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 higher volatility in shopper 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 higher confidence. Sitting inside the corporate’s Affordability Report, TransUnion’s Modelled Revenue Evaluation answer estimates month-to-month revenue at configurable confidence thresholds. This allows proportional affordability checks and an revenue estimate according to client-agreed customized thresholds, permitting lenders to tailor outputs to their very own threat appetites.
“The way in which individuals earn and handle cash has basically shifted,” TransUnion UK Chief Product Officer Kelli Fielding stated. “Incomes are extra risky, information gaps are extra frequent, and lenders are underneath rising stress to proof affordability selections. Modelled Revenue supplies lenders with a reliable, data-driven proxy that fills important gaps in affordability methods, with out including friction for customers or compliance threat 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 Shopper Pulse Q1 2026 Survey displays shopper revenue patterns and family funds which might be more and more risky and underneath stress. 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 web month-to-month revenue and leverages superior machine studying know-how to ship proportional affordability assessments in actual time. The answer additionally addresses shopper demand for frictionless alternate options to guide verification equivalent to open banking.
“Expectations round affordability assessments proceed to rise as regulation, equivalent to Shopper Responsibility, calls for richer affordability information, clear proof of truthful outcomes, earlier identification of vulnerability, and assist for purchasers displaying indicators of monetary stress,” TransUnion UK Director of Credit score Clare Hollis stated. “Modelled Revenue is designed to take a seat inside sturdy mannequin threat administration frameworks and handle regulatory stress for equity and applicable shopper outcomes, whereas serving to lenders streamline onboarding and scale 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 just 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 trendy, gamified shopper id safety. The providing generates an Identification Security Rating primarily based on a person’s particular person information breach historical past, Breach Threat Scores that measure the severity of an incident through which their information was uncovered, and a Personalised Motion Plan to supply sensible, efficient mitigation steps to scale back threat.
TransUnion UK’s launch announcement comes on the similar 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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