News

September 07, 2012

Equifax provides security checks for Bank to the Future

Bank To The Future – the innovative new crowd-funding platform aimed at entrepreneurs, start-ups and SMEs – is working with Equifax in order to protect lenders, borrowers and investors from the risk of fraud.

The consumer credit information specialist is providing BankToTheFuture.com with consumer risk data and ID verification solutions so that users of the site can be sure that entrepreneurs and investors are who they say they are.

The innovative funding platform, supported by Richard Branson, brings together those looking to invest in business and those businesses requiring finance, allowing them to arrange finance between themselves and bypassing traditional loan systems. Bank To The Future highlights the most exciting ventures by analysing data from social networks such as Facebook, LinkedIn, Twitter and Google+.

Now its partnership with Equifax means its members will be protected by risk data and ID verification to help reduce the risk of fraud and potential debt.

Simon Dixon, CEO of BankToTheFuture.com said: "The success of our service depends on us being able to provide a safe trading environment for our members, and our partnership with Equifax offers us that security. BankToTheFuture.com offers start-ups and smaller businesses new sources of funding, backed by a robust verification system powered by Equifax."

Shawn Holtzclaw, managing director of Equifax said: "The exciting crowd-funding market is growing rapidly, giving businesses more choice to gain access to credit. But, of course, it is crucial to minimise the risk to those who choose to get involved in this new funding channel."