The competition regulator is probing Irish credit file giant Experian’s proposed $US532 million ($820 million) acquisition of illion, which competes with US-based Equifax supplying local banks with the data they use to evaluate borrowers.
Control of strategic consumer credit data sets has been put into play as Archer Capital looks to sell illion, as its private equity portfolios are wound down.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
