Equifax H3X Labs

We are data scientists, technologists, risk architects and entrepreneurs, operating with the autonomy necessary for deep exploration, balanced by the governance required to effectively manage risk. Our innovations are driven by a wide range of factors, including:

• Societal shifts
• Economic trends
• Regulatory changes
• Technological breakthroughs
• Data innovations
• New business models

We look to partner with companies ready to co-engineer next-generation solutions. Our rigorous, structured process ensures mutual success and efficient development:

• Initial Contact & NDA:   Securing proprietary information.
• Ideation & Concept Development:   Collaborative sessions to scope the experiment, define the core problem, and map the outcomes and high-level solution.
• Prototype Creation:   Development of a proof of concept to validate and demonstrate viability.
• Due Diligence:   A detailed review of a partner's technology, security, and financials to ensure a robust foundation.
• Commercial Terms Discussion:   Establishing initial agreement, typically an MoU, outlining essential principles for privacy and scaling.
• Risk Boundaries Submission:   Compiling of documentation for H3X Advisory Panel review, including hypotheses, testing approaches, costs, partner involvement, and input from internal stakeholders (risk, legal, brand)
• Advisory Panel Approval:   Reviewing the submission, focussing on assessing risks for market testing approval.
• Market Testing:   Deploying the approved proposition to gather real-world learnings that will inform decisions about whether to pivot, evolve or cease the experiment.
• Scaling Consideration:   Evaluating successful experiments for integration into business units, new product introductions or full commercialisation, with H3X helping to prepare the light business case.
• Go-to-Market (GTM):   Collaborating with relevant business areas to prepare the successful proposition for launch.

A key partnership is with mnAI, with whom we focused on solving a critical data gap in the market. Together, we engineered the novel National Catastrophe and ESG Dataset (NCED). This initiative is transforming risk modeling by providing granular, unique metrics on active Australian companies, dramatically improving visibility into complex ESG risks. Key outcomes and benefits:

• Enhanced risk visibility:   Gaining a more complete view of ESG risks like poor governance and emissions exposure.
• Regulatory streamlining:   Helping clients meet compliance requirements.
• Revenue opportunities:   Identifying ESG-linked lending products and commercial opportunities.
• Optimising business strategy:   A detailed review of a partner's technology, security, and financials to ensure a robust foundation.

We are currently conducting an in-market test of this powerful prototype with major banking partners.

H3X Labs is continuously exploring diverse areas for potential experimentation and innovation, including:

• Artificial Intelligence (AI):   Applying AI to fundamentally re-engineer business efficiency, from hyper-productivity virtual personal assistants to leveraging AI for rapid market foresight and analysis.
• Digital Wallets:   A key exploration mandate to uncover new business models and value chains enabled by this technology.
• Natural Peril Risk:   Developing advanced methodologies to fundamentally reshape how risk associated with natural disasters is assessed and mitigated.
• Emerging technologies & business models:   Our continuous hunt for uncharted ideas with the potential to fundamentally shift the industry landscape.

We are focused on achieving the next exponential leap. This means actively seeking and validating new business models and pioneering technologies that will not just create value for our customers, but redefine the market's capabilities. We are actively building the future-proof advantages our partners will need to lead.