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) 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.
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.
Equifax (NYSE: EFX) has launched OneView™, a cloud-based report that integrates real-time income and employment data from The Work Number® database, enhancing decision intelligence for lenders. This tool aims to assist up to 7 million consumers with thin or no credit files in gaining better access to credit. The OneView report offers a consolidated view of credit insights and can increase approval rates by over 5% for certain credit portfolios. It allows businesses to customize reports for improved decision-making efficiency.
Equifax (NYSE: EFX) has promoted Lisa M. Nelson to President of Equifax International, effective immediately. Nelson, who has been with the company since 2011, previously served as Group Managing Director for Equifax Australia/New Zealand and has a record of driving growth and innovation. Under her leadership, she will oversee operations in 23 countries, focusing on leveraging cloud technology for growth and innovation. Melanie Cochrane will succeed her in Australia/New Zealand, bringing extensive experience from American Express.
Equifax (NYSE: EFX) announces its free virtual conference, Ignite LIVE 2021, scheduled for May 25, 2021, from 10am-2pm ET. The event will address digital convergence in the financial services sector, highlighting the need for businesses to adapt to evolving customer demands. Key topics include strategies for combating digital identity fraud, leveraging Explainable AI in credit expansion, and innovations through the InnovationX platform. Equifax aims to facilitate discussions on market challenges and foster financial inclusion through this conference.
Equifax Workforce Solutions is enhancing its manual verification services to improve turnaround times for income and employment verifications. New express options will complement existing services and leverage their cloud-native infrastructure. With over 25 years of experience, Equifax handles nearly 6,000 manual verification requests daily, aiming to provide comprehensive verification solutions. The Work Number database supports almost two-thirds of the U.S. non-farm payroll and collaborates with over one million employers, enhancing its verification capabilities.
Kount, a subsidiary of Equifax, has launched the Kount Dispute and Chargeback Management Solution, aimed at enhancing fraud prevention and reducing chargebacks for e-commerce businesses. This solution integrates with major card brand systems and uses AI to streamline dispute management in real time. It helps businesses save time and money by handling disputes promptly, improving customer experiences, and allowing for automatic refunds. The launch comes at a crucial time as digital transactions rise, increasing the risk of disputes and fraud.
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