Chicago,
05
October
2016
|
11:55 AM
America/Chicago

TransUnion Ranks No. 29 on American Banker’s FinTech Forward 100 List

TransUnion announced today that it has been awarded the No. 29 ranking on American Banker and BAI’s FinTech Forward 100 list. FinTech Forward, now in its 13th year, is the industry standard for global rankings of the top FinTech providers. A central objective of the FinTech Forward program is to identify the forces and trends that are motivating banks’ technology investments.

The introduction of several industry-leading solutions contributed to TransUnion’s ranking on the FinTech Forward list. Most notably, TransUnion launched PramaSM, a suite of solutions changing how companies explore data and act on insights. Prama includes anonymized information on virtually every credit active consumer in the U.S. and uses advanced technologies and analytics to give customers the ability to make more informed decisions.

Steve Chaouki, executive vice president of TransUnion's financial services business unit
“Innovative solutions such as Prama and CreditVision have contributed to TransUnion’s momentum as a technology and information provider. The FinTech Forward ranking validates our efforts to provide valuable solutions that deliver greater certainty for our customers.”
Steve Chaouki, executive vice president of TransUnion's financial services business unit

In addition to its innovative Prama environment, TransUnion was the first credit reporting agency to bring trended consumer credit data to market with its CreditVision® suite of solutions. In late September, Fannie Mae began requiring the use of credit reports that support trended credit data from CreditVision.

TransUnion’s FinTech Forward honor comes on the heels of its No. 35 ranking in the IDC Financial Insights FinTech Top 100. TransUnion also placed sixth this year in the InformationWeek Elite 100, recognizing the company as one of the nation’s most innovative IT organizations for the implementation of its Shared Analytical Processing Environment (SHAPE).

About TransUnion (NYSE:TRU)

Information is a powerful thing. At TransUnion, we realize that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion has a global presence in more than 30 countries and a leading presence in several international markets across North America, Africa, Latin America and Asia. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide.

We call this Information for Good. http://www.transunion.com/business