Introduction to Credit Risk Management – Training coming up in Tanzania
Introduction to Credit Risk Management: Realizing the Benefits of Credit Bureau Data
This two (2) days training program is designed for bankers, microfinance and other professionals responsible for maintaining top quality loan portfolios, identifying risk management opportunities and designing financial solutions for clients in a new and evolving international credit environment.
The Training will be taking place on the 21st & 22nd October 2014 or 23rd & 24th October 2014 at Ledger Plza – Bahari Beach Hotel.
There is widespread agreement particularly amongst regulators that financial institutions need to rethink credit policies, procedures, and risks they are taking.
The workshop will provide knowledge and support to members of credit risk and operational management team to better understand the developments in Tanzania with the credit information sharing initiative.
The workshop will cover the concepts behind credit bureaus, and how businesses can use this data to improve the quality of lending, both in terms of e‑ciency and quality. The workshop will also cover the fundamental concepts of application processing and utilzation of the credit bureau reports.
It will also present an excellent networking opportunity for attendees to share ideas about their own challenges and best practice.
Sounds Interesting? Find out more here: http://www.creditinfo.co.tz/home/training-events/credit-risk-management-/
Creditinfo win tender in Latvia
Check your social credit score developed by Creditinfo Lithuania
Creditinfo Lithuania developed a social credit score that predicts credit risk by user‘s data from Facebook. The score depends generally from profile information, activity, communication culture and friends information.
For example, the score is influenced by „likes“, groups you follow, phone type, also honesty adding personal information and other variables that were identified as significant based on econometric modeling. Continue reading »
Hakon & Megan on CVM Sunrise, Jamaica
Creditinfo Iceland & Creditinfo Jamaica – on CVM at Sunrise discussing “How does the Jamaican sector match up internationally and what are the next steps for the Credit Bureau in Jamaica”.
Watch it here:
More info: Megan Deane and Hakon Stefansson
We're official in Kenya
We recently told you that Shane Moldenhauer is heading up Business Development in East Africa. Well, we have now officially registered a company “Creditinfo Kenya”. The first of many to come!Admittedly, the authorities in charge of this process spelt it wrong the first time we submitted our application, but now they have amended it and everything is official. We are also launching the website very soon too – you will be able to link to it from the “locations” section on www.creditinfo.com ….watch this space.
Mr Lawrence Williams, Governor of the Bank of Guyana
It is with deep regret that we at Creditinfo (Guyana) Inc. have learnt of the passing of the Governor of the Bank of Guyana, Mr. Lawrence Williams.
Mr. Kristinn Agnarsson, Senior Business Development Manager, Creditinfo Group (centre) receiving the license to operate Creditinfo (Guyana) Inc. from Bank Of Guyana Governor, Mr. Lawrence Williams (left) on August 29, 2013 in the presence of Hon. Minister of Finance Dr. Ashni Singh (right).
While we knew that he was not well for a while, his death has evoked feelings of shock and deep sadness – particularly since he recently presided over the granting of the license to Creditinfo for the establishment of Guyana’s First Credit Bureau and even more recently at the launch of our SeeRisk International Business Report. Continue reading »
Lithuania certified by ISO 27001:2005 standard
Lithuanian credit bureau, Creditinfo, have implemented an information security management system that ensures greater protection of data stored and saved in the credit bureau system.
Creditinfo Lithuania’s information security management system meets the ISO/IEC 27001:2005 certificate requirements. The project was implemented by the EU Structural Funds Program Process LT, during March 2013 to March 2014.
“In everyday activity we deal with large amounts of information that is provided by financial, telecommunications, power supply and other industry sectors. Our information security risk management has always complied to the highest standards, however, from now on it is also approved by the ISO certificate. This will increase the confidence of both data providers and residents whose credit history is collected in the credit bureau“, advises Andrius Bogdanovicius, Chief Executive Officer, Creditinfo Lithuania.
Risk Challenges 2014: New Legislative Limitations in Kazakhstan
The LLP “First Credit Bureau” of Kazakhstan (1CB/PKB) with the support of the Association of Financiers of Kazakhstan recently hosted an event in Almaty dedicated to discussing the introduction of legal restrictions on the leverage ratio (KDN) and limiting growth of unsecured lending, which entered into force in Kazakhstan from 1 April 2014. The relevance of the event was confirmed by the interest of more than one hundred representatives from the banks, the National Bank of Kazakhstan, financial institutions and the business media.
Amongst the speakers, representatives from Creditinfo Group, First Credit Bureau, International Centre of Economic Literacy joined senior spokespersons from a number of influential banks such as Kaspi Bank, Sberbank, Kazkommertsbank, Nurbank, the National Bank of Republic of Kazakhstan, as well as more than 100 prominent industry specialists who attended this event held in Almaty. 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 »
