Experian’s PowerCurve platform was released in 2012 (I blogged about it here) and has been expanding and rolling out since then. It consists of a set of Data Management and Decision Management capabilities supporting a set of application across Originations, Customer Management and Debt Management. Fraud prevention and identity verification capabilities can be integrated with thePowerCurve platform Experian sells these solutions as well as the platform itself and components that can be used to develop custom solutions. All the solutions are available on-premise, as dedicated hosted solutions or in the cloud. PowerCurve now has over 60 customers worldwide, many with multiple projects, with a strong global pipeline.
Recent updates to the platform include:
- PowerCurve Originations was released in July 2013 and their early adopter client is live. They also have some strong wins and a good pipeline in what is traditionally a strong area for Experian. The common decision engine, design studio and workflow across the products have been central to customers adopting the solution.
- The PowerCurve Customer Management platform was extended last year with a collections strategy offering focused on delivering a fully packaged, hosted offering for customer-level collections decisioning.
- Experian acquired Decisioning Solutions, a SaaS provider, back in 2013 and have been rolling this out worldwide. While it is a unique platform it increasingly uses the PowerCurve Connectivity and Enrichment data management capability to make Experian’s wide range of data sources available inside the offering.
- PowerCurve Strategy Management is the core development platform. Updates to this include improved performance (whether large scale batch, straight through processing or in support of a workflow), support for the latest version of PMML, and support for additional platforms (such as Linux and AIX versions).
Future plans include an increased focus on tailored offerings for specific verticals that provide standard libraries and templates while leveraging PowerCurve’s layered repository to allow local and client-specific customization as well as support for new data sources by linking PowerCurve to Experian Bureau data and Attribute Toolbox. There is also work ongoing to support Exposure Management (for the Basel Accord) and on linking this to individual customer decisioning. More work on integrating optimization and providing decisioning for the Tallyman case management environment can be expected.
Experian’s PowerCurve Strategy Management product is one of those covered in the Decision Management Systems Platform Technology Report.