--- title: "Worth AI And Equifax Enter Strategic Relationship To Help Improve Underwriting And Risk Management For Small Businesses" description: "Worth AI and Equifax have formed a strategic relationship to improve underwriting and risk management for small businesses. Worth AI's AI-powered risk management platform will utilize Equifax's data s" type: "news" locale: "en" url: "https://longbridge.com/en/news/201359489.md" published_at: "2024-04-05T15:35:46.000Z" --- # Worth AI And Equifax Enter Strategic Relationship To Help Improve Underwriting And Risk Management For Small Businesses > Worth AI and Equifax have formed a strategic relationship to improve underwriting and risk management for small businesses. Worth AI's AI-powered risk management platform will utilize Equifax's data solutions to provide lenders with access to business credit information and consumer reports. This partnership aims to increase approval ratings and make faster credit decisions for small businesses. *AI-powered risk management, coupled with access to unique data, accelerates processing time and increases business credit approval rates* ORLANDO, Fla., April 5, 2024 /PRNewswire/ -- Worth AI, a newly launched, AI-powered risk management platform, led by unicorn founders Sal Rehmetullah and Suneera Madhani, today announced a strategic relationship with Equifax to provide underwriting solutions that help small businesses secure the capital, and financial services they need. As part of the agreement, Worth AI will augment its expansive data capabilities with access to differentiated data from Equifax, including business firmographics, business credit attributes and business principal information on millions of U.S. businesses. Additionally, Worth AI will utilize Equifax commercial data solutions to provide lenders with access to business credit information and consumer reports on business principles in accordance with the requirements of the Fair Credit Reporting Act (FCRA), to enable greater visibility into the financial health of the business. The combination of more data points and improved management capabilities is designed to help banks, credit unions and financial solution providers increase approval ratings and make faster, more informed credit decisions. "At Worth AI, our goal is to foster strategic partnerships with esteemed companies like Equifax, a global leader in data and analytics, to revolutionize how small businesses operate," said Suneera Madhani, Founder and co-CEO of Worth AI. "Aligning Equifax's data solutions with the Worth AI platform will speed the process of securing unbiased lines of credit for businesses that are equitable." Small businesses are a vital part of the U.S. economy and statistics show that less than 20 percent are approved for loans through large banks. Worth AI aims to improve loan and credit approval rates by leveraging transparent AI technology to expand the factors used to calculate a business credit score: The Worth Score®. Utilizing non-traditional signals, Worth AI provides a comprehensive view of a company's overall viability and business health to improve decision-making, foster inclusivity, and create opportunities for small business owners and lenders. "Together, the innovative solutions from Worth AI and industry-leading differentiated commercial data from Equifax will help facilitate a more transparent underwriting process to improve the funding climate for small businesses, helping them to potentially expand their footprint and positively impact their local economies," said Melinda McBride, SVP Partnerships for Equifax. ### Related Stocks - [EFX.US - Equifax](https://longbridge.com/en/quote/EFX.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Equifax National Market Pulse Data Shows U.S. Consumer Debt Accelerating \| EFX Stock News | Equifax's Market Pulse report reveals that U.S. consumer debt accelerated to $18.20 trillion by December 2025, with a no | [Link](https://longbridge.com/en/news/276788691.md) | | BUZZ-BofA upgrades Equifax on strong outlook for employment verification | BofA Global Research has upgraded Equifaxfrom "neutral" to "buy," citing a strong outlook for its Workforce Solutions un | [Link](https://longbridge.com/en/news/276149261.md) | | 16:20 ETEquifax Delivers Optimal Path™ Directly to U.S. Consumers via the myEquifax Mobile App | Equifax has launched Optimal Path™, an interactive credit score planner, available for free through the myEquifax mobile | [Link](https://longbridge.com/en/news/276169958.md) | | BofA Securities upgrades Equifax, Transunion | BofA Securities upgrades Equifax, Transunion | [Link](https://longbridge.com/en/news/276136553.md) | | These Analysts Cut Their Forecasts On Equifax After Q4 Earnings | Equifax Inc (NYSE:EFX) reported Q4 earnings with adjusted EPS of $2.09, surpassing estimates of $2.05, and sales of $1.5 | [Link](https://longbridge.com/en/news/274991060.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.