Equifax (EFX) and FICO Team Up for Data Decisions Cloud
Equifax Inc. EFX and Fair Isaac Corporation (“FICO”) yesterday announced the launch of an end-to-end data and analytics suite — Data Decisions Cloud. The solution combines Equifax Ignite platform differentiated data and analytic management, FICO Cloud applications and the FICO Decision Management Suite (DMS).
The suite is aimed at enabling financial institutions to address needs across risk, marketing and fraud and optimize interactions with customers. Organizations will be able to explore differentiated data, obtain deep new insights, develop highly-predictive models and quickly deploy decisions into production systems across the customer lifecycle.
The duo is planning to release three pre-built solutions later this year — a connected system for real-time access to raw and trended data; a compliance-as-a-service solution; and an integrated, pre-screen marketing automation solution.
“Two industry leaders are joining forces to help financial institutions better meet the needs of consumers and improve business agility," stated Mark W. Begor, CEO of Equifax.
Shares of Equifax have gained 22.9% year to date, outperforming the 20.2% increase of the industry it belongs to.
Equifax’s offerings have been of great importance to its customers. Product innovation and continued investments in expansion of Ignite analytics and linking platforms globally are top priorities for Equifax and part of its technology transformation endeavor. We believe that a solid product portfolio and a clear understanding of the sector will keep Equifax ahead of its peers.
Zacks Rank & Stocks to Consider
Equifax currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are Booz Allen Hamilton BAH, with a Zacks Rank #1 (Strong Buy), as well as Automatic Data Processing ADP and Copart CPRT, each carrying a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term expected EPS (three to five years) growth rate for Copart, Booz Allen and Automatic Data Processing is 20%, 14.6% and 13%, respectively.
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Equifax, Inc. (EFX): Free Stock Analysis Report
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