Reaching the right potential customers is crucial for success, especially with over 50 million adult citizens in South Africa. Experian’s Financial Affluence Segmentation (FAS) helps businesses speak directly to their target audience. This innovative tool segments consumers (thin and thick credit profiles) by leveraging quality data and advanced analytics, enabling more precise targeting and better consumer engagement.
Businesses aiming to identify and understand potential customers, tailor their products and services, and optimise engagement strategies, particularly in sectors like finance, retail, insurance and telecommunications.
FAS uses non-parametric methodologies to segment South African consumers into six macro-segments or groups, further divided into 30 sub-segments or types. These segments are based on individual characteristics, helping businesses understand and reach their ideal audience more precisely. Consumer segments are matched at the South African ID number level, enabling the creation of a data-informed business strategy and the practical execution of this strategy.
FAS can be delivered in batch format (typically for leads enrichment or account management purposes) or via API (typically as part of client vetting or production propositioning).
Providing consumer insights into your customer base and turning complex data into actionable information. This digital platform allows you to navigate and interrogate the consumer landscape in an easy-to-use environment.
Going beyond segmentation, enabling targeted marketing to consumers across South Africa. This interactive digital platform provides views of over-/under representation of specific consumer segments at a suburb level.
This tool lets our clients compare several selected store locations (existing and planned sites) in a simple spreadsheet format, incorporating client-specific and Experian-sourced information.
For a simplified approach to geo-spatial analysis, this delivery entails a relational database profiling South African suburbs according to the consumers residing within these suburbs.
The FAS Persona solution puts alternative data into action and offers a deeper understanding of the South African consumer landscape. It enables you to develop a personalised, customer-centric approach to market strategies and operational planning. Shopping basket and bank transaction-level data are used to enrich consumer segment profiles even further.