Disparity in Portfolio Allocation Between Affluent, Mass Affluent Americans Points to Opportunity for Financial Services Firms

Data from the Equifax Observations and Impacts of U.S. Consumer Wealth Trends report paints a compelling and clarifying picture for financial advisors. Despite the draining experience from the Great Recession, Mass Affluent consumers (as the report refers to households with investable assets between $100,000 and $1 million) have slowly been shifting their portfolio allocation from [Read More…]

More Data, Less Fraud

Fraud is increasing on online and mobile channels as EMV adoption limits point-of-sale fraud. Implementing appropriate verification and authentication protections helps minimize fraud losses and improve customer experience. Listen to this interview with fraud expert Andy Smith to learn about how to: Improve fraud detection by sharing information across businesses Limit true-name and synthetic ID [Read More…]

Bouncing Back from the Great Recession

After a long, hard slog, the U.S. economy is beginning to finally emerge from its economic slumber, and that’s good news for banks looking to sustain current clients and add new ones to the mix as the nationwide financial landscape brightens.  “The Great Recession, which started in December 2007 and officially ended in June 2009, [Read More…]

Fraud Protection and User Friction – Balancing Opposing Forces in the Online Experience

The phrase “frictionless customer experience” is getting a lot of play these days, as many more fraud prevention controls are applied to sensitive, online processes that consumers encounter – particularly regarding things like financial transactions, employment applications or personal information discovery. The controls, from complex passwords to extra verification or multi-phase authentication steps), tend to [Read More…]

Fannie Mae to Introduce Equifax Trended Credit Data and Verification Services Into Underwriting Platform

During MBA’s Annual Convention & Expo in San Diego last month, Fannie Mae announced that in mid-2016 it will begin incorporating Equifax trended credit data, as well as the company’s verified employment and income data, into its automated underwriting platform — introducing important changes to help strengthen the home mortgage market for both consumers and lenders. Fannie Mae [Read More…]

Benefit Management Technology Transformation

On November 9, 2016, Workforce magazine will host its first annual Workforce Focus on Benefits Conference in Boston – and Equifax is thrilled to be a huge part of the inaugural event!  Just as the theme “The Technology Transformation” suggests, Workforce Focus will explore how employee benefit management is being transformed by technology. As employers [Read More…]

Mass Inheritance: Here’s What The Next Generation Of Wealth Wants From Their Bank

Financial gurus are calling it “the greatest transfer of wealth in U.S. history.” “It” is the estimated $59 billion will be transferred from older generations to younger ones all the way out to 2061, according to recent data from Boston College’s Center of Wealth and Philanthropy1. In the short-term, economists expect about $30 million of [Read More…]

Credit Unions Leverage Turnkey Business Intelligence Solutions to Help Minimize Cost Associated with Portfolio Risk Management

Expanded data and technology-enhanced analytics enable overhaul of manual processes Efficiency is essential for today’s lenders. It’s not enough to have data, lenders also must process it smartly and swiftly to effectively manage portfolio risk, adhere to regulatory requirements, and identify growth opportunities. This is especially true for credit unions that are capturing an increasing [Read More…]