Worth AI And Equifax Enter Strategic Relationship To Help Improve Underwriting And Risk Management For Small Businesses
Portfolio Pulse from Benzinga Newsdesk
Worth AI and Equifax have entered a strategic partnership to enhance underwriting and risk management for small businesses. This collaboration will leverage Worth AI's AI-powered platform and Equifax's unique data, including business firmographics and credit attributes, to improve loan approval rates and processing times. The partnership aims to provide more comprehensive business credit scores and foster inclusivity by utilizing non-traditional signals for a more transparent underwriting process.

April 05, 2024 | 3:35 pm
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Equifax partners with Worth AI to enhance small business lending with unique data and AI technology, aiming to improve loan approval rates.
The partnership with Worth AI positions Equifax to expand its offerings in the small business lending market, potentially increasing its customer base and revenue from commercial data solutions. The use of AI and unique data is likely to enhance Equifax's product appeal, improving loan approval rates and processing times for small businesses. This strategic move could positively impact Equifax's stock in the short term as investors may view the partnership as a growth opportunity in the fintech space.
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