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TransUnion - TRU STOCK NEWS

Welcome to our dedicated page for TransUnion news (Ticker: TRU), a resource for investors and traders seeking the latest updates and insights on TransUnion stock.

TransUnion (NYSE: TRU) is a global leader in information and insights, providing innovative solutions to businesses and individuals worldwide. Serving approximately 45,000 companies and over 500 million customers across 33 countries, TransUnion's mission is to empower economies by offering reliable and actionable consumer information.

Core Business: As one of the three leading credit bureaus in the United States, TransUnion is pivotal in the credit granting process. The company offers a wide range of services, including credit reporting, fraud detection, marketing, and advanced analytics. By leveraging its extensive data, TransUnion helps businesses manage risk, improve marketing strategies, and enhance customer experiences.

Recent Achievements and Partnerships: In April 2024, TransUnion partnered with GrowthLoop to enhance identity resolution and marketing solutions. This collaboration addresses the challenges marketers face due to low match rates in digital advertising, offering improved audience targeting and campaign efficacy.

Financial Condition and Global Presence: TransUnion generates about a quarter of its revenue from international markets, operating in over 30 countries. The company continues to expand its global footprint through strategic acquisitions and technology investments, ensuring robust financial health and sustained growth.

Products and Services:

  • Credit Information: Comprehensive consumer credit reports that support lending decisions.
  • Fraud Detection: Advanced solutions to identify and mitigate fraudulent activities.
  • Marketing Solutions: Data-driven strategies to enhance customer acquisition and retention.
  • Analytical Services: Insights and analytics that drive business intelligence and decision-making.

Current Projects: TransUnion is continuously innovating to improve its offerings. Recent initiatives include enhanced identity threat intelligence technology and updated consumer financial strain analysis, helping government agencies better support constituents during economic challenges.

Commitment to Trust and Innovation: TransUnion's motto, Information for Good®, reflects its dedication to fostering trust and economic opportunity. By providing a reliable and comprehensive view of consumers, TransUnion enables confident transactions and significant achievements for individuals and businesses alike.

News

TransUnion Announces First Quarter 2024 Results

Rhea-AI Summary
TransUnion (TRU) exceeded first quarter 2024 financial guidance, achieving its first $1 billion revenue quarter. Revenue grew by 9%, driven by U.S. mortgage, International, and Emerging Verticals. Adjusted Net Income was $179 million, with a 11% increase in Adjusted EBITDA. The company raised its 2024 financial guidance to 5-6.5% revenue growth for the year.
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GrowthLoop and TransUnion Unite to Optimize Advertising Spend by Boosting Audience Reach

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GrowthLoop and TransUnion have joined forces to enhance advertising spend optimization by improving audience reach. The partnership aims to address low audience match rates in paid advertising, resulting in better return on ad spend. By combining GrowthLoop's audience layer with TransUnion's TruAudience® Marketing Solutions, marketers can now reach a higher percentage of their target audience, suppress current customers, optimize ABM strategies, provide a seamless cross-channel experience, and achieve business goals more effectively.
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ID5 Announces $20 Million in Series B Funding

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ID5, a leading identity provider for digital advertising, secures a $20 million Series B funding round, the largest in the identity space, showcasing confidence in its innovative approach. TransUnion and S4S Ventures join existing investors to support ID5's privacy-first advertising identity service, marking a strategic shift in investment trends amidst regulatory changes and cookie deprecation. ID5's technology, adopted globally, serves thousands of publishers, advertisers, and ad tech platforms, with almost 50% of online advertising transactions supported by ID5.
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Six out of 10 Property Managers Experienced Fraud in Past Two Years

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TransUnion's research reveals alarming levels of late fraud detection in the rental market, with 38% of property managers identifying fraud only after the applicant moved in. The Multifamily Report highlights the growing threat of fraud in the industry, leading to increased evictions and financial losses.
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TransUnion and MRI-Simmons Collaborate to Enable Addressability throughout the Advertising Ecosystem

