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[February 04, 2013]
Interthinx announces availability of new industry data for LookAhead
Feb 04, 2013 (Datamonitor via COMTEX) -- Interthinx, a Verisk Analytics subsidiary and a provider of risk mitigation solutions, has announced the availability of new industry data for LookAhead.
Powered by the patented Dual-time Dynamics approach, LookAhead can now be purchased with industry data sourced from Equifax and used by retail lenders across all consumer asset classes, the company said.
LookAhead is scenario-based forecasting software from Interthinx that is used by lending institutions worldwide to provide control over loss forecasting and stress testing. It provides lenders with a repeatable and transparent process accompanied by support and training from experts, the company added.
"By adding industry data to LookAhead, banks will now have a more precise way to benchmark historical performance in their own retail portfolios against the industry as a whole and to use the data to improve their forecasting models," stated Michael Smith, chief technology officer and chief architect at Interthinx.
"Clients using LookAhead will be able to leverage industry data for modeling products such as auto, mortgage, home equity, retail cards, credit cards, student loans, and consumer finance loans using segmentation across nine US census regions and four origination risk bands," Smith said.
"This most recent enhancement to the LookAhead product is a great example of how Interthinx approaches its primary mission to help banks adapt to the changing business climate," said Jeff Moyer, Interthinx president. "We continue to develop our products and services in direct response to financial industry requirements created by complex new governmental regulations."
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