COREMETRIX, the world’s leading provider of psychographic data, has announced the launch of a new product allowing lenders and debt collection agencies to assess the likelihood of customers recovering after they fall into arrears.
“Discussions about fintech taking over banking are becoming last year’s debate; the situation is now more nuanced. Some of the largest investors in fintech now are banks, and we are staring to see mainstream leaders acquire, adopt or develop some of the new technologies. ”
Article by Paul Randall, Executive Director at Creditinfo Decision Analytics; Steven Kunyiha, CEO of Creditinfo Kenya and Alexandra Aproyants, Senior Consultant at Creditinfo Decision Analytics.
Read more here.
Starting June 2017 Creditinfo Group becomes member of the Business Information Industry Association (BIIA), which is a trade association for providers of business information services helping businesses manage growth and reduce risk.
BIIA members’ services include information content, platforms, workflow software, decision systems, identity and authentication services, compliance and risk assessment tools. The largest member segments represent consumer credit bureaus, commercial credit information companies, business information and software providers supporting digital commerce.
More information about BIIA is available at www.biia.com
Creditinfo Eesti AS, the largest Estonian credit information and risk management services provider, will have a change of lead starting 1 June 2017, as former CEO Veiko Meos joins the Supervisory Board, while Ege Metsandi takes on the steering wheel of the company.
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.
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.
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.
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.
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..
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.