Robust economic growth and record-low inflation in the second quarter are creating a favorable environment for accelerated credit expansion in the Philippines, according to a report from global information and insights firm TransUnion. The report, citing the TransUnion Credit Perception Index (CPI)...
More Filipinos are exposed to fraudsters’ schemes and suffer financial loss worse than in other countries globally, as the Philippines ranks second among countries with high suspected digital fraud rates. According to data from TransUnion’s global intelligence network released April 29,...
TransUnion, a global information and insights firm, on Tuesday, Feb. 11, announced it appointed Peter Faulhaber as president and chief executive officer (CEO) of its Philippines office. In this role, Faulhaber will oversee the operations of TransUnion Philippines, reporting directly to its board,...
Global information and insights firm TransUnion launched the Fraud Industry Council (FIC) in the Philippines to address the growing concern of fraud targeting consumers and businesses. In a statement, TransUnion said the initiative brought together leading banks in a collective effort to...
Credit has become an increasingly prevalent financial tool, facilitating access to funds for various purposes such as education, housing, and entrepreneurship. However, the attitudes and perceptions of Filipinos toward credit are influenced by a complex interplay of cultural, economic, and social...
Majority (80%) of Filipinos expect their income to increase this year despite a higher number of individuals convinced that the domestic economy would go into recession. Global information and insights company and the Philippines’ first comprehensive private credit reference agency, TransUnion...
The rate of suspected digital fraud attempts originating from the Philippines decreased by 11 percent in the second quarter this year versus the first quarter, according to the TransUnion quarterly fraud analysis. According to the report, the largest declines from Philippine-based transactions were...
TransUnion (NYSE: TRU), a global information and insights provider, released a new global study focusing on credit unserved and underserved consumers – “Empowering Credit Inclusion: A Deeper Perspective on Credit Underserved and Unserved Consumers.” The global study included analysis of...
TransUnion Philippines has launched a one-stop credit scoring solution to ensure Filipino adults get improved scores and facilitate approvals of their credits. Dubbed CreditVision Link, the solution provides lenders with an enhanced ability to provide credit to millions of potentially valid...
Information and insights company TransUnion has teamed up with Philippine cooperatives to boost lending confidence and boost financial inclusion in the country. In a statement, TransUnion said it has reached an agreement with 1 Cooperative Insurance System of the...
Ninety-three percent of Filipinos have seen their household income negatively impacted by the COVID-19 pandemic with one in every household either lost his job or experienced a pay cut, according to a new survey. New research from TransUnion (NYSE: TRU) found that 93 percent of Filipinos surveyed...
A year after the COVID-19 pandemic began, fraudsters from the Philippines are increasing their digital schemes against businesses with 44 percent of consumers been targetted, according to a study. Provisional findings of TransUnion’s recent Global Consumer Pulse Study found that as of March...
