LONDON: Experian, the global information services company, has acquired Look Who’s Charging Pty Ltd (LWC). LWC is the leading provider of transaction enrichment and categorisation technology to banks in Australia.
LWC’s service is used to make banking smoother and more straightforward for bank customers. LWC’s data is integrated directly into a bank’s digital platforms providing their customers with more visibility on their spending.
It enables card and bank statement transactions to be categorised and displayed in an easy to understand way, in real time, and makes everyday activities like spend analysis simpler.
Making lending simpler and faster is a key component of our strategy. This acquisition represents another step in using our advanced data and analytics expertise to remove complexity from the lending process and to access new growth opportunities.
LWC will be reported within our EMEA/Asia Pacific Business-to-Business segment under Data.
Edited by Nayyar Iqbal