Equifax Credit Risk Insight helps lenders build models help monitor delinquency, default, loss severity and mortgage borrower credit health trends at the loan level, across zip codes, vintages and market segments.
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Trust Swiftly
Score 9.6 out of 10
Small Businesses (1-50 employees)
In
an era where digital transactions and interactions have become the norm,
ensuring the security and trustworthiness of online identities has become a
paramount concern for businesses. Trust Swiftly is an identity
verification service that aims to simplify and enhance the process of user
authentication. By leveraging advanced technologies and robust security
measures, Trust Swiftly helps businesses to establish…
Equifax Credit Risk is great for getting consumer credit reports online, pre-filled business reports online, and sometimes searching for corporate reports online. Equifax Credit Risk is not suitable for cases where the customer provides the credit application requesting to update banking and business reference information.
The software is used well for us since we wanted to cut down on incorrect invoicing and fraudulent purchase orders from our distributors. We were dealing with some fake transactions that then were sent through our sales pipeline and ultimately were paid out. For businesses that are looking for 3rd party verifications to prevent these types of mistakes it has worked well.
Some of the top parts is the speed at which the checks can be completed. Usually customers get notified right away and then complete it within a few minutes. Other solutions we had to wait a long time for the customer to fill out the information needed.
We also liked the pricing structure as it fit our budget and allowed us to have enough security without giving up many features. This balance was important to see what we needed to pay extra for such as lookups on government databases.
Having the branding and customization was another benefit as we could match all the themes and different collection points to our own tools.
Trust Swiftly was simply easy to get started. The amount of settings and choices overwhelmed us at first but it made since now that we dealt with a lot of fraud. Having each verification allows us to expand our operations to more customers and our team feels comfortable logging in each day to use..
Equifax Credit Risk has a quick platform that is constantly evolving with the objective of benefiting the direct client, reducing response time to the end client. I like that its platform is easy to use and very intuitive. It is very secure because it uses different confirmation methods to log in with your users each time they need to log in.
We only briefly checked some other options but mostly they were unable to meet the requirements of our industry of payments. There were no tools that could do payment verification for us, so that is what made us select trust swiftly first. The other costs and pricing were not clear so we went with the most open pricing.
Our business has been able to save on fraudulent withdrawals from winnings by using the tool. We already caught a few cases where we would have lost thousands of dollars. It was a immediate impact and the savings were easily worth it in the grand schemes of things.
We saw a spike on sucessful signups too since before we had more of a slow manual process to onboard and withdraws. After putting it in place we could expand the processing and get faster payout times.
