Bankruptcy Navigator Index (BNI)

How It Works

BNI provides additional validation to the credit risk assessment process, by identifying a different pattern of behaviour, that of acute financial stress rather than chronic delinquency. Identifying high bankruptcy risk consumers who are in good standing with their accounts allows the risk manager to account for a different type of credit risk, and can optimize strategies to be profitable and successful.

Built exclusively by Equifax, BNI uses advanced, statistical processes based on Canadian data, including mortgage data, to predict the likelihood of consumer bankruptcy within the next 24 months. BNI returns a score from 1 to 999 for each consumer. The higher the score, the less likely the customer will experience a bankruptcy within two years compared to customers with lower BNI scores.

BNI provides insights that enable your business to assess and manage accounts and add insight to early stage collections. BNI can be used in the adjudication process to approve or decline applications; refine offers or use risk-based pricing; and identify cross-sell opportunities..  Account management initiatives that can benefit from BNI are managing credit limits; determining authorization decisions; implementing retention activities; identifying upsell opportunities. BNI can assist in early stage collection best practices by driving delinquency management prioritization based on lowest risk and highest probability of recovery or employing delinquent account base segmentation tactics.