Printer Friendly
The Free Library
23,389,518 articles and books


TransUnion Adds Five New Subscribers in Trinidad and Tobago Market; Credit Bureau Information Benefiting Both Individuals and Lending Community.

PORT OF SPAIN, Trinidad -- TransUnion today added five new subscribers to its growing credit reporting network in Trinidad and Tobago. The new subscribers, Digicel, Intercommercial Bank Ltd, Sagicor, Western United Credit Union and Venture Credit Union Cooperative Society 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 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 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.

About TransUnion

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 that enable customers to manage risk and capitalize on market opportunities. The company uses advanced technology coupled with extensive analytical 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.

Graphics and/or photographs to accompany this release can be obtained by members of the media by contacting Mike Brandfon (mbrandf@transunion.com) at 312-985-2779 or Cliff O'Neal (coneal@transunion.com) at 312-985-2540.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 26, 2006
Words:424
Previous Article:New Data Show FUZEON(R) Continues to Provide Significant Immune System Benefits in Patients Despite Ongoing Viral Replication.
Next Article:Adobe Further Extends Leadership in Digital Photography Raw File Workflows; Adobe Acquires Technology Assets of Pixmantec ApS.
Topics:



Related Articles
Trinidad and Tobago: a strategic location for investing in the Americas: regional hub bidding to host FTAA secretariat.
Trinidad and Tobago is the premier candidate to host the FTAA Secretariat.
Latin America and the Caribbean.
Five facts about your credit.
Island hopping: an Irish upstart marches its way across the Caribbean in search of wireless riches.
Latin America and the Caribbean.
T&T HAVING A BLAST TINY ISLANDS DO MORE WITH LESS.
Making the grade: new scoring system introduced by credit agencies.
Latin America and the Caribbean.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters