Equifax Continues Accelerating AI Innovation; Opens State-of-the-Art Lab in Irel ...

EQUIFAX HAS BEEN PIONEERING AI INNOVATION FOR MORE THAN A DECADE and is furthering its work with the opening of its state-of-the-art AI Innovation Lab in Wexford, Ireland. The new facility, supported by the Irish Government through the Irish Development Authority (IDA Ireland), will serve as a global hub for innovation, bringing together highly skilled data and technology specialists to create next-generation AI solutions that enhance decision-making, improve customer and consumer experiences, and help global organizations reduce risk.

The AI Innovation Lab will focus on developing advanced AI models, machine learning algorithms, Research and Development, and data analytics tools to address complex challenges faced by businesses and consumers. It is dedicated to advancing the organization's global artificial intelligence research and development and expands the company's global team of over 1,200 data and analytics professionals worldwide.

"Our new AI Innovation Lab is designed to empower financial institutions with the tools needed to make smarter, faster, and more confident credit decisions, helping more consumers live their financial best," said Paul Heywood, Chief Data & Analytics Officer for Equifax Europe. "Through the AI Innovation Lab, and by harnessing our unique data and insights within the Equifax Cloud™, we are committed to delivering secure, reliable, and innovative best-in-class solutions for businesses and consumers alike."

The custom-built Equifax Cloud, a top-tier global technology and security infrastructure backed by an approximately $3 billion multi-year investment, will continue to play an important role in advancing the Equifax global EFX.AI strategy. The successful use of AI requires deep, accurate and high-quality data and central to the Equifax Cloud is its custom data fabric. The adaptable data platform unifies the enterprise's data from over 100 siloed data sources in a single, virtual structure, while enabling critical data governance measures, including data segregation, and maintaining compliance with regulatory requirements.

The Equifax Cloud and custom data fabric enable the organization to drive AI innovation and maximize its EFX.AI capabilities. AI capabilities are embedded within the Equifax Cloud to facilitate faster solution implementation, cloud-native model deployment and expedited consumer decisioning. EFX.AI and the power of the Equifax Cloud reduce friction, identify opportunities, and solve problems faster, turning what were once months-long projects into days or weeks-long resolutions.

Learn more about AI at Equifax here.