Fast Company Names Experian Boost to its List of 2022 World Changing Ideas

Rhea-AI Summary

Experian Boost has positively impacted nearly 9 million consumers, enhancing their financial profiles by letting them include timely utility and telecom payments in their credit history. This innovative service was recognized in Fast Company’s 2022 World Changing Ideas Awards for its potential to bring about significant change in financial inclusion. Additionally, Experian aims to further assist underserved communities with initiatives like Experian Go, targeting 50 million individuals with limited credit histories. The company emphasizes its commitment to innovation and social good.

Positive

• Experian Boost recognized in Fast Company’s 2022 World Changing Ideas Awards.
• Nearly 9 million consumers have benefited from Experian Boost.
• Introduced Experian Go to assist 50 million people with limited credit histories.

Negative

• None.

Experian Boost Has Helped Nearly 9 Million Consumers Thrive Financially; Recognized as Having “the Potential to Affect True Systems Change”

COSTA MESA, Calif.--(BUSINESS WIRE)-- Highlighting Experian’s focus on innovation and financial inclusion, Experian Boost™, a first-of-its-kind service designed to help consumers improve their credit profile and thrive financially, was recognized in Fast Company’s 2022 World Changing Ideas Awards, which celebrates the “broadest ideas … that have the potential to affect true systems change.”

Fast Company has named Experian Boost to its list of 2022 World Changing Ideas. (Graphic: Business Wire)

“This prestigious award underscores the importance we place on innovation that transforms lives and creates a better tomorrow,” said Jeff Softley, President, Direct to Consumer at Experian. “By developing products and social innovations that tackle inequality and exclusion, we are making a difference in many lives and using our capabilities as a force for good.”

“We are consistently inspired by the creativity that people are applying to solve some of our society’s most pressing problems, Fast Company relishes its role in amplifying important, innovative work to address big challenges,” says David Lidsky, interim editor-in-chief of Fast Company. “Our journalists have identified some of the most ingenious initiatives, which we hope will both have a meaningful impact and lead others to join in being part of the solution.”

Nearly 9 million people have connected to Experian Boost to report their on-time utility, telecom and video streaming service payments. By giving consumers control over their credit, they can make real, substantial progress in their financial health journey by getting “credit” for paying bills on time. The service tackles inequity and exclusion from the credit economy, enabling consumers to add positive payment history directly into their Experian credit file and potentially boost their credit score instantly.

Over the past year, Experian continued to focus on expanding credit to underserved communities. Most recently, the company introduced Experian Go™, a brand-new program that can potentially help the nearly 50 million people in the United States who have a nonexistent or limited credit history.

This recognition from Fast Company also reflects Experian’s purpose and innovative culture, focused on creating products and solutions that help consumers thrive, including Experian Boost in the UK and Serasa’s Score Turbo in Brazil.

World Changing Ideas is one of Fast Company’s major annual awards programs and is focused on social good, seeking to elevate finished products and brave concepts that make the world better. A panel of judges from across sectors choose winners, finalists, and honorable mentions based on feasibility and the potential for impact. With the goals of awarding ingenuity and fostering innovation, Fast Company draws attention to ideas with great potential and helps them expand their reach to inspire more people to start working on solving the problems that affect us all.

About Experian

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.

We have 20,000 people operating across 44 countries and every day we’re investing in new technologies, talented people, and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

Experian and the Experian marks used herein are trademarks or registered trademarks of Experian and its affiliates. Other product and company names mentioned herein are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220505005386/en/

Michael Troncale

Experian Public Relations

1 714 830 5462

michael.troncale@experian.com

Source: Experian

FAQ

What is the significance of Experian Boost recognition in Fast Company’s awards?

Experian Boost was recognized in Fast Company’s 2022 World Changing Ideas Awards for its ability to bring about meaningful change in financial inclusion.

How many consumers have utilized Experian Boost?

Nearly 9 million consumers have connected to Experian Boost to incorporate utility, telecom, and video streaming service payments into their credit profiles.

What is Experian Go and who does it aim to help?

Experian Go is a program designed to assist nearly 50 million people in the U.S. who have a nonexistent or limited credit history.

What are the primary benefits of using Experian Boost?

Experian Boost allows consumers to gain credit for on-time bill payments, potentially improving their credit scores instantly.

How does Experian contribute to financial inclusion?

Experian focuses on developing products like Experian Boost and Experian Go to empower underserved communities and tackle financial inequities.