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Equifax Introduces Complete Income™ for Social Services
Prnewswire· 2025-06-16 11:45
Core Insights - Equifax has launched Complete Income™, a new solution aimed at helping government agencies efficiently verify income for social service benefits, particularly for applicants with alternative income sources [1][2][4] - The solution will be available in August 2025 and is designed to streamline the income verification process for programs like Medicaid and SNAP [1][2] Group 1: Product Features - Complete Income provides automated income verifications through a single workflow, delivering two structured outputs: Social Service Verification Reports and the Income and Expense Connect Solution [1][3] - The Social Service Verification Reports include W-2 payroll information from over 4.4 million employers, while the Income and Expense Connect Solution incorporates bank deposit data from 92% of U.S. financial institutions [1][3] - The solution allows caseworkers to receive instant reports and alerts when applicants submit their alternative income and self-reported income and expenses, offering a comprehensive view of an applicant's financial situation [3][4] Group 2: Industry Context - The U.S. workforce has become increasingly complex, with nearly 35 million independent workers added in the past four years, complicating income verification for government agencies [2] - Traditional payroll records suffice for many applicants, but self-employed individuals present unique challenges that can delay benefits decisions [2] - The Complete Income solution addresses these challenges by providing a more efficient and secure method for income verification, enabling better-informed eligibility determinations [2][4] Group 3: Benefits to Stakeholders - The new solution enhances the experience for agencies, caseworkers, and applicants, allowing agencies to serve constituents more efficiently and caseworkers to focus on more impactful tasks [4] - Applicants benefit from a simplified process and faster benefits decisions, improving overall service delivery [4]
Equifax Secures 35 New Patents, Advancing Responsible AI, Machine Learning, and Fraud & Identity Solutions
Prnewswire· 2025-06-12 20:20
Core Insights - Equifax has secured 35 new patents in the first half of 2025, increasing its total to nearly 650 patents across 15 countries, focusing on innovations in AI, machine learning, data analytics, cybersecurity, and identity fraud solutions [1][2]. Group 1: Patents and Innovations - The new patents reflect Equifax's commitment to responsible AI innovation, enhancing the ability to provide effective insights for customers [1][2]. - The patents cover various technologies, including automated model development, search index generation, synthetic identity fraud detection, software development attribute management, email legitimacy verification, and trend data updating for automated modeling systems [4]. Group 2: Technology Infrastructure - The Equifax Cloud serves as a global technology and security infrastructure, enabling faster solution implementation and enhancing AI capabilities [2]. - The company employs over 1,000 analytics professionals dedicated to addressing complex challenges faced by customers and consumers [2]. Group 3: Company Overview - Equifax operates in 24 countries and employs nearly 15,000 people, playing a crucial role in the global economy by aiding financial institutions and businesses in making informed decisions [5].
Equifax Announces Agenda for 2025 Investor Day on June 17
Prnewswire· 2025-06-10 11:45
ATLANTA, June 10, 2025 /PRNewswire/ -- Equifax® (NYSE: EFX) today announced the agenda for its 2025 Investor Day to be held on Tuesday, June 17, beginning at 9:00 a.m. Eastern Time (ET) in New York City. The event will feature presentations from the Equifax senior leadership team on the NewEFX post-cloud focus on growth, leveraging the new Equifax Cloud™ and EFX.AI™ to accelerate product innovation and multi-data solutions. The full agenda is as follows: SOURCE Equifax Inc. New Equifax: Mark Begor, CEO Clou ...
Equifax Launches B2bConnect Commercial Marketing Data in the Equifax Cloud™
Prnewswire· 2025-05-15 11:45
Cloud-based Solution Optimizes the Online Search Experience With Near Real-time Access to Data to Increase Efficiency of Marketing Efforts and Drive SalesATLANTA, May 15, 2025 /PRNewswire/ -- Equifax® (NYSE: EFX) has launched its B2bConnect small-to-medium sized business (SMB) data on the Equifax Cloud™, making commercial marketing data available in minutes to help B2B marketers be more efficient and increase campaign success. The platform unifies differentiated data to create more effective commercial sale ...
Equifax Introduces myEquifax™ Mobile Application To Help Consumers Better Monitor Their Financial Health
Prnewswire· 2025-05-07 11:45
New App Makes It Even Easier for Consumers to View and Manage their Credit Accounts, Providing More Control over their Financial Well-BeingATLANTA, May 7, 2025 /PRNewswire/ -- Equifax® (NYSE: EFX) has introduced a new myEquifax™ mobile application for Android™ and iPhone®, offering consumers a convenient way to monitor their financial health from their mobile devices. In the app, users can directly view their Equifax credit report as well as manage existing credit freezes and fraud alerts. myEquifax™ Mo ...
Equifax(EFX) - 2025 Q1 - Earnings Call Transcript
2025-04-22 13:30
Equifax (EFX) Q1 2025 Earnings Call April 22, 2025 08:30 AM ET Company Participants Trevor Burns - Senior Vice President of Corporate Investor RelationsMark Begor - CEOJohn Gamble - Executive VP, CFO & COOBrendan Popson - Vice President - Business, Information & Professional Services Equity ResearchKyle Peterson - Managing Director, Equity ResearchShlomo Rosenbaum - Managing DirectorWahid Amin - Equity Research AssociateDavid Paige - AVP - Equity ResearchKevin McVeigh - Managing DirectorSimon Clinch - Partn ...
Equifax(EFX) - 2024 Q4 - Earnings Call Transcript
2025-02-06 14:30
Equifax (EFX) Q4 2024 Earnings Call February 06, 2025 08:30 AM ET Company Participants Trevor Burns - Senior Vice President of Corporate Investor RelationsMark Begor - CEOJohn Gamble - CFOScott Wurtzel - SVP - Equity ResearchMatthew O'Neill - Managing DirectorSimon Clinch - PartnerArthur Truslove - DirectorAdam Parrington - AVP Conference Call Participants Jeffrey Meuler - AnalystJeff Meuler - Senior Research AnalystManav Patnaik - Managing Director, Equity Research AnalystAndrew Steinerman - Equity Researc ...