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Heading into the holiday season, we'll see if consumers continue to spend at high levels, or if higher prices, higher interest rates and lower savings create a drag on sales.
Mark your calendars! Experian and Oxford Economics will present key findings in the latest Main Street Report for Q3 2022 during the Quarterly Business Credit Review. Ryan Sweet, Oxford’s U.S. Chief Economist will share his take on Experian’s most recent small business credit data and a macroeconomic outlook for the coming quarter. Brodie Oldham, Experian’s V.P. of Commercial Data Science, will cover commercial credit trends. Our Presenters Brodie Oldham, V.P. Commercial Data ScienceExperian Ryan Sweet, U.S. Chief EconomistOxford Economics Q3 2022 Main Street Report The Q3 2022 Experian/Oxford Economics Main Street report will release at the end of November. If you are not already subscribed to thought leadership updates, be sure to sign up for updates on our Commercial Insights Hub. Event Details Date: Tuesday, December 6th, 2022Time: 10:00 a.m. (Pacific), 1:00 p.m. (Eastern) Why you should attend: Leading Experts on Commercial and Macro-Economic TrendsCredit insights and trends on 30+ Million active businessesAsk our panel questions in real-timeIndustry Hot Topics Covered (Inclusive of Business Owner and Small Business Data)Commercial Insights you cannot get anywhere elsePeer Insights with Interactive Polls (Participate)Discover and understand small business trends to make informed decisionsActionable takeaways based on recent credit performance Save My Seat
The Pandemic drove a tidal wave of small business creation, with over 5.4 million new small businesses in 2021 alone, and millions more this year. Now, the U.S. economy is continuing to change, but becoming more uncertain amid rising interest rates and worries over inflation. With the cost of money rising for small businesses, many are turning to different credit offerings to keep the cash flowing. Application fraud on the rise Some borrowers don’t always have good intentions, and credit issuers struggle to control fraud rates. If you manage risk for a financial institution, trade credit issuer or just want to understand the persistent wave of fraudulent small business applications you should attend our upcoming webinar. Attend our webinar A Perfect Storm for Business Credit RiskDate: Tuesday, November 29th, 2022Time: 10 a.m. Pacific | 1p.m. Eastern. In this talk, Experian's Fraud Products lead, Li Mao, is joined by Sr. Analytical Consultant Emily Garrett and Brian Stack, Experian's V.P. of Engineering Services, to discuss the fraud problem and what to do about it. Li Mao, Sr. Product Manager, Experian Fraud Solutions Emily Garrett, Sr. Analytical Consultant Manager, Experian Brian Stack, V.P. Engineering Services, Experian We'll cover: New business formation, how to assess younger businessesEconomic pressures on B2B's that you are not yet reading aboutStatistics on the gathering fraud storm3 tips for smooth sailing in your credit operations Register to attend
Experian is excited to attend National Equipment Financing Association's 2022 Funding Symposium at the OMNI Nashville, Wednesday, November 2nd through Thursday, November 4th. Dennis Jordahl will be on hand in booth #41 to chat and answer questions about the solutions Experian has to help you grow your business profitably! See you in Nashville! Dennis Jordahl, Account Executive
We are pleased to announce the publication of our Fall 2022 Beyond the Trends report. The Sales are coming!! Small businesses have been building inventory over the last year driven by fears that the global supply chain could break down at any moment. This anxiety created an environment of pre-ordering behavior intended to elevate the worry felt during the height of the pandemic that their business would fail not due to a lack of shoppers, but an empty shelf. Global economic environments change quickly, and our world is seeing heightened inflation. This increase in the price of goods and services is leading to softened consumer demand. Will holiday sales keep small business afloat before consumer behavior changes. Tough challenges for newer businesses and lenders Forty percent of small business have been operating for less than 1 year. These new businesses will be challenged by a tightening credit market, rising costs, and softening consumer demand. Commercial lenders are originating 13% less high risk subprime accounts since the 2021 even as through the door high risk inquiries have increased by 59%. Average credit lines on new commercial originations dropped 3% since the beginning of the pandemic as lenders look for growth while limiting exposure. In Q22022 those lines rose 1.4% as 40% less small businesses were accessing commercial credit. Download Fall 2022 Beyond the Trends Report
The team from Experian is very excited to be attending the TRMA 2022 Fall Conference in Louisville, Kentucky October 18-20th. As a Gold Sponsor, we can't wait to meet with you in person to hear your challenges, your goals and to share some of the things we have been working on. Please reach out and connect with us on LinkedIn to get a conversation started. Beth Bayer Neal Rogers Meg Wilson Mathew Robey James Brezack Don't miss Neal Rogers breakout session on Oct 20th at 10:45: Data-driven strategies to deliver consistent growth and maintain positive customer experiences As telco companies face an increasingly competitive environment, they are looking for ways to drive continuous growth. With industry-wide efforts to capture market share, telco providers are looking to enhance personalized targeting while mitigating risk and fraudulent activities while continuing to focus on serving underserved communities. In this session, we will explore how to acquire and approve more consumers with better data, less friction, fewer deposits, fewer vendors, and potentially less cost.Learning Objectives: Learn about enhanced, unrivaled data to bolster growth while mitigating risk and spearheading DEI.A case study illustrating the effectiveness of Experian’s composite risk model in helping to decrease deposits and increase approval time. It promises to be a great session, see you all in Louisville, KY!
Join Experian at #ITC2022 to learn to understand the mindset of the industry and learn about where the market is heading.
Experian and Oxford Economics have just released the Q2 Main Street Report. it offers a unique view of credit performance on millions of small businesses.
