Complexity in fin-tech means greater need for ID security
The recent Money20/20 exhibition area was packed with ID and alt-data source exhibitors.
Equifax Assistant Vice-President of Product Management Jeff Knott said the industry has long recognized the limitations of standard identification methods and has worked to complement them by developing additional tools to help financial services companies make wise lending decisions.
“We help service and enable the financial services industry by providing tools to help them get a clear picture of who that person is,” Mr. Knott explained. Equifax Assistant Vice-President of Product Management Jeff Knott
Equifax provides these services in 19 countries, including the United States, Canada, Russia, and Mexico, all locations where they are ranked as the top service provider. They are the second-most popular choice in India, Brazil and the United Kingdom.