Equifax Inc.

07/08/2024 | Press release | Distributed by Public on 07/08/2024 20:43

Stronger Together: One Year Anniversary of Boa Vista Serviços Acquisition

ONE YEAR AGO EQUIFAX COMPLETED THE ACQUISITION OF BOA VISTA SERVICOS, the second largest credit bureau in Brazil. The merger was the start of an exciting new global chapter for both Equifax and Boa Vista Serviços customers and employees - offering Boa Vista Serviços access to expansive Equifax international capabilities and cloud-native data, products, decisioning and analytical technology for the rapid development of new products and services, and expansion into new vertical industries.

Equifax has long been a part of the Boa Vista story, having been invested in the company since 2011. With an in-depth understanding of global credit needs, Equifax is driving cloud-based innovation in consumer credit, commercial credit, and digital enablement that spans geographies. Approximately 34 million consumers are unbanked or underbanked in Brazil, making the work we do critically important to helping drive financial opportunity.

The company's Equifax Cloud™ transformation enables Equifax to scale and adapt for the specific needs of the countries in which it operates. It further enables the sharing of learnings and strengths from each region to help other regions identify and execute effectively on new growth opportunities. The Equifax Cloud, combined with unique Equifax data assets, leading decisioning and analytical solutions, and Identity and Fraud solutions is helping to accelerate the digital transformation and increase the scale of the Equifax Boa Vista business for continued success - meeting the evolving needs of both consumers and lenders in Brazil.

Hear from Márcio Fabbris, CEO of Boa Vista, about the acquisition.