years of risk-management experience to Experian, with expertise in statistical analyses, business development, loss mitigation and strategic initiatives. He most recently served as managing director and global leader of Risk Solutions - Credit Risk Services for Standard & Poor's, where he was responsible for leading the operations in North America, Europe and Asia.
Throughout his career, Kearns also has held various senior management positions with several large financial institutions, including Bank Austria Creditanstalt American Corporation, FleetBoston Financial, Mellon Bank Corporation and Chemical Bank Corporation.
Kearns earned a bachelor's degree in international finance from Georgetown University in Washington, D.C.