TransUnion Launches New Models Focused on Bankruptcy
TransUnion has announced newly updated TransUnion Account Management and TransUnion New Account scoring models claiming that "both models experienced improvements, over the previous versions, in their ability to identify bankrupt accounts -- in some cases by as much as 32 percent."
"It is integral to our business customers that our scoring models provide the necessary insight that is relevant in today's dynamic and challenging financial market," said Chet Wiermanski, group vice president, Analytic and Decision Services. "While results on portfolios may differ, our latest scoring models have proven to be quite valuable for the financial services industry. As the use and application of consumers' credit information evolves and expands to new, financial-related vertical markets, the improved performance in both models continues to reinforce that TransUnion risk solutions continue to meet and exceed the demands of today's market."
"The value of the New Account Model is even greater in today's business climate as the ability to identify profitable new prospects can significantly impact a company's balance sheet," said Wiermanski.
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