Equifax Inc. has acquired AccountScore Holdings Limited, a transaction data analytics company.
With this acquisition, Equifax seeks to enhance its consumer and commercial product offerings, combining traditional credit bureau information held by Equifax with bank transaction data, facilitated by AccountScore. Integration of these new data assets will enable Equifax to offer higher rates of automated, digital income verification, more granular assessments of affordability and expenditure and more predictive and inclusive credit scoring.
“This is a really exciting development for Equifax and the acquisition of AccountScore, our long-term partner in open banking, is a natural next step as we continue to expand our data and analytics capabilities,” said Patricio Remon, president of Europe at Equifax.
“AccountScore and Equifax have an established and successful partnership, having collaborated on a number of products and offerings over the last two years,” said Emma Steeley, CEO at AccountScore. “This acquisition allows AccountScore to accelerate its growth and reach new customers, backed by a powerful global company.”