The use of Artificial Intelligence (AI) in financial services is all over the news, with some reports estimating it to be a US$450 billion opportunity. But what’s the real story

The post Artificial Intelligence as a Catalyst to Accelerate Financial Inclusion appeared first on Fintech Singapore.

International credit bureau TransUnion said in a statement on Sunday that hackers managed to breach a server operated by its South African division and gained access to the personal information of customers. According to an FAQ published by TransUnion South Africa, the threat actors gained access to the sensitive data by using the compromised credentials of one […]

Finch boosts users' credit score by reporting spending to US credit bureaus Equifax, Experian and TransUnion.

TransUnion launched Point-of-Sale Suite of Capabilities to provide lenders insight into consumer borrowing habits with point of sale lending and buy now, pay later products. The new data reporting helps lenders underwrite credit risk. The reporting methods also benefit the consumer by not penalizing them for using these alternative credit products on a regular basis. Read more...

The post TransUnion’s New Tools Protect Lenders While Helping Users Improve their Credit Scores appeared first on Finovate.

Kaunas, Lithuania (January 25, 2022) – European identity verification company iDenfy becomes a partner of Placet Group to provide the company with its ID verification. Financial institutions are often the primary target of fraud. It was recognized back in 2018 that the threat of fraud to the financial industry is on the rise. In a […]

The post Placet Group chooses iDenfy to improve its clients’ user experience in identity verification appeared first on Fintech News.

The number of 2021 data compromises is 23 percent over the previous all-time high; the number of individuals impacted remains high but dropped for the third consecutive year; a free consumer data...

(PRWeb January 24, 2022)

Read the full story at https://www.prweb.com/releases/identity_theft_resource_centers_2021_annual_data_breach_report_sets_new_record_for_number_of_compromises/prweb18447997.htm

CreditMiner LLC and TransUnion announced a new partnership enabling the offering to the automotive industry of cutting edge fraud prevention technologies via their industry leading API capabilities.

(PRWeb January 24, 2022)

Read the full story at https://www.prweb.com/releases/creditminer_and_transunion_partner_to_deter_fraud_in_the_auto_industry/prweb18452620.htm

Consumer credit reporting agency TransUnion is moving in the direction of Web3. The Illinois-based company announced this week it will bring off-chain consumer credit, identity, and compliance information to public blockchain networks. The move is made possible via a partnership with Spring Labs, a company that offers decentralized infrastructure for credit and identity data. Spring Read more...

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