TransUnion - TRU STOCK NEWS

TransUnion (NYSE: TRU) has appointed Susan Muigai as Executive Vice President and Chief Human Resources Officer, effective October 4, 2021. Muigai brings extensive experience in global HR strategy and management, focusing on organizational transformation and fostering a high-performance culture at TransUnion. Previously, she held senior roles at Walmart, overseeing 550,000 employees in 23 countries. Her expertise aims to align with TransUnion’s mission of creating trust in global commerce.

TransUnion’s Financial Services Summit highlighted the need for innovation in the banking sector to adapt to changing consumer preferences and a more competitive landscape. Key insights from the panelists emphasized leveraging cloud computing to reduce credit invisibility and enhance access for unbanked populations. With 244.3 million credit-active consumers in the U.S. as of Q2 2021, financial firms are urged to reskill their workforce, embrace diversity, and create a culture of experimentation. TransUnion is implementing a hybrid multi-cloud strategy to support these initiatives.

TransUnion (NYSE: TRU) will announce its third-quarter financial results for the period ending September 30, 2021, on October 26, 2021, at 6:00 a.m. CT. A conference call will follow at 8:30 a.m. CT to discuss these results. Investors can access the live webcast and press release on the TransUnion Investor Relations website. TransUnion operates in over 30 countries, offering solutions that promote economic opportunity and personal empowerment, aligning with their mission of providing trustworthy information.

TransUnion released a study detailing the growing demand for Buy Now, Pay Later (BNPL) and Point-of-Sale (POS) financing among consumers, particularly younger demographics. Contrary to concerns, these options do not significantly diminish the use of traditional credit. The study, presented at the 2021 Financial Services Summit, indicates a robust engagement from BNPL/POS applicants with traditional credit products. Over 32% of POS financing applicants are aged 18-30, indicating a shift in financing behavior that may expand the credit market.

TransUnion Healthcare and RIP Medical Debt have enhanced their partnership to alleviate medical debt burdens for U.S. patients. This collaboration has relieved over $5 billion in medical debt affecting nearly 3 million individuals. The updated model integrates TransUnion's data-driven insights into hospitals' revenue processes, facilitating the identification of patients in financial distress. The partnership aims to further empower healthcare providers to reduce uncollectible debt and improve patient support, thereby fostering better community health outcomes.

TransUnion (NYSE: TRU) announced a conference call regarding its agreement to acquire Neustar, scheduled for today at 9:00 a.m. CDT. The call will be led by President and CEO Chris Cartwright and CFO Todd Cello. This acquisition is expected to enhance TransUnion's information offerings and market presence, improving economic opportunities for businesses and consumers alike. The press release and presentation materials are available on the company's Investor Relations website, with a replay of the call also accessible afterwards.

TransUnion (NYSE: TRU) announced its largest acquisition to date, acquiring Neustar for $3.1 billion in cash. The deal, expected to close in Q4 2021, enhances TransUnion's identity resolution capabilities, anticipated to generate $575 million in revenue and $115 million in Adjusted EBITDA by 2021. The acquisition aims to drive growth through revenue synergies and strengthen fraud mitigation and digital marketing solutions. TransUnion expects the transaction to positively impact Adjusted Diluted EPS starting in 2023, diversifying its offerings beyond core credit services.

TransUnion's new research brief highlights strategies for credit unions to enhance loan growth and financial inclusion post-COVID-19. The study emphasizes the importance of trended and alternative data in improving lending practices, allowing institutions to better assess members’ financial situations. While many credit unions aim to adapt to changing dynamics and serve diverse populations, barriers such as technology adoption and costs remain significant, particularly for smaller institutions. The findings suggest that engaging underserved communities can lead to responsible growth in the current economic climate.

TransUnion (NYSE: TRU) will present at the Barclays Global Financial Services Conference on September 14, 2021, at 9:30 a.m. CDT. Chris Cartwright, President and CEO, and Steve Chaouki, President, U.S. Markets and Consumer Interactive, will lead the presentation. Investors can access a live webcast through the TransUnion Investor Relations website. Following the event, a replay will be made available online. TransUnion is a global insights company offering important data for businesses and consumers to establish trust in transactions.