The Creditinfo Academy – connecting people and sharing best practice
The Creditinfo Academy was established with two primary purposes, firstly as a knowledge centre for the 280 Creditinfo employees worldwide and secondly, for the client base and partners to share information about their organizations and to provide feedback on working with Credit Bureaus and Credit Risk Management Service Providers.
The Creditinfo Academy arranges bi-weekly webinars for its worldwide audience on credit industry related topics and more general business topics, bringing together their senior management team and employees with a number of influential specialists, business experts, practitioners and providers within the Credit Industry. The webinars present an excellent opportunity for all involved to share ideas about the challenges and best practice worldwide.
Reynir Grétarsson, CEO of Creditinfo Group, is a firm believer that “Information is the lifeblood of the modern economy.” He advises, “Creditinfo is pleased to be able to provide a worthwhile and unique learning experience. This is just one of various steps to enhance mutual understanding and best practice within the Credit Industry. The Creditinfo Academy demonstrates how collaboration can work in practice to achieve improvements in the industry by identifying common data issues and sharing knowledge. We address a broad range of topical subjects and will continue to take the initiative in the development of new services and processes in the Credit Bureau industry.”
Amongst a few of the more recent external credit industry speakers are representatives from global influential organizations such as Institute of Financial Literacy (Iceland), The Association of Credit for Central and Eastern Europe s.r.o. (Czech Republic), Royal Bank of Scotland (UK) and Microbilt (USA), who have delivered incisive views on a wide range of subjects and shared information about their actual experiences in the credit industry.
The Creditinfo Academy also kicked off 2014 with an inspirational presentation on “Change Management” from Mr. Paul Gauci, a training and development professional from Malta who lectures regularly at the University of Malta and who this year, also celebrates 34 years as Head of Training & Development at the Bank of Valletta.
Almar Hilmarsson, CEO of Creditinfo International, the holding company for Creditinfo, as well as the centre for know-how and service to subsidiaries and customers, advised, “Through the Creditinfo Academy, our Partnership Programmes and Global Forums, we are able to develop & continually improve Creditinfo’s strategy. Our culture of talented individuals working together on a global basis is the engine that helps drive our client’s success, as such we are committed to developing them further. Equally, the feedback from our customers is paramount, in enabling us to build upon our knowledge base to deliver better results. We work with numerous organizations worldwide and are able to pass on new ideas and lessons learned from those experiences.” Continue reading »
Bank of Guyana support Creditinfo Guyana newly launched SeeRisk International Business Report
Mr. Lawrence Williams, Governor of the Bank of Guyana
On Thursday, March 28, 2014, Creditinfo Guyana formally introduced to Guyana, and the business sector in particular, two new value added products to its existing line of credit reports, where advantage of global opportunities can be taken with greater confidence.
Speaking at the launch, Governor of the Bank of Guyana, Mr. Lawrence Williams (pictured) reiterated the Bank’s support for Creditinfo Guyana and encouraged business entities to utilize the SeeRisk Report which would “provide adequately for informed decision-making, enhance compliance with the AML/CFT* Act, and consequently lend to improved performance and increased assets of the various users”.
He opined that “the undertaking to launch the value added product – SeeRisk Report – to its mainstream business is highly commendable, and moreover shows that Creditinfo is committed to assisting in strengthening the financial sector, making Guyana attractive to foreign investments and providing meaningful information and data for individuals and companies to safely conduct business transactions with their counterparts in other countries.”
The SeeRisk International Business Report offers a powerful decision making mechanism for the facilitation of international business transactions through the provision of financial and credit related information.
It is a comprehensive report that allows for vital and necessary insights to be gained before an entity commences trade with a foreign company or individual. It helps to effectively countermand the deceptive effects provided merely by an attractive website and offers safeguards against the ease with which a company that exists only in cyberspace can steal away the investment capital of hardworking businessmen.
Access to accurate global business information on demand allows for more informed decisions on offering credit or engaging in any business transaction whether locally or internationally originated.
Creditinfo Academy in Guyana – working together to improve risk management in the new era of credit bureau
Attendees were shown case studies of the impact in other countries across the world where access to finance had grown considerably and especially for SMEs who are often seen as a motor for growth. Furthermore, banks have more efficient procedures and control on bad debts which leads to a more stable banking environment.
In the second session, attendees were given a real insight of how they can use credit reports to change the decisions of every loan application. Individuals and business applicants will be judged objectively on the real evidence of their historical payments removing much of the subjective element. Working in teams, the attendees were able to discuss the practical issues while on-line to Creditinfo Guyana’s system and credit reports. Together they shared experiences with their peers from different institutions. Continue reading »
Customer Service at Creditinfo Lithuania
Today, the Creditinfo employees received a presentation from 2 of their colleagues at Creditinfo Lithuania, Gerda Venckevičiūtė, Sales and Customer Department Director and Aurimas Kacinskas, Head of Customer Care Department. Our two colleagues spoke about how Creditinfo Lithuania approach customer service and work effectively with their customers.
