Information solutions company Equifax Inc, (NYSE: EFX) has acquired DataX Ltd, a specialty finance credit reporting agency and alternative data provider to lenders nationwide, the company said.
Through DataX, Equifax will help lenders expand credit access and broaden financial inclusion for more consumers, specifically in underbanked populations.
The acquisition of DataX complements other unique Equifax data assets that help provide greater depth and reach to those seeking credit such as The Work Number, the nation's largest centralized repository of payroll data, managed by Equifax.
DataX's data assets complement the Equifax core credit database adding alternative credit and payment data, analytics and identity solutions on underbanked consumers to the installment loan, rent-to-own and lease-to-own markets.
DataX and its employees are now part of the Equifax Banking and Lending division.
DataX Ltd., an alternative data credit reporting agencies, offers premier financial management solutions to businesses through a suite of advanced products focussed on mitigating risk and improving profitability.
"DataX is pleased to have partnered with TranDotCom, whose commitment to the needs of the consumer finance industry is unparalleled.
DataX, FCRA-compliant credit reporting agency, specializes in developing industry leading risk analytics focused on the non-prime consumer.
The service will use software from APD Communications and RAM Mobile Data's Interim Mobile Data Network, and initially it will be rolled out to 100 patrol cars which will have specially designed mobile data terminals from Petards Datax
. Sussex Police is also installing a new local mobile data gateway that has been developed by APD Communications.
A new technology agreement formed between TRACKER Network and Petards Datax
Ltd will extend the stolen vehicle tracking ability of Britain's police forces to a nationwide basis through greater fitment of TRACKER systems into police vehicles.