FINTECHS IN TRANSUNION At TransUnion we have ten years of experience working with the FinTech industry around the world. In the United States and the United Kingdom, we were partners with FinTechs since their inception, when the FinTech world was still considered a novelty. We are participants and witnesses to the transformative effect that FinTechs have had on the financial services industry in these developed markets and how they established themselves as relevant competitors in their sectors. From the United States and the United Kingdom, TransUnion’s efforts with the FinTech industry have expanded around the world. Today FinTechs have dedicated resources at TransUnion whose objective is to identify, shape and satisfy the particular needs of FinTechs in terms of data,
analysis, innovation, speed, solutions and technology. Today we have exclusive teams to work with FinTechs in ten countries: United States, United Kingdom, Colombia, Canada, Brazil, India, Hong Kong, Philippines, South Africa and Kenya. Although in recent years most FinTechs have defined growth as their main objective, today there is a greater interest in the profitability of this industry. The acquisition of clients as an expansion mechanism continues to be key within the life cycle of FinTechs; however, the focus on profitability has become decisive to guarantee its sustainability. Today, more selective capital investments are made in order to –in addition to growth– generate profitability.
TRANSUNION |
77
