Economic uncertainty contributes to subdued business growth, while insolvencies hit a five-year high
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The recent Equifax Frontiers: Championing Digital Trust event convened industry leaders to explore the evolving identity and fraud landscape. Discussions provided valuable insights into strengthening defences against fraud, scams, and data breaches, ensuring regulatory compliance, and future-proofing operations. The central theme emphasised that ‘digital trust’ - meaning customer confidence and security in online business interactions - is no longer a peripheral concern. Instead, it’s a foundational element for business resilience and growth. Consumers expect businesses to protect their personal data while offering transparent, reliable, privacy-respecting and frictionless digital interactions.
Here's a summary of the key insights and talking points from five of the top sessions.
New market leading CDR transaction-based risk score from Equifax harnesses the power of the Mastercard Open Banking platform to help consumers better understand their credit health and open new financial opportunities
The Equifax Q1 2025 Commercial Credit Report reveals a nuanced picture of the commercial credit landscape. Overall business credit applications saw a modest rise, but underlying trends reveal caution among Small and Medium Enterprises (SMEs) and significant pressures in key industries.
How effectively does your organisation detect potential money muling activities?
Hospitality sector facing a severe downturn, with construction and retail also showing ongoing signs of struggle.
The Equifax Q1 2025 Consumer Credit Report reveals growth in credit demand alongside emerging financial pressures. Unsecured credit demand, encompassing credit cards, personal loans, and BNPL, registered a second consecutive quarterly increase, up 5.5% year-on-year.
The fraud landscape is rapidly evolving, with technological advancement and economic vulnerability expected to fuel its growth. Our latest Equifax Fraud Index Report highlights four key shifts in fraud activity and their drivers.
Many businesses underestimate the potential risks and actual costs of fraud, and mistakenly believe that prevention will hinder the customer experience. It’s time to reconsider.
