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Experian National Employer Database (NED) (UK)

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The National Employer Database (NED) by Experian is a comprehensive, structured, and searchable database encompassing over 4.7 million UK employers, effectively covering 99% of UK employees. This extensive repository is designed to enhance the accuracy and efficiency of capturing employer information during customer onboarding processes, thereby facilitating real-time employment verification and risk assessment. Key Features and Functionality: - Employer Search Engine: NED functions similarly to a postcode lookup, allowing users to swiftly and accurately search for their employer's name in a structured format. This approach minimizes typing errors and reduces keystrokes by 43% during the onboarding journey. - Validated Insights: The database provides immediate access to additional insights, such as Standard Industry Classifications (SIC), which are automatically populated to expedite the user journey and enhance data accuracy. - Real-Time Fuzzy Matching: NED offers real-time suggestions even when users make spelling errors, swap letters, or add extra spaces, ensuring a seamless and error-free data entry experience. - Easy Integration: The database can be effortlessly integrated into application processes via Experian's Employer Search API, streamlining the incorporation of employer data into existing systems. Primary Value and Solutions Provided: NED addresses the critical need for accurate employer information collection, which is essential for real-time credit decisions and risk assessments. By reducing application friction and keystrokes, it enhances the customer onboarding experience. The inclusion of SIC codes and other metadata improves data quality, leading to more informed decision-making. Additionally, the database's real-time fuzzy matching capabilities and easy integration options contribute to operational efficiency and data accuracy, ultimately supporting businesses in making better-informed decisions and improving customer satisfaction.

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