Equifax UK becomes first cloud-native UK credit reference agency
Equifax UK completed its Cloud transformation journey, becoming the first cloud-native UK credit reference agency, and enabling the acceleration of new products to market with greater security and enhanced real-time data insights for clients.
The Equifax CloudTM is a top-tier global technology and security infrastructure backed by a more than $1.5bn multi-year investment. Central to the Equifax Cloud is its custom data fabric, an adaptable data platform that unifies the enterprise’s data from over 100 siloed data sources in a single, virtual structure while enabling critical data governance measures, including data segregation, and maintaining compliance with regulatory requirements. It is powered by layering advanced analytics and AI with deep, high-quality data, enabling the organisation to drive AI innovation and maximize its patented EFX.AI capabilities.
The Equifax Cloud enables:
- Real-time insights and decisions: Businesses will gain a 360-view of identity and in-the-moment decisioning based on continually refreshed data
- Multi-data assets at scale: Flexible, streamlined access to differentiated data for more robust insights
- Faster and more efficient products to market: Clients will benefit from accelerated access to new products, reduced time to market and faster customisations
- Improved speed, performance and always-on stability: Including 50% less infrastructure complexity and 10x better performance, leveraging multiple geographic locations within the EU to reduce network latency and allowing for faster application results. Businesses will benefit from layered redundancy that leverages multiple availability zones and regions within the UK, contributing to an uptime of 99.99%
- Enhanced, built-in security: Continued 24/7 detection and response support from the Equifax Security Operation Centre
The unique data, analytics and decisioning-based solutions generated by the Equifax Cloud are crafted to meet the needs of any sized organisation across the globe. The Cloud will give the organisation the ability to address a variety of market problems for customers and consumers.
Patricio Remon, president International at Equifax, said: “Completing our transformation to the Equifax Cloud means Equifax is now the only Cloud-native credit bureau in the UK. The Equifax Cloud enables us with the ability to leverage our global platforms to bring clients more market-leading products, faster than ever before. Coupled with the power of EFX.AI, we are able to layer differentiated data assets from our custom data fabric into solutions that give clients real-time insights and a 360-view of their customers that only Equifax can deliver. All built on the strongest foundation of cybersecurity and always-on stability, I am energised to bring the New Equifax to the UK.”