The Creditinfo Chronicle

Creditinfo featured by FORBES on Financial Inclusion and Innovation

How can citizens across Central and Eastern Europe access finance without a credit history? Our very own Paul Randall spoke with FORBES and Joe R. Wallen to explain. Read the full article.

 

Creditinfo Georgia has successfully passed a Registration Process by the National Bank of Georgia

Since September 3, 2018, Creditinfo Georgia is an officially registered credit information bureau by the National Bank of Georgia. Creditinfo Georgia, founded in 2005 by leading banks and Creditinfo International, is the only credit bureau operating in Georgia. Its mission is to support and assist the credit organizations in simplification and refinement of their lending process and managing credit. Creditinfo Georgia assists financial organizations by providing all necessary tools and information for credit risk management, and at the same time strives to increase financial literacy among existing or potential borrowers. Creditinfo Georgia helps National Bank of Georgia in improving credit management and lending process, by providing all necessary data, which is used by the National Bank to identify problems and weaknesses in lending sector and make information decisions for solving these problems.

National Bank accepted a road map provided by the company regarding implementation of all necessary procedures to comply to regulatory requirements. Creditinfo Georgia continues its operations and plans activities in two major direction: increasing of credit education in the country and delivering necessary instruments, information and expertise for credit risk management.

Traditional banking is history with the introduction of new data sources and increased access to data

Our CEO Stefano M. Stoppani was interviewed by Pétur Hreinsson from ViðskiptaMogginn, one of the main business newspapers in Iceland. We are uploading an English translation of this interview.

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Agrifinance and Scoring: Georgia’s Case

When you walk down lively Tbilisi downtown all your senses are filled with a mixture of western and eastern cultures. You can see something amusing on every corner — an old orthodox church, sulfur baths and of course many street traders selling all kind of stuff. You should try churchkhela, candle-shaped candy made of nuts and grape juice. Small traders together with farmers, shop owners and craftsmen are the hallmark of Georgia and they are a vital part of country’s economy.

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IFRS 9 — Why Credit Bureaus Are The Ideal Partner?

Financial institutions around the globe are feeling the heat from the introduction of IFRS 9 impairment reporting. Credit Bureaus offer the most effective solution for compliance and harnessing the benefits of Credit Risk Scoring and PD estimation.

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Dublin fintech Trezeo clinches vital UK regulatory approval

Gig economy fintech Trezeo has just become the first income-smoothing service to receive authorisation from the Financial Conduct Authority, the UK’s financial regulator.

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How to identify the right VC’s for investment: The do’s and dont’s

I wrote an article last week on the key lessons I have learnt so far in the tech business and some people reached out to me to provide some advice when negotiating with a venture capitalist (VC) or an investor. This is from my own personal experience and observations and thus critical feedback and debate are welcome, particularly from investors themselves.

— by Kevin Mutiso

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Micro-lenders should work with regulators

Recently, there has been much publicity about the 1.5 million Kenyans who have been negatively listed on the Credit Reference Bureau (CRB) as a result of borrowing from micro-lenders.

— by Kevin Mutiso

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Icelandic company shows how fintech can lift people out of poverty

Read the article by IBS intelligence on how Coremetrix is launching a new service that could lift many of the ‘unbanked’ of developing nations out of poverty through an alternative method of credit assessment.

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Are we there yet? Big Data and the Quest for Financial Inclusion

At financial sector conferences, you come across talk about the use and application of big data and the same question pops up – are we there yet? Are financial services’ providers applying data analytics in their daily management to streamline decision-making and improve efficiency?

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Working with CREDO Bank

In 2017, we were approached by CREDO Bank to help them reviewing credit process for small urban and rural household customers. Having around 220,000 active clients can be a challenging task, especially maintaining a high retention rate in such a competitive environment as agricultural and individual consumer credit lending.

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BUSINESS DAILY: Creditinfo unveils scoring system based on personality in Kenya

“The integration of innovative credit evaluation solutions based on personality features with a robust credit bureau system such as CBS will enable the Kenyan market to have a tangible competitive advantage in the area of credit,” said Kamau Kunyiha, CEO of Creditinfo Kenya. In partnership with Coremetrix.

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Feels good to be #1 – the most widespread credit bureau provider

Feels good to be #1: with 33 credit bureaus running today, Creditinfo appears to be the most widespread global partner in this field worldwide. Most of Creditinfo bureaus are powered by the credit bureau system CBS, which is a flexible solution enabling to easily integrate most various sources of information.

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Psychometric Solution Already Available at Kenyan Credit Bureau

The Kenyan market is amongst the first in Africa to benefit from a fully integrated psychometric module within a credit bureau system, thus enabling more accurate credit decisioning and broader access to finance, thanks to an additional layer of information on the consumer, coming from the consumer himself/herself: information on one’s personality.

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Finance Companies In the Eyes of Banks

Happy partner of the Indonesian Financial Services Association in hosting the “Finance companies in the eyes of banks” event in Jakarta. Even happier to meet >250 industry professionals and looking forward to new opportunities for better financial inclusion. Thanks Johnny Lim for the snapshots and looking forward to follow-up meetings in our Singapore office or anywhere in the region, at your convenience.