Vendor Integration Services: The More the Merrier
For financial institutions (FIs), consumer data from outside vendors is vital during the decisioning, origination, and fraud prevention processes. Oftentimes, FIs are restricted to what vendors can be used and what data can be collected. This is the result of a number of factors including systems that only support certain data formats and vendors that require data exclusivity. With modern systems and data collectors however, institutions have the advantage of using vendor integration services (VIS). Modern VIS systems give FIs the ability to employ data from multiple vendors regardless of format.
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Tags: Advantage, Data Collectors, Data Exclusivity, Data Formats, Financial Institutions, Fis, Format Tags, Fraud Prevention, Gossip, Integration Services, internet marketing, Vacation Rentals