Although Britain's Building Societies are regarded well by their members and commended for bringing consumer choice to the banking market, they are not immune from the economies woes. It is therefore essential that they meet regulatory compliance and manage risk effectively to ensure a solid growth plan for their members. The major risks affecting mutuals today are financial and are focussed around consumer debt and financial crime. TransUnion (formerly Callcredit) have a range of sophisticated online solutions that help build a stronger resilience against these risks.
Our solutions help you to:
- Meet your Know Your Customer (KYC) and Anti-Money Laundering (AML) obligations
- Make responsible lending decisions to reduce the risk of bad debt
- Trace debtors and the owners of dormant accounts with ease.
To find out more about our Solutions for Building Societies please complete our online business enquiry form and one of our experts will contact you shortly. Alternatively, visit our desktop site to find out more.