TransUnion’s Lifestyle Assessment product enables organisations to identify fraud and corruption indicators linked to employees and suppliers.
As a credit bureau TransUnion has access to a big consumer data universe. It holds a wealth of information on consumers – their payment profiles (affording the bureau an understanding of how financially distressed someone is), information on the ownership of assets such as vehicles and properties, including how much is still outstanding on them, and more.
TransUnion essentially has a bird’seye view of the financial standing of the average South African consumer, making it uniquely placed to help with the fight against corruption with the rollout of its Lifestyle Assessment – a service that enables organisations to identify fraud and corruption indicators linked to employees and suppliers. TransUnion runs this service on employees and suppliers on behalf of organisations – sometimes not to find the rotten apple, but to also help find apples that are at a greater risk of rotting, in what they call risk segmentation.
Finding the devil in the detail
This story is from the 29 August 2019 edition of Finweek English.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the 29 August 2019 edition of Finweek English.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.
