TransUnion announced 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.
“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,” said 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).
Source: TransUnion Press Release