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Equifax Credit Information Services India

Equifax Partners with Jumio, to Boost Mobile Commerce Capabilities

New Mobile Commerce Capabilities Mark Equifax Entry into Mobile Payments Market Equifax Inc. announced its partnership with Jumio, an industry leader in the mobile commerce space that specializes in payments and ID scanning and validation products for mobile and web transactions.  The companies will be working together in developing a series of solutions that will create a more streamlined, secure ... Read More »

Equifax Acquires Chicago Based Forseva LLC

Enhances Commercial Credit and Collections Management Capabilities following its acquisition of TDX in the UK Equifax Inc. (NYSE:EFX) has acquired Forseva, LLC a Chicago based leading provider of end-to-end, cloud-based credit and collections management solutions.   The company will become a part of Equifax Commercial Information Solutions. This is an interesting development.  Equifax’s commercial solutions business has gone nowhere since its ... Read More »

SBI Acquires Stake in Equifax Inc’s India-based Credit Bureau

The State Bank of India (SBI) announced that it acquired a stake in the U. S.-based Equifax Inc’s Indian subsidiary Equifax Credit Information Services (ECIS).  In a press release, the SBI said that the investment gave it an interest in the credit bureau ECIS along with a membership in its board. The lender, however, neither disclose the size of stake ... Read More »

Equifax UK Cements Equifax/FICO Alliance with Appointment of Key Executive

Equifax has appointed Jake Ranson as Head of Business Operations on the Equifax/FICO Alliance, providing clients with a key point of contact for initiatives being delivered in partnership by the two companies. The Equifax/FICO Alliance was created in May 2011 to challenge the status quo in the risk management arena, delivering new solutions that are not possible from any single ... Read More »

Equifax Reports Record Second Quarter 2012 Results

Following an impressive Q1 performance Equifax again pulled ahead with record second quarter results:  Revenues were up 15% (Non GAAP and local currency basis), Operating income was up 18%.  Highlights: U.S. Consumer Information Solutions (USCIS): Total revenue was $230.1 million in the second quarter of 2012 compared to $194.0 million in the second quarter of 2011, an increase of 19 ... Read More »

After the “Go-Go Days” Part 4 Business Information – The Current State of Play

BIIA has asked Phil Cotter, an expert in the consumer and commercial credit information industry and BIIA’s newest contributing staff writer, to express his views about the shape of the credit information industry post financial crisis and how the major players intend to grow their business. Part three was published in recently in the BIIA News Section on www.biia.com and ... Read More »

Credit Information: The End of the Go-Go Days

BIIA has asked Phil Cotter, an expert in credit information to write a series of articles on the state of the credit information industry.  This is part one of four articles posted on www.biia.com As we move into the post-recession, post-credit crunch era, it is pertinent to take a look at what shape the global credit information players are in and how ... Read More »

Equifax India Launches New Risk Score

Equifax Credit Information Services (India) launched a new risk score and a series of new portfolio review products which will help lenders in credit delivery.  “The newly launched market-level risk score is designed to predict the likelihood that a customer will default in the next 12 months.  It will help financial institutions to monitor their loan portfolios,” said Equifax managing ... Read More »