Equifax Introduces OnboardConnect to Streamline Business Transactions
According to the U.S. Census Bureau, roughly 4.3 million new business applications were filed in 2020, nearly one million more applications than in 2019. By consolidating and analyzing some of the most comprehensive data attributes in the market, OnboardConnect helps lenders and merchants speed time to authenticate and verify new and current business customers and streamline the business-to-business onboarding process. This can enable new financial opportunities for new business customers that may have otherwise been overlooked.
"The faster pace of business transactions, paired with a shift from in-person to digital interactions, has necessitated quicker and more accurate authentication of prospective business customers," said
OnboardConnect was created to eliminate the need for organizations to piece together multiple single-point solutions and manually assess new business account applications. Instead, OnboardConnect brings business verification, compliance and credit solutions together in a single API platform that can also be accessed in a modular fashion to address specific challenges. The solution provides pre-built data integrations to help drive more rapid decisions and a scalable approach to help businesses realize immediate results.
OnboardConnect is available now. To learn more about Equifax Commercial solutions, visit our website.
About Equifax Inc. (EFX)
At Equifax (EFX) , we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in
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SOURCE Equifax Inc. (EFX)