Equifax launches International AI Innovation Lab in Wexford
Equifax has announced the opening of its state-of-the-art AI Innovation Lab at its operation in Wexford, Ireland, a new facility dedicated to advancing the company’s global artificial intelligence research and development.
The new Lab builds on the company’s more than 10-year history of AI innovation and expands its global team of over 1,200 data and analytics professionals.
This investment, supported by the Irish Government, through IDA Ireland, will serve as a global hub for innovation, bringing together highly skilled data and technology specialists to create next-generation AI solutions that enhance decision-making, improve customer and consumer experiences, and help global organisations reduce risk.
The AI Innovation Lab will focus on developing advanced AI models, machine learning algorithms, Research and Development, and data analytics tools to address complex challenges faced by businesses and consumers. For its initial phase, the lab will concentrate on AI-driven solutions for credit risk assessment that can augment decision-making for fintechs and financial institutions. These innovations will leverage advanced AI to provide affordability and creditworthiness insights, helping more people access mainstream financial opportunities and driving greater financial inclusion. This includes enhancing fraud detection, improving credit risk assessment, optimising marketing strategies, and strengthening cybersecurity measures.
The lab will play an important role in advancing the Equifax global EFX.AI strategy, furthering the company’s ongoing innovation and the development of data-driven solutions that can help open up new financial opportunities for consumers.
Ceann Comhairle, Verona Murphy TD, said:
The Equifax decision to establish its AI Innovation Lab in Wexford is a powerful vote of confidence in Wexford and the South East Region, this investment highlights the highly skilled workforce and culture of innovation on offer in Wexford for companies that wish to expand their offering globally.
Paul Heywood, Chief Data & Analytics Officer for Equifax Europe, commented:
Our new AI Innovation Lab is designed to empower financial institutions with the tools needed to make smarter, faster, and more confident credit decisions, helping more consumers live their financial best. Through the AI Innovation Lab, and by harnessing our unique data and insights within the Equifax Cloud, we are committed to delivering secure, reliable, and innovative best-in-class solutions for businesses and consumers alike.
Driving AI innovation is a key EFX2027 Strategic Priority. We are incredibly excited to expand our Wexford team through this investment and have immense confidence in the calibre and expertise of the marketplace in Ireland and specifically in the South East, as evidenced by our thirty-year presence in Wexford town.
Deirdre O’Connor, Head of Regional Development, IDA Ireland said:
I wish to congratulate Equifax on the opening of this AI Innovation lab. Artificial Intelligence is a key growth driver in IDA Ireland’s new strategy ‘Adapt Intelligently.’ The Equifax decision to expand its presence in Wexford is a testament to Ireland’s position as a hub for global innovation and AI. I am delighted that this will bring Equifax employment in Wexford to 100 employees and would like to wish them every success with this AI Innovation Lab.
The official opening on 10 September 2025 brought together senior Equifax leaders, Raghu Kulkarni, Chief AI Officer; Ritu Sharma, SVP, Global AI Governance and Model Risk Management; Elizabeth Chapman, VP Operations, Transformation and Change; and Paul Heywood, Chief Data and Analytics Officer for Equifax UK; as well as government representatives, and industry stakeholders including IDA Ireland.
