PLEASANT GROVE, Utah and
ATLANTA, Sept. 25, 2019 /PRNewswire/ -- Alchemy Technology
Inc. and Equifax Inc. (NYSE: EFX) today announced a new
partnership to drive FinTech innovation. The relationship is
designed to help banks, specialty financing firms and FinTech
startups accelerate their time to market with easily deployable
white labeled lending solutions. The two companies will make the
"tech" in FinTech available to organizations of all sizes with a
powerful combination of the Alchemy Lending Operating System and
Equifax data analytics, credit, identity and income verification
solutions.
Alchemy Technology is a lending-as-a-service organization
founded with the belief that technology, analytics and operations
should be executed in concert. The company's Alchemy Lending
Operating System was purpose-built to specifically address the
credit needs of today's digital consumers in an increasingly mobile
economy, enabling automation and real-time underwriting for banks
and FinTechs alike. Designed for ease of use, the Alchemy Lending
Operating System does not require costly additional IT
infrastructure or staff. New financial products can be up and
running in weeks, and are true white labeled solutions without
third-party branding.
"Equifax brings technology leadership and a strong vision for
the future of FinTech to their work in the market," said
Timothy Li, Founder of Alchemy
Technology, Inc. "The combination of Alchemy and Equifax
strengthens the FinTech ecosystem with a commitment to ongoing
innovation in lending solutions. We are looking forward to working
with Equifax and to advancing the FinTech industry as a whole."
Equifax is helping to define the future of digital finance. As
consumers gain more choice and control in where, when and how they
interact with banks and lenders, Equifax is delivering insights
across the entire customer lifecycle. Identity verification
services, credit risk decisioning and fraud prevention and
detection solutions help banks and FinTechs to raise productivity
and increase growth. Equifax also helps lenders to understand
consumers' financial trajectories, translating data into actionable
insights.
"As a FinTech company ourselves, we understand that speed of
innovation is critical to success," said Sharla Godbehere, AltFi and FinTech Leader at
Equifax. "Our industry is moving fast, and whether you're a
150-year old bank or a newly minted FinTech startup, you need
easily deployable solutions that anticipate changing consumer
credit needs. We have a dedicated focus on FinTechs and alternative
lenders allowing access to data and the ability to provide more
options to consumers looking for financial services. Our
relationship with Alchemy is based on a mutual commitment to
helping financial institutions of all sizes launch new products,
ideas and finance verticals quickly and powerfully."
Equifax was recently listed in the 2019 IDC Insights FinTech
rankings. For more information, please visit:
https://www.idc.com/prodserv/insights/#financial-fintech_rankings.
Additional information on the Alchemy Lending Operating System can
be found at:
https://www.trustalchemy.com/services/alchemy-lending-platform/.
Equifax and Alchemy Technology are ready to deliver
comprehensive solutions today.
ABOUT ALCHEMY TECHNOLOGY INC.
Alchemy Technology Inc.
is industry-first lending as a service company offering of the box
technology, algorithms and servicing to launch FinTech products for
FinTech startups, specialty financing companies and Banks alike.
Our vertical workflow specializes in Student Lending and Home
Improvement spaces. Our technology offering includes website /
mobile app, loan origination system, decision engine, loan
management system, payment gateways, and secondary market
access.
ABOUT EQUIFAX INC.
Equifax is a global data,
analytics, and technology company and believes knowledge drives
progress. The Company blends unique data, analytics, and technology
with a passion for serving customers globally, to create insights
that power decisions to move people forward. Headquartered in
Atlanta, 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 11,000
employees worldwide. For more information,
visit Equifax.com and follow the company's news on
Twitter and LinkedIn.
FOR MORE INFORMATION
Media Relations for Alchemy Technology Inc.
info@trustalchemy.com
Kate Walker
Media Relations for Equifax USIS
404-885-8058
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SOURCE Equifax Inc.