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Enhancing Fraud Prevention in Poland

In an effort to bolster fraud prevention and enhance customer identity verification, Equifax UK has officially partnered with Biuro Informacji Kredytowej S.A. (BIK), the primary credit bureau in Poland. This strategic partnership aims to provide businesses with the tools necessary to combat increasingly sophisticated fraud schemes and secure the customer journey.

The collaboration will allow BIK access to Equifax's advanced identity and fraud prevention services, thereby improving its existing framework. By integrating Equifax's global data with BIK's specialized behavioral verification techniques, this union delivers an upgraded defense against complex threats such as identity theft and AI-driven fraud. This tailored approach enables companies to analyze interaction patterns in real-time, ensuring a seamless and secure experience that not only protects genuine customers but also detects illicit activities with enhanced accuracy.

Benefits for the Financial Ecosystem

The partnership is poised to benefit the entire financial ecosystem by equipping lenders, businesses, and consumers with modern capabilities for identity verification and fraud management, making customer journeys safer and more efficient. This collaboration also reflects a broader trend within the industry towards data-driven risk assessment and financial inclusion. It encourages the use of richer data sources to improve decision-making for underserved populations.

David Bernard, CEO of Equifax UK, emphasized the necessity for resilient protection strategies in today's increasingly sophisticated landscape of identity threats and fraud. He stated, “This strategic partnership empowers Equifax to leverage BIK's behavioral insights, combining them with our extensive data resources. By equipping our clients with the advanced tools they need to protect their customers and foster safer digital interactions, we strengthen the security ecosystem not only in Poland but also in the UK and beyond.”

Mariusz Cholewa, CEO of BIK, highlighted that effective fraud prevention increasingly relies on the convergence of multiple signals. By combining Equifax's digital intelligence solutions with BIK's behavioral verification skills, the partnership can aid customers in reinforcing their defenses against evolving threats while ensuring a secure and flawless experience. With access to Equifax's cutting-edge capabilities, BIK is also excited to expand its offerings for the Polish market.

About Equifax

Equifax believes that knowledge is the driving force behind progress. As a global data, analytics, and technology company, Equifax plays a critical role in the world economy by helping financial institutions, businesses, employers, and government agencies make crucial decisions with greater confidence. Its unique combination of differentiated data, analytics services, and cloud technology enables data-driven decisions that often move the needle. Based in Atlanta and employing nearly 15,000 people globally, Equifax operates or has investments in 24 countries across North America, Central and South America, Europe, and the Asia-Pacific region.

Equifax Ltd. in the UK is one of the companies under the Equifax group. This division is authorized and regulated by the Financial Conduct Authority. For more information, visit equifax.co.uk or follow the company on LinkedIn.

About BIK

As a member of the Association of Consumer Credit Information Suppliers (ACCIS), BIK is Poland's only consumer credit bureau. BIK supports the security of financial institutions and their clients by providing a secure system for exchanging economic and credit information and innovative fraud prevention solutions. BIK offers sector-specific solutions including an anti-fraud platform, cyber-fraud detection platform, behavioral verification platform, and an Environmental, Social, and Governance (ESG) verification platform. BIK collects and disseminates data on credit histories of individuals and entrepreneurs across the credit market as well as data on non-bank loans. The organization boasts high expertise in market analysis and modern technologies, merging the characteristics of a modern tech company with the reliability attributes of a public institution. For more details, visit bik.pl or follow the company on LinkedIn.