Company Overview of Equifax Canada Inc.
Equifax Canada Inc. builds and maintains a database of consumer credit information in Canada. It offers credit reports and scores for various industries, including automotive, banks and financial institutions, business services, collection agencies, credit unions, insurance and brokerage, public sector, retail, small business, specialized credit grantors, telecommunications, and wholesalers and manufacturers. The company also offers a financial data platform that offer predictive insights about consumer spending, credit behavior, and potential delinquency. Equifax Canada Inc. has a strategic partnership with Teranet Enterprises Inc. The company was founded in 1921 and is based in Toronto, Ca...
5700 Yonge Street
Toronto, ON M2M 4K2
Founded in 1921
Key Executives for Equifax Canada Inc.
Vice President of Technology Solutions
Vice President of Data and Analytics
Senior Director of Decision Insights
Compensation as of Fiscal Year 2016.
Equifax Canada Inc. Key Developments
Equifax Canada Launches New Financial Data Platform
Jan 24 17
Equifax Canada has unveiled a new financial data platform. The platform would offer predictive insights about consumer spending, credit behaviour and potential delinquency. This, the firm said, would help its customers to assess the risk profile and financial health of their customers.
Equifax Canada Releases First Phase of Multi-Million Dollar Technology Platform
Jan 24 17
Equifax Canada Inc. announced it has launched the first phase of a new multi-million dollar technology platform that will provide Canadian financial institutions with radically improved insights to help them understand their customers' needs and motivations. The new technology will enable Equifax and its clients to deliver a better end-consumer experience, faster service, and fair and flexible access to credit for all Canadians. Equifax Canada sees the new platform reaping benefits for both credit-granting institutions, as well as the general public who rely on credit to finance dozens of individual transactions every week. By delivering more predictive insights about consumer spending, credit behavior and potential delinquency the first component of this multi-phase project will give financial institutions access to data that provides a more accurate risk profile of their customers. In particular, trended credit data which details repayment history and highlights trends adds significant insight that goes well beyond a static point-in-time credit score when it comes to underwriting lending risk. In addition to the credit scores Equifax provides, these in-depth views of consumer behavior provide a more comprehensive understanding of the financial health of consumers and businesses alike. New Canadians with little-to-no credit history, for example, will benefit from lenders who have more information to base an evaluation on versus simply turning them down. This will help reduce Canadian consumers' reliance on high interest lenders who profit when the prospective borrower cannot be profiled because they lack credit history. At the same time lenders will be able to gain access to new markets which may have been difficult to underwrite in the past, creating a win-win for the Canadian economy.
Equifax Canada Co. and Teranet Enterprises Inc. Sign Strategic Partnership to Deliver Property and Real Estate Secured Lending
Apr 6 16
Equifax Canada Co. and Teranet Enterprises Inc. have signed a strategic partnership in order to deliver property and real estate secured lending, or RESL, insights on Canadian consumers. The two industry leaders will be working together to build a suite of solutions leveraging the analytical expertise, and the credit and property data assets held respectively by each company. Through this partnership, Teranet and Equifax will be able to provide Financial Institutions with comprehensive Canadian real estate data and analytics needed to better evaluate and service their clients throughout the customer lifecycle.
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