CHICAGO, Sept. 11, 2023 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU) announced today that it is ranked No.9 on the 2023 IDC FinTech Rankings, marking the latest in a series of climbs up the rankings in recent years.
Following a year highlighted by significant growth in the FinTech space, IDC Financial Insights also recognized TransUnion as an IDC Fast Track FinTech.
The Fortune 500-style ranking categorizes and evaluates the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. FinTech providers supply the technological backbone of the financial services industry. TransUnion ranked #12 on the prestigious list last year.
“As the FinTech industry continues to expand and evolve, it’s more important than ever to deliver innovative solutions to serve our customers,” said Jason Laky, executive vice president and head of financial services at TransUnion. “Just as we have been the leader in bringing trended and alternative credit data to FinTech lending, TransUnion is also providing the next generation of solutions help FinTechs expand into new markets and allow more consumers to have access to credit, while minimizing fraud.”
TransUnion is a global FinTech industry leader on the forefront of lending innovation, providing solutions that allow FinTech lenders to find and make uniquely personalized offers to more consumers while at the same time reducing fraud and improving loan performance. TransUnion’s unique fusion of FCRA-compliant trended credit and alternative data, in addition to traditional credit data, offers FinTechs deeper consumer insights and a more precise view of lending risk. The information helps FinTechs incubate, diversify, and accelerate growth by turning data into action.
“IDC has been producing the IDC FinTech Rankings for twenty years and have expanded the program to now include the top 150 solutions providers to ensure we get the most accurate representation of the largest FinTechs in the world,” said Marc DeCastro, research director at IDC. “The technology companies on this list provide the innovation necessary to keep the financial services at the forefront of providing modern digital experiences across all aspects of a customer’s financial journey.”
IDC Financial Insights publishes a comprehensive report about the year’s findings that is available to view or download here.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 12,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with more confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business