| WITHOUT DQS [NON-AUTOMATED] |
DATA QUALITY SCANNER |
|
|---|---|---|
| Comprehensive review of all accounts |  |
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| Month-over-month progression analysis | |
|
| Drilling down into account-level detail | |
|
| Trend analysis and KPI monitoring | |
|
| Pre-transmission review and regression testing | |
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| Updated guidelines for benchmarking & compliance | |
|
tradelines processed
of reported tradelines processed
reduction in credit reporting dispute rates
Data furnishers play a critical role in today’s credit ecosystem. As a trusted steward of consumer data, Equifax is committed to investing in practices and partnerships that help us better support customers in ensuring accurate data reporting. Joining forces with Bridgeforce supports this commitment by helping furnishers referred from Equifax enhance the quality of their data, resulting in improved accuracy, lower dispute rates and reduced compliance risk.
I have worked with Big 4 firms on similar engagements. From my experience, the knowledge, insight, recommendations, and quality of deliverables provided through the engagement far exceeded my expectations and superior to the firms I have worked with in the past. If ever asked for recommendations on this type of work I will always recommend Bridgeforce first.
Within the first year, DQS helped us improve our credit reporting accuracy — a 70% reduction in discrepancies. DQS directly contributed to the effective rating on our FCRA audit.
We are happy to see Bridgeforce Data Solutions continue to lead the way in the development of new specialized financial technology solutions that improve their clients’ outcomes by significantly reducing regulatory risks and operational costs. They continue to come up with first-of-its kind ways to utilize our solutions and are a great example of using AWS to best serve their clients. We look forward to seeing what they develop in the future using our new AI tools.
The CFPB Published its Spring 2024 Supervisory Highlights this week. The report covers findings from examinations in connection with credit reporting companies (CRC) and furnishers
It is well known in the world of credit reporting that businesses and lenders need to prioritize adherence to industry standards. Among these standards is
CHADDS FORD, PA – February 8, 2024 – Today, Bridgeforce Data Solutions (BDS), a leading financial technology firm, announced the release of new features to
If you don’t have an automated solution that comprehensively assesses all of your accounts, like DQS, you don’t really know where you stand. For initial baseline results, we see clients have between 15-25% of accounts with at least one discrepancy. Complete the self-audit now.
