Category: CBS5

27
Mar

Creditinfo Volo signs contract in Benin and now covers all countries of the West Africa Monetary Union

The signage of contracts for data sharing between the Credit Bureau (BIC) of West Africa Monetary Union (WAMU), Creditinfo Volo and 26 Benin institutions, amongst which 15 banks and 11 other large microfinance institutions, represents a very important step in concluding legal proceedings to build a strong financial ecosystem in West Africa. Benin is the final country from the 8 members of the WAMU to enable such information sharing and therefore will contribute in strengthening and increasing the efficiency of credit management in the whole region.

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21
Mar

Lenders in transformation to optimize the use of new data source

The vast data source in the Kenyan credit bureau are currently under utilized by the markets’ banks and MFIs according to credit bureau expert Kamau Kunyiha CEO of Creditinfo Kenya. The lenders will need to transform their processes or be left behind by the competition.

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25
Jan

The Reserve Bank of Zimbabwe launching online exchange of information between banks via Creditinfo Credit Bureau Solution

The Reserve Bank of Zimbabwe (RBZ) announced on January 1st the official launch of the system for online exchange of information between banks via Creditinfo Credit Bureau Solution. The operation is live already. 

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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..

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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28
Nov

Benefits of a Credit Bureau in Azerbaijan outlined at the Banking Forum in Baku

The Banking Forum in Baku, Azerbaijan, organized by the Azerbaijan Banks Association, focused on the challenges and perspectives related to the development of the banking system in post-oil period and covered the benefits of opening a credit bureau in the country. This major industry event took place on the 24th and 25th of November, 2016.

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19
Aug

Creditinfo selected to operate the first credit bureau in Azerbaijan

After an extensive selection process spanning over 2 years, Azerbaijani Credit Bureau Executive Committee members, representing 14 key financial and credit institutions in the country, announced the selection of Creditinfo as technical partner and majority shareholder to implement and operate the first credit bureau in the country.

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01
Jul

Collateral Delivery for Iran

On the last day iof May, our colleagues from Creditinfo Solutions successfully installed a Collateral Registry System to the testing environment of Iran Credit Scoring (ICS). In the following days of their trip to Tehran, the team reviewed the system with business and technical representatives of ICS discussing what should be adjusted in the up coming month, prior to an important presentation for the Banks takes place. From left to right are Mahdi (ICS), Hossein (ICS), Jarda, Petr, Karel, Mohammad (ICS), Martin and Mustafa (ICS).

01
Jul

Creditinfo Solutions implementing Scrum Agile Development

As many of you know, the management of Creditinfo Solutions (CIS) recently made the decision to renew their efforts toward building a true Scrum Agile** development organization. To this end, they reviewed and revised the IT and Project Office Management structures, provided training for nearly all of their employees and created completely new development teams which are designed to allow for increased flexibility, accountability, and productivity.Continue Reading..