New insurance claims database launched in Iceland
As of January 15 2019, the four Icelandic general (non-life) insurance companies will start using a new claims database for the Icelandic Financial Services Association (SFF) run by Creditinfo. The database will be used to counter organized insurance fraud, as it has been on the increase in relation to organized crime. According to a statement by the Icelandic Police, these groups seem to have found a loop hole in insurance fraud cases in Iceland.
Creditinfo Group wins contract with Central Bank of Oman for the Implementation & Support of Oman Credit Bureau “OCB”
PRESS RELEASE
Creditinfo joins forces with Central Bank of Oman (CBO) to implement a world class Credit Bureau in the Sultanate
Guyana – Successes driven by One Creditinfo at Work
Creditinfo from data provider to trusted industry leaders; a case study from Guyana
Ben Riley, Global Consultant Creditinfo and David Falconer, Sales Manager Creditinfo Guyana
In many ways the country of Guyana is unique. Considered part of the Caribbean region even though it is on the South American mainland. The only English speaking country in South America more interested in cricket than football. On the lowest population density countries on earth (just behind Iceland) but with 30% of that population residing in the capital city of Georgetown. However in the area of Credit, Guyana is proving again that a Creditinfo Credit Bureau can by the driving force behind market development and the opening up of affordable credit to all.
Creditinfo Academy – Gamification by Ieva Bieliunaite
Ieva Bieliunaite, the Marketing Manager from Creditinfo Group explains the concept of gamification. Gamification is the use of design elements characteristic for games in non-game contexts.We use game-based mechanics, aesthetics, and game thinking to engage people, motivate action, promote learning, and solve problems.
Creditinfo CRB Kenya launching its risk management products and services
Creditinfo CRB Kenya Ltd. is a credit reference bureau licensed by the Central Bank of Kenya. Recently, the company has launched its risk management products and services into the market. You can read more in the article by Stellar Murumba following this link.
Creditinfo acquire Credit Bureau in Estonia from Experian
Creditinfo are pleased to announce that they have entered into a definitive agreement to acquire a credit bureau operation in Estonia from Experian, Krediidiinfo. Krediidiinfo has been operating since 1993 and is engaged in corporate economic and financial data collection, processing and analysis. Hosting Estonia’s largest corporate and private database, Krediidiinfo currently has more than 16,000 companies, both domestically and abroad, utilising their credit reporting services.
My job
People have predefined ideas about what it is that I do. I have found that such ideas vary from me being in charge of everything that happens in our company to being in a ceremonial role. People outside the company typically believe I am involved in much more than I am. As an example someone I know might contact me and ask for a job. I would answer that I have only three employees myself and have not hired for 3 years, nor plan to. A lot of people are being hired by our Group, perhaps close to 1 per week now, but this is not something that is on my table. And that is not because I am too good for this, but precisely because I believe I am not very good at hiring and supporting people reporting directly to me. I typically give them tasks and leave it to them. The “outsiders” also find it strange that I have not been involved in the Icelandic operation at all for many years, even if I am working from the same office.
Players of the Month: Samuel White & Paul Randall
This month we’d like to recognise Sam and Paul for all the air miles they have recently clocked up.
Seriously though, their jobs may sound very glamorous, travelling all over the globe to meet the different operational sites and share best practice within the Group and meeting new / potential clients etc. The reality is, these guys can be getting out of bed at an unearthly hour, travelling for 20 hrs or more, delivering presentations having only had a few hours sleep, living out of a suitcase, arriving home in the middle of the night….. and don’t forget they are leaving their loved ones at home.
There are a number of other people within Creditinfo who equally travel a lot promoting Creditinfo around the globe and can equate with the trials and tribulations of travelling. We’d like to thank you guys too, you know who you are!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 »
News of Creditinfo HQ being moved to Europe
Creditinfo HQ in Reykjavik
As some of you may already know, we have been in the news in Iceland recently regarding the possibility of moving Creditinfo Group HQ. We have been moving towards this for some time, both as regards the legal registration and physical location. The legal aspect has mainly to do with financing. Iceland still has currency restrictions and the government is keeping businesses in the dark regarding relaxation of this. We have enough Icelandic Kronas but at times lack other currencies. Interest rates in Iceland are also high. As for the physical location, what we need to do is to have a base for expansion closer to new markets. Reynir used to be the only one in Iceland working for international operation, now we are 6, with the need to add a few more, considering all the opportunities that are presenting themselves. Continue reading »
