26 Nov 2013

Equifax Canada Co. and AVS Systems Inc. announce strategic partnership

Partnership creates a fully automated, national collateral (PPSA) management & corporate search and identity services

Toronto, ON, Tuesday, November 26, 2013 – Equifax Canada Co. and AVS Systems Inc. have entered into a strategic partnership designed to provide end-to-end credit processing solutions.  Equifax is a trusted provider of consumer and commercial credit risk assessment and management solutions. AVS has developed a comprehensive and robust technology platform that provides direct connectivity to each provincial and territorial personal property registry system and each provincial and federal corporate registry in Canada.  This portal enables automated online lien registration and lifecycle management, along with corporate search capabilities.

“With our extensive credit processing and analytics capabilities and AVS’s leading technology, we can offer our clients a comprehensive solution with embedded data and analytics which will help improve productivity, enhance compliance and lower risk,” said Carol Gray, President, Equifax Canada Co.

Within the rapidly changing financial industry, there is a market need for advanced and comprehensive technology solutions that can access, validate, analyze, archive, and transmit business-critical data. With these capabilities, businesses are better equipped to improve efficiency while ensuring alignment with the changing regulatory environment.

“We are extremely excited about our partnership with Equifax and the opportunities it presents,” added Larry Mullins, President, AVS Systems Inc. “We have invested heavily in developing the most advanced technology platform, which augments the joint expertise of our organizations in lien management, compliance, and credit processing.  As a result, we can now deliver multiple market leading services in a single consolidated solution.”

Businesses will benefit immediately with a newly launched PPSA Connect™ solution as well as an enhanced Business Confirm™ solution.  Further work is being done to explore potential opportunities to integrate more data assets and solutions from both organizations to provide better value for clients.