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
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 – 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 »
More about Azerbaijan
As you may remember, in November, we told you that we were the finalists, along with CRIF, for a tender to become the operator of the First Credit Bureau in Azerbaijan.
Before selecting the winner, the Executive Committee wanted to clarify a few issues relating to the hardware of each organisation. In December, Tomáš Tichý,Radek Bittner, Paul Randall and Reynir gave a presentation in Baku. According to Paul his presentation was fantastic and Reynir’s was OK! (how cheeky!).
Anyway, the Committee now want to visit both organisations, so at the end of January they will be going to IBCH in Kiev and to CRIF HQ in Bologna. Afterwhich they will advise who will receive the tender. Watch this space….
On a side note, we bumped into William Haigh as we were leaving the IFC office.
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.
Growing a mo!
During November each year, Movember is responsible for the sprouting of millions of moustaches around the world. With their “Mo’s” men raise vital funds and awareness for prostate and testicular cancer and mental health.
A team of the guys at SOLUTIONS CZ got into the spirit of Movember by growing a range of impressive moustaches.
At the end of the month, the ladies of the Czech office voted and David Urban became the resolute winner. For his great efforts, David won a session at the local Barber Shop.
However, second place was undecided, as Milan Krupicka and Radek Bittner drew in the number of votes, but in the deciding round, Radek won over Milan 3:2. Jitka Burkoňová lead the way in helping the guys raise money for the charity and LindaTomanová assisted in arranging the vote.
“There are a few of these that have definite porn star look-a-like potential, maybe I should lend them my leather pants to complete the look!” A.H.
