TransUnion (NYSE:TRU) has entered into a strategic partnership with Truework, a provider of verification of income and employment (VOIE) services in the U.S.
The partnership follows a strategic minority investment TransUnion made in Truework earlier this year.
Truework provides a one-stop platform for VOIE information while also giving consumers greater control of their personal and financial information.
The parties intend to provide income verification coverage with credit data, giving verifiers an up-to-date view of consumers, enabling better insights.
The partnership is expected to provide TransUnion with capabilities to address increased market demand for VOIE with a full suite of customizable solutions.
In addition, TransUnion and Truework plan to work together on developing the next generation of VOIE solutions.
Price Action: TRU shares closed higher by 1.28% at $75.44 on Tuesday.
