TransUnion introduced the TruVision Alternative Bank Risk Score on February 5, 2025, a new solution enabled by its OneTru™ platform. This score is designed to help lenders better assess thin- or no-file consumers, including those with limited traditional credit histories.
The TruVision Alternative Bank Risk Score incorporates checking and banking data, which enhances lenders’ existing underwriting scores and provides a more holistic view of a consumer’s financial behavior. This aims to improve the predictive power of risk models and identify potential risks that might be missed with single data sources.
Liz Pagel, senior vice president of consumer lending at TransUnion, highlighted that the score can offer an alternate pathway to credit for consumers who demonstrate responsible banking behavior but lack a traditional credit history. This initiative supports financial inclusion and helps lenders make more informed decisions in an increasingly complex economic environment.
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