COSTA MESA, Calif. (1/20/11)--MeridianLink and Experian have joined forces to create a solution to improve the delivery of online financial services while increasing reliability of new account and credit decisions. The new solution will help mitigate fraud and reduce back-end operational costs, said the companies. MeridianLink developed the industry's first multi-channel account opening and loan origination platform. Experian is a global information services company. "Banks and credit unions are looking for online account opening and lending solutions that are based on accurate data returns from a variety of real-time inquires like Experian's PreciseID provides," said Edward Guerin, vice president of business development at MeridianLink. "With Experian's support, our tightly integrated solution delivers that." The Experian function ensures that every new account or loan application meets clearly defined identity authentication, verification, Office of Foreign Assets Control screening and credit criteria in real time. MeridianLink's system enhances the convenience and delivery of lending and account opening, It can be set up to communicate with existing systems to offer integration of third-party products and consolidate applicant data from all existing channels--Web, branch, call center, indirect and kiosks.