PeerIQ, a leading data and analytics platform operating in the online lending sector, recently announced it was launching a consumer credit suite, which is a fully integrated data and analytics enhancement available through the PeerIQ Analytics platform. The new suite is notably the result of a year-long collaboration with TransUnion
According to the company, the Consumer Credit Suite incorporates TransUnion’s depersonalized consumer credit data from January 2000 to the present. Users can segment the data by asset classes including unsecured personal, credit card, auto, student, mortgage and HELOC as well as originator designations including bank, non-banks, and fintech/online lenders. The suite also enables a set of resources for markets participants:
- Credit Trends: Early identification of credit trends, pricing trends, and dislocations to improve portfolio performance and risk management
- Vintage Analysis: Segment across vintages to assess and compare key performance metrics across various time horizons
- Benchmarking Analysis: Use PeerIQ’s benchmarks or create custom benchmarks to assess whether performance is leading or lagging
Ram Ahluwalia, CEO of PeerIQ, stated:
“The release of our first TransUnion data enabled product is a significant milestone for us. Our clients are demanding through-cycle data histories, cross-asset-class comparisons, and robust analytics and we believe Consumer Credit Suite is a best-in-class solution that addresses all of these requirements.”
Steve Chaouki, Executive Vice President, head of TransUnion’s Financial Services Business Unit, and PeerIQ board member, added:
“We’re proud to support PeerIQ’s push to offer investors and originators deeper insight into their loan and ABS portfolios, as well as the ever-changing consumer credit market. With TransUnion’s data behind it, PeerIQ’s platform will drive enhanced transparency in consumer credit markets, and enable best-in-class portfolio and risk management decisions.”