TransUnion

Duck Creek Technologies Earns Top 50 Solution Provider Status and Top 100 Fast Track FinTech in IDC’s 2023 FinTech Rankings

Retrieved on: 
Thursday, October 5, 2023

BOSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announces its recognition as a 2023 IDC FinTech Rankings Top 50 solution provider and a Top 100 Fast Track FinTech.

Key Points: 
  • BOSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announces its recognition as a 2023 IDC FinTech Rankings Top 50 solution provider and a Top 100 Fast Track FinTech.
  • This is the second year in a row Duck Creek has been named on the prestigious list with other global technology leaders, demonstrating its noticeable, continued growth and strong market traction.
  • The IDC FinTech Rankings select the global technology leaders based on prior calendar year revenue results.
  • Duck Creek achieved year-over-year growth by focusing on customer success and its partner ecosystem approach, affirming that it “takes a village" to support the most sophisticated insurers worldwide with market-leading technology solutions.

Pagaya, National Bankers Association, Oportun and TransUnion at Money20/20: Data for Good: Bettering the Economy Through Financial Inclusion

Retrieved on: 
Monday, October 16, 2023

A staggering 42% of US consumers who apply for a financial product are denied or not extended as much credit as they would like.

Key Points: 
  • A staggering 42% of US consumers who apply for a financial product are denied or not extended as much credit as they would like.
  • The panel will tackle how data and technology are facilitating a new wave of financial inclusion, enabling millions of individuals to access financial services that were previously unavailable to them.
  • “Financial inclusion is core to our mission to provide more financial opportunities to more people, more often," said Gal Krubiner, Co-Founder and CEO of Pagaya.
  • “Oportun was founded to use technology and big data to ‘score the unscorable’ and create a pathway to financial inclusion.

Dremio Announces Subsurface LIVE in NYC, May 2 – 3

Retrieved on: 
Friday, October 13, 2023

Dremio , the easy and open data lakehouse, today announced the dates for Subsurface LIVE, the premier lakehouse event focused on the latest trends and innovations in data analytics and data lakehouse technologies.

Key Points: 
  • Dremio , the easy and open data lakehouse, today announced the dates for Subsurface LIVE, the premier lakehouse event focused on the latest trends and innovations in data analytics and data lakehouse technologies.
  • Subsurface LIVE is a must-attend event for data professionals, engineers, analysts, and data decision-makers across industries and the tech sector looking to unlock the full potential of their data.
  • Dremio is now inviting passionate individuals from the data community to contribute their knowledge and expertise by participating as speakers at Subsurface LIVE.
  • For more information about Subsurface LIVE, please visit: https://www.dremio.com/subsurface/ .

Zilch Announces the Official Launch of Zilch up, Which Provides Access to More Affordable Credit and Is Building Stronger Financial Futures

Retrieved on: 
Thursday, October 12, 2023

This will create access for millions to build their financial profiles safely and responsibly and without paying any interest.

Key Points: 
  • This will create access for millions to build their financial profiles safely and responsibly and without paying any interest.
  • View the full release here: https://www.businesswire.com/news/home/20231012901593/en/
    The introduction of Zilch Up provides all the benefits of Zilch’s zero-interest, ad-subsidised borrowing with the ability to improve your credit score, which wasn't possible before Zilch.
  • With 5 million people in the UK deemed credit invisible, Zilch’s new product enables customers with tools to improve their credit scores and increase their credit limit.
  • A user’s credit score improvement can only occur where a user’s credit reporting via Zilch is more up to date than with other lenders.

Advent International Appoints Fintech Executive Kahina Van Dyke as Operating Partner

Retrieved on: 
Tuesday, October 10, 2023

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of Kahina Van Dyke as an Operating Partner.

Key Points: 
  • Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of Kahina Van Dyke as an Operating Partner.
  • “We’re thrilled to welcome Kahina as an advisor to Advent given her experience across banking, payments and technology,” said Eric Noeth, Managing Director at Advent.
  • "I am excited to partner with Advent to support their investment efforts and work alongside their portfolio companies, particularly in the software, payments and financial services sectors,” said Van Dyke.
  • Van Dyke received her Bachelor of Arts in political science and government from the University at Albany.

FTC and CFPB Settlement to Require Trans Union to Pay $15 Million over Charges It Failed to Ensure Accuracy of Tenant Screening Reports

Retrieved on: 
Monday, October 16, 2023

“Consumers struggling to find housing shouldn’t be shut out by tenant screening reports that are ridden with errors and based on data from secret sources,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.

Key Points: 
  • “Consumers struggling to find housing shouldn’t be shut out by tenant screening reports that are ridden with errors and based on data from secret sources,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.
  • Trans Union LLC manages and oversees TURSS’s compliance with the FCRA.
  • The company also included inaccurate labels in its reports that mischaracterized the nature of certain information in consumers’ eviction records, according to the complaint.
  • This is the largest amount ever recovered in an FTC tenant screening matter.
  • In addition, the companies must also take steps to address the allegations of the complaint and help enable consumers to dispute inaccurate information in the future, including:
  • The FTC and CFPB filed the complaint and stipulated final order in the U.S. District Court for the District of Colorado.
  • Stipulated final orders have the force of law when approved and signed by the District Court judge.

Announcing Nexus, an Intuitive Self-Service Experience from Kinetic Wholesale

Retrieved on: 
Thursday, October 5, 2023

Kinetic Wholesale , a leading fiber connectivity provider to middle America, announces Nexus: a powerful client portal designed to solve the unique challenges facing wholesale buyers.

Key Points: 
  • Kinetic Wholesale , a leading fiber connectivity provider to middle America, announces Nexus: a powerful client portal designed to solve the unique challenges facing wholesale buyers.
  • “Wholesale users need scalable processes that save time and enable processing information in bulk,” said Simon Cooper, vice president of Kinetic Wholesale Services.
  • “We are excited to partner with Kinetic in support of their vision to automate wholesale buying for their customers,” said Ben Edmond, founder and CEO of Connectbase.
  • “Wholesale buyers depend on their vendors for timely service activation,” said John Denemark, senior vice president of carrier provisioning at TransUnion.

UPDATE: BSI Financial Services Chosen as Backup Asset Manager for First-Ever Rated Home Equity Agreement Securitization

Retrieved on: 
Friday, October 13, 2023

IRVING, Texas, Oct. 13, 2023 /PRNewswire/ -- BSI Financial Services, a mortgage operating platform, has been selected by Unlock Technologies (Unlock) as the backup asset manager for the recently closed Unlock HEA Trust 2023-1 securitization, the industry's first rated securitization of home equity agreements (HEAs). The $224 million securitization consists of Class A and B notes with ratings of BBB (low) and BB (low) from DBRS Morningstar, which finalized its ratings criteria for the HEA asset class earlier this year.

Key Points: 
  • IRVING, Texas, Oct. 13, 2023 /PRNewswire/ -- BSI Financial Services , a mortgage operating platform, has been selected by Unlock Technologies (Unlock) as the backup asset manager for the recently closed Unlock HEA Trust 2023-1 securitization , the industry's first rated securitization of home equity agreements (HEAs).
  • BSI is now working as the primary or backup servicer for four of the top five providers in the burgeoning home equity investment (HEI) market.
  • "BSI Financial is thrilled to be a part of this industry first," said Allen Price, Senior Vice President of BSI Financial Services.
  • With decades of experience in asset management, BSI Financial brings a track record of technology innovation to bear on HEI asset management.

BSI Financial Services Chosen as Backup Asset Manager for First-Ever Rated Home Equity Agreement Securitization

Retrieved on: 
Thursday, October 12, 2023

IRVING, Texas, Oct. 12, 2023 /PRNewswire/ -- BSI Financial Services, a mortgage operating platform, has been selected by Unlock Technologies (Unlock) as the backup asset manager for the recently closed Unlock HEA Trust 2023-1 securitization, the industry's first rated securitization of home equity agreements (HEAs). The $224 million securitization consists of Class A and B notes with ratings of BBB (low) and BB (low) from DBRS Morningstar, which finalized its ratings criteria for the HEA asset class earlier this year.

Key Points: 
  • IRVING, Texas, Oct. 12, 2023 /PRNewswire/ -- BSI Financial Services , a mortgage operating platform, has been selected by Unlock Technologies (Unlock) as the backup asset manager for the recently closed Unlock HEA Trust 2023-1 securitization , the industry's first rated securitization of home equity agreements (HEAs).
  • BSI is now working as the primary or backup servicer for four of the top five providers in the burgeoning home equity investment (HEI) market.
  • "BSI Financial is thrilled to be a part of this industry first," said Allen Price, Senior Vice President of BSI Financial Services.
  • With decades of experience in asset management, BSI Financial brings a track record of technology innovation to bear on HEI asset management.