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Open Lending Named Winner of 2023 NAFCU Innovation Award

Retrieved on:

Monday, December 4, 2023

Technology, Insurance, Automotive, Finance, General Automotive, Fintech, Banking, Professional Services, Software, Data Analytics, Creditor, CUNA, Risk, Probability, TransUnion, Marketing, Partnership, LexisNexis, Bank

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, has been selected as a winner of the 2023 NAFCU Innovation Award for its enhanced Lenders Protection™ scorecard.

Key Points:

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, has been selected as a winner of the 2023 NAFCU Innovation Award for its enhanced Lenders Protection™ scorecard.
The awards program recognizes companies making the most valuable and innovative contributions to credit union success, including groundbreaking advancements in technology and software.
“We are thrilled to have our enhanced Lenders Protection tool acknowledged as an impactful solution for supporting credit unions in the tumultuous automotive lending industry,” said Kevin Filan, senior vice president of marketing at Open Lending.
This cutting edge AI tool helps provide attainable loans to deserving borrowers who are often overlooked by traditional credit score models.

Fraud Detection and Prevention Solutions Market: Fraud Analytics, Authentication, and GRC - Global Forecast to 2028 with Fiserv, FIS Global, LexisNexis, BAE Systems, and TransUnion Dominating - ResearchAndMarkets.com

Retrieved on:

Tuesday, November 21, 2023

The increase in revenue losses and chargebacks due to fraudulent activities has further accentuated the need for advanced FDP solutions.

Key Points:

The increase in revenue losses and chargebacks due to fraudulent activities has further accentuated the need for advanced FDP solutions.
Organizations are increasingly turning to fraud analytics and risk-based authentication solutions to combat fraud effectively, highlighting the surging demand for advanced solutions that enhance fraud detection capabilities, mitigate financial losses, and safeguard businesses from emerging threats.
Asia Pacific, on the other hand, is expected to experience the highest Compound Annual Growth Rate (CAGR) in the FDP market.
They assess the risks associated with any project and help deploy better and enhanced FDP solutions or replace existing ones.

Tanium Kicks Off Eighth Annual Converge Conference

Retrieved on:

Monday, November 13, 2023

Tanium , the industry’s leading provider of Converged Endpoint Management (XEM) , today kicked off its eighth annual conference, Converge , held in Austin, Texas November 13-16.

Key Points:

Tanium , the industry’s leading provider of Converged Endpoint Management (XEM) , today kicked off its eighth annual conference, Converge , held in Austin, Texas November 13-16.
As Tanium’s flagship event, Converge brings together more than 2,000 Tanium customers, partners, and enthusiasts to share strategies, success stories, and ideas for using the power of Tanium’s platform to unify IT operations and security teams through real-time control and visibility.
Conference goers will get a first look at and live demonstrations of new innovations, new AI-powered capabilities, and the future of Tanium’s award-winning XEM platform.
Converge will also feature a Global Partner Summit and 20+ breakout sessions showcasing partner innovations and customer case studies highlighting Tanium’s expansive and impactful partner network.

Golden Eagle Lending's Pre-Christmas Day Webinar on Credit Card Debt Consolidation Draws Over 10,000 Participants

Retrieved on:

Tuesday, December 12, 2023

Unsecured debt, Golden eagle, Recurrence, Credit, Benefit, TransUnion, Bank

BLOOMFIELD HILLS, Mich., Dec. 12, 2023 /PRNewswire/ -- Golden Eagle Lending, a prominent player in the financial services industry, recently hosted a highly engaging pre-Christmas Day webinar, focusing on the critical issue of credit card debt consolidation. This well-timed event captivated an audience of over 10,000 participants, signaling the significant demand for financial literacy and effective debt management strategies. "Our goal was to demystify the complexities of credit card debt and offer realistic solutions. The overwhelming turnout and positive feedback have affirmed the relevance of this topic," commented a Golden Eagle Lending spokesperson.

Key Points:

BLOOMFIELD HILLS, Mich., Dec. 12, 2023 /PRNewswire/ -- Golden Eagle Lending, a prominent player in the financial services industry, recently hosted a highly engaging pre-Christmas Day webinar, focusing on the critical issue of credit card debt consolidation.
"Our goal was to demystify the complexities of credit card debt and offer realistic solutions.
Golden Eagle Lending's webinar provided an insightful exploration of various debt consolidation options, including fixed-rate loans as a means to replace high-interest credit card payments with more manageable monthly obligations.
Impact on Credit Scores: Discussion on how debt consolidation can positively affect credit scores, especially for those in prime credit tiers.

Independent Living Systems Provides Notice of Data Event

Retrieved on:

Friday, December 8, 2023

Transfer, Equifax, Privacy, Risk, Fraud, Learning, Organization, MOVEit, TransUnion, Identity theft, ILS, Experian

MIAMI, Dec. 8, 2023 /PRNewswire/ -- Independent Living Systems, LLC ("ILS"), which is a covered entity and a business associate to certain other covered entities, including certain of its own affiliates, is issuing notice of a data event that may impact certain individuals' personal information or protected health information.

