THE BLOG

20
Apr

Creditinfo to power Azerbaijan’s First Credit Information Bureau

Baku, Azerbaijan, April 19, 2017 – IFC, a member of the World Bank Group, over 20 local financial institutions and Creditinfo have teamed-up in launching Azerbaijan’s first private credit bureau to enable local financial institutions to better share credit information, manage lending risks, and boost access to finance for borrowers, including SMEs.

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18
Apr

Featuring Tearsheet: Are you too neurotic? Lenders test personalities to determine loan eligibility

Lenders in emerging markets are increasingly looking towards personality-based methods when a customer’s credit history is insufficient for traditional risk analysis. Coremetrix believes that psychometric data can play a vital role in opening up access to vital financial services and matching lenders with profitable, new customers.

Clare McCaffery’s recent interview in TEARSHEET explains some of the methodology behind how Coremetrix can predict real-life financial outcomes and unlock access to credit and other financial products worldwide.

Check this out right here.

13
Apr

Creditinfo to serve fourth world’s most populated country – starting data flow at PEFINDO

Live data started to flow at Pefindo, the credit bureau in Indonesia powered by Creditinfo. Indonesia being the fourth most populated country in the world, with an estimated population of 260 million, this project illustrates a solid scope-related challenge that a team of more than 60 professionals achieved in approximately 2 years.

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27
Mar

Creditinfo acquires a Kenyan mobile financial services provider to facilitate financial inclusion

On Friday, 24th March 2017, an agreement was signed between Creditinfo Group and Alternative Circle, a Nairobi-based mobile financial solutions innovator, to facilitate financial inclusion in Africa. Seed capital, as well as extensive Creditinfo expertise in classic and alternative credit risk management, will empower Alternative Circle to enable access to consumer data that was unavailable before, therefore lowering barriers to a wider population to get access to finance.

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08
Dec

New law on credit bureaus comes into force in Azerbaijan

Big news for the economy of Azerbaijan: on 7 December 2016, the President of the Republic of Azerbaijan signed the Decree on implementation of the Law on Credit Bureaus, which will be the foundation of credit bureau operations in the country. Continue Reading..

08
Dec

Keeping promises

The other day I made a comment about trying to help Haiti. It is not my way to talk about what I do as part of what I see as my duties as a human being. But since I mentioned it before, I wanted to provide an update. I contacted the World Bank about how to help. The idea came up of giving the country systems, normally valued at 2-3$ m., as part of building up of their financial infrastructure. We would also operate and maintain for free. This is now under consideration, with the Governor of the Central Bank of Haiti and others. Don’t expect further updates; just wanted to make sure that no one thought my words were just like those of the people we typically select to lead us, who talk big about such matters and do little.

07
Dec

Central Bank of Iraq to start online credit information exchange

On Tuesday, December 6th, the Central Bank of Iraq announced the launch of online exchange of information between the banks via a credit bureau system. The system, named CBS5, is provided by Creditinfo, who won an international tender initiated by WorldBank. The credit bureau system was built from scratch in only 10 months, including transfer of know how and financial institutions’ education and training in risk management. According to the Central Bank’s official press release, from now on this solution will enable a fast and reliable way to share credit information between government and private banking institutions. The implementation of a modern credit bureau system will contribute in increasing the efficiency of risk assessment in order to make sound credit decisions.

07
Dec

Interview: the President of the Azerbaijan Banks Association about the credit bureau in Azerbaijan

Zakir Nuriyev, the President of the Azerbaijan Banks Association, mentions the benefits of the establishment of a credit bureau in Azerbaijan in his interview for Banco.az. He states that along with banks and non-bank credit institutions, the credit bureau will process much more information on payment behavior than only information on loans. The credit bureau information will include individual, insurance, leasing, telecommunication as well as utility companies’ data, thus allowing to gather more information about borrowers, such as whether they actually pay phone bills, water or electricity invoices.
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02
Dec

Coremetrix for financial inclusion

Financial Technology is often seen as a sector that works for those who are already winning: something to help sophisticated users of personal and commercial finance streamline their access. It performs that function, of course, and many of us have seen our professional and personal lives enriched as a result. But FinTech also has an essential role to play in opening access, as well as improving it.

At Coremetrix, we are committed to realising that potential. Part of the Creditinfo Group, we believe data on individuals – obtained voluntarily, and focusing on personality rather than the information used for traditional credit scoring – can broaden access to financial products of all kinds. Lenders and other financial institutions across international markets agree with us, and we are partnering with a number of them to provide access to credit and other services based on who people are, not what they can prove.Continue Reading..

01
Dec

The largest provider of business information in Estonia – Krediidiinfo AS – changes name to Creditinfo Eesti AS

Starting today the largest provider of business information in Estonia – Krediidiinfo AS has been renamed to Creditinfo Eesti AS and will start using the corporate trademark Creditinfo. The change of name relates to the fact that at the beginning of this year 100% of company’s shares have been acquired by Creditinfo Group, the international credit information and credit risk management services provider. 
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