TransUnion

Grow Credit Launches Innovative Credit Builder Plans Starting at $1/month

Monday, October 25, 2021 - 7:59pm

Today at Money20/20 , Grow Credit , a financial inclusion platform committed to building credit and improving credit scores, announced the launch of three innovative plans to help U.S. consumers establish and build credit by leveraging their monthly subscription payments.

Key Points: 
  • Today at Money20/20 , Grow Credit , a financial inclusion platform committed to building credit and improving credit scores, announced the launch of three innovative plans to help U.S. consumers establish and build credit by leveraging their monthly subscription payments.
  • Millions of Americans struggle with how to establish and grow their credit, said Joe Bayen, CEO and founder at Grow Credit.
  • Grow Credit reports $204 to all three major credit bureaus, and users receive a $1 monthly credit that can be applied to their Grow Credit account with a billing fee from over 100+ qualified subscription-based companies.
  • U.S. residents can apply for a Grow Credit membership in minutes through the Grow Credit iOS app, Android app, or at GrowCredit.com .

Merkle and TransUnion Partner to Enhance Audience Activation Across Connected TV

Thursday, October 21, 2021 - 2:00pm

Merkle , a leading data-driven customer experience management (CXM) company, has announced its new partnership with TransUnion (NYSE: TRU).

Key Points: 
  • Merkle , a leading data-driven customer experience management (CXM) company, has announced its new partnership with TransUnion (NYSE: TRU).
  • Through the partnership, Merkles identity resolution and data platform Merkury will leverage TransUnions TruAudience Data Marketplace, formerly Tru Optik, to enable people-based audience activation in Connected TV (CTV).
  • As cord-cutting continues and streaming services gain momentum, Connected TV (CTV) has become a highly sought-after channel by marketers because of its ability to scale addressable audiences.
  • As the connected TV landscape continues to scale, we are excited to partner with TransUnion to provide marketers with access to people-based advertising opportunities on emerging CTV platforms, said Andy Fisher, head of Merkury Advanced TV, Merkle/CXM.

Marble Launches Credit Improving Boost Program

Wednesday, October 20, 2021 - 1:00pm

The Boost program is designed to help Canadians who have limited access to credit instruments (i.e., credit cards, department store credit cards, line of credit, etc.)

Key Points: 
  • The Boost program is designed to help Canadians who have limited access to credit instruments (i.e., credit cards, department store credit cards, line of credit, etc.)
  • that are reported to TransUnion and Equifax to assess and ascertain the consumers monthly credit score, by offering them Marbles Boost program.
  • Launching our Boost program is an initiative to make it easier for people without a credit card or little or no credit history to improve their finances and become more financially sound with MyMarble, said Karim Nanji, CEO of Marble.
  • With an increasing range of product offerings including AI-driven technology and credit building tools like Boost, Marble continues to execute on its business strategy in improving its user experience journey to become financially fit.

TransUnion Delivers Up-to-Date Property Replacement Cost Estimations with New e2Value Partnership

Wednesday, October 20, 2021 - 1:00pm

Internal and external factors remain fluid after initial underwriting, leaving carriers and consumers exposed to risks associated with underinsurance.

Key Points: 
  • Internal and external factors remain fluid after initial underwriting, leaving carriers and consumers exposed to risks associated with underinsurance.
  • The pandemic will likely keep reconstruction costs volatile over the next 12 to 18 months, posing a challenge for attaining accurate replacement cost assessments, said Mark McElroy, executive vice president of TransUnion Insurance Solutions.
  • TransUnions partnership with e2Value allows us to deliver instant, accurate and up-to-date insights on various local market demands that impact replacement costs.
  • We are extremely proud to have e2Values Pronto solution delivered with TransUnions property insurance suite, says Todd Rissel, CEO of e2Value.

TransUnion Announces $400,000 Commitment to Advance Financial Inclusion with Credit Builders Alliance

Tuesday, October 19, 2021 - 1:30pm

As a global information and insights company committed to financial inclusion, TransUnion (NYSE:TRU) is announcing a $400,000 donation to Credit Builders Alliance (CBA) to help underrepresented consumers in the United States build credit a prerequisite to participating in the mainstream financial system.

Key Points: 
  • As a global information and insights company committed to financial inclusion, TransUnion (NYSE:TRU) is announcing a $400,000 donation to Credit Builders Alliance (CBA) to help underrepresented consumers in the United States build credit a prerequisite to participating in the mainstream financial system.
  • Access to safe and affordable financial products helps consumers build their credit health and take control of their financial futures.
  • TransUnion was the first credit bureau to partner with CBA to expand access to credit reports for financial coaches supporting low-income communities 13 years ago, said Dara Duguay, Chief Executive Officer, Credit Builders Alliance.
  • Credit Builders Alliance serves as a unique and vital bridge between our nonprofit members and the major credit reporting agencies (CRAs).

