TransUnion climbs to No. 12 in the latest IDC FinTech

CHICAGO, Sept. 12, 2022 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU ) announced today that it has been ranked No. 12 in the 2022 IDC FinTech Rankings, continuing a steady climb up the IDC rankings in recent years.

The Fortune 500-style ranking categorizes and evaluates the top global financial technology providers based on calendar year revenue from financial institutions for hardware, software and/or services. FinTech vendors provide the technological backbone of the financial services industry, an industry where IDC estimates worldwide IT spending to reach $590 billion (USD) by 2025. TransUnion ranked No. 16 on the prestigious list last year.

TransUnion is a FinTech industry leader at the forefront of lending innovation, providing solutions that enable FinTech lenders to find and provide uniquely tailored offerings to multiple consumers. TransUnion’s unique fusion of FCRA-compliant trended credit and alternative data, in addition to traditional credit data, gives FinTechs deeper consumer insights and a more precise view of lending risk.

The information helps FinTechs to incubate, diversify and accelerate growth by turning data into action. And TransUnion continues to innovate and expand its FinTech offerings through the recent acquisition of Neustar, whose unique data and digital solutions capabilities will further enable secure and more personalized online experiences for consumers and businesses.

“In today’s dynamic consumer credit market, TransUnion continues to serve the FinTech industry as a leader deeply committed to fostering innovation,” said Jason Laky, executive vice president of financial services at TransUnion. “By providing customers with access to a wide range of trending and alternative data solutions, TransUnion offers them the insights they need to drive results and achieve growth while providing more credit access to consumers. Now more than ever, TransUnion is well positioned as a important resource for the lending industry and a valuable partner for FinTechs as they grow and develop.”

IDC Financial Insights publishes a comprehensive report on this year’s findings which is available to view or download here.

About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company that enables trust in the modern economy. We do this by providing a comprehensive picture of each person so that they can be represented reliably and safely in the market. As a result, businesses and consumers can act with confidence and achieve great things. We call this information for good.®

A leading presence in more than 30 countries on five continents, TransUnion offers solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people.