EXPERIAN PLC S/ADR - EXPGY STOCK NEWS

S&P Dow Jones Indices and Experian report that the S&P/Experian Consumer Credit Default Indices indicate an uptick in consumer credit defaults as of December 2021. The composite default rate rose three basis points to 0.40%, with notable increases in various loan types. The bank card default rate rose to 1.95%, auto loan defaults increased to 0.49%, and first mortgage defaults reached 0.28%. Miami saw the most significant rise among major metropolitan areas, increasing by 24 basis points to 0.97%.

New research from Experian and Oliver Wyman reveals that nearly 106 million U.S. consumers struggle to secure credit at mainstream rates due to being credit invisible, unscoreable, or holding subprime scores. By employing advanced analytics and expanded data sets like rental and utility payments, lenders can potentially score 96% of applicants, including a significant number of previously unscoreable individuals. Currently, 42% of the adult population lacks a conventional credit score to access affordable credit, highlighting the need for enhanced financial inclusion.

The S&P/Experian Consumer Credit Default Indices for November 2021 show a slight decline in the composite default rate to 0.37%, down from 0.38% in October. The bank card default rate decreased to 1.94%, a drop of seven basis points, while auto loans rose to 0.44%. Notably, New York reported the largest decline in defaults among major metropolitan areas, falling to 0.30%. Dallas also experienced a reduction, while Los Angeles saw a rise in defaults. The indices provide insight into the consumer credit landscape across various loan categories.

Experian North America has been named Most Innovative Company of the Year in the 2021 Best in Biz Awards, becoming a Gold Winner in the large company category. The award recognizes Experian's commitment to innovation, with over 700 companies participating. CEO Craig Boundy highlighted the company's efforts to address challenges during COVID, including financial inclusion and fraud prevention. Experian has also received multiple accolades, positioning it among leaders in workplace culture and innovation.

Experian has been recognized as a global fintech leader in the Center for Financial Professionals (CeFPro) Fintech Leaders 2022 report. The company ranked among the top in Credit Risk and Fraud Prevention, improving to the top 15 Overall Ecosystem Rankings, climbing five places since 2021. This acknowledgment emphasizes Experian's commitment to enhancing fraud and identity management services amidst increasing digital channels and credit risk mitigation strategies. The report is based on nearly 2,000 online surveys from industry experts.

Conviva has partnered with Experian to enhance audience segmentation data for streaming publishers. This collaboration combines Conviva's first-party streaming data with Experian's demographic insights, enabling advertisers to access detailed audience attributes, including content preferences and viewer behavior. The integration utilizes Conviva’s Stream ID™ technology, which links devices to households while maintaining data privacy. This initiative aims to improve measurement effectiveness for connected TV campaigns and increase engagement and acquisition strategies for marketers.

Experian's Q3 2021 report highlights significant trends in the automotive finance market amidst ongoing inventory shortages. The average new vehicle loan amount rose by 8.5% to $37,280, while used vehicle loans surged over 20% to $25,909. Monthly payments also increased, reaching $609 for new cars. Despite affordability concerns, delinquency rates remain low, with 30-day delinquencies at 1.66% and 60-day at 0.55%, both below pre-pandemic levels. Interest rates also decreased, with new vehicle loans averaging 4.05%.