Experian

Andrew Black, MD of Experian A/NZ

Experian Australia & New Zealand has announced the acquisition of Australian fintech Look Who’s Charging in a bid to combine its data solutions with the fintech’s enrichment capabilities. According to Experian, the acquisition will enable it to offer aggregation and categorization solution to organizations including granular insights for them to apply across their business.

Andrew Black, Managing Director of Experian A/NZ said, “With Look Who’s Charging’s enriched data integrated into our open data platform, we will be able to provide a uniquely accurate and comprehensive solution for the Australian market. This will help our customers lend more responsibly while enhancing their fraud checks and reducing their call center traffic for unrecognized transaction queries, as well as ensuring consumers have a greater understanding of their financial situation. Look Who’s Charging’s forward-looking and problem-solving nature is aligned with our business and approach to innovation.”

Established in 2016, Look Who’s Charging is a data platform that provides insights on bank statement transactions. The fintech aims to utilize digital banking applications and save costs through reduced call centre volumes. It looks to improve decision making and cost reduction through efficiencies in the loan application process.

Founder of Look Who’s Charging, Stuart Grover, said, “We are extremely excited to combine the technology and data we have built to support the Australian banks with Experian’s market-leading open data technology. With Experian’s scale, we have an opportunity to help solve more of the immediate problems faced by Australian consumers and financial institutions, whilst the Look Who’s Charging solution is also rolled out to other key markets around the world.”

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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