Equifax announced on Thursday it has joined forces with FinTech Sandbox to help startups access consumer and commercial data from the Equifax platform. Participating startups pay no fees and no equity is taken. Equifax reported:
“In addition to data, Equifax will give analytical support to the Sandbox by allowing access to its Ignite portfolio of premier data and advanced analytics solutions. The portfolio securely and comprehensively supports the full analytical lifecycle – from data access and transparency to visualization and deployment – using a single, connected suite of advanced analytics processes, technology and tools.”
Speaking about the new collaboration, Sharla Godbehere, AtlFi and FinTech leader at Equifax, stated:
“The FinTech industry is moving fast, and I’m so proud that we have an opportunity to collaborate around our shared mission for advancing the industry. We look forward to helping influence the Sandbox’s next generation of leaders with our data and analytical tools. We’re also offering our expertise in this space. Being a FinTech company, we understand the challenges of bringing all the pieces together to make a product work. This is an exciting opportunity to partner and share our personal insights and experience with these startups.”
Jean Donnelly, FinTech Sandbox Executive Director, then added:
“At FinTech Sandbox, we have been looking to expand our offerings and support to startups focused on consumer financial wellness. Equifax, with records for more than 850 million consumers and 92 million businesses worldwide, and advanced analytic solutions, can provide a needed lift for these companies bringing essential solutions to market.”