EXPERIAN PLC S/ADR - EXPGY STOCK NEWS

The Singleton Foundation for Financial Literacy and Million Stories launched 'The Finance Couch', a series addressing financial concerns of college students, sponsored by Experian. Debuting on June 11, 2024, the show discusses money topics in a relatable manner, hosted by Ross Mac and Andini Makosinski, with content by Peyton B. Walker. This initiative aligns with Experian's United for Financial Health program, aiming to empower young consumers through financial education.

Experian has been recognized as a top player in the fintech industry for the fourth consecutive year by the Center for Financial Professionals in its Fintech Leaders Report. This report highlights Experian's leadership in fraud prevention, advanced analytics, customer experience, and credit decisioning. The company remains in the top 15 Overall Ecosystem Rankings for the second consecutive year, indicating its strong position within the fintech landscape. The report reflects insights from over 2,200 industry professionals, emphasizing the ongoing need for innovation in cybersecurity and fraud prevention, which are critical priorities for the financial sector.

Experian has partnered with finance expert Andrea Woroch to help consumers save money amid rising expenses. A recent survey revealed that 66% of Americans are looking for ways to cut costs, with 56% of respondents having already eliminated unnecessary expenses in the last three months. Experian offers resources like CreditWorks™ to assist consumers in comparing auto insurance, finding suitable credit cards, and negotiating lower monthly bills, which can save consumers more than $900 annually on auto insurance and an average of $263 on bills. Additionally, Woroch will participate in a Twitter #CreditChat on April 19 to share money management tips. For further savings insights, consumers can visit Experian's dedicated savings page.

Experian and HomeFree-USA awarded a $40,000 scholarship to a team from Alabama State University for their innovative credit education program during the inaugural #IYKYK Hackathon. The winning team, nicknamed the ASU Credit Stingers, developed a gamified app called Credit Rush aimed at teaching users about credit and fiscal responsibility. This event was the culmination of a six-month Center for Financial Advancement Credit Academy program that involved over 250 students from 14 Historically Black Colleges and Universities. The hackathon showcased the commitment of these students to create solutions that drive positive change in their communities.

Amazon Web Services (AWS), a subsidiary of Amazon.com (NASDAQ: AMZN), has been selected by Experian (LON: EXPN) as its preferred cloud provider for a multiyear IT modernization initiative. This partnership involves migrating Experian's core business operations and services to AWS, enhancing IT security, reducing costs, and speeding up the time to market for new products. Joe Manna, Global Technology President at Experian, emphasized the aim to simplify and enhance financial services using AWS's advanced capabilities for data-driven decision-making. The collaboration aims to improve consumer financial health and service offerings by leveraging AWS's secure infrastructure and machine learning tools.

Experian has announced a partnership with The Access Group to enhance access to financial products for UK employees through digital payroll information sharing. This initiative utilizes Experian's Work Report™, allowing employees paid via Access Group’s payroll software to consent to digital sharing of their payroll data, thus expediting employment and income verification.

Covering 77% of UK employees, this solution aims to streamline the lending process for mortgages and other financial services. It reduces administrative burdens on HR while minimizing environmental impacts by decreasing reliance on paper payslips.

Experian has announced the return of Credit Awareness Week, now in its seventh year, aimed at enhancing understanding of credit among consumers. Since its inception in 2017, the initiative has reached millions in the UK.

This year's campaign features new educational content and partnerships with TikTok influencers, targeting nearly 400,000 consumers during a time of financial strain due to rising living costs. Experian's analysis reveals a 10% decline in household discretionary spending and shows that 61% of consumers feel the cost-of-living crisis has negatively impacted their finances. The company remains dedicated to financial education to help improve financial health.