Top fintech stories this week – 22 September 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Equifax breach fallout far-reaching


The fallout from Equifax’s data breach, which compromised personal data of 143 million US consumers, continues with an investigation by the US Federal Trade Commission (FTC) and Mastercard and Visa warning issuers that more than 200 million cards are at risk.

Cyberattack on Equifax threatens 143m US consumers

Equifax Canada

Information specialist Equifax has revealed a cybersecurity incident potentially impacting approximately 143 million US consumers. It says criminals exploited a US website application vulnerability to gain access to certain files. Based on the company’s investigation, the unauthorised access occurred from mid-May through July 2017. The company has found “no evidence of unauthorised activity on Equifax’s […]

FIS and Equifax want you to say goodbye to passwords

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FIS has joined forces with information specialist Equifax to create OnlyID, a digital authentication solution that enables consumers to make secure transactions across multiple online accounts without passwords, reports Banking Technology‘s sister publication Paybefore. OnlyID provides “a single, secure digital log-in,” consisting of the consumer’s thumbprint or another unique identifier. The two companies jointly offer the […]

Equifax forms new alliance to develop open banking products

Equifax Canada

Equifax, credit information provider Castlight and Oakbrook Finance, the owners of consumer loan brand Likely Loans, have teamed up to develop new products for the 2018 open banking initiative. Under open banking, Equifax says bank transaction data will play a crucial role in lending decisions. Lenders will have access to real-time and historic account and […]

Equifax launches real-time business ownership data service


Equifax, the consumer and business information specialist, has launched a new service providing real-time, integrated data on companies and the individuals who own and run them.