TransUnion (NYSE: TRU) and MoneyLion (NYSE: ML) will be working together. MoneyLion will be utilizing TransUnion’s data and credit solutions as part of its hosted credit-decisioning platform.
Dee Choubey, co-founder and CEO of MoneyLion, said by integrating Transunion’s credit data they will be able to deliver a broader range of services better caered to the user.
Regarding financial institutions seeking to service consumers the data should be able to help these firms to attract customers and present them with the most suitable products .
MoneyLion provides an App based service that allows access to credit and other banking services as well as crypto trading. The company reports over 14 million customers.