Experian's fraud prevention and alternative data solutions are now integrated into PayLaterr's platform.
PayLaterr and Experian Partner to Enhance Financial Inclusion and Fraud Prevention
PayLaterr, a financial service provider, has announced a partnership with Experian, the global information services company, to empower a broader customer base with smarter, more inclusive budgeting insights and enhanced fraud prevention measures.
This collaboration aims to improve PayLaterr's fraud prevention capabilities by integrating Experian’s advanced identity and behavioral analytics. This integration will enable real-time detection and prevention of fraudulent activities on PayLaterr’s platform, providing greater security for users.
In addition, the partnership leverages alternative data sources—such as utility payments, rental history, and subscription behavior— to better assess users’ financial habits, especially benefiting consumers without traditional credit histories. This approach increases security for users while providing more inclusive and accurate budgeting tools, thereby promoting financial inclusion for typically underserved populations.
Shelleyanne Rein, the vice president of partnerships at Experian, said, “We are excited to partner with PayLaterr to help more consumers manage their money with confidence and control. By utilizing non-traditional financial data, PayLaterr can evaluate credit-invisible consumers, offering them tailored budgeting recommendations and access to flexible payment options for essential bills such as rent and utilities.”
The partnership streamlines onboarding and provides smarter budgeting insights, helping consumers manage their money more effectively. The rollout to all PayLaterr users is expected by Autumn this year.
Akeem Egbeyemi, the CEO of PayLaterr, added, “We are committed to financial inclusion, and this partnership with Experian will help us expand financial access to credit-invisible populations. Our services, including rent, car payments, and utilities, will now be more accessible to a broader clientele, thanks to Experian’s expertise in data analysis and fraud prevention.”
This integration is a significant step forward for both companies, marking a commitment to making financial services more accessible and secure for all consumers.
[1] PayLaterr Press Release, 2022. [2] Experian Press Release, 2022. [3] Plaid Press Release, 2021. [4] PayLaterr Blog Post, 2021. [5] Experian Blog Post, 2022.
Read also:
- Condor Reveals Q2 Results for 2025 and Secures a $5 Million Bridge Loan
- More than half of British homes adhere to insulation standards established during the 1970s.
- While Éowyn's storm caused a massive €301 million in damages, fossil fuels maintain their position as the leading power source.
- Transition in Energy: Merz Administration Plans Enactment of Heating Revolution from 2026
