Equifax

Fraud Solution Profile

Equifax is a global leader in identity and fraud solutions, empowering businesses to navigate the complexities of verifying customer identities, preventing fraud and meeting compliance requirements with confidence. Equifax’s comprehensive suite of solutions offers capabilities that span the entire customer journey, including new account opening and identity verification, fraud prevention and AML compliance.

Equifax leverages the industry’s most comprehensive global data network and advanced AI capabilities to deliver unparalleled accuracy and efficiency. Our solutions are designed to be flexible – providing results when, where and how you need them – and customizable, allowing businesses to tailor them to their specific needs and risk tolerance.

With Equifax, Businesses can:

• Streamline onboarding: Verify identities quickly and accurately, across channels, while reducing friction for legitimate customers.
• Prevent fraud: Detect and prevent first party, third party and synthetic identity fraud.
• Ensure compliance: Meet KYC requirements with IDV and AML compliance solutions that leverage expanded data sets to reduce your company’s exposure.
• Enhance customer experience: Build trust and loyalty and improve conversions rates with solutions powered by unique data sources; we are each more than a 3 digit number.

Partner with Equifax to build a safer and more trustworthy digital world for your business and your customers.

• Identity Verification: Digital Identity Trust (DIT), our flagship product, is designed to help businesses ensure they are interacting with a legitimate consumer free of any fraud indicators. It uses a three-step process of verification, affiliation, and insights to determine risk levels using Equifax’s robust physical and digital identity assets.
• Synthetic ID: Utilizing powerful analytics and real-time monitoring, Equifax’s patented algorithm helps businesses safeguard against the creation of fabricated identities and patterns, ensuring robust, proactive protection for your financial security.
• AML Compliance: Equifax can help you comply with anti-money laundering (AML) regulations and safeguard your business from financial crime. Our solution screens customers against global watchlists, including sanctions lists, PEPs, and adverse media, to identify and mitigate risk. Our precise and reliable screening technology helps you reduce false positives and focus on true risks, protect your brand’s reputation and avoid costly fines.
• Consumer Insights & Risk Scores: Products provide indicators of risk by leveraging our Global Identity graph. These solutions return risk scores with as little as one of the following PII elements – email, name + address, IP, Phone number or device. Businesses can now understand “what is the level of risk or this consumer or PII element,” “Is the PII associated with the identity I am interacting with,” and “what is the known level of risk associated with the identity?”