Key Points:

MIAMI, Dec. 8, 2023 /PRNewswire/ -- Independent Living Systems, LLC ("ILS"), which is a covered entity and a business associate to certain other covered entities, including certain of its own affiliates, is issuing notice of a data event that may impact certain individuals' personal information or protected health information.
ILS is issuing notification to impacted individuals on behalf of certain data owners, clients and covered entity plans and as a direct provider of services.
ILS is unaware of any identity theft or fraud resulting from this event.
As many of those organizations discovered, MOVEit experienced a previously unknown zero-day vulnerability that allowed unauthorized access to certain information.

TransUnion to Present at the 2023 J.P. Morgan Ultimate Services Investor Conference

Retrieved on:

Thursday, November 9, 2023

TRU, Conference, NYSE, TransUnion, Cryptocurrency

CHICAGO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced that Chris Cartwright, President and CEO, will present at the J.P. Morgan Ultimate Services Investor Conference on Thursday, November 16, 2023.

Key Points:

CHICAGO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced that Chris Cartwright, President and CEO, will present at the J.P. Morgan Ultimate Services Investor Conference on Thursday, November 16, 2023.
The presentation is scheduled to begin at 8:10 a.m. CT (9:10 a.m.
A live webcast of the presentation will be made available on the TransUnion Investor Relations website at http://www.transunion.com/tru .
A replay will also be available on the company’s website following the conclusion of the presentation.

Department of Veterans Affairs Awards TransUnion with Contract to Improve Veterans’ Experiences When Accessing Key Services

Retrieved on:

Wednesday, November 8, 2023

TRU, Housing, NYSE, TransUnion, Veterans' affairs, Research, United States Department of Veterans Affairs, Real estate, Veteran

Veterans need to have trust in who is contacting them, especially when regarding their post-service benefits.

Key Points:

Veterans need to have trust in who is contacting them, especially when regarding their post-service benefits.
With this in mind, calls from the VA will soon be branded and verified on both land and mobile devices, with the Department’s name and phone number.
TransUnion is also working to protect Veterans from fraud by identifying and blocking spoofed calls that use a VA calling number.
“The Department of Veterans Affairs is committed to improving experiences for its constituents,” said Jason Goldberg, VP of Sales, Four Points Technology.

Return to Office Among Top Reasons Households with Children Plan to Dine Out or Order Food More Often

Retrieved on:

Tuesday, November 7, 2023

Noma (restaurant), TRU, Fraud, NYSE, TransUnion, Restaurant, QSR, Travel, Fast food

Four in 10 households with children (40%) indicated that returning to work in offices would lead them to spend more on restaurants.

Key Points:

Four in 10 households with children (40%) indicated that returning to work in offices would lead them to spend more on restaurants.
Also, higher grocery prices, due to continued inflation pressures, were a commonly cited reason for dining out/ordering more often across households both with and without children (37%).
Traditional Quick Service Restaurants, like McDonald’s and Wendy’s, proved to be the top choice for households with and without children.
Those with children frequented these spots slightly more often, with 77% patronizing traditional QSRs at least once per week, compared to 69% of households without children.

myFICO: Profile of a “Perfect” 850 FICO® Score

Retrieved on:

Tuesday, November 7, 2023

Banking, Personal Finance, Professional Services, Finance, History, FICO, Creditor, 700s, TransUnion, Equifax, Credit score in the United States, Bookbinding, Credit, Retail, Experian

Here’s what to know about people who achieve a perfect 850 FICO Score, from myFICO.

Key Points:

Here’s what to know about people who achieve a perfect 850 FICO Score, from myFICO.
But creditors rarely, if ever, require you to have an 850 FICO® Score.
If you have an exceptional FICO® Score — 800 and above — you almost certainly have a high enough FICO Score to get the best offers.
And remember, a perfect score is mainly for bragging rights— any FICO Score in the exceptional range can help you save money .

TransUnion Report Shows Fraud Attacks on Financial Industry Call Centers Rising

Retrieved on:

Monday, November 6, 2023

Knowledge, Interactive voice response, KBA, Friction, CRM, Hood, IVR, City centre, Fraud, Organization, Risk, TransUnion, Online shopping

Because identity fraud in financial services, such as account takeover or synthetic identities, results in direct financial crime, the financial industry has an even more pronounced incentive to guard against fraud in call centers, but in a way that is as efficient as possible for financial services organizations and their customers.

Key Points:

Because identity fraud in financial services, such as account takeover or synthetic identities, results in direct financial crime, the financial industry has an even more pronounced incentive to guard against fraud in call centers, but in a way that is as efficient as possible for financial services organizations and their customers.
The survey showed that, for call center organizations operating in the financial industry, 90% of respondents indicated that new technologies for fraud detection should be seamless or invisible for customers when calling.
Nearly two-thirds of financial industry respondents and 70% of survey respondents overall would like authentication to begin before any agent interaction occurs.
TransUnion conducted an online survey in the summer of 2023 among contact center operations, customer experience, or information technology professionals.