The collaboration seeks to boost the credit application process and make it increasingly efficient for consumers.
“The TransUnion/Fincheck partnership will assist consumers in managing their finances, especially during these challenging times,” stated Hans Zachar, Director of Emerging Markets at TransUnion Africa. “By working with Fincheck we’re helping to increase financial awareness and access to credit.”
As a specialist in the South African credit market, TransUnion seeks to help provide a comprehensive picture of each applicant. By combining the strengths of TransUnion with its own, Fincheck will be able to allocate the right lead to the right bank, lender or insurer – saving time for all parties.
Fincheck compares offers from over 80 of South Africa’s major banks, lenders and insurers, allowing consumers to choose the most suitable and competitive form of finance – helping find credit to cover unexpected expenses or making ends meet, responsibly.
Michael Bowren, CEO of Fincheck added: “Being able to access affordable credit and valuable information in the same place will help South African consumers during these challenging times.
“Checking the information held on you is accurate before making an application can be an invaluable tool that can help you understand your financial options more clearly. Ultimately, we aim to assist the user with their financial choices and move them toward financial freedom.”