Articles about TransUnion

Deepfake tech gives scammers the edge as digital banking grows

Financial brokerage and asset management firm EBC Financial Group says the scale of the problem is significant because digital payments are now well-established.

Account login, gift card fraud on the rise in SA

While digital transaction fraud is on the decline, SA still battles an uptick in account login attacks and gift card scams, says TransUnion.

SA fintech market forecast to reach R340bn by 2030

South Africa’s fintech market is projected to reach $19.5 billion by 2030, reflecting a shift in how consumers engage with credit.

Home Affairs demos AI visa system to fight corruption

The Department of Home Affairs prioritises digitisation and AI as key to eliminating corruption and improving operational efficiency.

TransUnion hack that hit millions in US spares SA

A breach of sensitive information, held by TransUnion on 13 million North Americans, has not affected South Africans.

Survey: One in 10 South Africans fall victim to cyber fraud

More than half of the respondents to a TransUnion survey said they were attacked by cyber criminals in the second quarter of this year.

Biometric fee hike sparks search for alternatives

A sharp rise in the ID verification fees charged by home affairs sparks debate, with some suggesting digital alternatives, while others urge continued integration with official systems.

TransUnion makes minority investment in fintech firm

The credit bureau invests in Omnisient to boost financial inclusion in Africa using data and privacy-preserving analytics technology.

Telco-powered credit score aims to add millions to formal economy

Bringing another 16 million South Africans into the formal economy could add R173 billion to SA’s gross domestic product, says TransUnion.

Social commerce reshapes SA’s car buying process

South Africa’s younger vehicle buyers turn to TikTok, Instagram and YouTube to research and make their purchase decisions.

Cyber fraud-as-a-service empires on the rise

AI-developed deepfakes are increasingly being used to bypass financial institutions’ know your customer verification procedures.

Cheaper models drive electric vehicle sales in SA

The introduction of more affordable electric vehicle models priced under R1 million is expected to accelerate adoption in 2025, says TransUnion.