Equifax has expanded its verification services to Australia and the United Kingdom, powered by the company’s multi-year investment in Equifax Cloud. The move followed the service's rollout and success in Canada and the availability of Equifax employment verification services in India.
Verification Exchange is a secure, automated cloud-based service that streamlines the process of verifying employment and income information, helping increase access, reduce fraud, support compliance, and mitigate risk throughout the verification process.
“Income and employment information are at the heart of most lending decisions, and at the centre of our Equifax Workforce Solutions Data Hub,” said Mark W. Begor, CEO of Equifax. “Today's consumers expect a quick and efficient process when applying for a mortgage, a car loan, or even social service benefits. I'm confident that Verification Exchange will quickly become as critical a part of the credit and lending processes in Australia and in the UK as The Work Number is in the US. We will continue to look at other international markets to expand our industry-leading verification services leveraging our new cloud capabilities.”