The Truv Difference: Why Choose Truv's Scoring Attributes?
Truv stands out from standard attribute solutions by offering superior data accuracy, a complete dataset, AI insights at scale, and robust compliance.
Key Differentiators:
- Complete Data Set: With more than 2200+ attributes covering financial transactions, lenders can significantly reduce the need for manual attributions and interpretation.
- Leading Data Accuracy: Truv attributes have demonstrated up to 0.29 PPT higher AUC (Area Under the Curve) than competitors, leading lenders to a higher number of qualified applicants. AUC ratings range from 0.08 to 0.88.
- AI Insights at Scale: The attributes are trained on over 20 million (20M+) transactions, covering a variety of consumer segments for a wide range of different risk outcomes.
- Compliance & Security: Truv operates on an enterprise-grade platform, offering attributes that are FCRA (Fair Credit Reporting Act) and ECOA (Equal Credit Opportunity Act) compliant. This helps lower disparate lending issues.
Common Problems Solved by Truv:
| Problem | Truv Solution |
|---|---|
| Manual Data Analysis (The need to manually interpret transaction data or build/maintain complex infrastructure) | Eliminate self-created attributes and the manual work needed to maintain attribute accuracy. |
| Unnecessary Risk (Inaccurate models from standard solutions leading to unqualified loan approvals) | Leading the market with data accuracy, Truv provides more qualified applicants and reduces unqualified loans. |
| Unidentified Qualified Applicants (Missing out on applicants due to low/no credit score) | Unlock more applicants with scoring attributes proven to power accurate risk models to uncover qualified segments. |