TORONTO, ONTARIO--(Marketwired - March 29, 2016) - Equifax Canada Co. and Teranet Enterprises Inc. have entered into a strategic partnership in order to deliver property and RESL (Real Estate Secured Lending) insights on Canadian consumers. The two industry leaders will be working together to build a suite of solutions leveraging the analytical expertise, and the credit and property data assets held respectively by each company.
Through this partnership, Teranet and Equifax will be able to provide Financial Institutions with comprehensive Canadian real estate data and analytics needed to better evaluate and service their clients throughout the customer lifecycle.
"We know our clients have been looking for insights into Canadians' mortgage and real estate status," explains Bill Johnston, Vice President, Data and Analytics at Equifax Canada. "Partnering with Teranet enables us to shape data into solutions to help meet that need. Providing deeper insights can help our customers make more informed decisions, which ultimately benefits Canadian consumers seeking credit. We're pleased to be part of that."
Drew Doherty, Director of Marketing & Product Development, from Teranet echoes Johnston's enthusiasm. "We are very excited to partner with Equifax and look forward to providing customers with even greater insights that will ultimately help strengthen lending decisions. These data-rich solutions can be used by financial institutions to inform and adjust their strategies and underwriting guidelines while aligning solutions to meet the evolving needs of the Canadian consumer."
The first suite of solutions generated from this partnership is now commercially available.
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 800 million consumers and more than 88 million businesses worldwide, and its databases include employee data contributed from more than 5,000 employers.
Headquartered in Atlanta, Ga., Equifax operates or has investments in 21 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 9,200 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
Teranet is an international leader and pioneer in electronic land registration systems and commerce.
In Ontario, Teranet is the exclusive provider of online property search and registration. Teranet developed, owns and operates the Ontario Electronic Land Registration System, enabling customers to perform searches, transfer title documents through our search and registration capabilities, and perform many other functions in what is widely recognized as one of the world's most advanced, secure, and sophisticated land registry systems.
In Manitoba, Teranet owns and operates The Property Registry (TPR), offering land and personal property security registration and search services. TPR provides certification of titles to land, maintains land records, and offers reliable information of financial interests in personal property to the public.
A Teranet affiliated entity also holds an interest in Foster Moore International Limited, a New Zealand-based global market player in the government registry sector, including Occupational, Secured Transaction, and Corporate Business registries.
In addition, Teranet offers a complementary suite of innovative solutions for real estate, legal, financial services, government, utilities and local authorities through mapping, property valuation, tax collection and risk assessment products. Reaching a network of over 81,000 end users, 34 real estate boards and over 250 municipalities and institutions, Teranet's Value Added Solutions create efficiencies for these industries.
Teranet is owned by Borealis, a leading global infrastructure investment manager and the infrastructure arm of the Ontario Municipal Employee Retirement System.
For more information about Teranet, visit www.teranet.ca
SELECT Public Relations
Leader, Marketing Strategy & Partnerships
416-360-8863, ext. 2568