UPDATE - TransUnion Unveils Mobile Offers Now(SM) Solution to Extend Real-Time Credit Offers
August 15 2018 - 2:26PM
To meet the evolving needs of consumers, TransUnion (NYSE: TRU)
announced today the launch of Mobile Offers NowSM. This innovative
solution helps financial institutions respond to increasing
consumer expectations to be served when and where they choose.
Mobile Offers Now leverages TransUnion’s existing Find My
OfferSM platform to provide consumers with instant access to
prequalified credit offers through a simplified, SMS-initiated,
mobile experience. The technology seamlessly integrates real-time
credit decisioning with consumer and device authentication,
creating a secure, personalized and dynamic user experience.
“To stay competitive in an increasingly digital world, financial
institutions know that they need to reduce unnecessary friction and
poor experiences to attract and keep good consumers,” said Dane
Mauldin, chief product officer at TransUnion. “Consumers are
demanding faster ways to find offers and apply for credit when and
where they need it. With Mobile Offers Now, they may simply text a
key word to instantly check for prequalified offers across numerous
credit products, providing a path to credit through a completely
digital application process.”
Mobile Offers Now, enabled through a strategic partnership with
iLendx, LLC., is the first release within a turnkey Digital Lending
suite that is fully integrated with TransUnion’s decision
technology. These solutions are intended to replace the traditional
credit application with an intuitive workflow that takes the
consumer from prequalification to funding in just minutes, with the
option to deepen the relationship by offering auto, HELOC, credit
card or unsecured lending products during a single session.
“This solution will enable financial institutions to quickly
expand their digital presence and adopt new channels for attracting
and retaining customers who expect technology and convenience,”
said Andy Ivankovich, CEO of iLendx. “Less than 10 percent of banks
can originate loans digitally and many banks face barriers to
implementing their own digital platform. The suite of digital
lending solutions will help financial institutions reach new
demographics, enter new markets and reduce origination costs while
boosting their bottom line.”
For more information about Mobile Offers Now and TransUnion’s
new Digital Lending suite of solutions, please click here.
About TransUnion
TransUnion is a leading global risk and information solutions
provider to businesses and consumers. The company provides consumer
reports, risk scores, analytical services and decisioning
capabilities to businesses. Businesses embed its solutions into
their process workflows to acquire new customers, assess consumer
ability to pay for services, identify cross-selling opportunities,
measure and manage debt portfolio risk, collect debt, verify
consumer identities and investigate potential fraud. Consumers use
its solutions to view their credit profiles and access analytical
tools that help them understand and manage their personal
information and take precautions against identity
theft. www.transunion.com
We call this Information for GoodSM.
http://www.transunion.com/business
About iLendx, LLC.:Based in Texas, the team at
iLendx creates innovative digital lending and banking capabilities
for financial institutions. As a strategic partner of TransUnion,
iLendx, co-developed Mobile Offers NowSM a platform that delivers
credit offers directly to a bank’s customers through mobile device
technology. iLendx is also the creator of the Digital Lending
Experience (DLX), a subscription based platform for financial
intuitions which revolutionizes the origination of auto loans,
credit cards, unsecured loans, HELOCs and new account opening for
checking & savings products. DLX is used by large institutions
like AAA, credit unions and community banks like Broadway
National. www.iLendx.com
Contact |
Dave Blumberg |
|
TransUnion |
E-mail |
david.blumberg@transunion.com |
Telephone |
312-972-6646 |
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