Equifax and Qlarifi Partner to Study Impact of Buy Now, Pay Later on Credit Risk and Fraud
Equifax (NYSE: EFX) and Qlarifi have announced a partnership to conduct the industry's first comprehensive study on Buy Now, Pay Later (BNPL) data's impact on credit risk and fraud prevention. The study comes as over 50% of U.S. consumers currently use BNPL services, with 35% planning to increase usage in 2025.
The collaboration will leverage Qlarifi's real-time BNPL consumer credit database to analyze data from multiple providers, focusing on loan stacking risks, predictive power of BNPL data, and consumer protection. The partnership aims to enhance credit decisioning processes and provide greater visibility into consumer financial behavior across BNPL platforms.
Equifax (NYSE: EFX) e Qlarifi hanno annunciato una collaborazione per realizzare il primo studio completo del settore sull'impatto dei dati Buy Now, Pay Later (BNPL) sul rischio di credito e la prevenzione delle frodi. Lo studio arriva in un momento in cui oltre il 50% dei consumatori statunitensi utilizza attualmente i servizi BNPL, con un 35% che prevede di aumentare l'uso nel 2025.
La collaborazione sfrutter脿 il database in tempo reale di Qlarifi sui crediti dei consumatori BNPL per analizzare dati provenienti da diversi fornitori, concentrandosi sui rischi di sovrapposizione dei prestiti, sul potere predittivo dei dati BNPL e sulla protezione dei consumatori. L'obiettivo della partnership 猫 migliorare i processi decisionali del credito e offrire una maggiore visibilit脿 sul comportamento finanziario dei consumatori attraverso le piattaforme BNPL.
Equifax (NYSE: EFX) y Qlarifi han anunciado una asociaci贸n para llevar a cabo el primer estudio integral de la industria sobre el impacto de los datos de Buy Now, Pay Later (BNPL) en el riesgo crediticio y la prevenci贸n del fraude. El estudio llega en un momento en que m谩s del 50% de los consumidores en EE. UU. utilizan actualmente servicios BNPL, con un 35% que planea aumentar su uso en 2025.
La colaboraci贸n aprovechar谩 la base de datos de cr茅dito al consumidor BNPL en tiempo real de Qlarifi para analizar datos de m煤ltiples proveedores, enfoc谩ndose en los riesgos de acumulaci贸n de pr茅stamos, el poder predictivo de los datos BNPL y la protecci贸n del consumidor. La asociaci贸n busca mejorar los procesos de toma de decisiones crediticias y ofrecer una mayor visibilidad del comportamiento financiero de los consumidores en las plataformas BNPL.
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Equifax (NYSE : EFX) et Qlarifi ont annonc茅 un partenariat pour mener la premi猫re 茅tude compl猫te du secteur sur l'impact des donn茅es Buy Now, Pay Later (BNPL) sur le risque de cr茅dit et la pr茅vention de la fraude. Cette 茅tude intervient alors que plus de 50 % des consommateurs am茅ricains utilisent actuellement les services BNPL, avec 35 % pr茅voyant d'augmenter leur utilisation en 2025.
La collaboration exploitera la base de donn茅es de cr茅dit 脿 la consommation BNPL en temps r茅el de Qlarifi pour analyser les donn茅es de plusieurs fournisseurs, en se concentrant sur les risques d'empilement de pr锚ts, la puissance pr茅dictive des donn茅es BNPL et la protection des consommateurs. Le partenariat vise 脿 am茅liorer les processus de d茅cision de cr茅dit et 脿 offrir une meilleure visibilit茅 sur le comportement financier des consommateurs sur les plateformes BNPL.
Equifax (NYSE: EFX) und Qlarifi haben eine Partnerschaft angek眉ndigt, um die erste umfassende Studie der Branche 眉ber die Auswirkungen von Buy Now, Pay Later (BNPL)-Daten auf Kreditrisiken und Betrugspr盲vention durchzuf眉hren. Die Studie erfolgt, w盲hrend 眉ber 50 % der US-Verbraucher derzeit BNPL-Dienste nutzen und 35 % planen, die Nutzung im Jahr 2025 zu erh枚hen.
Die Zusammenarbeit wird Qlarifis Echtzeit-Datenbank f眉r BNPL-Verbraucherkredite nutzen, um Daten von mehreren Anbietern zu analysieren, mit Fokus auf Risiken durch Kreditstapelung, die Vorhersagekraft von BNPL-Daten und Verbraucherschutz. Ziel der Partnerschaft ist es, Kreditentscheidungsprozesse zu verbessern und eine bessere Transparenz des finanziellen Verbraucherverhaltens auf BNPL-Plattformen zu schaffen.
- Partnership addresses growing BNPL market with over 50% consumer adoption rate
- First industry study using real-time multi-provider BNPL data
- Potential to improve credit access for consumers with limited credit history
- Enhanced ability to identify loan stacking risks in real-time
- Current lack of comprehensive BNPL data integration in credit assessments
- Increasing risk of consumer overextension in BNPL market
According to a , more than
听provides a platform designed specifically for short-term credit. The platform gives lenders a secure and simple path to furnishing data for to-the-second tracking of BNPL usage by consumers across providers. This real-time infrastructure provides secure, dynamic insights into consumer borrowing across BNPL providers allowing for the identification of loan stacking in real-time and surfacing insights specific to the BNPL industry.
"Conducting a group study with an innovative partner like Qlarifi and multiple BNPL providers will ultimately allow the industry to identify the potential to minimize loan stacking risks and trends, quantify the predictive power of BNPL data, and maximize the benefits to consumers," said Jake Osborne, Senior Vice President and General Manager of Fintech and Payments at Equifax.
As more consumers adopt BNPL, understanding the predictive impact of this data has become increasingly important to lenders and service providers. While traditional credit reports remain a strong indicator of credit history and past financial reliability, lenders are seeking the most comprehensive consumer view possible to optimize offers and inform their decisioning. This study will also explore how BNPL data can strengthen consumer protection by providing early visibility into financial stress, identifying loan stacking in real-time, and helping prevent overextension. At the same time, responsible BNPL usage can help create greater access to credit for consumers with limited credit history.
"BNPL providers and traditional lenders have been flying blind for too long," said Alex Naughton, CEO of Qlarifi. "This joint study, providing real-time data across multiple providers, will be a crucial first step in understanding how organizations can better serve the evolving needs of both the lending community and consumers by offering a more complete and transparent view of how BNPL behavior can inform credit decisioning."
For more information about how Equifax helps FinTech companies innovate and support positive outcomes, click . For more information about how Qlarifi enhances risk and fraud lending decisions with accurate, detailed and real-time data, click .
ABOUT EQUIFAX INC.听
At (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in
About Qlarifi
听is the first real-time BNPL consumer credit database. It provides insightful underwriting data for BNPL lenders via consumers' transaction history. With richer data, lenders can make more informed underwriting decisions - helping both BNPL providers and consumers. For more information, visit
FOR MORE INFORMATION:听
Tiffany Smith for Equifax
[email protected]
Emma Dunn for Qlarifi
[email protected]听
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SOURCE Equifax Inc.
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