TransUnion Adds Five New Subscribers in Trinidad and Tobago Market; Credit Bureau Information Benefiting Both Individuals and Lending Community.
PORT OF SPAIN Port of Spain, city (1990 pop. 50,878), capital of Trinidad and Tobago, on the Gulf of Paria. It is the industrial and commercial center of the country. From 1958 to 1962, Port of Spain was the capital of the dissolved Federation of the West Indies; in 2005 it became , Trinidad -- TransUnion today added five new subscribers to its growing credit reporting network in Trinidad and Tobago Trinidad and Tobago (trĭn`ĭdăd, təbā`gō), officially Republic of Trinidad and Tobago, republic (2005 est. pop. 1,088,000), 1,980 sq mi (5,129 sq km), West Indies. The capital is Port of Spain. . The new subscribers, Digicel, Intercommercial Bank Ltd, Sagicor, Western United Credit Union and Venture Credit Union Cooperative Society cooperative society
a commercial enterprise owned and run by customers or workers, in which the profits are shared among the members Ltd, will begin reporting payment and other types of information about their customers beginning later this year.
"TransUnion is providing an infrastructure that empowers individuals in Trinidad and Tobago to finance their dreams through credit," said TransUnion's Ramesh Lutchman, general manager, Trinidad and Tobago. "We are committed to growing our network in these markets by partnering with financial institutions of all sizes to make our database as vast and robust as possible. We have already come a long way in a short amount of time."
TransUnion operates the first fully automated au·to·mate
v. au·to·mat·ed, au·to·mat·ing, au·to·mates
1. To convert to automatic operation: automate a factory.
2. credit bureau in Trinidad and Tobago. Currently, the top banks in these markets report consumer payment information to the company, which amounts to credit data on more than 60 percent of the borrowing public. As more financial institutions join TransUnion's network of subscribers, industry leaders are expecting middle-sized and community lenders to follow suit.
"We believe in a fully functional, automated credit system for Trinidad and Tobago," said Patrick Tam, general manager of Venture Credit Union Cooperative Society Ltd. "The ability to make more informed lending decisions based on an individual's creditworthiness Creditworthiness
The condition in which the risk of default on a debt obligation by that entity is deemed low.
Eligibility of an individual or firm to borrow money. is powerful. Not only does it help the lending community to make more informed decisions, but it enables individuals to obtain more credit at the best interest rates possible."
TransUnion opened its operations in Trinidad and Tobago in July 2004 and currently offers direct to consumer products and services and risk management solutions to businesses. The island nation represents one of 15 countries TransUnion operates in throughout the Americas, and is among the more than 30 countries in which the company has operations worldwide.
TransUnion is a leading global information solutions company that customers trust as a business intelligence partner and commerce facilitator. TransUnion offers a broad range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. that enable customers to manage risk and capitalize on Cap´i`tal`ize on`
v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. market opportunities. The company uses advanced technology coupled with extensive analytical analytical, analytic
pertaining to or emanating from analysis.
control of confounding by analysis of the results of a trial or test. capabilities to combat fraud and facilitate credit transactions between businesses and consumers across multiple markets. Founded in 1968, Chicago-based TransUnion employs 4,100 associates that support clients in more than 30 countries. Visit us at TransUnion.com.
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