TransUnion Recognized for Best Authentication Innovation by Datos Insights
Rhea-AI Summary
TransUnion (NYSE: TRU) has received the 2024 Impact Award for Best Authentication Innovation from Datos Insights. The award, part of the annual Fraud & AML Impact Awards program, recognizes innovations in financial crime solutions. TransUnion TruValidate™ was honored for its ability to combat identity fraud by examining credit behavior and identity elements shared among consumers. This dual approach helps reduce false positives and identify synthetic identities more accurately. The TruValidate suite integrates identity proofing, risk-based authentication, and fraud analytics, offering a comprehensive consumer profile by linking diverse data types. It serves industries like Banking, FinTech, and Gaming, providing effective, personalized, and flexible solutions.
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Datos Insights recognizes innovations leading the industry and pioneering new and disruptive financial crime products and capabilities
CHICAGO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) announced today that it has received the 2024 Impact Award for Best Authentication Innovation by Datos Insights as part of its annual Fraud & AML Impact Awards program.
The Datos Insights Fraud & AML Impact Awards program identifies organizations and vendors whose new and disruptive financial crime solutions more effectively and efficiently counter escalating financial crime threats. The Best Authentication Innovation is awarded to new solutions or innovations that deliver best-in-class identity proofing and/or user authentication. Winners were selected by a panel of fraud and AML industry experts and Datos Insights strategic advisors. 2024 marks the fourth year of the program.
TransUnion TruValidate™ helps organizations combat identity fraud by identity proofing applicants and authenticating existing customers. It recently improved its synthetic identity fraud detection during the identity proofing process by examining both the credit behavior of the consumer and how the consumer shares identity elements with others. Examining identity connectors concurrently with consumer credit profiles enables organizations to maximize their capture of true synthetic identities while decreasing false positives.
“We are honored to have received a Fraud & AML Impact Award for Best Authentication Innovation by Datos Insights,” said Steve Yin, global head of fraud at TransUnion. “As fraudsters increasingly threaten financial institutions through the use of synthetic identities to penetrate their account portfolios, innovation is essential as we work to stay one step ahead of them. TransUnion is committed to maintaining the spirit of innovation required to protect our customers and their resources now and in the future.”
The highly configurable TransUnion TruValidate suite incorporates identity proofing, risk-based authentication and fraud analytics. It also delivers an actionable and robust view of each consumer by linking proprietary data, personal data, device identifiers and online behaviors. This allows organizations across different industries, including Banking, FinTech, Gaming, and more, to help protect their businesses and focus on offering effective, personalized and friction-right experiences through a light-touch and flexible integration.
To learn more about TransUnion’s TruValidate Identity Insights solution, please click here.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
http://www.transunion.com/business
| Contact | Dave Blumberg TransUnion | |
| david.blumberg@transunion.com | ||
| Telephone | 312-972-6646 | |
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