Seventh Consecutive Year Equifax Recognized Among Nation's Financial Technology Leaders
CHICAGO, Oct. 13, 2011 /PRNewswire via COMTEX/ --
A continued commitment to innovation powered Equifax's placement on the 2011 FinTech 100 list by Bank Technology News and Financial Insights. Out of 100 companies highlighted on this annual listing, Equifax ranked 19th among technology companies that derive more than one-third of their revenue from the financial services industry. This marks the seventh consecutive year that Equifax Inc. (NYSE: EFX), one of the largest and most diverse sources of consumer and commercial data, has been recognized on this prestigious list.
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"In today's economic environment, innovation and process excellence are powerful tools when it comes to tackling industry changes and finding new ways to drive sustainable growth," said Scott Waid, senior vice president, Equifax New Product Innovation. "This honor underscores our pledge to equip the marketplace with unique solutions and actionable insights that provide greater transparency into multiple channels of an enterprise and empower businesses to make confident decisions across the customer lifecycle."
Investment in innovation and execution has enabled Equifax to sustain its industry leadership and find new ways to solve customer challenges. With its New Product Innovation program integrated in every business unit, Equifax launched 72 new products in 2010 for existing and emerging markets. A continued focus on new data assets and decisioning technologies has fueled market adoption of Equifax solutions that help customers optimize opportunity and better manage risk. Every month millions of transactions are processed for Equifax U.S. customers using InterConnect, a Technology and Analytical Services platform which automates application processing, credit decisioning and analytics. To further extend the reach of its Technology and Analytical Services business and deepen the company's footprint in the healthcare and government sectors, Equifax in 2010 acquired Anakam Inc, a leading provider of multi-factor identity authentication solutions.
Equifax and other award honorees highlighted on this roster were recognized at an industry event held during the 2011 BAI Retail Delivery Conference & Expo. The FinTech 100 ranking is compiled by Bank Technology News, one of SourceMedia's premier banking and financial services publications, and Financial Insights, a leading independent research and advisory firm. This marks the eighth year that Financial Insights and Source Media have joined forces for this ranking, which is highlighted as a Special Report in this month's issue of American Banker and in Bank Technology News. Companies on this list are selected based on their primary business, key application solution or vertical industry and 2010 total annual revenues.
Equifax is showcasing many of its technology solutions in booth #1471 at the BAI Conference this week in Chicago. For more information about Equifax Technology and Analytical Services, visit www.equifax.com/blog/technology-analytics/en_tas.
About Equifax Inc. ( www.equifax.com)
Equifax is a global leader in consumer and commercial information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates in four continents and 15 countries, is a member of Standard & Poor's (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange under the symbol EFX. For more information, please visit www.equifax.com.
Equifax is a registered trademark of Equifax, Inc.