TransUnion Wins Credit Information Provider of the Year at The Credit Awards
TransUnion, a global information and insights company and one of the UK’s leading credit reference agencies, has been named Credit Information Provider of the Year in the Credit Awards 2021.
The Credit Awards recognise and celebrate innovation and best practice across the UK credit and financial services industry and the win was based on TransUnion’s work supporting both businesses and consumers.
Satrajit “Satty” Saha, CEO of TransUnion in the UK commented: “It’s an honour to receive this award. Credit information is absolutely pivotal to us and the services we provide. By ensuring that each consumer is reliably represented in the marketplace, we make trust possible between businesses and consumers, and we’re really proud of what we’ve achieved as a business, and in particular how we responded through the challenges of the pandemic.
“I’m grateful to all our colleagues, both here in the UK and globally, for their hard work and expertise in supporting our clients and consumers throughout this period. It’s great to see our efforts recognised with such a key industry accolade and a fantastic end to the year for us.”
The award celebrates TransUnion’s achievements in several areas including:
Educating and empowering consumers to take control of their credit report and score
The judges recognised that TransUnion has helped millions of people with credit repair and educated UK consumers on their credit information and how it’s used in financial decisions. Collaborations with the likes of NatWest, NewDay and Incuto have provided consumers with easy access to their credit score and the information they need to improve it.
Preventing fraud and verifying identity
Earlier this year, TransUnion streamlined its fraud prevention and identity verification under TruValidate, a global solution which delivers a comprehensive view of each consumer by linking proprietary data, personal data, device identifiers and online behaviours. From helping UK businesses to reduce financial losses due to fraud, to enabling them to confidently identify genuine consumers, the win recognised the impact of this service across a variety of business sectors.
Supporting businesses and protecting consumers
By providing innovative, tailored solutions, TransUnion helps businesses meet changing customer needs and new regulation. One example that was recognised by the judges in the Credit Awards is its Affordability Solution for Gaming, designed to boost consumer protection in gambling, which is used by many leading gaming operators. Using individual-level financial data and industry-recognised scores, built by TransUnion, it helps inform fair and responsible decisions and protect players from gambling-related harm.
Shail Deep, chief product officer of TransUnion in the UK added: “As an information and insights provider, our clients rely on accurate data so we’re thrilled to have been recognised in this way as Credit Information Provider of the Year. This data is central to many of our innovative products and solutions and as we look to the year ahead, we look forward to continuing to support our customers, and in turn the consumers they serve.”
TransUnion is committed to using Information for Good® and offers specialist services in fraud, identity and risk management, automated decisioning and demographics, supporting organisations across a wide variety of sectors including finance, retail, telecommunications, utilities, gaming, government and insurance.