Copy link
Increase text size
Decrease text size
Link copied

Blockchain solution Bloom partners with TransUnion to offer credit monitoring services in the US

Image by from Flickr

Fri, 17 Apr 2020, 01:40 am UTC

Blockchain solution Bloom is partnering with American consumer credit reporting agency TransUnion to offer credit monitoring services in the country.

Data breach and identity theft have become among the biggest downsides of online business. Blockchain startup Bloom wants to give consumers the power to have control over their data and identity using its mobile app Bloom that allows consumers to build a blockchain-based identity profile for improved consumer data security, Forbes reported.

For its second version, Bloom worked with TransUnion to give users access to “robust credit monitoring” which features free credit score checks. TransUnion is one of the three largest bureaus in the U.S. along with Experian and Equifax.

“A critical part of TransUnion’s mission is to empower consumers to better understand and manage their data and shape their financial lives,” said Dao Boyle, senior vice president of Business Development at TransUnion Consumer Interactive about the partnership. “This partnership supports that mission, and we look forward to continuing working with Bloom to deliver innovative and impactful solutions to consumers.”

Bloom 2 works with the use of an identity monitoring tool that scans the internet including the dark web to see the users’ data. It will notify the users if their information has been leaked and provide them with steps to fix it.

“How our system works is that we allow the user to verify certain elements about their identities — their names, phone number, social handles and so on — and on an ongoing basis, we continuously scan for any leaks of their data,” said Bloom cofounder Jesse Leimgruber. “We connect with various sources to see maybe some information like your hotel check-in data was leaked in the Marriott breach or your financial data was leaked in the Equifax breach.”

The free credit monitoring in Bloom 2 is only available in the U.S. Users can opt-in Bloom credit monitoring and check their traditional credit bureau data including credit scores, current loans, credit cards, and monthly payment.

Meanwhile, in 2018, BMW Group Financial Services also partnered with Bloom to enhance its customer lending solutions. The project was part of BMW Collaboration Lab 2018 and aimed to streamline the customer journey and lending experience.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.06.26 15:54:56
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more me on whatsapp :+12067425358 happy new year to you all .......................................................................
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $13,520.60 (-0.42%)
  • Ethereum (ETH) $383.00 (-2.22%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $261.01 (-2.46%)
  • Chainlink (LINK) $11.15 (-2.08%)
  • Bitcoin (BTC) $13,520.60 (-0.42%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.