ETCIO: Equifax InterConnect helps Indian CIOs

on April 18, 2019
ETCIO

ETCIO, of The Economic Times, recently interviewed KM Nanaiah, Country Head at Equifax, to discuss Equifax InterConnect. Equifax is a global data, analytics, and technology company that serves financial institutions, corporations, government agencies, and individuals with enriched data and executable insights. InterConnect is a cloud-based decision management system that helps financial institutions transform complex data into action. Applications include customer acquisition and loan decisioning. Through InterConnect, financial institutions can achieve application processing in seconds.

InterConnect’s Rules Editor is powered by Sparkling Logic SMARTS™. Learn more about how Equifax transformed InterConnect through SMARTS™. This powerful tool allows business users to:

  • Quickly create new rules or modify existing rules. RedPen™ rule authoring enables an efficient point and click way to help quickly build or modify rules to efficiently implement new business policy.
  • Develop test data sets for repeated use. Easily create test data or import production data (CSV, JSON, or XML) to test rules on your local PC.
  • Rapidly deploy models an scorecards. SMARTS™ easy integration with PMML, spreadsheets, and external services requires no additional coding in Java or C++.
  • Experiment with various decision strategies. InterConnect customers can leverage SMARTS™ Champion-Challenger capabilities to test various rules and policies in a simulation, shadow, and live environment.
  • Create a more bullet proof business policy. Custom reports allow you test and track key performance indicators at a glance to help ensure your business rules are performing as expected before IT starts integration testing.

Optimizing Data Structure

Besides leveraging InterConnect, Nanaiah recommends that CIOs organize their data into a data lake which can be further organized into data marts. The goal would be to combine data assets stored in different systems such as core banking systems and CRMs and make them available for easy analysis.

Read the ETCIO full article here.

Learn more about Decision Management and Sparkling Logic’s SMARTS™ Data-Powered Decision Manager

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