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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
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 »
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 »
Da Afghanistan Bank (DAB) extremely satisfied with Creditinfo’s Public Credit Registry System
Creditinfo recently designed a system to record and analyse credit information for Da Afghanistan Bank (DAB). The new system was implemented in December 2013, less than 9 months after the tender organised by the Central Bank of Afghanistan (in cooperation with the World Bank, International Finance Corporation (IFC) and Harakat Organization) was won by Creditinfo.
Director General for PCR Department of DAB, Mr. Nesar Ahmad Yosufzai recently stated “PCR is extremely satisfied with the implementation of the PCR project to date. The PCR system reduces risk for the banks, enhances loan data quality, and accelerates the process in granting loans whilst maintaining healthy competition. Continue reading »
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/