The Creditinfo Chronicle
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.
Agrifinance and Scoring: Georgia’s Case
When you walk down lively Tbilisi downtown all your senses are filled with a mixture of western and eastern cultures. You can see something amusing on every corner — an old orthodox church, sulfur baths and of course many street traders selling all kind of stuff. You should try churchkhela, candle-shaped candy made of nuts and grape juice. Small traders together with farmers, shop owners and craftsmen are the hallmark of Georgia and they are a vital part of country’s economy.
IFRS 9 — Why Credit Bureaus Are The Ideal Partner?
Financial institutions around the globe are feeling the heat from the introduction of IFRS 9 impairment reporting. Credit Bureaus offer the most effective solution for compliance and harnessing the benefits of Credit Risk Scoring and PD estimation.
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.
How to identify the right VC’s for investment: The do’s and dont’s
I wrote an article last week on the key lessons I have learnt so far in the tech business and some people reached out to me to provide some advice when negotiating with a venture capitalist (VC) or an investor. This is from my own personal experience and observations and thus critical feedback and debate are welcome, particularly from investors themselves.
— by Kevin Mutiso
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.
Are we there yet? Big Data and the Quest for Financial Inclusion
At financial sector conferences, you come across talk about the use and application of big data and the same question pops up – are we there yet? Are financial services’ providers applying data analytics in their daily management to streamline decision-making and improve efficiency?
Working with CREDO Bank
In 2017, we were approached by CREDO Bank to help them reviewing credit process for small urban and rural household customers. Having around 220,000 active clients can be a challenging task, especially maintaining a high retention rate in such a competitive environment as agricultural and individual consumer credit lending.
BUSINESS DAILY: Creditinfo unveils scoring system based on personality in Kenya
“The integration of innovative credit evaluation solutions based on personality features with a robust credit bureau system such as CBS will enable the Kenyan market to have a tangible competitive advantage in the area of credit,” said Kamau Kunyiha, CEO of Creditinfo Kenya. In partnership with Coremetrix.
