ChexAdvisor by Equifax
ChexAdvisor by Equifax
ChexAdvisor by Equifax
ChexAdvisor delivers a powerful supplement to traditional credit data by tapping into consumers’ banking behaviors—such as bounced checks, forced closures, and fraud flags—with real-time insights . It enables lenders to assess applicants who lack substantial credit history, significantly expanding access to underserved populations.
ChexAdvisor delivers a powerful supplement to traditional credit data by tapping into consumers’ banking behaviors—such as bounced checks, forced closures, and fraud flags—with real-time insights . It enables lenders to assess applicants who lack substantial credit history, significantly expanding access to underserved populations.
Integrated Partner
CATEGORIES
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Integrated Partner
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Open Banking
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Cash Flow Analytics
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Risk & Modeling
Resources
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Overview
ChexAdvisor is a real-time alternative bank data API from Equifax that surfaces checking and savings account behavior - deposit trends, returned checks, forced closures, and fraud flags - across more than 400 attributes, including a Demand Deposit Risk Score built to predict account closure.
Key Features:
Real-Time Banking Behavior Data
Access consumer bank activity in real-time, including deposit trends, returned checks, and account closures.Demand Deposit Risk Score
A proprietary score based on deposit account behavior, designed to predict account closures and assess risk.400+ Unique Attributes
A rich set of behavioral indicators, including transactional patterns and account health markers.Fraud & Closure Alerts
Flags past forced closures and suspected fraudulent activity, helping mitigate risk early in the application process.Enhanced Thin-File Coverage
Enables risk evaluation of consumers with limited or no credit history, expanding approval rates without increasing exposure.Seamless API Integration
Easily integrates into existing underwriting models and credit workflows without disrupting operations.
Typical Use Cases:
Underwriting support for short-term, installment, and auto lending
Credit assessments for telco/pay-TV and lease-to-own industries
Enhancing approval accuracy for banking and credit products
Extending financial services to underbanked or credit-invisible populations
Industries Served:
Consumer Lending
Auto Finance
Banking
Telecommunications
Retail & eCommerce
Lease-to-Own Services
Value Proposition:
ChexAdvisor helps lenders reduce risk, improve decisioning accuracy, and expand access to financial products by leveraging alternative data tied to consumer bank account behavior. It is a powerful complement to traditional credit data—especially valuable in evaluating applicants underserved by the credit system.
Use Cases
Underwrite thin-file and non-prime applicants on deposit account behavior when there is little bureau history to score.
Catch prior forced closures and suspected fraud early, before the application reaches a credit pull.
Add the Demand Deposit Risk Score as a second dimension alongside a traditional credit score.
Expand approvals into underserved segments without loosening the risk tolerance on the credit box.
Overview
ChexAdvisor is a real-time alternative bank data API from Equifax that surfaces checking and savings account behavior - deposit trends, returned checks, forced closures, and fraud flags - across more than 400 attributes, including a Demand Deposit Risk Score built to predict account closure.
Key Features:
Real-Time Banking Behavior Data
Access consumer bank activity in real-time, including deposit trends, returned checks, and account closures.Demand Deposit Risk Score
A proprietary score based on deposit account behavior, designed to predict account closures and assess risk.400+ Unique Attributes
A rich set of behavioral indicators, including transactional patterns and account health markers.Fraud & Closure Alerts
Flags past forced closures and suspected fraudulent activity, helping mitigate risk early in the application process.Enhanced Thin-File Coverage
Enables risk evaluation of consumers with limited or no credit history, expanding approval rates without increasing exposure.Seamless API Integration
Easily integrates into existing underwriting models and credit workflows without disrupting operations.
Typical Use Cases:
Underwriting support for short-term, installment, and auto lending
Credit assessments for telco/pay-TV and lease-to-own industries
Enhancing approval accuracy for banking and credit products
Extending financial services to underbanked or credit-invisible populations
Industries Served:
Consumer Lending
Auto Finance
Banking
Telecommunications
Retail & eCommerce
Lease-to-Own Services
Value Proposition:
ChexAdvisor helps lenders reduce risk, improve decisioning accuracy, and expand access to financial products by leveraging alternative data tied to consumer bank account behavior. It is a powerful complement to traditional credit data—especially valuable in evaluating applicants underserved by the credit system.
Use Cases
Underwrite thin-file and non-prime applicants on deposit account behavior when there is little bureau history to score.
Catch prior forced closures and suspected fraud early, before the application reaches a credit pull.
Add the Demand Deposit Risk Score as a second dimension alongside a traditional credit score.
Expand approvals into underserved segments without loosening the risk tolerance on the credit box.
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