Duplicate Applicant Risk Indicator from Equifax Offers Expanded Insights to State Agencies Making Social Service Benefit Determinations

Rhea-AI Summary

Equifax (NYSE: EFX) has launched the Duplicate Applicant Risk Indicator, a tool designed to help government agencies efficiently process social service benefit applications. This new module, part of the Instant Client Insights™ for Eligibility platform, assists in identifying potential dual enrollments by flagging applicants who may be applying for benefits across state lines. With access to over 111 million records, the tool enhances caseworkers' capabilities in managing eligibility and mitigating risks associated with application processing.

Positive

• Launch of the Duplicate Applicant Risk Indicator enhances efficiency in processing social service benefits.
• Access to more than 111 million records improves applicant verification and eligibility assessment.
• Tools designed to streamline decision-making for government agencies can lead to faster benefit distribution.

Negative

• None.

ATLANTA, Nov. 24, 2020 /PRNewswire/ -- Equifax (NYSE: EFX) continues to develop real-time data and insight tools to help government agencies more efficiently and confidently process the rising number of social service benefit applications.  Designed to give benefit administrators an additional indicator of potential dual enrollment, the addition of the exclusive Duplicate Applicant Risk Indicator module can quickly help flag individuals that may be applying for benefits across state or county lines, helping to determine eligibility and manage risk such as the potential of dual benefit participation.

The Duplicate Applicant Risk Indicator is delivered through Instant Client Insights™ for Eligibility (ICI), a scalable and configurable technology platform delivering relevant, real-time data driven products and solutions to support faster and more accurate social service benefit decisions. The module also may be activated within the UI Eligibility suite of services released earlier this year and designed to provide more visibility into Unemployment Insurance (UI) claim eligibility.  The Duplicate Applicant Risk Indicator is powered by the The Work Number^Ⓡ database, the industry-leading, centralized commercial repository of income and employment information in the U.S.

"System integration of data and tools at the point of application can facilitate both validation of applicant provided information, but also catch anomalies," commented Mike Bromley, SVP of Government Services at Equifax. "With more than 111 million active records, the unmatched depth of The Work Number means Duplicate Applicant Risk Indicator can quickly flag applicants that may have applied for benefits in another state or county helping caseworkers mitigate blind spots in application processing."

The products and data sets offered through the Equifax Government Services division are designed to help provide more visibility into applicant eligibility, streamline the benefit decision process. With additional fraud and instant verification solutions in place, benefit decisions for those who qualify can be made more quickly and efficiently.

ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employees, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 11,000 employees worldwide, Equifax operates or has investments in 25 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com

For more information
mediarelations@equifax.com

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SOURCE Equifax Inc.

FAQ

What is the Duplicate Applicant Risk Indicator from Equifax?

The Duplicate Applicant Risk Indicator is a tool designed by Equifax to help government agencies identify potential dual enrollments in social service benefit applications.

How does the Duplicate Applicant Risk Indicator work?

The tool flags individuals who may be applying for benefits across state lines, helping agencies assess eligibility and manage risks.

What platform delivers the Duplicate Applicant Risk Indicator?

The Duplicate Applicant Risk Indicator is delivered through the Instant Client Insights™ for Eligibility platform.

How many records does the Duplicate Applicant Risk Indicator utilize?

The tool utilizes over 111 million active records to enhance verification processes for benefit applications.

When was the Duplicate Applicant Risk Indicator launched?

The Duplicate Applicant Risk Indicator was announced on November 24, 2020.