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.
Kount, an Equifax company, has announced a collaboration with Ethoca, a Mastercard company, to enhance its Dispute and Chargeback Management Solution. This new offering integrates Ethoca Alerts and Consumer Clarity™, aiming to improve fraud prevention and streamline dispute resolution for merchants. Key benefits include reducing chargebacks through real-time alerts, enhancing customer experience with detailed purchase information, and enabling businesses to resolve disputes before they escalate. The solution is available now for merchants looking to enhance their fraud management capabilities.
Equifax Inc. (NYSE: EFX) announced a quarterly dividend of $0.39 per share, payable on June 15, 2021. Shareholders of record as of May 25, 2021 will receive the payment. This marks over 100 consecutive years of cash dividends from Equifax, reflecting the company's commitment to returning value to its shareholders. Headquartered in Atlanta, Equifax operates globally, supporting critical decision-making through its data analytics and technology services.
Equifax has released its inaugural 2020 Security Annual Report, highlighting a three-year transformation in cloud technology and security following a significant breach in 2017. The company invested $1.5 billion, marking its largest investment to enhance security. CEO Mark W. Begor emphasized that this security-first approach is central to Equifax's record business performance. The report shows Equifax exceeds financial services security maturity benchmarks, and aims to serve as a guide for other organizations to strengthen their cybersecurity practices.
Equifax (NYSE: EFX) has partnered with fintech company Revolut to enhance customer services in the U.S. This collaboration allows Revolut to leverage Equifax's cloud-native data and real-time predictive analytics, facilitating better customer insights. Revolut aims to offer a broader range of products through this partnership, as stated by CEO Ronald Oliveira. Equifax emphasizes its role in providing data-driven solutions to accelerate fintech innovations.
Equifax (NYSE: EFX) launched InnovationX, an immersive experience designed to facilitate fintech innovation. This initiative allows organizations to quickly validate financial services ideas using real-time data, advanced analytics, and techniques such as Explainable AI. Led by Peter Maynard, the new Senior VP of Data and Analytics, InnovationX aims to enhance customer experiences in a competitive market. Participants can access unique data assets, customize modeling options, and improve fraud prevention while fostering personalized services.
Equifax (NYSE: EFX) reported record financial results for Q1 2021, achieving revenue of $1.2 billion, up 27% year-over-year. This marks the fifth consecutive quarter of double-digit revenue growth. Workforce Solutions and USIS revenue surged by 59% and 19%, respectively. The company's net income rose by 72% to $201.6 million, and diluted EPS increased to $1.64. Equifax completed five acquisitions aimed at enhancing its data capabilities and raised its full-year revenue guidance to between $4.575 billion and $4.675 billion.
Equifax (NYSE: EFX) will announce its Q1 financial results on April 21, 2021, after market close. A conference call to discuss results is set for 8:30 am ET on April 22. Senior management will provide insights related to the financial performance during the quarter. Interested parties can access related materials on investor.equifax.com by 6:30 am ET on April 22. Equifax is a global data and analytics company with a presence in 24 countries and over 11,000 employees.
Equifax (NYSE: EFX) has launched a new solution called Payment Insights, developed in partnership with Urjanet. This cloud-based tool enhances financial inclusion by allowing consumers to share their utility and telecom payment histories with lenders, irrespective of their traditional credit scores. Notably, 63 million American adults are either unbanked or underbanked, often relying on expensive alternative financial services. Payment Insights aims to empower these consumers, providing lenders with critical insights into their financial history, thus increasing access to mainstream financial services.
Equifax (NYSE: EFX) has completed the acquisition of i2verify, enhancing its automated verification solutions. This move targets improved efficiencies for consumers and verifiers, particularly in the employment and wage data sector. i2verify, established in 2011, is recognized for its instant access to employment data and complements Equifax's existing services under The Work Number®. The acquisition aligns with Equifax's strategy to innovate through differentiated data and cloud technology to drive growth in consumer access to credit and financial services.
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