Experian Australia & New Zealand (Experian A/NZ) has acquired fintech firm Look Who’s Charging, which offers information on unrecognised bank transactions.
The financial terms of the acquisition were not disclosed.
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Look Who’s Charging is integrated with several Australian banks. The customers can access the data directly through the existing digital banking applications.
The acquisition complements Experian’s open data offering with the addition of Look Who’s Charging’s advanced enrichment capabilities.
Experian A/NZ managing director Andrew Black said: “Look Who’s Charging’s forward-looking and problem-solving nature is aligned with our business and approach to innovation.
“We share the aim to help businesses and consumers make better and more informed decisions, and we are delighted to be working with a company who is truly having a positive impact on not only our financial services industry but Australian consumers too.”
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By GlobalDataLaunched in 2016, Look Who’s Charging platform provides comprehensive information on bank statement transactions. The info helps the consumers and businesses to receive better insights on their expenditures and improve decision making.
On the other hand, it enables financial institutions to reduce costs and expedite loan application process.
Look Who’s Charging founder Stuart Grover said: “With Experian’s scale, we have an opportunity to help solve more of the immediate problems faced by Australian consumers and financial institutions, whilst the Look Who’s Charging solution is also rolled out to other key markets around the world.”
