TransUnion Stock Price, News & Analysis

Neustar, a TransUnion company, has launched a new solution for AWS Clean Rooms, enhancing privacy-focused identity resolution and data collaboration. This solution integrates Neustar's identity graph and machine learning capabilities with AWS Clean Rooms, allowing clients to effectively connect and enrich various data sources. By resolving identity fragments, companies can improve match rates and build valuable audience insights. This collaboration aims to empower AWS customers in securely analyzing combined datasets without revealing underlying data. The initiative aligns with TransUnion's mission to facilitate trust in the modern economy.

TransUnion (NYSE: TRU) has made a strategic investment in Bud Financial Limited, a leader in Open Banking, aiming to foster innovation in personal finance. This partnership will enhance income verification processes, especially for consumers with limited credit history. CEO Satrajit Saha emphasized the goal of improving financial inclusion through accurate consumer insights. Bud's platform enhances client onboarding and financial service delivery, aiming to provide affordable lending options. Saha will join Bud's board to support growth, while TransUnion's international president sees opportunities for innovative solutions across markets.

TransUnion (NYSE: TRU) has appointed Linda Zukauckas to its Board of Directors as of January 30, 2023. Zukauckas, an accomplished financial leader, was previously the Chief Financial Officer at Nielsen Holdings and has held numerous executive roles at American Express and Ally Financial. Her expertise in strategy and finance is anticipated to enhance TransUnion's growth and development in data analytics. The board chair, Pamela Joseph, emphasized Zukauckas' leadership as crucial for positioning TransUnion as a global information company.

TransUnion published a global study revealing that new-to-credit consumers (NTC) perform comparably or better than established borrowers. In the U.S., 5.8 million consumers became NTC in 2021, followed by 3.0 million in early 2022, with Gen Z representing 59% of this group. The study indicates that NTC borrowers generally show lower delinquency rates compared to established borrowers within similar credit risk profiles. Convenience is a key factor for NTC borrowers when selecting lenders, and 57% remain loyal to their first lender for subsequent products. Approximately 60% of NTC consumers anticipate needing more credit in the next 3-5 years, highlighting their potential importance for lenders' growth.

TransUnion's recent study highlights significant changes in consumer behavior within the auto lease market, revealing a decline in leasing from 31% in January 2020 to 17% in July 2022. The study analyzed the actions of 3.8 million consumers who terminated leases, indicating that only 25% opted to lease again—a 40% drop since 2020. Additionally, 26% of consumers ended leases earlier in 2022 compared to 2019, representing a 63% increase. This shift towards financing new vehicle purchases could impact dealer profitability over time, despite short-term gains.

TransUnion (NYSE: TRU) announced that it will release its financial results for the fourth quarter ending December 31, 2022, on February 14, 2023, at 6:00 a.m. CT. A conference call will follow at 8:30 a.m. CT to discuss these results. The press release and a live webcast will be available on the company's Investor Relations website. TransUnion is a prominent global information and insights provider, operating in over 30 countries. The company aims to enhance economic opportunity and empower individuals by offering reliable data and insights.

TransUnion’s 2023 Trends and Outlook Report reveals a significant shift towards digitalization in the life insurance market, with over 40% of consumers utilizing online platforms for purchases. The report, based on a survey of 2,907 U.S. adults, indicates that while digital adoption is growing, 34% of consumers remain uninsured, mainly due to a lack of perceived need. Additionally, commercial insurance faces challenges, as 91% of respondents prefer online quotes, but only 28% have obtained one. Rate hikes could pressure insurers, prompting a need for more competitive pricing and efficient underwriting.

New Study on Outbound Communications

A recent study by Neustar, commissioned by Forrester Consulting, highlights that 87% of business executives see phones as crucial for customer outreach. However, challenges like spam tagging and fraud concerns hinder communication. Key findings show that 40% use customer contact solutions for optimization, leading to improved customer retention (57%) and satisfaction (68%). Furthermore, 69% of users report increased revenues attributed to better efficiency and customer experiences.