The acquisition of Appriss Insights marks the latest in a series of deals Equifax has made over the past few years. With this most recent acquisition of Appriss Insights for 1.825 billion dollars on October 26th 2020, Equifax is poised to increase its analytical capabilities even further with this new purchase that continues its pursuit towards making it the driving force behind digital transformation in financial services worldwide. Predictive fraud monitoring systems such as eTransScreen®, eTransTrac®, Accurisk™ Alerts Solutions, SMV AnalyticsTM and more.Įquifax continues to stay at the forefront of innovations within the industry by striving to deliver service excellence for customers worldwide through continuous investments in technology development, rigorous security standards and dedication to customer growth.Real-time identity verification solutions such as IDValidate®.Income estimation solutions such as AccuEthnicity™ Identity. Identity verification solutions such as AccuFraud™ and AccuScore®.In addition, their robust analytics technology helps them provide accurate risk management solutions for their customers and develop predictive models for guiding marketing practices, managing credit risk, authenticating identities and detecting fraud.Įquifax’s wealth of data has enabled them to become a leader in developing AI-based machine learning products for many areas of financial services, including: In addition, the company is committed to providing tailored products to meet consumer needs in the fast-paced digital environment.Īs an innovator in financial services, Equifax processes billions of data points daily, giving them unique insights into consumer behavior while keeping consumer information secure. Founded in 1899, the company services a wide range of public and private sector customers across North America, Latin America and Europe.Įquifax’s mission is to empower customers with the data they need to make informed decisions about their credit health and financial well-being. is a global data, analytics and technology company that provides information-based solutions to businesses and consumers. Increased access to privacy compliant insights with detailed records from over 10 billion consumers worldwide.Īlleviation of risk management problems across specific industries like financial services and healthcare.įinally, we offer a summary of our key takeaways to provide readers with an introduction to why Equifax purchased Appriss Insights in the first place. First, we discuss how this merger creates: This article examines why Equifax is acquiring Appriss Insights and what this could mean for organizations regarding data-as-a-service offerings. With this acquisition, Equifax demonstrates its commitment to providing customers with comprehensive insights that help manage risk and reduce fraud exposure. The combination of Equifax’s comprehensive credit reporting services with Appriss Insights’ networks of leading databases provides organizations with the data and advanced analytics needed to make informed business decisions. This acquisition was a major move for both companies, as it created a unique data-as-a-service offering that provides consumer guidance and safety solutions across risk management and investigations, healthcare, Fraud & ID theft prevention, consumer financial services, workforce optimization and more. In October 2020, Equifax announced the acquisition of Appriss Insights for $1.825 billion.
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