CHICAGO, March 11, 2020 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU) is happy to announce that Prama®, a self-service analytics platform, has acquired a 2020 FinTech Breakthrough Award. The industry-leading resolution was acknowledged with the “Analytics Innovation Award” within the Monetary Analysis and Information class, surpassing over 3,750 totally different nominations.
Prama affords lenders seamless entry to {industry} insights to make higher selections and operationalize these selections extra successfully. The answer contains anonymized data on nearly each credit score lively shopper in the united statesand turns information into insights, turning into the lending {industry}’s first platform to allow real-time built-in motion.
“Prama is a flexible data platform that seamlessly places the ability of TransUnion’s in depth and sturdy set of information at lenders’ fingertips,” stated Jason Laky, govt vp of monetary providers at TransUnion. “Prama was designed with the lender in thoughts to make it as straightforward as doable to drive self-service analytics and mannequin growth with real-time capabilities. This permits lenders to get to market sooner and visualize, discover, consider, form and act on shopper information and insights in revolutionary new methods.”
First unveiled in early 2016, the answer permits monetary establishments to rapidly analyze buyer efficiency and benchmark towards the {industry} and their friends. Prama’s superior analytics capabilities harnesses large underlying information belongings, together with expanded entry to 19 years of uncooked tradeline information. Prama additionally affords lenders higher portfolio evaluation to establish alternatives for progress whereas nonetheless balancing danger. In consequence, lenders have entry to on-demand shopper credit score insights that may translate into clear shopper advantages at each touchpoint.
“Sooner entry to extra information and analytics helps differentiate us in a extremely aggressive market,” stated Ashish Gupta, chief credit score officer at Prosper Market. “TransUnion and their revolutionary Prama options have turn into a trusted companion for Prosper as we frequently evolve our advertising and marketing and underwriting methods to higher serve our prospects and fulfill our mission to advance monetary well-being.”
For extra details about Prama, please go to: https://www.transunion.com/product/prama
About TransUnion (NYSE: TRU)
TransUnion is a world data and insights firm that makes belief doable within the fashionable financial system. We do that by offering a complete image of every individual to allow them to be reliably and safely represented within the market. In consequence, companies and customers can transact with confidence and obtain nice issues. We name this Data for Good.®
A number one presence in additional than 30 nations throughout 5 continents, TransUnion offers options that assist create financial alternative, nice experiences and private empowerment for a whole bunch of hundreds of thousands of individuals.
http://www.transunion.com/enterprise
About FinTech Breakthrough
A part of Tech Breakthrough, a number one market intelligence and recognition platform for international expertise innovation and management, the FinTech Breakthrough Awards program is dedicated to honoring excellence in Monetary Expertise & Providers corporations and merchandise. The FinTech Breakthrough Awards present public recognition for the achievements of FinTech corporations and merchandise in classes together with Funds, Private Finance, Digital Foreign money, Wealth Administration, Fraud Safety, Banking, Lending and extra. For extra data go to Fintechbreakthrough.com.
| Contact | Dave Blumberg TransUnion |
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| dblumberg@transunion.com | ||
| Phone | 312-972-6646 | |
