Early-Stage Financial Technology Firms to Benefit from TransUnion and FinTech Sandbox Partn...

BOSTON & CHICAGO–(BUSINESS WIRE)– #Data –FinTech Sandbox today announced it has entered into a partnership with

TransUnion to help early-stage financial technology firms launch in the

marketplace. As part of the partnership,

TransUnion’s

will enable startups to test business model

concepts and refine their go-to-market strategies.

Early-Stage Financial Technology Firms to Benefit from TransUnion and FinTech Sandbox Partn...
Early-Stage Financial Technology Firms to Benefit from TransUnion and FinTech Sandbox Partn...

Non-profit FinTech Sandbox promotes innovation in the financial sector

by making data and infrastructure available to well-qualified FinTech

startups. Sandbox participants, in return, are expected to collaborate

with each other and share learnings and advancements that benefit the

FinTech ecosystem.

“We are partnering with FinTech Sandbox to power more startup innovation

across the entire consumer credit lifecycle,” said John Wirth, vice

president of FinTech strategy and market development at TransUnion.

“TransUnion’s unique data assets have been fueling much of today’s

changing consumer finance landscape. By making these resources available

to new startups, TransUnion is enabling the next generation of consumer

finance innovation.”

TransUnion’s Startup Credit Kit will provide Sandbox residents with

provisionary access to TransUnion’s cutting-edge CreditVision trended

credit data and alternative data as well as IDVision identity management

tools. Together, these solutions can help enable startups to test their

market assumptions, develop preliminary risk models and adjust strategy

in order to curtail the time to market.

“Providing startups with credit and fraud prevention data will encourage

the development of new tools, new products and new markets,” said Jean

Donnelly, executive director of FinTech Sandbox. “We expect the

partnership with TransUnion to be a real catalyst for innovation in

consumer lending, ultimately leading to better outcomes for consumers.”

Over 125 startups from around the world have been participants in

FinTech Sandbox’s program since it launched in 2015. Alumni include

MoCaFi, BetterFin, Stilt, FutureFuel, and Petal. Companies accepted to

the program have raised, in aggregate, more than $400 million.

About TransUnion (NYSE:TRU)

Information is a powerful thing. At TransUnion, we realize that. We are

dedicated to finding innovative ways information can be used to help

individuals make better and smarter decisions. We help uncover unique

stories, trends and insights behind each data point, using historical

information as well as alternative data sources. This allows a variety

of markets and businesses to better manage risk and consumers to better

manage their credit, personal information and identity. Today,

TransUnion has a global presence in more than 30 countries and a leading

presence in several international markets across North America, Africa,

Latin America and Asia. Through the power of information, TransUnion is

working to build stronger economies and families and safer communities

worldwide.

We call this Information for Good SM http://www.transunion.com/business

About FinTech Sandbox

FinTech Sandbox is a Boston-based nonprofit that promotes financial

technology innovation globally by providing free access to critical data

and resources to FinTech entrepreneurs and startups. Sponsors include

Amazon Web Services, Fidelity Investments, F-Prime Capital, Franklin

Templeton, Intel, State Street, Thomson Reuters, and Goodwin Procter.

For more information, please visit www.FinTechSandbox.org

and www.twitter.com/FinTechSandbox .

Contacts

FinTech Sandbox

Tatiana Urban

Head of Marketing

turban@fintechsandbox.org

or

TransUnion

David

Blumberg

Senior Director of Public Relations

david.blumberg@transunion.com
Early-Stage Financial Technology Firms to Benefit from TransUnion and FinTech Sandbox Partn...
Early-Stage Financial Technology Firms to Benefit from TransUnion and FinTech Sandbox Partn...

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