Insight

How Equifax is Helping Businesses Confidently Navigate Uncertain Times

October 07, 2020

As the COVID-19 situation rapidly evolves, it continues to change the economic landscape throughout the world. It’s challenging to fully ascertain the impact at any given point, and we’ve all seen the effect it’s had on employment and hiring, market volatility, and credit. The best assessments of where we are, at any moment in time, come from doing an analysis of the real time data.

“We fundamentally believe that smarter insights drive smarter actions,” said Rebecca Kritzman, Vice President and Risk Marketing Leader for Equifax. “Equifax is in a unique situation to help businesses make sense of these rapidly changing times.”

The recently launched Response Solution Suites helps organizations support consumers and make more informed and confident decisions by combining core Equifax data with advanced analytics, alternative data and trended insights. 

“Our goal is to give businesses access to timely and extremely relevant data to drive the economy,” said Kritzman

Equifax has been helping businesses confidently navigate uncertain times for over 120 years and is providing a variety of resources to help. In addition to the Response Solution Suites, here are a few solutions that Equifax is offering:

  1. Market Pulse Webinars: This free series helps lenders and service providers looking for timely economic and credit insights in the wake of COVID-19.

  2. Market Pulse Podcasts: Complementing the format of our Market Pulse webinar series, and produced in partnership with Moody’s Analytics, our experts provide the latest economic and credit insights to help you drive better business decisions. Episodes are released on the third Thursday of each month, and listeners can find it and subscribe on popular platforms such as Apple, Spotify, and Stitcher.

  3. 2020 Outlook: Plan for the Best. Prepare for the Worst: Equifax and Moody’s Analytics dive into the current and future state of the economy and consumer credit. We also look at pre-recession indicators from the Great Recession of 2008 and how we compare today. Will you be ready for a turn in the economy? Let us help you plan for the best, while preparing for the worst.

  4. The Value of Alternative Data in a Downturn: If headlines have you wondering when a change in the credit cycle might occur – or what the severity of a potential economic downturn would be – you’re not alone. Consumer lenders share how they’re planning for a slowing economy in latest Aite Group research that was commissioned by our team.

  5. Consumer Credit Forecasts: Gain insight into how the U.S. and local economies affect consumer credit behavior and performance through a full spectrum of consumer credit analytics services: data, forecasts, alternative scenarios, research and full access to analysts. A joint product of Moody’s Analytics and Equifax, the service covers a wide range of household credit, economic, and demographic variables at a detailed level of geography.

Equifax has a variety of solutions that keep the pulse of a changing economy. Our team will continue to be there to help people live their financial best.