Guyana – Successes driven by One Creditinfo at Work
Creditinfo from data provider to trusted industry leaders; a case study from Guyana
Ben Riley, Global Consultant Creditinfo and David Falconer, Sales Manager Creditinfo Guyana
In many ways the country of Guyana is unique. Considered part of the Caribbean region even though it is on the South American mainland. The only English speaking country in South America more interested in cricket than football. On the lowest population density countries on earth (just behind Iceland) but with 30% of that population residing in the capital city of Georgetown. However in the area of Credit, Guyana is proving again that a Creditinfo Credit Bureau can by the driving force behind market development and the opening up of affordable credit to all.
Consumer lenders in Latvia obliged to exchange full positive credit history via Credit Bureaus
PRESS RELEASE
Changes in Consumer Protection Law adopted by Saeima (Latvian Parliament) obliging consumer lenders to exchange positive credit information about consumer and to use this information in assessment of creditworthiness is a positive step, said “Kredītinformācijas Birojs”.
Creditinfo Estonia celebrates the 25th anniversary
Creditinfo Estonia – the oldest company in the Creditinfo Group – celebrates the 25th anniversary this year. Creditinfo Eesti AS was established in 1993 (operated under the name Krediidiinfo AS until December 2016). Many years’ experience has helped the company to become the largest and most professional Estonian supplier of credit information.
Creditinfo Estonia has been a loyal long-term partner to Estonian companies helping them to make smart and intelligent business decisions. Creditinfo Eesti AS is the Estonian market leader in the sector of information collection, processing and intermediation.
On 17th of October, Creditinfo Estonia celebrated its 25th anniversary with the clients in a client-conference: Creditinfo 2.0.43. Our goal was to look back to the eventful history, and to begin with the creation of a new version of Creditinfo Estonia for the next 25 years – Creditinfo, version 2.0.43!
The main topics of the conference covered the preview into the next years – possibilities of using alternative data solutions in credit ratings and cross-border data exchange, we talked about innovations and advances in data ecosystems and analytics. Additionally, we took a closer look into what is happening in the credit-industry in the world.
The conference was a perfect thank you gesture for all the clients, who are the roots of our success. Trust and loyalty from the clients give us the inspiration and courage to create innovative solutions impacting the business and social environment around us.
From Unemployed to Financially Empowered: Meet Dorah, Creditinfo Success Story
So many great stories on financial inclusion across the globe are left untold. So rewarding to be able to share with you at least some of those, where Creditinfo can contribute and make a difference. Watch the story of Dorah.
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.
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.
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
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.
