Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Equifax Signs Share Purchase Agreement for Its Indian Subsidiary Leading to 100% Ownership

Equifax, a global data, analytics and technology company, announced that it has signed a definitive agreement to increase its ownership of Equifax Credit Information Services Private Ltd. (ECIS) to 100%. ECIS is a leading Indian credit information company. The transaction emphasizes Equifax’s proactive investment in the Indian lending industry.

Read More: BlackBerry Collaborating with AWS to Demonstrate Safe, Secure, and Intelligent Connected Vehicle Software Platform for In-Vehicle Applications

Since 2010, ECIS has operated as a joint venture between Equifax and leading Indian financial institutions, including State Bank of India, Bank of Baroda, Bank of India, Kotak Mahindra Prime Limited, Sundaram Finance Limited and Union Bank of India. Following this transaction, ECIS will be 100% owned by Equifax.

Related Posts
1 of 40,859

“This investment represents the strong confidence that Equifax has in India’s economy and ECIS’s growth potential,” said Mark W. Begor, Equifax CEO. “We appreciate the support of our joint venture partners, customers and employees over the last decade in India. This transaction emphasizes Equifax’s focus on expanding our footprint globally as a leader in differentiated data, advanced analytics, and technology that create innovative solutions and insights for our customers.”

Read More: Allied Wallet China and Founder Andy Khawaja Plan to Implement Blockchain Technology in 2020

Over a decade of presence in India, ECIS has brought many innovations in data and analytics to the Indian lending space. It is now a full service credit bureau offering its services to all segments of the lending industry – Retail Banking, Microfinance Institutions (MFI) and Commercial.

Read More: CES 2020: SecuX Launches the World’s First All-in-One Cryptocurrency Retail Payment Solution Built with Blockchain Hardware Wallet

3 Comments
  1. Iron scrap processing plant says

    Metal salvage yard solutions Ferrous material service excellence Iron reprocessing center

    Ferrous material balers, Iron scrap reclamation and repurposing, Scrap metal remanufacturing

  2. Copper recycling technologies says

    Recycled copper raw materials Copper scrap purification processes Scrap metal regulations
    Recycling Copper cable scrap, Scrap metal recovery yard, Copper recycling center

  3. Sustainable metal recovery practices Ferrous metal warehousing Iron recyclers

    Ferrous metal recycling guidance, Iron recycling and reusing, Metal recycling and recovery

Leave A Reply

Your email address will not be published.