The Creditinfo Chronicle
Credit Bureau Solution CBS5 by Alexander Novoselov
Today, Alexander Novoselov (known to his friends and colleagues as Sasha) , Senior Business and Software Analyst at Creditinfo Solutions, gave the Creditinfo Academy a presentation on CBS5. This is Creditinfo’s Credit Bureau Solution.
Sasha showed us how the software works and some of the typical data that the system collects and the type of information it outputs, i.e. a credit score and a credit report.
You can watch Alex’s presentation video here: Vimeo
Elvis is in the building…..
And so are Islene and Fanney! Meet our interns;
Elvis Zāģeris is working for Creditinfo Malta for 6 months until he returns to BA School of Business and Finance in Riga to continue his studies in Finance. Elvis is originally from Jelgava in Latvia. He is helping the Malta team with all things Financial and a lot of other stuff too! Apologies for the title of this section, Elvis, but it isn’t very often we can actually say it and mean it! :o)
Nordkredit 2014
Nordkredit is principally a networking group of North European Credit Risk Management companies (and their subsidiaries in other countries) who get together once a year to update each other with an overview of performance and trends for their company and country. Some of the 30+ company members in addition to Creditinfo Group of Companies are: Creditsafe Group of Companies, Experian, Equifax, Suomen Asiakastieto Oy, Syna AB, UC AB, Debitor Registret A/S, UC AB …to name but a few. Continue reading »
We are not only international, we are equal opportunity
Being from a small village on the north coast of Iceland and without any contacts whatsoever in the beginning, I did come across barriers related to who I was, as opposed to what I did or could do.
I like to have people with different backgrounds and dispositions in our company. Not all of are the usual run-of-the-mill international experts. But this only gives broader perspective to the company and makes it stronger.
I am not sure that what I am saying makes sense to you (all), but I wanted to say it anyway.
Cape Verde has got a new CEO
We are pleased to welcome Dirce Varela to the team too. She is now the CEO of Creditinfo Cape Verde. Her first day at the office was on Tuesday 20th May. Dirce is responsible for paving the way to ensure Creditinfo Cape Verde starts Credit Reporting this year. Kiddi advises “there are still a number of hurdles on that road and therefore no easy task. With the support of Creditinfo and our partners in Cape Verde, The Chamber, we will succeed!”
2 New Employees – Creditinfo Group Credit Bureau Expansion
Kristinn “Kiddi” Agnarsson has recruited more people to the Credit Bureau Expansion team to meet the increased demand of all the new opportunities we are are receiving. Joining him and Shane Moldenhauer, Einar Davidsson and Jóhanna Magnúsdóttir, who you read about in the previous month’s issue of The Ivory Towers, are:
Eyjólfur “Eyjó” Eyjólfsson
Firstly, let’s start with how to pronounce Eyjólfur – as he advised some of our non Icelandic friends, its much easier to call him Eyjó which is pronounced A-O. Continue reading »
Credit Lifecycle Solutions and Predictive Analytics
Alexander Lazarov – CEO of Creditinfo Solutions.
Way too often we meet with Financial Institutions who manage their customer portfolios mainly manually and through judgmental decisions.
This is true of companies spanning the array from Tier 1 Banks to small MFIs. And it encompasses essential business management points, such as Leads generation, Lending approval, Credit Limit assignment, Pricing, Collections and Fraud Prevention.
We have encountered this needless issue in every geographical region.
Conversely, the Industry Best Practices show that taking such decisions in automated environment and based on Predictive Modeling leads to more efficiency, effectiveness and customer satisfaction. Ultimately, this leads to improved KPIs and helps the company to achieve its corporate goals.
Before we analyze the typical obstacles to the adoption of Automated Decisioning, let us briefly examine its main financial advantages and soft benefits. Continue reading »
Creditinfo Lithuania showed racing and drifting skills
This time Creditinfo team demonstrated their skills at kart race. Rain made difficult conditions for all racers but this challenge became an opportunity to test drifting.
First place trophy went to programmer’s Donatas hands who get champagne shower from Aurimas (3rd place), while another programmer Rytis won a silver trophy.
There are some moments from the racing.
Ethics & Fraud in the Business Environment
Gordon Moore, President of Sepia Associates, delivered a webinar for the Credtinfo Academy on Ethics and Fraud in the Business Environment.
You can read more about the webinar and Gordon’s biography by clicking this link.
To see Gordon’s PPT presentation, please click here.
If you would like to contact Gordon, he can be reached on LinkedIn
You can watch Gordon’s presentation video here: Vimeo
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 »
Lithuanian team clambered in the tree-tops
Creditinfo Lithuania spend an evening in adventure park where we had experience in the tree-top adventures.Our team faced SUCH CHALLENGES like great high, muscle strength, flight over the river and a jump rope.Find out moments from our adventure: 
Player of the Month: Lithuania
Creditinfo Lithuania
These guys are continually coming up with innovative (and fun) ideas.Have you checked out your social media credit score yet?Creditinfo Lithuania have 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.Creditinfo Lithuania presented the score at a press conference last week and received a lot of attention from media channels including TV and radio.
Off to Sri Lanka
Sri Lanka
Our high quality standards are proven again
First Credit Bureau Kazakhstan have also proven their high standards of quality by passing the certification audit and receiving certificates for ISO 9001 and ISO 27001 in the first quarter of 2014. Well done Kazakhstan. If your operational site is interested in attaining this certification Aurimas at Creditinfo Lithuania or Madina at FCB Kazakhstan are the people to talk to!
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.
