Dun & Bradstreet Launches D&B Unified Risk View™
Dun & Bradstreet, a leading global provider of business decisioning data and analytics, has launched its trademarked D&B Unified Risk View™ in the UK to help financial services organisations and trade credit providers to make smarter credit risk decisions when lending to the UK’s 5.5 million small businesses (those with fewer than 250 employees).
The new solution, which is enhanced by TransUnion’s UK consumer data, combines both business and consumer data – to provide a unified view of a credit applicant’s risk profile. This comprehensive view of a business’s creditworthiness can help lead to more favourable options for the applicant, while also offering Credit Risk teams better insights into potential risks, helping to reduce the risk of bad debt.
The solution allows financial services and trade credit providers to expand their customer portfolios into the UK’s 5.5 million small and micro businesses with more confidence and to better understand any existing credit risk.
For credit providers and lenders, D&B Unified Risk View also helps to identify future growth opportunities amongst their customer base, as well as build better customer management strategies to reflect their changing behaviours and circumstances – while still effectively managing risk.
It can also be used to maintain high security and to support GDPR-compliant standards when accessing non-customer consumer data. This will be increasingly important as data protection regulations continue to evolve and expand.
"The success of small businesses, sole traders and micro enterprises is essential to the country’s growth and overall resilience. But for too long, lenders, as well as those extending a line of trade credit, have struggled to assess their risk effectively by using business data alone. "Dun & Bradstreet is committed to empowering lenders and credit providers with data solutions that help them make smarter and quicker credit risk decisions. D&B Unified Risk View enables credit providers to navigate risk effortlessly. By leveraging these comprehensive insights, lenders can optimise lending decisions, and drive profitability while ensuring robust data security."
“We’re excited to partner with Dun & Bradstreet to help enable better decision making. At TransUnion, information for good is at the heart of what we do and by combining both consumer and business data we can help enable the best possible outcome for both consumers and lenders. Access to accurate data is crucial to ensuring that businesses are able to access the credit that they need, in an affordable and responsible way.”
About Dun & Bradstreet
Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk, and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit www.dnb.com.
Media contact:
Meghan Joshi
+44 7851326134