Equifax Limited, the consumer and business insights expert, and ENSEK, a leading UK energy solutions company, have formed a joint partnership to support identity verification and credit assessment services for new-to-market energy suppliers.
The integration between Equifax and ENSEK will supply real-time consumer and commercial data to energy providers, enabling them to onboard new customers more efficiently as part of an automated process. The insight provided will give energy firms a better understanding of customers at the point of registration, helping to mitigate the risk of fraud and bad debt. As a contribution to a consumer’s credit history, it could also be an attractive proposition for those looking to improve their score. The solution is offered within ENSEK’s advanced technology platform, and its clients will benefit from seamless integration of Equifax insights into their customer registration process.
Rebecca Hammond, Head of Utilities at Equifax, said: “The energy sector continues to evolve at a rapid pace and undergo significant change, particularly with the growth of new market entrants, increased switching volumes and smart metering implementation. Coupled with the fact that energy suppliers are under evermore political pressure to increase engagement with customers, avoid price rises and cap prices for the most vulnerable. This partnership with ENSEK is a further demonstration of our commitment to supporting the energy sector, by offering solutions that allow smaller providers to grow sustainably, and provide their domestic and business customers with confidence in the accuracy and efficiency of the switching and onboarding process.”
Jon Slade, CEO at ENSEK, said: “ENSEK is transforming the way suppliers interact with the industry and its end customers. As a leading Credit Bureau, Equifax are an ideal partner, and through the integrated solution we’ve developed we will be further empowering our clients’ ability to serve their customers better through data. ENSEK has lowered the barrier to entry through its use of modern technology and industry expertise. The additional insights gained from the integration with Equifax will provide new entrants and those looking to challenge the status quo with compelling and competitive offers for the end consumer – from unique credit focussed products to the proactive management of debt and fraud.”
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For further information, please contact:
Sonam Patel, Alastair Doyle
Telephone: +44(0) 20 3697 4200
Equifax is a global information solutions company that uses trusted unique data, innovative analytics, technology and industry expertise to power organizations and individuals around the world by transforming knowledge into insights that help make more informed business and personal decisions. The company organizes, assimilates and analyses data on more than 820 million consumers and more than 91 million businesses worldwide, and its database includes employee data contributed from more than 7,100 employers.
Headquartered in Atlanta, Ga., Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor’s (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 9,700 employees worldwide.
Some noteworthy achievements for the company include: Named to the Top 100 American Banker FinTech Forward list (2015-2016); named a Top Technology Provider on the FinTech 100 list (2004-2016); named an InformationWeek Elite 100 Winner (2014-2015); named a Top Workplace by Atlanta Journal Constitution (2013-2016); named one of Fortune’s World’s Most Admired Companies (2011-2015); named one of Forbes’ World’s 100 Most Innovative Companies (2015-2016). For more information, visit www.equifax.com.
Equifax Limited is one of the Equifax group companies based in the UK. Equifax Limited is authorised and regulated by the Financial Conduct Authority.
ENSEK was formed in 2010 and has established itself as a leading provider of technology solutions, managed services and advisory in the UK energy market.
ENSEK began by addressing the complexity in the industry with a powerful data reconciliation platform that demystifies the settlement process and enables true customer level accounting. Leveraging this data driven foundation, ENSEK then built out the capability to drive intelligent exception management, enabling operational teams to prioritise tasks based on their materiality.
ENSEK has now extended its breadth of capability to deliver an end to end retail energy supply solution and now provides one of the most comprehensive market entry solutions available today – Ignition – offering fully accredited off-the-shelf companies that provide new entrants with ENSEK’s proven market leading tools and outsourced services from day one.
Working across the market, from the Big 6 through to independents and new entrants, ENSEK’s leading software and services are enabling a step change in the way suppliers operate; increasing competition, lowering the barrier to entry, and empowering suppliers to deliver a better service to their customers. For more information, visit www.ensek.co.uk