Credit agency giant TransUnion will provide credit scoring for DeFi lending

ChainCatcher news, according to CoinDesk, one of the three major credit agencies in the U.S., TransUnion, will provide credit scores for decentralized finance (DeFi) lenders. TransUnion will offer traditional (off-chain) credit scores for individuals applying for loans on blockchain-based protocols without compromising the applicant's privacy. The company is collaborating with data security firm Spring Labs and DeFi identity and compliance software developer Quadrata to provide this service. (Source link)