FIS QualiFile®
Risk Segmentation and Customer Scoring for Financial Institutions
QualiFile is a robust solution complete with risk segmentation and customer scoring for financial instutions — sophisticated, in real-time, and right at the new account opening desk.
FIS QualiFile helps ensure that your bank or credit union is less likely to turn away potentially profitable customers and more likely to turn away risky applicants.
When it comes to risk management and customer scoring for financial instutions, our Web-based application delivers these key benefits:
- Gives real-time customer scoring and policy-driven application
optimizes account growth and profitability goals based on desired
risk and revenue trade offs.
- Eliminates guesswork by providing frontline workers with a simple accept,
reject or review answer for each new account based on risk profiles, policies
and business rules.
- Provides Initial Risk Profile of applicant.
- Provides ongoing monitoring (30 and 90 day) of new account holder’s
inquiry behavior and signs of account abuse.
- Requires no hardware or software. Runs using only a web browser.
- Provides a scalable solution for any financial institution.
- Provides an online reporting suite for full back office visibility and
controls.
- Integrates easily with other applications and other key financial
processes to deliver the fastest and easiest approach to maximizing
revenue and managing risk.
To allow every institution to take advantage of our industry leading services,
we have developed a variety of packages that allow you to choose the solution
you need today, but upgrade as your business grows and requirements change.
Classic
Our Classic package provides reliable customer scoring for financial instutions, based on the risk assessment data from the DebitBureau® that
financial institutions have used for decades to protect themselves against
account abuse. This solution will identify potentially risky applicants and
pinpoint customers that have had accounts closed for cause or bounced checks.
Advantage
Our Advantage package leverages improved data, scores and a flexible
decision engine to allow your financial institution to make faster, smarter
and more managed new account opening decisions. Institutions determine
their own risk strategy based on current needs and requirements. Then,
for each new account, the solution eliminates the guesswork on the frontline
by returning a simple accept, reject or review answer. Each decision is
based on an individually pre-determined risk strategy and a risk assessment
score that scientifically predicts the likelihood an institution will have
to force close an account. Through our Advantage package,FIS QualiFile transforms
our comprehensive data and scores into actionable, consistent and meaningful
recommendations to help institutions meet business goals and manage market
conditions.
Premier
The Premier package offers the industry's most powerful and automated
risk management application solution at the new account opening
desk. Like Advantage, the Premier package also reviews billions of
consumer records within DebitBureau®, but also cross-references the
elements such as late payments, total debt and recent inquiries from
a credit report. An institution can review a risk assessment score
that represents the most comprehensive information available about
an account applicant's history. With one simple inquiry, a front
line worker receives an account opening decision based on real-time
customer scoring that conforms to an institution’s
set procedures, business rules and strategies. Through Premier, an
institution can receive the most complete financial picture of a
prospective customer, which results in the ability to decline fewer
accounts without increasing the institution’s risk level.
Custom
A customized option of QualiFile is available for those institutions that would like a risk scoring application tailored to their specific needs. Please contact the risk assessment experts at FIS for more details on this QualiFile option.
We invite you to learn more about FIS QualiFile and its real-time capabilities including customer scoring for financial institutions.
Find out how the data & decisioning and enterprise of risk management
software solutions can impact your institution. Contact us today with our convenient online form or call us at 1.888.933.8637 (press 1 twice).
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