PLANO, Texas -

On Tuesday, Digital Matrix Systems and New Orleans-based Crescent Bank highlighted how they’re now working together.

The risk management solution provider announced that Crescent Bank has selected the company’s trended attributes in support of a new and sophisticated modeling approach. 

The bank has been providing auto financing and other banking services to consumers across 32 states since 1991.

Digital Matrix Systems explained that the ability to predict consumer behavior at each stage of the customer lifecycle impacts both the management of risk as well as revenue potential.  The company noted that a “trended” view of the customer leverages credit data at specified points of time, including credit utilization, past balances, and payment history. 

Rather than relying on a credit snapshot from a single point in time, Digital Matrix Systems said trended data points can reveal consumer behavior over extended periods of time and empower better lending decisions.

Does the applicant have the financial discipline to make loan payments as agreed and on time? Digital Matrix Systems pointed out that trended attributes are normalized and can provide insight to that question and others by delivering a history of tradeline balance information.

According to a news release, Crescent Bank will leverage the DMS Summary Attributes in its models to include leveraging trended data.  This set of standardized and normalized attributes consolidates credit information for easier analysis by application and decisioning platforms and provides consistency over multiple bureaus and bureau versions. 

Executives said that using the trended attributes from DMS will help Crescent Bank maximize insight into consumer behavior in support of effective auto financing decisions.

“Digital Matrix Systems will be a great partner to us as we continue to evolve our modeling approach,” Crescent Bank chief risk officer Benjamin Vega said in the news release. “The DMS trended attributes will provide us with a much clearer view into consumer behavior, which in turn will help us support more customers with their vehicle purchases.”

Digital Matrix Systems vice president of business development Carson York added, “We are thrilled to work with Crescent Bank. We support all of our clients with a similar goal in mind: to help them get the most from their data through analytics that mitigate risk while increasing profitability. 

“The DMS Summary Attributes are tri-bureau, which gives Crescent Bank a strong strategic foundation for the future. Our team looks forward to a long and meaningful partnership,” York went on to say.