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TransUnion (TRU) partners with MRI-Simmons to enhance consumer data insights and addressable marketing ecosystem, benefiting advertisers and publishers.
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TransUnion Announces Earnings Release Date for First Quarter 2024 Results

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TransUnion (TRU) to release Q1 2024 financial results on April 25, 2024, followed by an earnings conference call. The press release and webcast will be accessible on the company's Investor Relations website.
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TransUnion Report Indicates Suspected Digital Fraud in Nearly 14% of All Newly Created Global Digital Accounts in 2023

Rhea-AI Summary
TransUnion's 2024 State of Omnichannel Fraud Report reveals a surge in suspected synthetic identities impacting lenders with $3.1 billion exposure, driven by digital fraud tactics. The study highlights a paradigm shift among fraudsters towards creating new accounts using synthetic identities, leading to a 63% increase in lender exposure since 2020. Synthetic identity fraud emerged as the fastest-growing digital fraud type globally, with a 14.2% YoY increase. Retail and gaming industries faced the highest rates of suspected digital fraud in 2023, with global transactions showing a 5% suspected digital fraud rate.
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TransUnion Technology Transformation Reaches Next Phase with Introduction of OneTru™, a Platform Built for AI-Powered Data Collaboration

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TransUnion (TRU) launches OneTru solution enablement platform, integrating data and analytics for better consumer insights. The platform enhances identity resolution, fraud prevention, and marketing solutions through AI and ML technologies.
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TransUnion to Present at the 2024 BofA Securities Information Services Conference

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TransUnion (TRU) CFO Todd Cello to present at BofA Securities Information Services Conference on March 14, 2024. Webcast details provided for investors.
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Survey Reveals Employers Prioritize Holistic Wellness Over Price When Selecting Employee Benefits

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IdentityForce research highlights financial, physical, mental, and digital health as top employer concerns
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FAQ

What is the current stock price of TransUnion (TRU)?

The current stock price of TransUnion (TRU) is $95.11 as of December 20, 2024.

What is the market cap of TransUnion (TRU)?

The market cap of TransUnion (TRU) is approximately 18.4B.

What services does TransUnion offer?

TransUnion offers credit reporting, fraud detection, marketing solutions, and advanced analytics services.

How many countries does TransUnion operate in?

TransUnion operates in over 30 countries, serving businesses and consumers worldwide.

Who are TransUnion's customers?

TransUnion serves around 45,000 companies and over 500 million customers globally.

What is TransUnion's partnership with GrowthLoop about?

TransUnion partnered with GrowthLoop to enhance identity resolution and marketing capabilities, improving audience targeting and campaign effectiveness.

How does TransUnion contribute to economic opportunities?

TransUnion provides reliable consumer information and innovative solutions, enabling confident transactions and significant achievements for individuals and businesses.

What is TransUnion's motto?

TransUnion's motto is 'Information for Good®,' reflecting its commitment to trust and economic empowerment.

How does TransUnion help with fraud detection?

TransUnion offers advanced fraud detection solutions that identify and mitigate fraudulent activities to protect businesses and consumers.

What recent technological advancements has TransUnion made?

TransUnion has recently developed enhanced identity threat intelligence technology and updated consumer financial strain analysis to support better decision-making.

What is the significance of TransUnion's credit information services?

TransUnion's credit information services provide comprehensive consumer credit reports, which are essential for lending decisions and managing credit risk.

How does TransUnion support government agencies?

TransUnion's solutions help government agencies identify financial strains among constituents and provide differentiated support, improving access to critical programs and services.

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TransUnion

NYSE:TRU

TRU Rankings

#573 Ranked by Market Cap
#2035 Ranked by Dividends

TRU Stock Data

18.38B
194.35M
0.24%
104.59%
2.19%
Financial Data & Stock Exchanges
Services-consumer Credit Reporting, Collection Agencies
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