Experian buys Australia's Look Who's Charging

Credit-checking firm Experian has bought Look Who's Charging (LWC), an Australian provider of transaction enrichment and categorisation technology to banks, for an undisclosed sum.

LWC's service is used to make banking smoother and more straightforward for customers. The company's data is integrated directly into a bank's digital platforms providing 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, making everyday activities like spend analysis simpler.

Experian said: "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 Experian's EMEA/Asia Pacific business-to-business segment.

At 0835 BST, the shares were up 1.2% at 2,536p.