back Back

Revolut selects Equifax as data and analytics partner in the UK

By Megha Bhattacharya

July 22, 2021

  • Revolut
  • UK
Share

equifaxEquifax UK and Revolut have announced a new strategic partnership that provides differentiated data assets and real-time predictive analytics for a faster, more informed view of customers and prospects. The Revolut app enables individuals and businesses to exchange, send and receive money in multiple currencies. As part of a global expansion effort, the app is now powered by Equifax cloud-based data both in the UK and US markets.

Patricio Remon, President of Europe at Equifax, said: “The announcement today of a new partnership between Equifax UK and leading fintech, Revolut, is testament to the ambition and innovation of both companies. At the core of the collaboration is a vision to implement and utilise smart, cutting-edge data and analytics that brings positive outcomes for all involved. Powered by cloud-native capabilities and unique predictive insights from Equifax UK, Revolut will financially empower thousands of consumers.”

Through harnessing the Equifax bureau data sets, Revolut is able to obtain the decision intelligence and real-time predictive analytics it needs. This provides a faster, more informed view of existing and potential customers, and ultimately helps more consumers and small businesses access additional financial opportunities and manage their money with greater freedom.

Luke Churchyard, Head of Credit at Revolut, said: “Our mission is to build the world’s first global financial ‘super app’, and this means continuing our growth in major markets such as the UK. Equifax has a strong understanding of the domestic fintech space and developing cloud-native technology. This allows us to build deeper predictive insights and customised solutions into the app, giving a more detailed view of the needs of consumers and is an exciting step in our partnership.”

Previous Article

July 22, 2021

Yapily closes $51m Series B funding to boost European expansion

Read More
Next Article

July 22, 2021

Vindicia and Chargebacks911 partner to stop friendly fraud

Read More






IBSi Daily News Analysis

regulations,

June 11, 2024

Revolut

Payments industry urges delay of APP fraud rules amid leadership change at Payment Systems Regulator

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Commencis launches new Turkish LLM for banking & financial services

Read More

Today

Nigeria’s Islamic Finance sector eyes growth amid higher capital requirements

Read More

June 11, 2024

Public-facing applications and APIs are the most common targets of cyberattacks

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023