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How to Lend Money to Strangers

Consumers and their credit data, with Kelli Fielding (TransUnion)

How to Lend Money to Strangers

Brendan le Grange

Business, Careers, Fintech, Management, Lending, Credit, Banking

4.943 Ratings

🗓️ 17 February 2022

⏱️ 26 minutes

🧾️ Download transcript

Summary

I spent several years creating industry-level research for one of the big credit bureaus, first in Asia and then in Europe. During that time, one of my defining projects was a deep dive into the value generated by consumers monitoring their own credit reports. Prior to my study, I'd only seen this addressed as a single question: do consumers who monitor their own credit data regularly, see improving credit scores?

But that’s not a specific enough question to understand the nuance… sure, if you were only going to pick one metric to track that would be the one but the fact is consumers can monitor their credit for many reasons, and those varying reasons can dilute the observable benefit.

You can read more about what I found here, but the reason I’m calling it out is that even five years ago the interaction between consumers and their own credit data was complex, and it’s only become more complex with the emergence of Open Data. So in today’s episode of HTLMTS I speak to Kelli Fielding, TransUnion UK’s Head of Consumer Interactive, to learn more.

As Kelli mentions in our chat, your best place to start learning more about TransUnion is their homepage

Or you can find Kelli Fielding herself on LinkedIn

And you can also learn more about Monevo, as you’d expect, at monevo.com

You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect while there), and if you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me at brendan@howtolendmoneytostrangers.show

A full written transcript with timestamps can be found on HowtoLendMoneytoStrangers.Show

You can also find my pulpy action-adventure novels in all their formats on Amazon


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Oh, hello, you caught me practicing on my new slide whistle.

0:04.8

You see, spec savers have asked me to tell you about something very exciting.

0:08.6

And as it's radio, I thought, well, it's always best to use sound, isn't it?

0:12.5

So here it goes.

0:14.1

While prices everywhere are going.

0:16.7

At spec savers, they're coming.

0:18.4

Thank you.

0:20.2

With glasses now from just £15, you're better off with spec savers.

0:24.3

I could have just said that, I suppose.

0:26.3

I think that's why we're making such an investment in open banking.

0:30.4

Why we've recently started taking in mental data.

0:32.8

And why we're engaging now with by now pay later players who are starting to contribute

0:37.1

their data into the Bureau.

0:38.9

I'm sure that will be a very rich source of data.

0:41.6

I think that's a great thing.

0:43.3

I think that's the biggest thing that I've ever seen.

0:46.0

I think that's the biggest thing that I've seen.

0:48.1

I think that's the biggest thing that I've seen.

0:51.3

That's the biggest thing that I've seen.

0:53.7

Rich source of data.

1:01.4

Welcome to Heart to Len Money to Strangers.

1:04.1

I'm your host, Brendan Lagrange.

...

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