WHITE PLAINS, N.Y., and CHICAGO, Sept 09, 2008 /PRNewswire via COMTEX/ -- Argus Information and Advisory Services and TransUnion today jointly launched Credit Dynamics 360(SM), the first solution that provides senior financial services executives with a comprehensive and customized view of the U.S. consumer credit landscape. With industry-trended data back through 1999 on 75 depersonalized key credit characteristics, the product allows financial services companies to compare and analyze performance going forward of their customers and their accounts as well as establish benchmarks against the industry overall and their competitors.
"As uncertainties continue in today's economic climate in the U.S. credit industry, the Credit Dynamics 360(SM) solution offered through Argus provides customized data that can help a financial institution better understand and adapt to changes in the economic market," said Steve Sassaman, executive vice president of TransUnion's Financial Services unit. "Financial services executives will be able to quickly pinpoint areas where their business is moving with or shifting against industry trends."
As part of the credit characteristic trend analysis, customers will receive detailed quarterly reports, executive summaries and bi-annual management presentations.
Some of the key areas of comparison Credit Dynamics 360(SM) offers include:
-- Delinquencies
-- Geography
-- Account Originations
-- Credit Line Management
-- Outstanding Balance Trends
-- Market Share
"Partnering with TransUnion allows us to expand both the breadth and depth of data we are providing to our clients," said Len Laufer, chief executive officer of Argus Information and Advisory Services. "There is no other source of credit industry benchmark data that allows companies to better understand how they are performing relative to key compare points."
Credit Dynamics 360(SM) is initially focused on credit card products and the first of several solutions that will be offered through the newly formed partnership of TransUnion and Argus. Start-up activities associated with Credit Dynamics 360(SM) are minimal and more information is available by contacting Lisa Bonalle (lbonalle@argusinformation.com) at 914-307-3140.
About Argus Information and Advisory Services
Argus is an innovative provider of information, scoring solutions and advisory services to financial institutions. Argus information solutions aggregate and validate consumer transaction, behavior and pricing data and provide information to support strategic, risk management and marketing decisions. Argus scoring solutions integrate data across production systems and provide accurate and timely account level profitability information. Our consultants work collaboratively with our clients focusing on customer and profitability management through leading-edge analytics and execution. Argus was founded in 1997 and maintains offices in White Plains, New York and London.
About TransUnion
As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs more than 3,600 employees in more than 25 countries on five continents.
Graphics and/or photographs to accompany this release can be obtained by members of the media by contacting Cliff O'Neal (coneal@transunion.com) at 312-985-2540 or Dave Blumberg (dblumbe@transunion.com) at 312-985-3059.
SOURCE TransUnion
