Nov. 6, 2012
-- Just six months after launch, data exchange Helix has welcomed yet another leading creditor, with Lending Stream joining as a participant.
Launched in May 2012, HeliX allows creditors to share a new level of knowledge about consumers in arrears which informs debt collection agency (DCA) allocation decisions and arrears management activity.
Joining founding members across energy, telco, water, financial services and debt purchase, Lending Stream will provide recently verified data which, combined with the existing data for over five million consumers held by Helix, will enrich the data exchange even further.
Krishna Gopinathan, founder President and COO at Lending Stream, commented: “We look forward to leveraging the analytical and technological capabilities that HeliX offers, allowing us to better understand our customers and deploy more customer-focused strategies. HeliX dovetails nicely with our proprietary Big Data underwriting technology, which allows us to more accurately determine lending risk and save responsible customers money.”
Elliot Jackson, Director of HeliX, said, “We’re delighted to welcome Lending Stream to Helix. Their recent and rigorously verified consumer data will help to further enhance the performance of HeliX. This will benefit all participants, particularly as we look forwards to the full roll out of Helix v2.0 with its increased functionality this month.”