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Equifax (NYSE:EFX) has expanded its open banking offering through a new collaboration with Mastercard Open Finance.
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The partnership brings Mastercard Cashflow Analytics, Payment Risk Insights, and Transaction Report into Equifax consumer-permissioned data tools for lenders.
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Banks and fintechs can now access richer transaction-level insights to support underwriting and credit decisioning for underserved borrowers.
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There is more to Equifax than the Mastercard open banking partnership that headlines today. We have also flagged 1 warning sign for Equifax.
Other businesses are also leaning into data-heavy infrastructure for credit decisioning, so it is worth comparing them through 55 AI infrastructure stocks .
Equifax, a US based data and analytics group with a market value of about $20.9b, is using its role in credit decision infrastructure to plug Mastercard's open finance tools directly into how banks and fintechs assess individual borrowers.
3 things going right for Equifax that this headline doesn't cover.
Equifax open banking push leans into the verification and data Narrative
For investors, this Mastercard Open Finance tie up reinforces the existing Equifax Narrative that hinges on building out verification and analytics revenues and using richer data to support lenders. Plugging Cashflow Analytics and related tools into Equifax's infrastructure lines up with the catalyst around growing multi data product adoption and using EFX.AI and cloud delivery to make those products stickier for banks and fintechs. It also speaks directly to the goal of turning more of the thin file and credit invisible population into customers for The Work Number and other verification services, while mortgage and regulatory risks remain in the background.
See how these catalysts shape Equifax's path to a $195 fair value .
The key thing to watch now is how much of Equifax's reported revenue in upcoming quarters is tied to open banking and consumer permissioned cash flow products, especially as the firm works through its updated 2026 guidance range of US$6.646b to US$6.676b and heads into the Q4 2026 revenue window of US$1.605b to US$1.635b.
Add Equifax to your Watchlist and get alerts as these catalysts play out.
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Companies discussed in this article include EFX .
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