TransUnion Pairs with The University of Texas at Austin McCombs School of Business for Research on Financial Data Privacy and Transparency

Rhea-AI Summary

TransUnion (NYSE: TRU) has announced a multi-year partnership with The University of Texas at Austin's McCombs School of Business. This three-year collaboration aims to advance research in financial data science and consumer privacy within AI systems. TransUnion will support the McCombs Center for Analytics and Transformative Technologies, focusing on talent recruitment and enhancing collaborative research. Venkat Achanta, TransUnion's Chief Data and Analytics Officer, will work closely with students and researchers, emphasizing the company’s commitment to financial inclusion and privacy.

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• Partnership with The University of Texas at Austin aims to enhance research and development in financial data science.
• TransUnion's commitment to explore consumer privacy in AI systems may lead to innovative solutions and improved services.
• Collaboration with graduate students provides opportunities for practical applications of data science and machine learning.

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• None.

CHICAGO and AUSTIN, Texas, Aug. 09, 2022 (GLOBE NEWSWIRE) -- In a new collaboration of industry and academia designed to push the frontiers of financial data science, TransUnion (NYSE: TRU) has initiated a multi-year gift and embedded partnership with The University of Texas at Austin McCombs School of Business.

The global information and insights company will enter a three-year partnership with the McCombs Center for Analytics and Transformative Technologies, with a goal to advance research-and-development, talent recruitment, and deep collaboration with others who are shaping this dynamic industry.

The center’s researchers will help TransUnion explore transparency and consumer privacy in the context of AI systems, according to Venkat Achanta, TransUnion Executive Vice President and Chief Data and Analytics Officer. Achanta will serve as executive-in-residence at the center, officing at the McCombs School and interacting daily with researchers and students.

“Through this partnership, we’re organizing and revolutionizing the next step in data science and analytics,” Achanta said. “TransUnion has a passion for future-proof privacy and for financial inclusion, and McCombs offers the skillset to change the landscape around these areas.”

Michael Sury, McCombs finance faculty member and director of the center, cited multiple areas of synergy: “We anticipate collaborative research projects with TransUnion across the McCombs School, including in our departments of information, risk, operations management, finance, and marketing. We’re also excited about what the partnership means for student mentorship, including the chance for teams of graduate students to put their data science and machine learning talents toward solving applied business problems.”

The center also offers cross-disciplinary collaboration with UT’s departments of engineering and computer science, along with opportunities to team with other blue-chip companies at the center investing in AI, analytics, and data science research.

“At TransUnion, we believe that information can help people around the world access the opportunities that lead to a higher quality of life,” Achanta said. “The research we’re fostering here ties directly to how we can safeguard privacy while enhancing consumers’ access to opportunity.”

“We’re thrilled to join one of the world’s largest analytics and credit reporting agencies in their effort to improve their consumers’ experience and forge new paths in this vitally important field,” said McCombs Dean Lillian Mills. “This seamless fusion of academic and industry interests is the genesis for groundbreaking work.”

About TransUnion (NYSE: TRU)

TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing an actionable picture of each person so they can be reliably represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good®.

A leading presence in more than 30 countries across five continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people.

http://www.transunion.com/business

Contacts:

Dave Blumberg, TransUnion, david.blumberg@transunion.com, 312-972-6646

Judie Kinonen, The University of Texas at Austin McCombs School of Business, Judie.Kinonen@mccombs.utexas.edu, 409-356-3324

FAQ

What is the partnership between TransUnion and The University of Texas at Austin?

TransUnion has initiated a multi-year partnership with The University of Texas at Austin's McCombs School of Business to advance research in financial data science and consumer privacy.

What are the goals of the TransUnion and UT Austin partnership?

The partnership aims to enhance research and development, improve talent recruitment, and foster collaboration in financial data science.

Who is Venkat Achanta, and what is his role in the partnership?

Venkat Achanta is the Chief Data and Analytics Officer at TransUnion and will serve as executive-in-residence at the McCombs Center.

How long is the partnership between TransUnion and the McCombs School of Business?

The partnership is set for three years.

What areas will the collaboration between TransUnion and UT Austin cover?

The collaboration will cover consumer privacy in AI systems and practical applications of data science.