Equifax Canada empowers businesses to arrive at better credit decisions faster, with Risk Reveal
TORONTO, ONTARIO--(Marketwired - April 20, 2017) - (NYSE:EFX) - Equifax Canada® announced today the launch of Risk Reveal, the only solution in the Canadian market that leverages both commercial and consumer intelligence for a robust and predictive view of a company, as well as its owners.
Combining the depth of two credit databases in one solution, Risk Reveal brings together credit scores, credit data, legal actions, and collections data for both a corporation and its principals, enabling businesses to assess client risk with greater speed and predictability, helping to minimize the potential for fraud.
"It can be difficult to fully understand the credit worthiness and potential for delinquency for a small business," notes George Staikos, Director of Commercial Markets at Equifax. "Is the business being funded through the owner's personal accounts? Or did the owner opt for a business credit card or loan? Or both? Risk Reveal provides a 360-degree view of a small business' risk."
Risk Reveal returns a report for the business inquired upon, and reports for up to three owners/guarantors, as well as a commercial and a consumer delinquency score which predicts the likelihood that a business will become severely delinquent (non-payment for 90 days or greater, in the next 12 months). That data is distilled into a dual risk score that helps businesses adjudicate customers better and faster while reducing write offs.
"This solution, the first in Canada, provides a greater understanding of true credit risk," says Staikos. "Risk Reveal enables businesses to keep profits on track and risk in check."
Equifax powers the financial future of individuals and organizations around the world. Using the combined strength of unique trusted data, technology and innovative analytics, Equifax has grown from a consumer credit company into a leading provider of insights and knowledge that helps its customers make informed decisions. The company organizes, assimilates and analyzes data on more than 820 million consumers and more than 91 million businesses worldwide, and its databases include employee data contributed from more than 7,100 employers.
Headquartered in Atlanta, Ga., Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor's (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 9,500 employees worldwide.
Some noteworthy achievements for the company include: Ranked 13 on the American Banker FinTech Forward list (2015); named a Top Technology Provider on the FinTech 100 list (2004-2015); named an InformationWeek Elite 100 Winner (2014-2015); named a Top Workplace by Atlanta Journal Constitution (2013-2015); named one of Fortune's World's Most Admired Companies (2011-2015); named one of Forbes' World's 100 Most Innovative Companies (2015). For more information, visit www.equifax.com
© 2017, Equifax Canada Co. All rights reserved. All trademarks appearing herein are owned or licensed by Equifax Canada Co. 5700 Yonge Street, Suite 1700, Toronto, ON M2M 4K2
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