Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

TransUnion Teams Up With Rate Reset For Digital Capabilities

By Zacks Investment ResearchStock MarketsSep 19, 2019 10:25PM ET
www.investing.com/analysis/transunion-teams-up-with-rate-reset-for-digital-capabilities-200466572
TransUnion Teams Up With Rate Reset For Digital Capabilities
By Zacks Investment Research   |  Sep 19, 2019 10:25PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

TransUnion (NYSE:TRU) yesterday announced that it has collaborated with Rate Reset for a digital solution that brings FinTech experience to the credit union industry.

Known as “The Button”, it is a digital instant pre-qual solution that combines TransUnion’s credit data and risk capabilities with Rate Reset’s technology platform. It offers loan modification and batch preapproval capabilities and enables credit union members to check what rates and terms they qualify for without impacting their credit score.

“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,” said Sean Flynn, director of credit unions at TransUnion.

Our Take

The move is expected to help TransUnion strengthen its financial services client base and better compete in the market.

It should benefit the company’s Financial Services vertical, which is part of its U.S. Markets segment. In the last reported quarter, Financial Services revenues of $213 million increased 11% and 8%, respectively, on a reported and organic basis. The U.S. Markets revenues of $406 million increased 13% year over year on a reported basis and 8% on an organic basis.

We observe that shares of TransUnion have gained a massive 43.6% year to date, outperforming the 42.9% rally of the industry it belongs.

Stocks to Consider

TransUnion currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Business Services sector are S&P Global (NYSE:SPGI) , Nielsen (NYSE:NLSN) and Charles River Associates (NASDAQ:CRAI) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Long-term expected earnings (three to five years) growth rate for S&P Global, Nielsen and Charles River is 10%, 12% and 13% respectively.

Just Released: Zacks’ 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.6% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>



Nielsen Holdings Plc (NLSN): Free Stock Analysis Report

S&P Global Inc. (SPGI): Free Stock Analysis Report

TransUnion (TRU): Free Stock Analysis Report

Charles River Associates (CRAI): Free Stock Analysis Report

Original post

Zacks Investment Research
TransUnion Teams Up With Rate Reset For Digital Capabilities
 

Related Articles

TransUnion Teams Up With Rate Reset For Digital Capabilities

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email