Experian will take care of HFE’s credit referencing, commercial and consumer scoring, consultancy for new scorecard development and fraud prevention.
HFE’s customers include both commercial and private individuals, so the solutions provided by Experian incorporate third party data compliant commercial and consumer credit bureau information, predictive scoring through Commercial Delphi (for business credit checking) and Delphi for new business for consumer applications. HFE is also utilising ‘detect’, Experian’s anti-application fraud system, to identify and prevent potentially fraudulent applications for finance.
Experian is also helping to power Honda’s approved used vehicle programmes with its vehicle provenance service, Car Data Check.
Jonathan Chenoweth, head of finance & credit at Honda Finance Europe, said: “The breadth and standard of Experian’s offering meant that we could obtain all of our credit reference needs from one supplier. We will be able to work closely with one organisation rather than having several relationships in order to meet our requirements for now and the future.”