TransUnion is entering the DeFi market.
TransUnion, one of the three major United States credit reporting agencies,on April 20 that it would begin supplying credit scoring to public blockchain networks. Off-chain credit data have not previously been available to Web3 and decentralized finance applications.
In the new TransUnion service, credit information will be made available to decentralized applications, or DApps, at the consumer's request. Complete credit information will be delivered to the consumer, and excerpts will go to the DApp. TransUnion partnered with Spring Labs and Quadrata to provide credit data through a digital passport network that will protect the consumer’s identity on the blockchain. The project apparently took some time to get off the ground, as it was firstTransUnion executive vice president of financial services Jason Laky said the new product will help minimize lenders’ risk while “providing borrowers more opportunity for better terms.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Credit Agency Giant TransUnion Starts Delivering Credit Scores for Crypto LendingNEW: TransUnion, one of the three largest credit agencies in the U.S., is teaming up with springlabs and QuadrataNetwork to share credit scores for blockchain-based loan applications without compromising consumer privacy. sndr_krisztian reports
Lire la suite »
121 Financial Credit Union announces plan to merge with VyStar Credit Union121 Financial Credit Union announced Thursday its intent to merge with VyStar Credit Union, which is expected to close later this year.
Lire la suite »
Connecting DeFi: How multichain token systems can improve liquidityMultichain token systems have the potential to revolutionize the blockchain industry and make DeFi more fluid and connected.
Lire la suite »
Week in DeFi: Shapella Success, New Exploits and LSD Action | CoinMarketCapWhat a big week! Shapella upgrade goes off without a hitch, new exploits continue to plague the DeFi space & liquid staking derivative (LSD) issuers continue to prosper. Let’s see what went down this past week in DeFi 🔥
Lire la suite »
Real-World Assets (RWA): Bridging the Gap Between DeFi and TradFi | CoinMarketCapReal World Assets (RWAs) are off-chain assets, which are tokenized and brought on-chain for use in DeFi. It's worth looking into real-world asset tokenization and its future 👇
Lire la suite »
DeFi-Focused Layer 1 Berachain Raises $42M Series A at $420.69M ValuationNEW: Berachain, a Cosmos layer 1, has raised $42m in its Series A round at a $420.69m valuation (announced 4/20). The project says it will launch a public “incentivized” testnet in the coming weeks. 0x_tracy reports
Lire la suite »