Equifax has been recognised as an ABA100 Winner in The Australian Business Awards 2021 for Product Innovation and New Product Innovation for Equifax One Score. In their sixteenth year, the awards are an annual all-encompassing awards program recognising organisations that demonstrate the core values of business innovation, product innovation, technological achievement and employee engagement via a set of established business and product award categories.
Kari Mastropasqua, Executive General Manager Data & Analytics Equifax said, “As a global leader in data, analytics and technology Equifax is proud to be recognised as the 2021 New Product Innovation and Product Innovation award winner”.
Credit agencies generate credit scores to help lenders and creditors determine creditworthiness and support responsible lending. Equifax One Score provides lenders with a strong performing score that captures recent shifts in Australia's data reporting and consumer credit behaviours. Equifax One Score supports highly predictive, stable, explainable credit decisions.
“Equifax One Score helps lenders make more accurate, transparent and responsible credit lending decisions. The score was developed with new data sets and an Equifax-patented machine learning technique called NeuroDecisionTM Technology.
“Equifax One Score empowers consumers to understand the drivers behind their credit score, how to improve it and how to use their score to negotiate better rates and terms. For lenders it means the ability to provide more personalised customer experiences with tailored product offers”, Mastropasqua adds.
Organisations that demonstrate the core values of business innovation, product innovation, technological achievement and employee engagement are recognised via a set of established business and product award categories.
“The COVID-19 pandemic has presented one of the most significant business challenges ever faced by organisations across Australia. It created a critical need for leading organisations to adapt to new working environments and adopt new approaches to innovation whilst navigating the technical and operational constraints imposed by the lockdown,” said Ms Tara Johnston, Australian Business Awards Program Director.
“As the world changes, these organisations have implemented new business tools, practices, and policies to facilitate productivity beyond the physical office, presenting unique opportunities for business transformation by rethinking their business strategies and processes,” Ms Johnston added.
Entry into the awards is open to all private and public companies, multinationals and their subsidiaries, non-government organisations, educational institutions, government departments, government agencies, government authorities and statutory bodies that have successfully executed a business, management, community initiative or developed an innovative product or service.
The program provides a significant opportunity for high-performing organisations that implement world-class business initiatives and develop innovative products and services to be acknowledged and honoured for their achievements, both nationally and internationally.
For more information on The Australian Business Awards 2021 and the ABA100® Winners, visit australianbusinessawards.com.au.
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 11,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.au or follow the company’s news on LinkedIn.
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