The Creditinfo Chronicle
Friday 1st September, thousands of credit records started to flow into the Creditinfo Registr — CRKI, new Next Generation Credit Bureau in the Czech Republic, led by Tesa Vitelj, Managing Director.
Since the Credit Reporting Act came into force in Jamaica in 2010 thanks to Creditinfo and Partner efforts, tremendous positive changes have occurred in the market.
COREMETRIX, the world’s leading provider of psychographic data, has announced the launch of a new product allowing lenders and debt collection agencies to assess the likelihood of customers recovering after they fall into arrears.
“Discussions about fintech taking over banking are becoming last year’s debate; the situation is now more nuanced. Some of the largest investors in fintech now are banks, and we are staring to see mainstream leaders acquire, adopt or develop some of the new technologies. ”
Article by Paul Randall, Executive Director at Creditinfo Decision Analytics; Steven Kunyiha, CEO of Creditinfo Kenya and Alexandra Aproyants, Senior Consultant at Creditinfo Decision Analytics.
Read more here.
“Creditinfo Group” is well set on its track for growth and announces the acquisition of 33% of shares in the Kyrgyz Credit Information Bureau “Ishenim”. This strategic acquisition meets Creditinfo’s aim to contribute in growing economies and facilitating access to finance – a challenge that the company has been meeting for the past 20 years.
Creditinfo Tanzania Limited has appointed Israel L Kamuzora as independent non-executive Chairman of the Board of Directors, replacing Reynir F. Grétarsson, founder, majority shareholder and Chairman of the Board of Creditinfo Group Hf.
Today, Stefano M. Stoppani joined as CEO of Creditinfo Group, the international credit information, risk management services and solutions provider. He replaces the company founder and former CEO, Reynir Grétarsson, who remains as active Chairman of the Board and majority shareholder of the company.
Starting June 2017 Creditinfo Group becomes member of the Business Information Industry Association (BIIA), which is a trade association for providers of business information services helping businesses manage growth and reduce risk.
BIIA members’ services include information content, platforms, workflow software, decision systems, identity and authentication services, compliance and risk assessment tools. The largest member segments represent consumer credit bureaus, commercial credit information companies, business information and software providers supporting digital commerce.
More information about BIIA is available at www.biia.com
Creditinfo Eesti AS, the largest Estonian credit information and risk management services provider, will have a change of lead starting 1 June 2017, as former CEO Veiko Meos joins the Supervisory Board, while Ege Metsandi takes on the steering wheel of the company.
The Central Bank of Kenya (CBK) is set to conclude a study on the law capping interest rates and its impact on the economy, CBK Chairman Mr. Mohamed Nyaoga announced on Tuesday, April 25th. On the same day, Creditinfo Kenya and Creditinfo Academy organised an exclusive meeting for professionals from the financial sector to acquire inspirational observations and insights on the current situation in the Kenyan credit risk management market and acquaint themselves with solutions to the challenges faced by the need to reduce losses and improve productivity.
Baku, Azerbaijan, April 19, 2017 – IFC, a member of the World Bank Group, over 20 local financial institutions and Creditinfo have teamed-up in launching Azerbaijan’s first private credit bureau to enable local financial institutions to better share credit information, manage lending risks, and boost access to finance for borrowers, including SMEs.
Lenders in emerging markets are increasingly looking towards personality-based methods when a customer’s credit history is insufficient for traditional risk analysis. Coremetrix believes that psychometric data can play a vital role in opening up access to vital financial services and matching lenders with profitable, new customers.
Clare McCaffery’s recent interview in TEARSHEET explains some of the methodology behind how Coremetrix can predict real-life financial outcomes and unlock access to credit and other financial products worldwide.
Check this out right here.
Live data started to flow at Pefindo, the credit bureau in Indonesia powered by Creditinfo. Indonesia being the fourth most populated country in the world, with an estimated population of 260 million, this project illustrates a solid scope-related challenge that a team of more than 60 professionals achieved in approximately 2 years.
Sigrún Ragna Ólafsdóttir has joined Creditinfo Group as external Board Member, replacing Hákon Stefánsson who temporarily held this position and remains Deputy CEO of the company as well as Executive Director for Credit Bureau Operations at Creditinfo.
Creditinfo Decision Analytics is launching the Collateral Registry as an essential stand-alone solution to contribute in ensuring a healthy financial ecosystem by enabling to centrally manage information on collaterals and thus avoid duplications or potential fraud.