TransUnion Introduces First Credit Scoring Model to the Dominican Republic; Market Now Able to Capitalize on Better Business Decisions Involving Risk
SANTO DOMINGO, Dominican Republic--May 9, 2006--TransUnion Score Predictivo made its debut today as the Dominican Republic's first generic risk scoring model. Brought to the market by TransUnion, Score Predictivo analyzes the historical data in a consumer's credit file and produces a single numeric score that predicts the likelihood of the consumer becoming more than 90 days pass due on any one account over the next 12 months.By using TransUnion Score Predictivo, financial institutions and credit grantors are better able to manage and forecast their portfolios and greatly reduce the potential of credit loss. Additionally, credit grantors can use the scoring model throughout the customer life cycle to improve marketing efforts, pricing, product management, customer retention program and collection efforts.
"This easy-to-interpret scoring model will provide a greatly needed, unbiased credit risk management tool to the marketplace," said TransUnion's Jeffrey Poyo, general manager, Dominican Republic. "Predicting the future has never been easy, but with TransUnion Score Predictivo, capitalizing on its opportunities has never been this straightforward."
TransUnion Score Predictivo was developed using 100 percent Dominican credit information and more than 39 credit variables analyzed over a four-year period. The scoring model was developed by TransUnion CRIF Decision Solutions LLC, a joint venture company by TransUnion and CRIF, continental Europe's leading market player in the credit reporting and decision support systems segment. Together, TransUnion and CRIF are the largest owners or operators of credit bureaus worldwide and have developed multitudes of scoring models for various industries and countries.
To learn more about TransUnion Score Predictivo and how to implement it in your business model, contact Ricardina Torres at 809-227-1888 or rtorres@transunion.com.do .
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 Michael Brandfon (mbrandf@transunion.com) at 312-985-2779 or Cliff O'Neal (coneal@transunion.com) at 312-985-2540.