Low-to-Moderate Income Consumers Present $300 Billion Growth Opportunity for the Mortgage Industry

Tuesday, October 19, 2021 - 1:00pm

LMI consumers who qualify based on Income and/or LMI Tract; Incomes modeled using CreditVision Income Estimator; MSA Median Family Income and Tract Income Based on FFIEC

Key Points: 
  • LMI consumers who qualify based on Income and/or LMI Tract; Incomes modeled using CreditVision Income Estimator; MSA Median Family Income and Tract Income Based on FFIEC
    Many financial institutions are interested in expanding financial inclusion efforts to better serve low-to-moderate income consumers and communities.
  • LMI consumers, for example, are 38% less likely to get a refinance and 34% less likely to get a purchase mortgage than non-LMI consumers.
  • LMI consumers, however, often assume that they may not have sufficient credit to qualify for certain mortgage products.
  • To learn more about TransUnions study, please download the insight guide: Mortgage Origination Opportunity for Low-to-Moderate Income Borrowers .

ECRID, the New Credit Bureau Files New IPO

Friday, October 15, 2021 - 1:13pm

First, ECRID Bill Pay Service is second to none.ECRID Credit Report Holders will pay their monthly bills listedon their ECRID Credit Report, through an automated ECRID Electronic Payment System.

Key Points: 
  • First, ECRID Bill Pay Service is second to none.ECRID Credit Report Holders will pay their monthly bills listedon their ECRID Credit Report, through an automated ECRID Electronic Payment System.
  • Once payment is processed, the ECRID Credit Score and payment status will update in real time on the ECRID User's Credit Report.
  • ECRID Lenders will be asked not to pull an Equifax, Experion, or Transunion credit report, but instead, base their Novel Fintech Sector Lending on the actual individual user's ECRID Credit Report.
  • It'sfree to sign up as an ECRID Member and Start Making Money!Itcosts $25to create an ECRIDCredit Profile (YourCreditor's Information)and a minimum of four ECRID Credit Profiles are required to generate your ECRID Credit Report ($100).

Bloom Launches "OnRamp" To Help DeFi With Compliance And Growing Beyond Collateralized Lending

Thursday, October 14, 2021 - 3:29pm

But with this growth has come more scrutiny from regulators as many DeFi companies have not achieved compliance with KYC/AML and other applicable rules.

Key Points: 
  • But with this growth has come more scrutiny from regulators as many DeFi companies have not achieved compliance with KYC/AML and other applicable rules.
  • Beyond achieving compliance, the use of reusable, verifiable credentials will help DeFi companies enable risk assessment, transcending the collateralized lending structure that has limited growth in the sector up to this point.
  • Bloom plans for OnRamp to be a key piece of infrastructure for DeFi companies, whether they are in launch or growth mode.
  • In 2019, Bloom released the Android version of the app, followed by the release of Bloom Radar , a free hack monitoring service.

Cribl Named a Cool Vendor by Gartner®

Thursday, October 14, 2021 - 2:00pm

SAN FRANCISCO, Oct. 14, 2021 /PRNewswire/ -- Cribl , the leading Observability Pipeline company, today announced today it has been named a Cool Vendor in Monitoring and Observability by Gartner.

Key Points: 
  • SAN FRANCISCO, Oct. 14, 2021 /PRNewswire/ -- Cribl , the leading Observability Pipeline company, today announced today it has been named a Cool Vendor in Monitoring and Observability by Gartner.
  • "We are honored to be named a 'Gartner Cool Vendor', as we believe this is a huge testament to all of the work our outstanding team has accomplished," said Clint Sharp, co-founder and CEO of Cribl.
  • Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact.
  • GARTNER and Cool Vendors are registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and are used herein with permission.

Sezzle Expands Partnership with TransUnion

Thursday, October 14, 2021 - 1:45pm

MINNEAPOLIS, Oct. 14, 2021 /PRNewswire/ -- Sezzle Inc.(ASX: SZL) (Sezzleor Company) // - Sezzle, the leading Buy Now, Pay Later solution, today announces theexpansion of an existing partnership withTransUnion (NYSE: TRU) thatwill allow users to establish and build credit using their repayment history with Sezzle.

Key Points: 
  • MINNEAPOLIS, Oct. 14, 2021 /PRNewswire/ -- Sezzle Inc.(ASX: SZL) (Sezzleor Company) // - Sezzle, the leading Buy Now, Pay Later solution, today announces theexpansion of an existing partnership withTransUnion (NYSE: TRU) thatwill allow users to establish and build credit using their repayment history with Sezzle.
  • Sezzle userswho become eligible for the program, called Sezzle Up, will have their repayment behavior submitted to TransUnion, allowing Sezzle userswith thin credit, poor credit, or no credit history at all to take a much-needed step toward their financial wellbeing.
  • Sezzle Up will help empower userswho qualify for the upgrade to see their available spending limit with Sezzle, increase that limit over time, and enable Sezzle to share the User's payment history with TransUnion in order to help establish and build formal credit.
  • Through this partnership, Sezzle userswill be able to establish their credit and develop healthy financial habits to manage debt responsibly," said Liz Pagel, senior vice president of consumer lending at TransUnion.