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/

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.

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25th Annual Meeting of “the Club” for Banks and Credit Institutions from Africa

Several leaders of banks and credit institutions from Africa met in Abidjan, Ivory Coast on 6th & 7th February 2014 for the Annual Meeting of the Club des Dirigeants des Banques et Institutions de Crédit d’Afrique (the Club).  The meeting marked the 25th anniversary of the Club.

At the opening session, the Prime Minister, Mr. Daniel Kablan Duncan voiced his pleasure at the Club choosing to meet in the Ivorian economic capital.Creditinfo were equally pleased to be invited to deliver a presentation advising on the benefits of establishing a Credit Bureau and how the banks and credit institutions should be prepared for the arrival of a central risk.

During his welcome, Mr. Duncan advised that the growth dynamics of African states should be accompanied by the African banking sector.   In this sense, he also spoke of the banking sector supporting the financing of major infrastructure projects likely to consolidate the development of states.

Continue reading »

We won the tender in Afghanistan

As you may already know, we won the tender for developing the Public Credit Registry (PCR) system for Da Afghanistan Bank (DAB) to enhance access to financial resources and loan facilities in the country.  Reynir signed the contract for the project in Kabul in February 2013.

How Lithuanians show their proud of high ratings

Certificates “Strongest in Lithuania” became a strong proof of confidence in Lithuanian companies. Some of them are so proud that they are able to get these certificates several years in a row that puts them altogether showing continuity of creditworthiness.

We believe that for the company from one of the biggest cities our certificates is more than a proof of trustworth or marketing. It‘s an emotion, proudness and a wish to show that to everybody: from local staff to VIP clients. We are very happy how many opportunities our clients have using the certificate.

Creditinfo Guyana on tv

Judy Semple-Joseph, CEO Creditinfo Guyana interviewed by Capitol News.