Furthering its previously announced alliance with Equifax Inc., HNC Software Inc. said it has entered into a long-term marketing and product development agreement with Equifax Canada Inc.
With the combined technologies, Canadian lenders would be offered access to enhanced risk scores as part of credit reports.
Lee Martin, HNC's vice president of worldwide strategic relationships, called it "another example of the synergy that the two companies get from our strategic alliance. We are beginning to realize our mutual goal of bringing the best information and decision processing solutions to the marketplace."
"A key part of our business is helping reduce Canadian credit grantor losses," said Veronica Maidman, president, Equifax Canada. "By coupling HNC's expertise in predictive scoring technology with Equifax's vast information resources, we plan to develop innovative new products that will quickly become a first line of defense against credit loss."