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News

Experian partners with what3words

Tuesday 24 October 2023 13:12 CET | News

Experian, a global information services company, has announced its partnership with what3words to optimise retail deliveries.

Experian’s address validation solution seeks to help businesses worldwide achieve trusted data and build a more detailed view of customers by validating, formatting, and enriching addresses in real time at checkout. With this partnership, customers also now have the option to supplement their exact delivery location by typing their what3words address into the search field. This will help retailers and logistics companies with precise location insight from their customers for quick and efficient delivery, even in locations that may be hard to find.  

As per the press release, this collaboration gives Experian customers the exact address and location information they need in a single solution, enabling them to simplify their operations and deliver to the right front door. 

Experian, a global information services company, has announced its partnership with what3words to optimise retail deliveries.

According to the 2022 Experian’s Global Data Management Research Report, 85% of organisations indicate that poor quality data for customers negatively impacts their operational processes and efficiency. Additionally, 89% of businesses say that contact data has become more important than ever to reach their customers.  

what3words has divided the world into a grid of 3m x 3m squares and given each square a unique combination of three random words, known as a what3words address. As a result, every entryway to an apartment building, concealed side passage, or even a recently constructed and unaddressed entrance is now equipped with its own what3words address. 

The what3words app is readily available for download on both iOS and Android platforms, and can also be accessed through the online map, with no cost. 

The press release states that there is an opportunity to improve the delivery experience with more accurate and easy-to-use location information, by enabling retailers to capture valid address and precise location information.  

More about Experian 

Based in Australia, Experian aims to unlock the power of data to create opportunities for consumers and businesses. It empowers consumers and clients to manage their data and maximise opportunity. 

In October 2023, Experian partnered with Moneythor to provide data-driven solutions for financial institutions. According to the official press release, this collaboration came at a time when many Australians were grappling with rising cost-of-living pressures, which have had a notable impact on their ability to meet credit repayments. Experian and Moneythor's partnership aimed to provide banks and financial institutions with a range of personalised recommendations, insights, and prompts to assist customers in better managing their finances. Experian will enrich clients' transaction data, which will then be utilised by Moneythor to generate transaction insights in the Australian market. This development aims to support the creation of more personalised experiences for consumers and increase engagement for financial institutions. 

Source: Link


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Keywords: ecommerce, retail, delivery, partnership, data sharing
Categories: Payments & Commerce
Companies: Experian, what3words
Countries: World
This article is part of category

Payments & Commerce

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Experian

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