Category: News

02
May

Interest Rate Capping, Market Killer or Innovation Catalyst?

The Central Bank of Kenya (CBK) is set to conclude a study on the law capping interest rates and its impact on the economy, CBK Chairman Mr. Mohamed Nyaoga announced on Tuesday, April 25th. On the same day, Creditinfo Kenya and Creditinfo Academy organised an exclusive meeting for professionals from the financial sector to acquire inspirational observations and insights on the current situation in the Kenyan credit risk management market and acquaint themselves with solutions to the challenges faced by the need to reduce losses and improve productivity.

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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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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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07
Apr

Sigrún Ragna Ólafsdöttir became a New Board Member of Creditinfo Group

Sigrún Ragna Ólafsdóttir has joined Creditinfo Group as external Board Member, replacing Hákon Stefánsson who temporarily held this position and remains Deputy CEO of the company as well as Executive Director for Credit Bureau Operations at Creditinfo.

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06
Apr

Creditinfo to launch Collateral Registry as a stand-alone system

Creditinfo Decision Analytics is launching the Collateral Registry as an essential stand-alone solution to contribute in ensuring a healthy financial ecosystem by enabling to centrally manage information on collaterals and thus avoid duplications or potential fraud.

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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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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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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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02
Mar

Creditinfo Trend Report 2017

Check out latest industry developments on Creditinfo Trend Report 2017

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31
Jan

Creditinfo Lithuania‘s R&D project approved for EU funding

Creditinfo Lithuania together with partners received an approval for more than 430 thousand euros EU funding. Funding is allocated for research and innovation activities.

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