ATLANTA and NEW YORK, April 27,
2021 /PRNewswire/ -- Global data, analytics and
technology company Equifax (NYSE: EFX), and
global fintech innovator, Revolut today announced a new
strategic relationship. Used by more than 15 million people
globally to make over 100 million transactions a month, Revolut has
selected Equifax to better serve its customers in the United States and provide a more diverse
range of services. Equifax was chosen for the ability to provide
cloud-native differentiated data assets and real-time predictive
analytics for a faster, more informed view of customers and
prospects.
"We're on a mission to build the world's first global financial
superapp," said Ronald Oliveira, CEO
of Revolut U.S. "Equifax has a strong understanding of the global
fintech space. They provided us with the flexibility we needed to
replicate our unique business model internationally while giving us
a deeper view of the needs of consumers and small businesses as we
seek to provide a more diverse range of products for our customers
in the U.S."
Equifax is the only cloud-native consumer credit reporting
agency. Being cloud-native is what enables innovation at scale -
providing the unique ability to give deeper, more predictive
insights, customized solutions, faster results, and maximum
security. With Equifax, Revolut is able to obtain the decision
intelligence they need within milliseconds, enabling them to
quickly help more consumers and small businesses access more
financial opportunities and manage their money with greater
freedom. Equifax also provides a number of flexible, innovative
solutions, including the new InnovationX immersive experience, to
support the needs of rapidly expanding fintechs like Revolut.
"Data is at the heart of fintech innovation and competitive
advantage," commented Sharla
Godbehere, Leader of FinTech and Alternative Financial
Services for Equifax United States Information Solutions (USIS).
"We partner with fintechs of all sizes to provide the data and
analytics they need to innovate at the speed of now. With Equifax,
Revolut is able to quickly improve its service and decision-making
outcomes with richer context on the U.S. market. We're providing
actionable insights that can help Revolut acquire new customers
seeking financial opportunity while mitigating risk and increasing
revenue."
Revolut customers can open a multi-currency account in minutes
and are able to access an array of services immediately after
account setup. The app allows individuals to exchange, send and
receive 28+ currencies in seconds; manage money with spending
analytics; withdraw from over 55,000 surcharge-free ATMs
nationwide; access their salary up to two days in advance; and
more.
For more information on Revolut, please visit revolut.com.
Additional information on Equifax solutions for fintechs can be
found at equifax.com.
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe
knowledge drives progress. As a global data, analytics, and
technology company, we play an essential role in the global economy
by helping financial institutions, companies, employers, and
government agencies make critical decisions with greater
confidence. Our unique blend of differentiated data, analytics, and
cloud technology drives insights to power decisions to move people
forward. Headquartered in Atlanta
and supported by more than 11,000 employees worldwide, Equifax
operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia
Pacific region. For more information, visit Equifax.com
ABOUT REVOLUT
We are building the world's first truly
global financial superapp. In 2015, Revolut launched in the UK
offering money transfer and exchange. Today, 15 million customers
around the world use dozens of Revolut's innovative products to
make more than 100 million transactions a month.
Across our personal and business accounts, we help customers
improve their financial health, give them more control, and connect
people seamlessly across the world. www.revolut.com
The Revolut USA Prepaid
Mastercard is issued by Metropolitan Commercial Bank pursuant to a
license from Mastercard International and may be used everywhere
Mastercard is accepted. Banking services are provided by
Metropolitan Commercial Bank, Member FDIC. Revolut Technologies
Inc. is a technology services provider and administrator of the
card program.
FOR MORE INFORMATION
Kate
Walker for Equifax
mediainquiries@equifax.com
Jane Nho for Revolut
jane.nho@revolut.com
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SOURCE Equifax Inc.