LexisNexis Risk Management and Intelligent Results to Collaborate on a New Hosted Solution for the Collections Industry

LexisNexis® Risk Management, a leading provider of legal, news, business information and risk management services, and Intelligent Results, a pioneer in customer analytics software for financial services companies, today announced an alliance to create a hosted solution for the collections industry that will speed operational efficiencies and increase agency revenue streams.

The $15 billion collections industry faces unprecedented challenges, including rising costs and deteriorating debt portfolios that are eroding margins for collections agencies. One way to reverse this trend is to provide agencies with comprehensive and reliable data along with analytics and modeling capabilities to increase the probability of successful portfolio collections.

LexisNexis is a leader in information services and works with more than 14,000 financial institutions to provide collection and recovery solutions that help customers increase revenue and reduce the risks associated with conducting business. Intelligent Results, which works with five of the top 10 banks and leading collections agencies, offers both an integrated analytics and decision management platform called Predigy™ and a series of specialized Action Applications™ for collections.

The hosted solution will combine data amassed by LexisNexis and Intelligent Results strategy software. The LexisNexis® data includes information on individuals, businesses, assets and more. LexisNexis Risk Management is licensing key components of Intelligent Results? Predigy platform to provide a decision management solution for the collections industry — from real-time what-if analysis, strategy development and predictive modeling all the way through execution, deployment, and reporting.

While analytics and strategy development software has typically been used by the largest players in the industry, the hosted solution will also enable small to mid-size agencies to have the same capabilities.

The agreement enables LexisNexis Risk Management to provide collections customers with end-to-end solutions that combine data and analytics to improve operational efficiency. The alliance enables Intelligent Results to extend its capabilities to LexisNexis Risk Management?s broad customer base across the industry.

The hosted solution is scheduled for release before the end of the year, with a jointly developed collection score scheduled for release during the third quarter.

?Collections agencies are facing increased pressure on their margins and need cost-effective solutions to help them determine how to speed up and optimize their business,? said Dane Mauldin, vice president, collections markets for the LexisNexis Risk Management business unit.

?LexisNexis has an extensive data repository of intelligence, helping our customers drastically improve contactability and collectability. With Intelligent Results, we can now offer our customers the ability to incorporate analytics linked directly to operational decision making to improve their top and bottom lines.?

?Intelligent Results? mission is to enable companies to make smarter decisions and take action based on those decisions as quickly as possible,? said Stan Shull, vice president of business development for Intelligent Results. ?By aligning with LexisNexis, we believe we can help change the economics and performance of the collections industry.?