The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst
: First question I wanted to ask is just maybe a point of clarification. I hear the acceleration commentary and what makes you confident
in that through the back half of the year. Just wanted to make sure I understand. Is there any change to kind of your economic
assumptions for the second half as well? So you're still baking in some level of sort down on the correct side?
Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst
: Got it. Got it. And then for my follow-up, a different topic entirely. Mark, you spent a decent bit of time on artificial intelligence and
how Equifax is well positioned to leverage it going forward. I'm just wondering if you could speak to kind of the cost side of that
equation? How expensive is it to leverage the cloud and Google Vertex in an environment where I think chips are expensive and
there are some shortages there? Just wondering how you think about cost and whether or not that's a meaningful consideration
when you go down the AI path, the large language model path?
Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst
: Makes sense. Certainly having everything on the same data fabric is helpful to that, too.
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JULY 20, 2023 / 12:30PM, EFX.N - Q2 2023 Equifax Inc Earnings Call
Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst
: Just wanted to ask on the OIS mortgage business, where the outperformance compared to inquiry was much wider compared to
the first quarter. There was commentary in the prepared call around improved pricing. But I was just wondering if there was another
step-up in pricing in the second quarter? Or was this more driven by mix or other tailwinds?
Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst
: Yes, that's very helpful color. And then maybe just on the background screeners side, have you seen any change in their use of the
waterfall model or any change in the market dynamics there?
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