You can watch the presentation video here: Vimeo
Contact Gerda at gerda.venckeviciute@creditinfo.lt
And Aurimas can be reached at Aurimas.Kacinskas@creditinfo.lt or via Linked In at: www.linkedin.com/profile/view?id=8684170
Over 6 million Creditinfo Predictor Scores in just one year
The increased availability of credit in Georgia over the last few years has led to the financial institutions needing to ensure that above all, those customers it is lending to, are of good credit risk. High quality credit risk management assessment is of equal key importance, for both the customers, in order that they are dealt with in a responsible manner, and for the lenders, to have good quality portfolios.
Banks and other financial institutions have identified through their in-depth analysis that, one of the critical components of high quality credit assessment in Georgia is the Creditinfo Predictor Score provided by Creditinfo Georgia, which enables them to understand the risk of individuals or businesses that are requesting credit. Not only is this Score used when assessing credit, but also for regular checks of the customer’s credit worthiness, in order that, outstanding loans and credit card agreements can be assessed before any serious repayment problems occur.
Creditinfo Predictor provides a most powerful and effective way of assessing the information held at Creditinfo credit bureaus. Evaluating credit bureau data is an integral part of the consumer lending process. The potential of this data goes far beyond the existence, or not, of historic bad payments. The in-depth analysis performed by Creditinfo as part of the development of Creditinfo Predictor for both businesses and individuals, unlocks the full power of the data. This includes economic data, credit activity and demographic information. Continue reading »
Creditinfo – Back to Baku
Creditinfo recently provided effective training and consultancy for Bank Standard in Baku, Azerbaijan, in succession to the Bank recently developing an in-house application processing system and integrating a scorecard developed by Creditinfo Solutions into the software.
The training and consultancy were carried out over 5 days in relation to the Bank Standard’s application processing system and credit granting processes. The project included a complete review of their in-house application processing solution, along with a basic review of the operations and roles management at the head office. Continue reading »
Creditinfo Lithuania examined athletic form
After the final financial results of 2013 Creditinfo Lithuania refreshed team playing water polo and table tennis.
Why use a Credit Bureau and the impacts in markets
Paul Randall, Business Development Director, Creditinfo International, and one of our regular Creditinfo Academy speakers and trainers, today gave a presentation on “Introduction to Credit Bureau and Achieving Benefits of Credit Information Sharing Initiative”.
Paul discussed the different infrastructure of a Credit Bureau, and went on to discuss four key market changes after a Crediti Bureau is introduced into the market place. He discussed a case study in Georgia.
You can view Paul’s presentation here: Why use CB and impact on the markets – Paul Randall
You can watch Paul’s presentation video here: Vimeo
Tel: +33 60 79 34 884
Email: paul.randall@creditinfo.com
Linked In: www.linkedin.com/profile/view?id=1195768
Pauls’ Bio
Mathematician by education, risk manager by experience. With over 26 years experience in credit risk management, Paul Randall has been working with Creditinfo since April 2007. Following graduation he worked with 2 retailers on the financial services side JD Williams, M&S Financial Services, then moved to the Co-operative Bank. During the period of his employment Co-operative Bank was an innovative provider of banking services and the risk management environment to support it. It was one of the first orgainstaions to deliver a enterprise wide customer risk assessment supporting all decision processes. He then moved to the consultancy side, the head of scoring and consultancy in Scorex in UK for 7 years then member of the Experian-Scorex Global Consultancy Team for 7 years. During this period led both direct client consultancy for risk management and Basel II in addition to best practice documentation. The global support was across over 25 countries, such as Taiwan, US, UK, South Korea, Brazil and Hungary. At Creditinfo he was initially managing director of Creditifno Decision then has moved to the Director of Business Development.
Creditinfo Guyana provides service to prevent identity theft
It was only a few weeks ago that a warrant was issued for the arrest of a 47-year-old woman who, posing as one of Guyana’s local beauty queens, Olive Gopaul, was able to fraudulently obtain money from several prominent business entities.
But members of Guyana’s only credit bureau—Creditinfo, are contending that such an unfortunate situation could have been prevented in just one minute.
Read more here: http://www.kaieteurnewsonline.com/2014/02/09/creditinfo-provides-service-to-prevent-identity-theft-within-seconds/
Increasing Financial Inclusion in West Africa – VoLo and Creditinfo Joint Venture. AfDB involved.
Creditinfo and VoLo Africa are pleased to announce their agreement to merge their credit bureau operations and establish a joint venture (JV), Creditinfo VoLo Africa, with the objective of working together in West Africa, in the area of credit bureaus, risk management and biometric information.
The initial intention of the JV is to set up operations in Gambia and Senegal, with Creditinfo Cape Verde also becoming part of the JV. An additional 7 countries are also planned upon receipt of regulatory clearance and approval.
The partnership brings together the Creditinfo experience of developing credit bureaus and risk management solutions in developing markets such as Tanzania, with the VoLo experience of biometrics and in depth experience of West Africa financial services.
Both organisations will actively be involved in steering the future of the business in Africa, bringing structure and strategic direction with the aim of increasing the stability of the African financial system and stimulating investment and financial inclusion, to create an environment in which the African banks can provide the required facilities for all borrowers, ranging from small enterprises and micro enterprises.
