Canadian businesses can drive stronger growth and reduce identity fraud risks with truvalidate identity exchange from transunion®

Toronto, june 07, 2023 (globe newswire) -- transunion® (nyse: tru) has expanded truvalidate identity exchange across industries in canada to help financial institutions, credit card issuers, fintechs, telecommunications providers and other companies grow their business while combatting fraud with a new patent-pending, multi-layered approach to risk management and identity verification. combining advanced analytics and machine learning, identity exchange is a dynamic solution that proactively assesses identity fraud risk – for example, during an application process when consumers are applying for loans, credit cards or phone contracts – to enable businesses to more confidently approve authentic customers. early adopters of the solution have benefitted from increased acquisition while preventing fraud.
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