Browsing: TransUnion

• A TransUnion report shows that the rate of suspected digital fraud attempts from Kenya in the year’s second quarter (Q2) decreased by -27 per cent compared to the same period last year
• The rate of suspected digital fraud attempts originating from Kenya declined across half of the industries tracked
• TransUnion observed the largest declines from Kenya-based transactions in communities, which include online forums and dating at -70 per cent, telecommunications at -42 per cent and insurance at -20 per cent

A new report now shows that the rate of suspected digital fraud attempts from Kenya in the year’s second quarter (Q2) decreased by -27 per cent compared to the same period last year. The performance was against a -14 per cent decline shown globally.

According to TransUnion’s quarterly fraud analysis, the rate of suspected digital fraud attempts originating from Kenya declined across half of the industries tracked.

The rate of …

Global risk and information solutions provider—TransUnion has urged the use of credit scores for better loan product pricing.

With a keen focus on Kenya where the capping of interest has led to a credit crunch to private sector and households, TransUnion Kenya is urging lenders to focus on individual credit scores to make smarter decisions and empower consumers to take control of their financial health.

“With new risk-based pricing systems for loans on the horizon in Kenya, it’s becoming increasingly important for both consumers and financial institutions to understand how credit scores can help enable the right conversations,” the firm says in its latest market review on the East African country.

According to the firm, there is need for a new pricing system for interest rates (ether risk-based or not) to become increasingly clear.

“Many banks currently take a blanket approach to pricing,” says TransUnion Kenya CEO Billy Owino, “This …