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      Equifax Expands Open Banking Solutions with Mastercard Partnership

      Equifax, a global data and analytics company based in the United States, is enhancing its open banking offerings by integrating consumer-permissioned insights through a collaboration with Mastercard. This partnership aims to provide lenders and financial technology companies with greater flexibility in selecting their open finance providers while utilizing Equifax's consumer credit file.

      The integration of Mastercard Open Finance will allow lenders to access more comprehensive consumer data, which can improve decision-making processes in lending. This move is part of Equifax's strategy to broaden its open banking solutions and meet the evolving needs of the financial services industry.

      By leveraging Mastercard's capabilities, Equifax seeks to empower lenders with enhanced insights into consumer financial behavior, ultimately facilitating more informed lending practices. This initiative reflects the growing trend towards open finance, where consumer data is shared with permission to foster innovation and competition in the financial sector.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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