TransUnion UK introduced the provision of its Modelled Revenue Evaluation answer this week.
The brand new providing sits inside the corporate’s Affordability Report and helps lenders make revenue estimates to information affordability selections.
TransUnion’s new answer comes at a time of larger volatility in client incomes, making it more difficult for lenders who require correct revenue information.
A brand new answer from TransUnion UK will assist lenders make affordability selections with larger confidence. Sitting inside the corporate’s Affordability Report, TransUnion’s Modelled Revenue Evaluation answer estimates month-to-month revenue at configurable confidence thresholds. This permits proportional affordability checks and an revenue estimate in step with client-agreed customized thresholds, permitting lenders to tailor outputs to their very own danger appetites.
“The way in which folks earn and handle cash has essentially shifted,” TransUnion UK Chief Product Officer Kelli Fielding mentioned. “Incomes are extra unstable, information gaps are extra widespread, and lenders are underneath rising strain to proof affordability selections. Modelled Revenue supplies lenders with a reliable, data-driven proxy that fills essential gaps in affordability methods, with out including friction for customers or compliance danger for lenders.”
TransUnion’s new providing comes as analysis signifies that greater than a 3rd of adults within the UK noticed revenue modifications over the earlier three months. TransUnion’s Client Pulse Q1 2026 Survey displays client revenue patterns and family funds which are more and more unstable and underneath strain. This has created challenges for lenders who require dependable revenue information and insights, particularly when entry to conventional wage info is inconsistent or troublesome to entry.
With Modelled Revenue Evaluation, lenders now not need to attempt to generate a exact pound-value prediction. The brand new providing from TransUnion UK supplies an estimate of a person’s internet month-to-month revenue and leverages superior machine studying know-how to ship proportional affordability assessments in actual time. The answer additionally addresses consumer demand for frictionless alternate options to handbook verification similar to open banking.
“Expectations round affordability assessments proceed to rise as regulation, similar to Client Obligation, calls for richer affordability information, clear proof of truthful outcomes, earlier identification of vulnerability, and assist for purchasers exhibiting indicators of economic stress,” TransUnion UK Director of Credit score Clare Hollis mentioned. “Modelled Revenue is designed to sit down inside sturdy mannequin danger administration frameworks and deal with regulatory strain for equity and acceptable client outcomes, whereas serving to lenders streamline onboarding and cut back pointless friction within the buyer journey.”
A world info and insights firm with greater than 12,000 associates working in 30+ international locations, TransUnion most lately demonstrated its know-how at FinovateSpring 2024 in San Diego. On the convention, the corporate demonstrated its Enhanced BreachIQ answer, which replaces one-size-fits-all assets with fashionable, gamified client identification safety. The providing generates an Identification Security Rating based mostly on a person’s particular person information breach historical past, Breach Threat Scores that measure the severity of an incident during which their information was uncovered, and a Customized Motion Plan to supply sensible, efficient mitigation steps to scale back danger.
TransUnion UK’s launch announcement comes on the identical time that the corporate inked a multi-year partnership settlement involving Marshmallow Insurance coverage and information specialist Percayso Inform. The partnership is an extension of Marshmallow’s and Percayso’s relationship, however marks the primary time Percayso will ship TransUnion information throughout the insurance coverage and auto finance sectors for Marshmallow by way of Percayso’s platform.
Photograph by Aron Van de Pol on Unsplash
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