Digital Matrix Systems, Inc. announced that it has expanded its relationship with Atlanta-based Equifax to provide DMS clients with access to a new consumer risk score - FICO Score XD, which was developed by FICO in partnership with Equifax and LexisNexis. In addition, DMS’s expanded relationship with Equifax now allows DMS to deliver different Equifax products and services through the streamlined TotalView from Equifax delivery channel.

The strongest risk management strategies in use at leading financial services, auto finance, and insurance companies employ not only traditional credit data, but a balance of alternative data as well. The additional delivery channel will provide a wide range of insights that lead to better-informed decisions:

• TotalView from Equifax is a streamlined, cost-effective way to access a broader range of Equifax data sources, providing both credit and alternate data through a single access point. Data available includes fraud detection, property data and analytics, income and employment verification, and enhanced credit information.

• FICO Score XD helps bank card lenders score additional creditworthy consumers that would otherwise be unscoreable through the use of data that resides outside traditional credit files, including public records as well as a consumer’s history of phone, cable, and utility payments.

Access to FICO Score XD and TotalView will be available through Data Access Point by DMS, a cutting-edge connectivity hub that offers clients flexibility when using both traditional and alternative data sources.

“The DMS platform is ideally suited to deliver our risk assessment solutions,” said Gaurav Khanna, General Manager of Connector and Channel Partnerships for Equifax. “Being able to deliver both traditional and alternative data helps to both strengthen underwriting decisions and deepen the credit eligibility pool.”

“We are pleased to continue to work with Equifax in support of our clients’ expanding data needs,” said David Graves, DMS executive vice president. “There is a growing need for additional data sources, especially quantifiable and actionable data on underbanked consumers.”