BOSTON ATLANTA–( COMPANY WIRE)– Cignifi and Equifax, a worldwide details solutions business, today
revealed a multi-year collaboration that will assist Equifax expand its
credit history abilities in Latin America. The contract will
take advantage of Cignifi’s path-breaking analytics and innovation to assess
creditworthiness, tendency, and risk based on cellphone usage information
that is offered with specific customer authorization.
” We are delighted to deploy our platform to assistto assist Equifax enhance their
credit report abilities in Latin America,” said Jonathan Hakim, CEO
and founder of Cignifi. “This partnership seals a duration of high development
for our company and verifies our exclusive behavioral scoring
innovation, while assisting to add a new swimming pool of viable clients to the
consumer credit market in the region.”
Cignifi’s technology will make it possible for Equifax to supply threat ratings for
countless customers with limited or no official credit report. The
Predictor Addition Score by Equifax will be produced in collaboration
with regional telecommunications business in each nation of operation.
Ratings will only be offered for customers who opt in and offer
permission for use of their cellphone use data, ensuring their personal privacy
” Our knowledge in bringing ingenious items to the marketplace
combined with Cignifi’s advanced analytical platform makes for a.
effective brand-new option,” said Chris Jones, President of Latin America,.
Equifax. “We are optimistic that the Predictor Addition Rating will have.
a substantial impact on financial inclusion in the area – helping to.
expand access to credit for those consumers who previously had restricted.
interaction with banks or monetary institutionsbanks. This is a rating that.
will help our customers say ‘yes’ more frequently to applications for credit,.
and we’re proud to deliver it in a way that aspects customers and.
allows us to continue to serve as a relied on steward of their data.”.
The brand-new scoring system, which will be provided online through an.
application program interface (API), will enable banks, sellers, and.
insurance companies to underwrite credit for consumers with no previous formal.
payments history, marking a considerable step forward for monetary.
inclusion in Latin America.
The Predictor Inclusion Score by Equifax will debut this spring.
Cignifi is helping to fulfill the requirements of more.
than two billion people worldwide who have cellphones however restricted.
access to official monetary services. The Company has actually developed the first.
big information platform to provide credit and marketing ratings for consumers.
utilizing smart phone habits. The Cignifi platform qualifies countless.
underserved customers who do not have standard credit rating, unlocking a.
huge chance to provide access to credit to these same customers.
Cignifi, based in Cambridge, Massachusetts, is backed by leading United States.
endeavor investors and led by a management group with considerable data.
analytics, financial services and worldwide company experience. For more.
information, go to www.cignifi.com.
Equifax powers the financial future of.
individuals and organizations worldwide. Using the integrated.
strength of unique relied on information, innovation and ingenious analytics,.
Equifax has actually grown from a consumer credit company into a leading supplier.
of insights and understanding that helps its consumers make notified.
decisions. The company arranges, takes in and evaluates information on more.
than 600 million customers and more than 80 million companies.
worldwide, and its databases consists of worker information contributed from.
more than 5000 companies. Locateded in Atlanta,.
Ga., Equifax operates or has financial investments in 21 nations in North.
America, Central and South America, Europe and the Asia Pacific region.
It is a member of Standard amp; Poors ( Samp;P) 500 Index, and its common.
stock is traded on the New York Stock Exchange ( NYSE) under the symbol.
EFX. Equifax utilizes around 9,200 staff members worldwide. Some.
significant achievements for the company consist of: Ranked 13 on the.
American Lender FinTech Forward list (2015); called a Top Technology.
Carrier on the FinTech 100 list (2004-2015); named an InformationWeek.
Elite 100 Winner (2014-2015); called a Top Work environment by Atlanta Journal.
Constitution (2013-2015); named among Fortune’s World’s The majority of Appreciated.
Business (2011-2015); called among Forbes’ World’s 100 Many Ingenious.
Companies (2015). For more informationFor additional information, go to www.equifax.com.