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Experian launches new service

Experian has built a flexible scoring solution for Accucard offering consumers the opportunity to &#39create&#39 a credit card product for themselves.

Consumers can tailor their card by choosing the combination of payment options, interest rates and cash-back rewards that best suit their individual needs.

Key to this flexibility is the multiple scoring model conceptualised by Accucard and developed by Experian and Accucard.

This enables Accucard to predict customer lifetime value at point of acquisition and price each customer for overall business risk. This builds on conventional risk-only (fraud/default and delinquency) models to achieve an objective actuarial model of the lifetime value of each new customer.

Gavin Snell, director of business development at Experian, says: “Accucard has taken a much wider view of customer worth than is usually made at point of acquisition. They recognise that default risk is just one dimension of overall business value, particularly for revolving credit products. Low card usage, lack of revolving and high attrition rates can be just as damaging for the profitability of portfolio as payment defaulters.”


“Big 4” account holders leave in droves

More people are switching away from the Big 4 banks, new figures revealed by Which? Magazine reveal. They show that around 3.5% of the Big Four bank&#39s current account customers are set to switch in the next year. The rate of switching has almost tripled since the DTI carried out its research into switching behaviour […]

New rates for Mortgage Express sub-prime range

Mortgage Express, the specialist lending arm of the Bradford & Bingley Group, yesterday announced a range of new pricing deals on its Clean Slate sub-prime mortgage range. Clean Slate is available to all customers who can provide a clean 12-month credit history and it offers the following rates: • 4.99% discounted rate – applies for […]

Bristol & West promises five-year security

Bristol & West Mortgages promises five years of mortgage security with the launch of its new mortgage range today (July 29 2002).Debbie Staveley, B&W spokeswoman, says: “With much hype and numerous conflicting economic reviews and predictions about interest rate rises, this can be a very worrying time for the homebuyer and even more so for […]

MIFAS launches buying club

Misys IFA Services (MIFAS), has announced the launch of its buying Club for the benefit of its members. The MIFAS Buying Club will provide members with access to discounted products and services for their businesses. It offers products and services from Insight (providers of computer hardware and software products), Parity (IT and management skills training […]

Japan Economic Insight

James Dowey, Chief Economist, and Paul Caruana-Galizia, Economist

The conventional wisdom is that following a roughly 50 per cent rise in the stock market in 2013 in Yen terms, the Japan trade is over and done*. So the story goes, those big gains were due to a one-off boost from quantitative easing (QE) and a depreciation of the Yen — policies that one should think of as a palliative to Japan’s economic weakness, but not a cure. Rather the cure, and by implication the necessary condition for a longer-term investment case, is deep structural reforms — a painstaking re-weaving of Japan’s economic and social fabric, no less. The story continues: this is a much tougher test than launching a blast of QE, and one that prime minister Shinzo Abe, although well intentioned and well supported by the public thus far, is likely to fail. Stick a fork in Japan, it’s done…continue reading


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