KDnuggets : News : 2008 : n09 : item31 < PREVIOUS | NEXT >

Briefs

LexisNexis(R) Risk & Information Analytics Group Announces Alliance with Leading Collections Agency to Develop Advanced Scoring Models

Blend of Powerful Analytics and Real-world Collections Expertise to Support Development of Enhanced Collections Solutions

NEW YORK, Apr 25, 2008--(BUSINESS WIRE)--LexisNexis� Risk & Information Analytics Group and Account Control Technology, Inc. (ACT) today announced a strategic alliance that will lead to enhanced collections solutions and improved debt recovery processes. The first phase of the alliance, currently underway, involves blending powerful LexisNexis� analytics and breadth of data with the unique collections experience and insight of ACT.

"As an aggressive, growth-oriented company we are always looking for new ways to improve our recovery rates and client service," said Don Taylor, president of ACT. "As a LexisNexis customer, we benefit from the quality of their analytics and wanted to find additional ways of leveraging their advanced technology. This alliance allows us to co-develop next-generation collections solutions while benefiting from the knowledge and expertise that both organizations have gained as leaders in collections technology."

The new unique analytics solution combines LexisNexis debtor insight data with information and methodologies developed by ACT. The joint solution draws heavily upon the LexisNexis Risk & Information Analytics Group RecoverScore� solution, a scoring product that uses advanced data mining techniques to identify the most collectible accounts in a debt portfolio. Utilizing comprehensive public records, highly predictive non-credit data, and historical account-specific data, the RecoverScore solution helps collectors predict the likelihood of debt recovery as well as the quality of individual accounts.

Read more.

Bookmark using any bookmark manager!


KDnuggets : News : 2008 : n09 : item31 < PREVIOUS | NEXT >

Copyright © 2008 KDnuggets.   Subscribe to KDnuggets News!