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.”