Costa Mesa and Palo Alto, Calif., Jan. 09, 2017 (GLOBE NEWSWIRE) -- In a move that is transforming the way Experian provides consumer and business credit data to its clients, the company is integrating Cloudera Enterprise onto its cloud environment for its Credit Information Services, Decision Analytics and Business Information Services business lines.
Accessing big data from Experian through Cloudera’s platform, provides organizations a significant competitive advantage that enables them to make critical business decisions in milliseconds.
“Data is at the core of our product innovation and technology strategy. Our partnership with Cloudera enables a flexible data discovery architecture which improves our already robust infrastructure, and helps clients solve their most challenging business problems,” said Barry Libenson, Experian global chief information officer. “Having a multi-tenant data management environment in place across our business lines is essential as clients require this kind of agility and speed in data analytics today.”
Solving complex credit underwriting problems in account management, customer acquisitions and collections using advanced analytical models is where Experian helps businesses achieve more. One example is the Experian Analytical Sandbox, which benefits clients through combined data and improved technology. This innovative environment offers data scientists the agility to build analytical models to solve for their specific financial issues within their business.
“Financial services companies require cutting edge technology to meet the demands of a changing demographic and regulatory environment, especially as more customer relationships move to digital channels,” said Alex Lintner, Experian president of consumer information services. “Powerful new technologies, like big data, advanced analytics with machine learning, let Experian explore the information we collect to help our customers operate better.”
For example, one client organization faced an issue understanding the implications for home equity loans nearing end-of-draw. Using Experian’s Cloudera solution, the data analysis which originally took six months to complete was completed in just a few hours. This analysis enabled the organization to decide how to manage its home equity portfolio to meet the needs of its business and customers.
“Experian needed a fast, easy and secure platform to help expedite critical decisions about credit,” said Mike Olson, founder and chief strategy officer for Cloudera. “Those decisions demand more data and a much richer analytic toolbox than before. Cloudera’s modern platform allows Experian to ingest data in real time, clean and organize it and then apply powerful techniques using statistics and machine learning to better understand markets and risk.”
Read more about how the Experian Analytical Sandbox can help your business.
About Cloudera
Cloudera delivers the modern data management and analytics platform built on Apache Hadoop, Apache Spark and the latest open source technologies. The world’s leading organizations trust Cloudera to help solve their most challenging business problems with Cloudera Enterprise, the fastest, easiest and most secure data platform available for the modern world. Our customers efficiently capture, store, process and analyze vast amounts of data, empowering them to use advanced analytics and machine learning to drive business decisions quickly, flexibly and at lower cost than has been possible before. To ensure our customers are successful, we offer comprehensive support, training and professional services. Learn more at cloudera.com.
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About Experian
Experian® is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.
We have 17,000 people operating across 37 countries and every day we’re investing in new technologies, talented people and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index. Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the company.
Experian and the Experian marks used herein are trademarks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.
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