Experian has announced the availability of the Attribute Toolbox, a data intelligence application that puts data access and attribute management capabilities directly into the hands of clients. Experian's Attribute Toolbox allows institutions not only to connect to multiple data sources, but also to build, fine tune and manage the attributes that are required to make informed decisions throughout the customer life cycle.

"The ability to effectively harness data available for decisioning is the core advantage of the Attribute Toolbox," said Gary Kearns, president, Experian's Decision Analytics. "The Attribute Toolbox enables clients to access information from a multitude of data sources and use this information to create predictive assessments of individual credit worthiness across the enterprise."

Attributes are the variables that summarise raw data for use in developing and executing scorecards. They can be customized to reflect specific customer behaviours that drive better business decisions.

As per the official release, Attribute Toolbox provides a service-based, platform-independent application that makes it easy to integrate with existing systems and allows a client to manage attributes with common tools across the enterprise. It also provides access to Experian's library of more than 400 standard aggregated STAGG attributes.

More than a toolkit, Attribute Toolbox offers clients pre-developed interfaces to credit and non-credit data sources. Attribute Toolbox can be hosted by Experian or installed within a client's own environment. It is sold as a standalone product or can be combined with Experian's analytical and decisioning products such as the Strategy Management business rules engine or Transact SM application processing software.