Equifax Announces 2021 Developer Challenge and Accelerator Program: Equifax Accelerate

Rhea-AI Summary

Equifax (NYSE: EFX) is launching the Equifax Accelerate, a developer challenge and accelerator program, to enhance credit access using cloud technology. This initiative, part of a $1.5 billion cloud transformation, invites early-stage developers to create innovative solutions with Equifax APIs. Applications are open until July 29, 2021. The top 50 entries will participate in an August 2021 Design Sprint Challenge, with opportunities for mentorship and access to a custom Product Studio program. This program aims to drive financial inclusion through tech-driven solutions.

Positive

• Launch of Equifax Accelerate to foster innovation in credit access.
• Investment of $1.5 billion in cloud technology to enhance service offerings.
• Partnership with 1871 to support tech start-ups and provide extensive mentorship.

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• None.

ATLANTA, June 23, 2021 /PRNewswire/ -- Equifax (NYSE: EFX) believes that cloud computing technology is essential to expanding access to credit. As the only cloud-native consumer credit reporting agency, Equifax is leveraging the power of its $1.5 billion cloud transformation to introduce a 2021 developer challenge and accelerator program: Equifax Accelerate. Applications are open through July 29 to start-up and early stage software developers looking to create transformative solutions designed to foster financial inclusion with the powerful suite of Equifax Application Programming Interfaces (APIs) available from the Equifax for Developers API Portal.

"Equifax has led the exploration of new data insights to open access to credit for decades," said Bryson Koehler, Equifax Chief Technology Officer. "The Equifax Accelerate program is another way that we are leveraging the power of the Equifax Cloud™ to fuel rapid innovation. We are challenging software developers to join us in building data-driven solutions to the challenge of consumer access to credit and small business access to capital. We're making the Equifax for Developers API portal open for simplified access to data assets and API products so that developers can easily explore, access technical documentation, create apps, experiment, and innovate faster than ever before."

Equifax Accelerate is produced in partnership with 1871, a Chicago-based technology hub that supports early stage tech start-ups, growth stage tech leaders, and corporate innovators building extraordinary businesses. 1871 is the home of nearly 500 early-stage, high-growth digital startups and more than 1,500 members.

The top 50 Equifax Accelerate entries will be accepted to an August 2021 Design Sprint Challenge. All Design Sprint Challenge participants will receive access to Equifax APIs and mentorship from both Equifax and 1871 subject matter experts to assist in the creation of prototype solutions. They will also compete for a chance to access the 12-week Product Studio, a custom accelerator program powered by Equifax and 1871.

The Product Studio includes complimentary access to Equifax APIs and 1:1 mentorship from Equifax technical and commercial leaders to quickly implement and scale solutions for production. Product Studio participants will also receive unlimited access to all 1871 products and services, including dozens of workshops, 300+ mentors, and 400+ other tech founders from idea stage companies to series C+. Product Studio participants will also be promoted through Equifax marketing communications.

The Design Sprint Challenge will be judged by Equifax executive leadership and a panel of experts, including: Mike Newell, Senior Director of Software Engineering, Capital One; Jeff Sternberg, Technical Director, Office of the Chief Technology Officer, Google Cloud; and Fang Yu, Co-Founder and Chief Technology Officer, DataVisor.

The deadline to register for Equifax Accelerate is 11:59 p.m. Eastern Time on July 29, 2021. Guidelines for the event can be found at Equifax.com. To register, click here.

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, employers, 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 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com

FOR MORE INFORMATION
Kate Walker for Equifax USIS
mediainquiries@equifax.com

 

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SOURCE Equifax Inc.

FAQ

What is the Equifax Accelerate program?

The Equifax Accelerate program is a developer challenge and accelerator aimed at enhancing credit access through innovative solutions using Equifax APIs.

When is the deadline to apply for the Equifax Accelerate program?

Applications for the Equifax Accelerate program are open until July 29, 2021.

What are the benefits for participants in the Equifax Accelerate program?

Participants will receive mentorship, access to Equifax APIs, and a chance to enter the Product Studio for further development support.

Who can participate in the Equifax Accelerate program?

Start-up and early-stage software developers are invited to apply.

What is the significance of the $1.5 billion cloud transformation for Equifax?

The $1.5 billion investment in cloud technology is intended to enhance Equifax's service offerings and improve access to credit.