Equifax joins Scottish Financial Enterprise

Equifax organises, assimilates and analyses data on millions of consumers and businesses worldwide and is one of the largest sources of detailed consumer and business data in the UK.

Using the combined strength of unique trusted data, technology and innovative analytics, Equifax has grown from a consumer credit company into a leading provider of insights into consumer behaviour and drivers behind the economy. This intelligence helps its clients drive their businesses forward and consumers access the products and services they can reasonably afford.

Equifax also helps organisations to protect against fraud and comply with regulation, and consumers protect their identity and access credit.

Robert McKechnie, senior manager for vertical propositions at Equifax, said: “As a data and insight business, we know how important it is to work directly with the financial services industry, so we’re delighted to join SFE which provides an excellent opportunity to help shape and drive financial services across Scotland and the wider UK.

“The financial services sector has always been a strong component of the Scottish economy with global banks, insurance and asset management companies, as well as legal and accountancy firms located throughout the country. From an Equifax perspective, we see a huge amount of our focus in the coming years being proactively participating in advancements in Open Banking and Commercial Credit Data Sharing – and our relationship with SFE will enhance our collaboration, engagement and partnership approach in these areas. We very much look forward to a long-lasting relationship with Scottish Financial Enterprise and its member organisations.”

Graeme Jones, Scottish Financial Enterprise chief executive, said: “Equifax has shown a real interest in supporting the financial services industry here in Scotland and becoming an active partner in SFE. I have no doubt Equifax will be a great addition to our diversifying and expanding membership, which reflects the changing landscape of financial services in Scotland.

“Scotland has a long-track record of innovation and it’s positive to see data and insight companies, such as Equifax, looking to form partnerships within our sector and also support the work SFE and our members are doing to strengthen financial services in Scotland for the long-term.”