NEW YORK, NY --(Marketwired - December 01, 2016) - PeerIQ, a leading provider of data and analytics in the marketplace lending sector, and TransUnion (
"Our partnership with TransUnion is a significant milestone for us, and together we intend to tackle the industry's major challenges," said Ram Ahluwalia, chief executive officer of PeerIQ. "Our clients are demanding through-cycle data histories, robust models and indices, cross-asset class comparisons and consensus valuation. We're eager to meet those needs by uniting with the best data partner in the space."
In addition to building authoritative data and derived analytics solutions for the industry, PeerIQ and TransUnion will collaborate on distribution and integration opportunities. As part of the partnership, Steve Chaouki, executive vice president and head of TransUnion's financial services business unit, will become a PeerIQ board observer.
"PeerIQ is an established thought leader on the efficient funding of consumer credit via the capital markets," said Chaouki. "We have great confidence in the PeerIQ analytics platform, a rich feature set for all institutional participants from loan buyers, to banks, to ABS investors. We see tremendous potential to both enhance PeerIQ's offerings with our data and unlock more client value as a natural extension of our solutions for originating lenders."
Arthur Levitt, former Securities and Exchange Commission Chairman and a backer of PeerIQ, said, "PeerIQ's partnership with TransUnion is an exciting opportunity for the industry. Enhanced by TransUnion's data, PeerIQ's platform will drive best-in-class capital allocation and risk management decisions, which are critical to banks, regulators, and investors alike."
About PeerIQ PeerIQ is a data and analytics company that is bridging the gap between non-bank lenders and the capital markets, offering transparency, data validation, loan-level credit analytics and valuation so that investors can invest with confidence. Meeting the needs across the credit funding cycle -- from whole loans to credit facilities to ABS -- we work with industry leaders to unlock capital at scale and strengthen transparency and liquidity in the capital markets. The firm is backed by Uprising, Victory Park Capital, and Fenway Summer Ventures, as well as notable capital markets veterans such as John Mack, Vikram Pandit, Dan Doctoroff and Arthur Levitt. More information is available at www.peeriq.com
About TransUnion Information is a powerful thing. At TransUnion, we realize that. We are dedicated to finding innovative ways information can be used to help individuals make better and smarter decisions. We help uncover unique stories, trends and insights behind each data point, using historical information as well as alternative data sources. This allows a variety of markets and businesses to better manage risk and consumers to better manage their credit, personal information and identity. Today, TransUnion has a global presence in more than 30 countries and a leading presence in several international markets across North America, Africa, Latin America and Asia. Through the power of information, TransUnion is working to build stronger economies and families and safer communities worldwide.
We call this Information for Good. http://www.transunion.com/business
Mary Chung Media Contact Phone: (917) 807-4950 mchung@smashstreetmedia.com
