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.
Creditinfo won the international tender initiated by World Bank and now provides RBZ with the latest generation of Credit Bureau System, CB5. The credit bureau system in Zimbabwe was built from scratch in only 4 months, including the transfer of know-how, training and full set-up of the new RBZ team for daily bureau operations. Creditinfo provides RBZ with a solution enabling fast and reliable way to share credit information between government and private banking institutions. The modern credit bureau system contributes in increasing the efficiency of risk assessment for the whole financial sector of Zimbabwe.