Joint Collaboration Delivers FinTech-like Capabilities for Credit Unions
19 September 2019 - 8:50PM
The user experience across financial services has evolved as
consumers are increasingly shifting toward digital channels. To
bring the FinTech experience to the credit union industry,
TransUnion (NYSE: TRU) is working with Rate Reset to help empower
credit unions with new digital capabilities.
“The way consumers engage with their financial
institutions has changed and an engaging digital experience is no
longer simply nice to have – it’s table stakes,” said Sean Flynn,
director of credit unions at TransUnion. “Rate Reset levels the
digital playing field by delivering a consumer-friendly experience
and equipping credit unions with a technology platform that is in
line with those offered by FinTechs and banks.”
The solution combines Rate Reset’s technology
platform with TransUnion’s credit data and risk capabilities to
deliver a cutting-edge experience for consumers. In addition to
offering loan modification and batch preapproval capabilities,
credit union members can now check what rates and terms they
qualify for without impacting their credit score.
“We have enhanced our solutions through our
collaboration with TransUnion to best align with the interests of
credit unions and their members,” said Keith Kelly, CEO of Rate
Reset. “Offering credit unions access to a digital instant pre-qual
solution we call The Button™ will build new and existing
relationships with consumers in this competitive environment.”
The collaboration between TransUnion and Rate
Reset is already gaining traction as Sound Credit Union of Tacoma,
Washington is among several new clients to begin leveraging the
enhanced digital solution. For more information on how to implement
digital solutions, please visit:
https://www.transunion.com/industry/credit-unions.
About TransUnion (NYSE:
TRU)
Information is a powerful thing. At TransUnion,
we realize that. We are dedicated to finding innovative ways
information can be used to help individuals make better and smarter
decisions. We help uncover unique stories, trends and insights
behind each data point, using historical information as well as
alternative data sources. This allows a variety of markets and
businesses to better manage risk and consumers to better manage
their credit, personal information and identity. Today, TransUnion
has a global presence in more than 30 countries and a leading
presence in several international markets across North America,
Africa, Europe, Latin America and Asia. Through the power of
information, TransUnion is working to build stronger economies and
families and safer communities worldwide.
We call this Information for Good.®
http://www.transunion.com/business
About Rate Reset
Rate Reset offers award winning products that
allow the member to be in control of what has historically been
routine administrative tasks that are time consuming for both front
line and support staff. The member and non-member driven instant
pre-qual called The Button™ will drive new loan and member growth.
Both Auto Rate Reset and Mortgage Rate Reset, products successfully
tested and adopted in the market, allow a member to reset the term
of an existing auto loan, personal loan or mortgage based on credit
union criteria. The software promotes loan retention at a very low
cost, and provides a member with a favorable view of the member
advocacy of the credit union. The LoanGen products make it simple
and fast for a credit union to acquire or recapture member
automobile loans, mortgage loans, personal loans and credit cards.
For more information on Rate Reset visit
https://www.curatereset.com/
Contact |
Dave BlumbergTransUnion |
|
|
E-mail |
david.blumberg@transunion.com |
|
|
Telephone |
312-972-6646 |
TransUnion (NYSE:TRU)
Historical Stock Chart
From Apr 2024 to May 2024
TransUnion (NYSE:TRU)
Historical Stock Chart
From May 2023 to May 2024