Use regulation to improve business operations and customer management.
The UK government has made it clear that determining consumer indebtedness and affordability is the responsibility of lenders. And there’s also re-verification, anti-money laundering and Know Your Customer regulation to keep on top of.
Hardwiring compliance into your systems and decision-making processes is a way to show your commitment to meeting these legal requirements. Plus, using regulation as an incentive to treat customers fairly and drive business performance can deliver tangible benefits. Compliance is compulsory – so why not make it simple?
" Equifax came in to look at our business, they really started to get under the skin and that enabled them to tailor products that met our requirements."Fran Kenny, Toyota Financial Services Plc
Equifax’s data intelligence can help you meet responsible lending and affordability best practices, for example by:
Let us do the diligence and you’ll save your business time, money and resources. And not only will you be protected from regulatory fines – your important commercial decisions will be better supported as well.
Access Equifax identity and customer data online, or integrate a compliance solution with your own system via secure data feed.
If we don’t yet offer a tool that’s right for your business, call our consultants. They’ll work with you to define your unique regulatory compliance needs and develop a bespoke solution.
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