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.
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.
Check out latest industry developments on Creditinfo Trend Report 2017
On 20-21st September, Marrakesh (Morocco) will become the capital city of lenders, credit risk managers and industry experts, as Creditinfo will be hosting its bi-annual worldwide conference — the Global Forum 2017.
Creditinfo Lithuania together with partners received an approval for more than 430 thousand euros EU funding. Funding is allocated for research and innovation activities.
Knowledge Economy Forum, Lithuanian think-tank for country’s progress, nominated Creditinfo Lithuania for „Knowledge economy company’s 2016” awards.
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.
Big news for the economy of Azerbaijan: on 7 December 2016, the President of the Republic of Azerbaijan signed the Decree on implementation of the Law on Credit Bureaus, which will be the foundation of credit bureau operations in the country. Continue reading »
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.