TransUnion provides credit reports, fraud analysis and other services to Canada’s largest financial institutions and lenders
TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) – TransUnion Canada announced today that it has entered into a new multi-year agreement with FICO to distribute FICOÂ® scores to lenders, neighbors and consumers.
The new agreement will complement TransUnion’s essential work with financial institutions, lenders and consumers in the Canadian credit market, and will continue to make FICOÂ® scores available in the Canadian market for years to come.
âTransUnion’s comprehensive data coverage and robust product line will continue to support Canadian consumers’ broad access to credit and financial credentials,â said Todd Skinner, President of TransUnion Canada. âThrough this long-term contract with FICO, we look forward to continuing to serve the Canadian credit ecosystem and empower consumers to realize their financial potential.
“The extension of our distribution relationship ensures that the Canadian market will continue to have access to the benefits of FICOÂ® scores, one of the most predictive and reliable credit scoring tools for risk management,” said declared Kevin Deveau, vice-president and general manager. , FICO Canada. âThe FICO score has been at the heart of the lending process in Canada for almost three decades. “
This new agreement creates value for organizations that use TransUnion’s full suite of credit solutions that empower customers to make informed business decisions.
TransUnion has provided hundreds of millions of people in 30 countries with valuable credit information and services. FICOÂ® Scores have been deployed by FICO and its partners in more than 30 countries on five continents.
About TransUnion (NYSE: TRU)
TransUnion is a global information and analysis company that makes trust in the modern economy possible. To do this, we provide a complete picture of each person so that they can be reliably and securely represented in the market. As a result, businesses and consumers can transact with confidence and achieve great things. We call it Information for Good.Â® TransUnion provides solutions that help create business opportunities, great experiences and personal empowerment for hundreds of millions of people in more than 30 countries. Our customers in Canada include some of the largest banks and card issuers in the country, and TransUnion is a leading provider of credit, fraud and analytics solutions to the finance, retail, telecommunications, utilities, government and insurance.
FICO (NYSE: FICO) makes decisions that help people and businesses around the world thrive. Founded in 1956 and headquartered in Silicon Valley, the company is a pioneer in using predictive analytics and data science to improve operational decisions. FICO holds more than 200 U.S. and foreign patents on technologies that increase profitability, customer satisfaction, and growth for companies in financial services, telecommunications, healthcare, retail and many other industries. . Using FICO solutions, businesses in more than 120 countries are doing everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of planes and rental cars are in the right place at the right time.
Learn more at http://www.fico.com
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FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.
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