Equifax improves OneView ™ report for businesses with alternative insights into DataX data

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ATLANTA, 25 October 2021 / PRNewswire / – Equifax (NYSE: EFX) extends business intelligence for lenders and other businesses with its enhanced cloud-based OneView ™ report. The visual report, which defines a new industry Standard to learn how credit data information is delivered, displayed and delivered to businesses of all sizes, can now include alternative data information from a specialist financial credit reporting agency DataX bundled with traditional credit data and income and employment information from The job number® database. The provision of differentiated data assets that ‘Only Equifax’ can deliver in a single transaction helps businesses open up mainstream financial opportunities to more U.S. consumers faster.

According to the Federal Reserve, 63 million American adults are either unbanked or underbanked. These people potentially face higher costs to borrow money and barriers to housing and employment. Helping more of these consumers access traditional financial products and services requires new knowledge about individual financial history. Adding DataX insights to Equifax’s existing OneView report provides businesses with stronger data on thin-file, underbanked and invisible credit consumers with a continuous flow of loan performance data. consumption by businesses nationwide, including small dollar installment lenders, rent-owned businesses and furniture finance companies.

“Two people with the exact same credit score can have very different financial profiles and very different financial needs,” said Marc Luber, Product Manager for Equifax United States Information Solutions (USIS). “By incorporating alternative DataX data sources into our OneView solution, we are giving businesses the broad consumer views they need to support more informed decision-making and promote financial inclusion. “

The OneView report, now available on the Equifax for developers The Application Programming Interface (API) portal and Equifax Eport Cloud summarize key consumer information on a single page to help financial institutions and other businesses focus on the information that best matches their business models. decision and their priorities. With OneView, businesses can achieve a colorful graphical report or a simple text-only display, both designed for maximum readability. OneView is powered by the industry’s first drag-and-drop configuration engine, allowing businesses to optimize the “tiled” format of this unique report format for a truly personalized report view – and modify report views as needed. needs.

OneView is the next generation of the Equifax TotalView product, which provided the industry’s first comprehensive view of credit, employment and income status, with traditional credit data provided in addition to employment and employment data. returned. Existing Equifax OneView customers with existing access to DataX can take advantage of this new functionality today. New customers can visit Equifax.com for more details. In addition, Equifax predicts that additional data from the recent acquisition of Teletrack® will be integrated into DataX and the OneView report in 2022.

ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge is the engine of progress. As a global data, analytics and technology company, we play a vital role in the global economy by helping financial institutions, businesses, employers and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technologies generate insights that are useful in making decisions and moving people forward. Based at Atlanta and supported by more than 12,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific Region. For more information visit Equifax.com.

ABOUT DATAX, EQUIFAX COMPANY
DataX, an Equifax company, is a Fair Credit Reporting Act (FCRA) credit reporting agency (CRA) and an industry-leading alternative data provider offering financial management solutions from leading business with a suite of advanced products. The insights gained from DataX’s services enable businesses to proactively manage risk, protect customers from fraud, reduce customer acquisition costs, and increase revenue opportunities. www.DataXltd.com

FOR MORE INFORMATION

Kate walker for Equifax

[email protected]

SOURCE Equifax Inc.

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http://www.equifax.com


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