N&P extends Equifax deal

Norwich & Peterborough Building Society (N&P), has agreed an existing partnership with credit risk management expert, Equifax.

The new four year deal strengthens the longstanding relationship between N&P and Equifax – the two companies have been working together for almost 15 years – and will see Equifax delivering a range of solutions to support N&P’ s continued focus on the consumer mortgage and banking markets.

Equifax provides N&P with credit risk assessment, identity verification and anti-money laundering checking services and customer management and debtor tracing.

The new four-year contract gives N&P access to Equifax consumer credit risk data on an on-going basis.

In particular, N&P will be making use of the new enhancements to Equifax’s Locate tool for tracing debtors. The lender will also be integrating the Equifax Insolvency Navigator scores into its application processing systems.

Andrew Reading, lending manager at Norwich & Peterborough Building Society, said: “We are delighted to continue working with Equifax, building on a highly successful, long-term partnership. Equifax provides us with an unrivalled quality level of risk management tools that enable us to do business in an unstable market. Our partnership with Equifax allows us to manage our business based on the best credit data in the marketplace.”