13 Jun 2016

Wonga appoints Equifax to provide additional customer insight

Wonga has appointed Equifax, the consumer and business insights expert, to support its commitment to responsible lending and treating customers fairly.

Wonga has added a range of Equifax solutions to its existing decision technology and use of credit referencing information. The insight gained will enable the short-term lender to continue accurately assessing affordability and detecting fraudulent applications.

Craig Tebbutt, Head of Alternative Lending, Equifax, says: “To be appointed by Wonga is testament to our expertise and knowledge in the alternative lending market. Our growing presence in the short-term lending sector means we’re ideally placed to support them.”

Nick Brookes, Chief Credit Officer, Wonga Group, says: “We have appointed Equifax to complement our existing credit reference agency partner after conducting rigorous testing.”