Equifax Ignite® for Financial Services Reviews & Product Details

Equifax Ignite is helpful in credit analytics, modeling and reports with a variety of data sources. The access to not just bureau data but also alternative data is essential in creating more comprehensive credit evaluation. The data are also frequently updated, so staying up to date was never an issue during my analyses. I also love the analytical environment that the Equifax Ignite has. With the BigQuery and Jupyter Notebook, I was able to handle tasks that required high computational power. In addition, the support team gave out clear instructions to assist onboarding, and it was a pleasant experience. Review collected by and hosted on G2.com.

It might be a bit overwhelming at the beginning due to the number of resources available. However, the support team was super responsive and quickly got us up to speed on navigating the platform. Review collected by and hosted on G2.com.

Equifax Ignite has a large amount of data for research, that updates regularly so that customers have the most recent data to analyze. It also has both Jupyter Notebook and BigQuery, which allows for complex analysis. Additionally, the customer service is great. Anytime I email with questions or requests, Equifax is always quick to respond and very helpful. Review collected by and hosted on G2.com.

Given that there is a lot of data on the Ignite Platform, it is important to understand how to filter the data you may need for analysis. Without background the sheer amount of data can be overwhelming for new users, but the Equifax Data Dictionaries can be very helpful in learning how to filter and analyze the correct data for your purpose. Review collected by and hosted on G2.com.

equifax Ignite® offers robust data analytics and visualization tools that are incredibly helpful for making informed financial decisions. The platform’s ability to integrate various data sources seamlessly and provide real-time insights is a major upside. Review collected by and hosted on G2.com.

he initial setup and integration process can be somewhat complex and time-consuming. Additionally, the learning curve for new users can be steep, requiring comprehensive training to fully utilize all features. Review collected by and hosted on G2.com.

The customer support always get back to you as quick as possible. Review collected by and hosted on G2.com.

Could use a clearer data dictionary for database. Review collected by and hosted on G2.com.

2nd Order Solutions (2OS) advises lending Financial Institutions on the latest trends in the consumer credit industry. Publicly available data and reports only scratch the surface but with Equifax Ignite, we can unlock new insights with more granular data, displaying custom made graphs and disrupting the credit industry insights currently available by other companies. Ignite empowers us to understand pockets of credit risk or opportunities within different groups, and within asset classes; this understanding can then be used to inform our clients decisions and build better models to inform their credit policies. For instance, Ignite empowers us to pinpoint opportunities by analyzing alternative data, like utility and rental payments, helping us identify creditworthy prospects who may lack extensive credit histories and would otherwise not be eligible for a lending product. Lastly, we have really enjoyed the effective customer support offered by the Equifax Ignite team. They quickly resolve any data quality issues. Despite the vast and complex corpus of datasets, their clear documentation and the Analytics team's prompt assistance has made it a great experience. he platform is user-friendly and easy to use. The Equifax team is always open to adding new datasets and labeling niche asset class if needed for a new use case or analysis. Review collected by and hosted on G2.com.

We are more than pleased with the platform! Review collected by and hosted on G2.com.

- Access to diverse consumer credit datasets.

- Prompt and helpful customer support.

- Access to high performance computing clusters for big data analysis.

- Thorough documentation and a customer support portal. Review collected by and hosted on G2.com.

- Initial learning curve but that is to be expected with a new product. The team has been helpful in figuring things out and the documentation is expanding.

- Some initial data quality issues which is to be expected with a new product but the team has been prompt in resolving them.

- Overall, really happy with the product and would highly recommend it. Review collected by and hosted on G2.com.

The granularity and specificity of the Equifax Ignite data, along with the intuitive and creative data elements, is what makes it stand out among other data sources available for financial services consultants. I was recently involved in extensive research regarding the restart of federal student loan repayment, and there was no question that we couldn't answer with the Equifax Ignite tools in hand. The tradeline level data had useful historical features that helped us tease out complex patterns across massive swaths of the population. Importantly, my colleagues and I were able to onboard to the system and get accustomed to the various tools in a short period, greatly reducing the time it took our team to produce this time-sensitive paper. We appreciated the one-on-one support and attention that was available to us from the Equifax Ignite team whenever questions arose. In my experience, the Equifax team is quick to adopt new practices and ideas regarding data organization and utilization, making for an agile ecosystem that my firm takes advantage of to the great benefit of our analysts and clients. Review collected by and hosted on G2.com.

When I first tried to gain access to the system, I had some issues logging on. However, when I wrote to the Equifax Ignite user team, I received a nearly instant response that was helpful and straightforward and I was able to log on easily afterwards. Perhaps the onboarding documentation has since been refreshed, but anyway this was not a major delay in my work. Review collected by and hosted on G2.com.

Access to a lot more consumer credit data (in terms of size and types of data) than paying for a data dump at the same budget. It was perfect for us to prototype our ML and risk model (since we had no idea what features would be important). Ignite is built on top of GCP, so we were able to leverage BigQuery and Jupyter Notebook + Spark for quick iterations from the get-go. Review collected by and hosted on G2.com.

It is a closed ecosystem for data protection, but it also means that we were limited to the tools provided by the platform. So for production, we might still get data dumps, but with the help of Ignite, we now have a better idea of what data and how much we need. Review collected by and hosted on G2.com.

Comprehensive datasets with documentation, quickness of computation through GRP and great customer support when issues arise. Review collected by and hosted on G2.com.

Many steps to verification when you long in - takes a bit of time to enter environment. Review collected by and hosted on G2.com.