The Only End-To-End Accuracy Solution
for Credit Reporting & Disputes
The Data Quality Scanner is an automated, cloud-based tool that assesses Metro 2® data quality, ensuring accuracy in credit reporting and dispute resolution for financial institutions with minimal IT involvement.
Auriemma’s Credit Bureau Roundtable is an exclusive member-only event from leading lenders who are responsible for credit bureau reporting and dispute resolution. The Roundtable Group meets quarterly to discuss challenges associated with reporting and dispute handling, including compliance with regulatory and Metro 2® standards and procedural inconsistencies across credit bureaus.
MITIgate your regulatory risks and reduce costs
Our presentation, titled FCRA Compliance: Data-Driven Insights on the Impacts of Furnishing Data Quality on Disputes, highlighted the following key insights:
- The quality of data being furnished to the credit bureaus continues to receive intense regulatory scrutiny
- Data furnishing quality is an industry-wide issue, but it can be addressed
- No single party will always be in the best position to address data quality, so we all need to work together
- Quality furnishing reduces disputes, and dispute rates are up to 10x higher for accounts with dispute-correlated data quality issues
Related Resources
Equifax and Bridgeforce Data Solutions Underscore Shared Commitment to Data Accuracy with New Partnership
ATLANTA, March 7, 2022 /PRNewswire/ — Equifax® (NYSE: EFX) and financial technology firm Bridgeforce Data Solutions today announced a new partnership reinforcing their shared commitment to the data furnisher community
Credit Reporting & FCRA Compliance Experts Reveal Their List of Top Self-Audit Questions
Are you looking for a way to significantly reduce the risk of credit reporting accuracy issues that could lead to costly disputes, complaints, or regulatory
Large U.S. Bank Achieves 30%+ Reduction in Average Quarterly Dispute Rate After Using Data Quality Scanner®
As the regulatory focus on credit reporting compliance continues to increase, lenders need to do more to mitigate both the risk of compliance issues and
Want to review the more detailed research findings that we shared with the Roundtable Participants? Book a call with our team today.
TRUSTED BY INDUSTRY LEADING DELIVERY PARTNERS
HEAR FROM OUR CUSTOMERS & PARTNERS
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 Data Solutions 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.
Robert Eison, Chief Operating Officer for Equifax United States Information Solutions (USIS)
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.
Ben Schreiner, Head of Business Innovation, US SMB for AWS
Within the first year, the Data Quality Scanner helped us improve our credit reporting accuracy — a 70% reduction in discrepancies. It directly contributed to the effective rating on our FCRA audit.
Senior Executive, Top Bank
Our organization has been using the Data Quality Scanner for some time now, and I cannot recommend it enough. Using the Data Quality Scanner continuously and working with the Bridgeforce Data Solutions’ team of experts helps me sleep at night.
Senior Leader, Top 10 Credit Union
We could not believe how easy it was to get started using the Data Quality Scanner. With other vendors, we’re used to drawn out projects with many hurdles and unexpected challenges. That has not been the case here, thank you so much!
Senior Executive, Top 20 Credit Union
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.
