Tag: credit bureau

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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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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26
Feb

3rd Regional CIS Conference in Kenya

Credit Information Sharing association (CIS) regional conferences are held in Nairobi to help create awareness on the developments of CIS in Kenya and the region.  This is a 2 day regional conference arranged by CIS Kenya, followed by a 2 day National Business Community Summit.

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04
Jan

Creditinfo acquire Credit Bureau in Estonia from Experian

Creditinfo are pleased to announce that they have entered into a definitive agreement to acquire a credit bureau operation in Estonia from Experian, Krediidiinfo. Krediidiinfo has been operating since 1993 and is engaged in corporate economic and financial data collection, processing and analysis. Hosting Estonia’s largest corporate and private database, Krediidiinfo currently has more than 16,000 companies, both domestically and abroad, utilising their credit reporting services.

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09
Apr

Finnfund and Creditinfo jointly promote economic and social development in developing countries

FINNFUND logoFinnfund, a development finance company owned by the Finnish state, has provided Creditinfo, an international provider of credit information and risk management solutions, with long-term credit financing of 2.4 million euros to promote financial inclusion and boost economic growth in East Africa.Continue Reading..