Aryza Group and TransUnion collaborate to simplify credit reporting in Canada

Aryza Group, a prominent provider of financial software solutions, has announced a new partnership with TransUnion, a global leader in credit information and insights, to streamline access to credit reports for Licensed Insolvency Trustees using the Aryza Advize platform in Canada. This collaboration builds on Aryza’s successful initiatives in the UK and Europe, aiming to empower financial professionals with the tools needed for effective debt management and resolution.

The integration of TransUnion’s services with Aryza Advize provides Licensed Insolvency Trustees with quick and secure access to detailed consumer credit reports. This development is set to significantly reduce the time required to assess a client’s financial situation and facilitate the deployment of tailored debt resolution strategies. By simplifying the process, Aryza Advize allows trustees to focus more on client interactions and less on administrative tasks.

Mark Roberts, Head of Client Success in North America at Aryza, emphasized the impact of this partnership: “We are thrilled to announce our agreement with TransUnion, a pivotal step in enhancing the capabilities of Aryza Advize in Canada. In a financial landscape where Canadians are utilizing more of their disposable income than ever recorded to pay down debt, with $1.82 in debt for every $1 a household earns, the imperative for formal debt management solutions is escalating.”

Aryza Advize is an award-winning, cost-effective cloud-based platform designed to automate the financial journeys of consumers. It supports the entire lifecycle of debt solutions, featuring automated document production, secure communication channels between clients, debt advisors, and creditors, and a versatile payment suite. The software is praised for its compliance and efficiency, making it an essential tool for professionals in the debt and insolvency sector.

With the new capabilities enabled by TransUnion, trustees can gain an immediate, comprehensive view of a debtor’s financial obligations, including outstanding balances and associated assets. This feature addresses the growing need for streamlined processes in debt resolution by removing barriers such as the manual compilation of debt lists and the search for financial statements.

The partnership between Aryza Group and TransUnion represents a significant advancement in financial software solutions, offering a clear example of how technology can enhance the efficiency and effectiveness of financial services. As consumer debt levels continue to rise, the need for such innovative solutions becomes increasingly critical. This collaboration not only supports trustees in managing debt more effectively but also aligns with Aryza’s mission to improve financial journeys, paving the way for more informed and swift pathways to financial stability.