Welcome to our dedicated page for Equifax news (Ticker: EFX), a resource for investors and traders seeking the latest updates and insights on Equifax stock.
Equifax Inc. (NYSE: EFX) is a global data, analytics, and technology company whose news flow reflects its role in credit reporting, workforce solutions, and compliance services. As one of the major U.S. credit bureaus, Equifax regularly releases updates that matter to lenders, employers, and policymakers, as well as to investors following the EFX stock.
News about Equifax often highlights new data and analytics products, such as tools that use the Equifax Cloud™ and EFX.AI™ capabilities for risk assessment, fraud prevention, and personalized credit score planning. Recent announcements include the launch of Income Qualify, which delivers income and employment insights from The Work Number® to mortgage lenders earlier in the lending process, and the introduction of Optimal Path™, an interactive score planner integrated into platforms like Kikoff.
Equifax also issues releases on workforce and employer services, including unemployment claims solutions like the Unemployment Claims Power of Attorney Manager and verification enhancements driven by acquisitions such as Vault Verify. Regulatory and risk-related news includes new Anti-Money Laundering (AML) Compliance Solutions that use AI to screen and monitor customers against sanctions and high-risk lists.
Investors tracking EFX can find announcements on quarterly dividends, participation in investor conferences, and periodic Market Pulse reports that summarize U.S. consumer credit trends using Equifax data. This news page aggregates these product launches, market insights, capital markets events, and corporate updates in one place, providing a focused view of how Equifax’s data, analytics, and cloud technology are being applied across credit, employment, and compliance use cases.
Equifax (NYSE: EFX) is now offering its differentiated data assets through AWS Data Exchange, enhancing access to consumer and loan-level credit data. This initiative is part of Equifax's Cloud strategy, facilitating improved decision intelligence for business customers. The datasets include U.S. Consumer Credit Trends and B2bConnect commercial marketing data, among others. Equifax has invested $1.5 billion in its infrastructure to support these data offerings. The integration underscores Equifax's commitment to data security, compliance, and enhancing customer growth.
Equifax has signed a definitive agreement to acquire Appriss Insights for $1.825 billion, bringing significant data assets to enhance its Workforce Solutions verification capabilities. The acquisition is expected to generate about $150 million in revenue for Appriss Insights in 2021, marking a 30% increase from the previous year. Additionally, Equifax will benefit from a $360 million tax benefit at the time of purchase. This strategic move targets expanding into the $5 billion U.S. talent acquisition and $2 billion U.S. government social services markets, enabling better risk management and fraud prevention.
Equifax (EFX) has signed a definitive agreement to acquire Health e(fx), a provider of Affordable Care Act (ACA) services. The acquisition aims to enhance Equifax's Workforce Solutions by integrating Health e(fx)'s technology platform, which supports ACA compliance and workforce analytics. This strategic move is expected to strengthen Equifax's offerings and improve employer services. The transaction, advised by Hennepin Partners, is subject to customary closing conditions and is anticipated to finalize in Q3 2021.
Equifax (NYSE: EFX) announced the acquisition of Teletrack® from CoreLogic, a leader in alternative credit data. This deal significantly enhances Equifax's DataX business, creating a premier specialty consumer reporting agency with data on over 80 million thin-file and underbanked consumers. The integration aims to provide lenders with broader access to alternative data, thereby opening new financial opportunities for consumers. The transaction is expected to close in the second half of 2021, pending regulatory approval.
Equifax reported record revenue of $1.23 billion for Q2 2021, marking a 26% increase year-over-year. This is the sixth consecutive quarter of double-digit growth, with a net income of $215.1 million, up 115%. Key growth segments include Workforce Solutions, up 40%, and International, up 39%. The company raised its full-year revenue guidance to a range of $4.76 to $4.80 billion. Adjusted EPS increased 21% year-over-year, reaching $1.98.
Equifax (NYSE: EFX) will release its financial results for the second quarter of 2021 on July 21, after market close. A conference call will be held on July 22 at 8:30 am ET, where management will discuss the results. Investors can access presentation materials on investor.equifax.com. An audio replay will be available from July 23. Equifax, based in Atlanta, supports decision-making through its data analytics and technology services across 24 countries.
Equifax (NYSE: EFX) has launched the Insight Score for Credit Cards, enabling credit card issuers to expand access to credit by incorporating alternative data from over 430 million utility and telecom accounts. This new scoring method can potentially elevate 5.5 million U.S. consumers from unscorable to prime credit offers, enhancing financial inclusion. Additionally, it allows lenders to approve 5% to 7% more applicants, mitigating risk with Equifax's NeuroDecision Technology. This initiative comes at a critical time when many Americans are seeking credit.
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.
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Equifax (NYSE: EFX) is set to host a special edition of its Market Pulse webinar titled "Accelerating Access to Credit" on June 24, 2021. The discussion, moderated by Sid Singh, President of USIS, will feature insights from Christopher Wheat of JPMorgan Chase Institute and Kahlil Byrd of Invest America. The webinar will address the challenges faced by 26 million "credit invisible" Americans and explore the role of alternative data in financial inclusion. This initiative aims to foster a more inclusive financial system and support underserved communities.
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