TransUnion (TRU - Free Report) 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 (SPGI - Free Report) , Nielsen and Charles River Associates (CRAI - Free Report) , 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.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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TransUnion (TRU - Free Report) 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 (SPGI - Free Report) , Nielsen and Charles River Associates (CRAI - Free Report) , 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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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