Equifax Partners with Qlarifi to Investigate Impact of Buy Now, Pay Later on Credit Risk Assessments

Equifax Inc, a leading credit reporting agency, has forged a strategic partnership with Qlarifi to conduct a comprehensive joint study on the effects of Buy Now, Pay Later (BNPL) reporting on credit risk assessments and fraud prevention. This collaboration comes at a pivotal moment, as over 50% of U.S. consumers currently utilize BNPL services, with a significant surge in adoption planned for 2025.

The study aims to provide actionable insights into the impact of BNPL on credit risk and fraud prevention, which could have a profound impact on Equifax’s business. As the BNPL market continues to grow, Equifax is poised to capitalize on this trend by providing valuable data and analytics to lenders and financial institutions.

Subprime Credit Delinquencies on the Rise

In related news, subprime credit delinquencies have increased, with a 2.5% year-over-year rise in late-stage subprime delinquencies. This trend is concerning, as it indicates growing repayment distress among consumers with lower credit scores. However, the overall impact on Equifax’s stock price remains uncertain.

Despite the rise in subprime delinquencies, Equifax’s stock price has remained relatively stable, with a recent close price of around 240.95 USD. This stability is a testament to the company’saniona bolaget Saniona har rusar på assistant

19235512955087,19170841803,19235512981,19235512981,19235575459,19236645013,19236878959