Marketplace lending data and analytics provider PeerIQ has teamed with TransUnion in an effort to bring transparency to the alt-fi sector. They will build data and derived analytics solutions along with distribution and integration systems.
“Our partnership with TransUnion is a significant milestone for us, and together we intend to tackle the industry’s major challenges,” PeerIQ CEO Ram Ahluwalia said. “Our clients are demanding through-cycle data histories, robust models and indices, cross-asset class comparisons and consensus valuation.”
TransUnion EVP and head of financial services Steve Chaouki becomes a PeerIQ board observer.
“PeerIQ is an established thought leader on the efficient funding of consumer credit via the capital markets,” Mr. Chaouki said.
“We have great confidence in the PeerIQ analytics platform, a rich feature set for all institutional participants from loan buyers, to banks, to ABS investors. We see tremendous potential to both enhance PeerIQ’s offerings with our data and unlock more client value as a natural extension of our solutions for originating lenders.”
Former SEC Chairman Arthur Levitt is a PeerIQ backer.
“PeerIQ’s partnership with TransUnion is an exciting opportunity for the industry. Enhanced by TransUnion’s data, PeerIQ’s platform will drive best-in-class capital allocation and risk management decisions, which are critical to banks, regulators, and investors alike.”