Equifax: Launches Open Banking product for water industry
- Equifax is a global data, analytics, and technology company. We believe knowledge drives progress. We blend unique data, analytics
- Partnered with the leading water company, United Utilities, providing a first-of-its-kind real-time income verification tool
- Powered by Open Banking, and enabled via customer consent using app-to-app authentication
- The tool automatically detects levels of income and evidence of benefit payments by accessing the applicant’s bank account data
- This bypasses the need for lengthy manual processes involving paper documentation and reduces back
- The digital platform is also bolstered by leading anti-fraud protection, enabling United Utilities to build a more secure, efficient
