TransUnion UK Wins Anti-Fraud Solution Award for a Second Year
TransUnion, a global information and insights provider and one of the UK’s leading credit reference agencies, won best Anti-Fraud Solution for a second consecutive year at the Credit and Collections Technology Awards 2023.
The industry recognition at the Credit and Collections Technology Awards acknowledges the pivotal role that TransUnion’s flagship TruValidate solution plays in addressing the challenge of delivering robust fraud prevention tools, whilst maintaining streamlined consumer onboarding and friction-right customer experience.
Chad Reimers, general manager for fraud & ID at TransUnion in the UK said: “We are honoured to have received this accolade for the second year in a row, recognising the tangible benefits we have delivered for our customers across sectors. At TransUnion, we have built on our proud legacy to continually advance our solutions to adapt to the ever-evolving challenges our customers face, helping us to make trust possible between businesses and consumers.
“Our TruValidate solution provides businesses with unique insights about consumer digital transactions – helping businesses to spot fraud and safeguarding potentially tens of millions of transactions each day. This award highlights the dedication and hard work of our colleagues, who work hand-in-hand with our customers to achieve the right bespoke solution for their needs.”
A recent TransUnion survey found that 44% of UK consumers were targeted by online, email, phone call or text message fraud between August and October alone, with 7% having subsequently become a victim.i This highlights the ongoing need for businesses to be vigilant and make the protection of consumers a leading priority.
The highly configurable TruValidate suite incorporates identity proofing, risk-based authentication and fraud analytics, and delivers an actionable and robust view of each consumer by linking proprietary data, personal data, device identifiers and online behaviours. This allows hundreds of organisations across different industries, including Banking, Fintech, Gaming, and more, to help protect their businesses and focus on offering effective, personalised and friction-right experiences through a light-touch and flexible integration.
The Credit and Collection Technology Awards highlight the success of companies that lead the way in the credit industry, with a focus on how technology supports the sector in developing and enhancing best-in-class solutions.
Learn more about TransUnion’s TruValidate solution, visit the website.
i TransUnion’s Q4 2023 Consumer Pulse study which is based on a survey of 998 adults in the UK conducted 25 Sept – 3 Oct. 2023