Equifax Inc., a global data, analytics and technology company, has announced a joint collaboration with FinTech Sandbox to help drive global FinTech innovation. Startups can now leverage various forms of consumer and commercial data from Equifax in an effort to help these new businesses develop products for the benefit of the industry and consumers.
Nonprofit FinTech Sandbox promotes innovation in the financial sector by making data and infrastructure available to well-qualified FinTech startups. In return, Sandbox startups collaborate with current and past residents by sharing learnings and advancements with respect to the FinTech ecosystem. Participating startups pay no fees and no equity is taken.
In addition to data, Equifax will give analytical support to the Sandbox by allowing access to its Ignite® portfolio of premier data and advanced analytics solutions. The portfolio securely and comprehensively supports the full analytical lifecycle – from data access and transparency to visualization and deployment – using a single, connected suite of advanced analytics processes, technology and tools.
Equifax has earned a spot on the IDC FinTech Rankings list consecutively for the past 15 years since it has been produced. It is the most comprehensive vendor ranking within the financial services industry.
About FinTech Sandbox
FinTech Sandbox is a Boston-based nonprofit that promotes financial technology innovation globally by providing free access to critical data and resources to FinTech entrepreneurs. Sponsors include Amazon Web Services, Fidelity Investments, F-Prime Capital, Franklin Templeton, Intel, State Street, Refinitiv, EY, and Goodwin Procter.
Source: PR Newswire Press Release