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What is TransUnion TruVision?

Establish a finely tuned balance between risk and opportunity by implementing risk management strategies that identify and engage with the most appropriate customers during the entire account lifecycle. Leverage unique data sources to assess the potential risks of offering certain products or services, while also detecting early warning signs of collection difficulties or defaults. This method fosters more confident interactions with the right individuals and businesses, thereby enhancing financial inclusion. By acquiring a more profound understanding of consumer behavior, organizations can make well-informed choices regarding risk. Moreover, this understanding improves the capacity to effectively mitigate risks, which in turn protects profit margins. Access to relevant data can support customers who are at risk of delinquency, while also shedding light on the associated risks of offering credit, ultimately decreasing the chances of defaults. This approach not only facilitates increased approvals and enhances pricing accuracy but also addresses risks related to insurance underwriting through better insights that enable advanced pricing strategies. Additionally, it allows for the optimization of coverage, pricing, and expenditures, resulting in improved loss ratios and a more resilient financial structure. Such a holistic approach to risk management guarantees that organizations can prosper while keeping a steadfast commitment to sustainability and responsible practices. Ultimately, this strategy positions businesses to not only survive but thrive in an increasingly complex economic landscape.

What is Riskion?

Riskion® is Expert Choice's all-encompassing risk management tool designed for organizations that require more than simple or spreadsheet-based risk evaluations. It implements a structured and systematic framework to identify risks, their root causes, related events, and possible consequences across the organization, employing mathematically sound, ratio-scale assessments rather than just conjecture. By promoting collaborative contributions from stakeholders, it enables decision-makers to leverage the collective knowledge and see the relationships between various risk factors, triggers, and mitigation approaches. Additionally, Riskion allows for the evaluation of events with both low and high probabilities, supports scenario analysis, and enhances resource allocation for efficient risk management. The inclusion of visual elements, like "bow-tie diagrams," effectively illustrates risk pathways and exposures. Furthermore, Riskion seeks to improve accountability, provide trustworthy risk evaluations, and simplify decision-making processes by reducing uncertainty and enhancing clarity within the organization. This ultimately empowers teams to proactively address potential challenges and adapt to evolving risk landscapes.

Media

Media

No images available

Integrations Supported

PremierCashier
TrueTargeting

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$6,000/month
Single Seat: $6,000/month

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows
Mac

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Online Training

Company Facts

Organization Name

TransUnion

Company Location

United States

Company Website

www.transunion.com/solution/truvision

Company Facts

Organization Name

Expert Choice

Date Founded

1983

Company Location

United States

Company Website

www.expertchoice.com/riskion/

Categories and Features

Risk Management

Not specified

Categories and Features

Decision Support

Not specified

Risk Management

Not specified

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