Equifax UK has introduced Tariff Connect, an open banking-based system designed to automate and streamline eligibility assessments for social tariff discounts in utility and telecom services to support financially vulnerable households. The solution reduces application time from weeks to minutes by using a digital form and continuous eligibility checks, ensuring that discounts remain aligned with changes in consumer circumstances. As cost-of-living pressures persist, Tariff Connect enables utility and telecom providers to assist low-income consumers with easier access to necessary financial relief options.
Equifax Unveils Open Banking-Based System to Simplify Utility and Telecom Social Discounts
