After several years of actively listening to the market’s needs and expectations, the international innovator in credit risk management solutions’ – Creditinfo – opens a subsidiary in Asia. Counting the success of the full scope credit bureau solution implementation in Indonesia, launched back in 2017, as well as the positive results from various decision analytics and consultancy services in the region, Creditinfo opens its doors with a dedicated team of top-level professionals based in Singapore to meet the increasing demand for a fresh and innovative approach in credit risk management and fintech, as well to be closer to the company’s existing clients in order to serve them better.
Today is a special day as we have a movie premiere to announce: THE CREDITINFO STORY – a real short documentary about Creditinfo, or Creditinfo philosophy to be exact, and all of this through the eyes of the company’s founder and Chairman of the Board, Reynir Gretarsson.
The Creditinfo Story is a genuine documentary telling an authentic business story, that started back in 1997. It includes flashbacks on how the business was founded, reminds of what its roots were and displays the core if its DNA, which remains unchanged.
You are welcome to check it out right here.
“When users have to share identifying data with a third party, security risk is high. A new tool puts users in charge of their identity and attempts to make ID management seamless.” Check article by Priyanka Ketkar at TechTarget.
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.
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
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.
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.
On Friday, 24th March 2017, an agreement was signed between Creditinfo Group and Alternative Circle, a Nairobi-based mobile financial solutions innovator, to facilitate financial inclusion in Africa. Seed capital, as well as extensive Creditinfo expertise in classic and alternative credit risk management, will empower Alternative Circle to enable access to consumer data that was unavailable before, therefore lowering barriers to a wider population to get access to finance.
On Tuesday, December 6th, the Central Bank of Iraq announced the launch of online exchange of information between the banks via a credit bureau system. The system, named CBS5, is provided by Creditinfo, who won an international tender initiated by WorldBank. The credit bureau system was built from scratch in only 10 months, including transfer of know how and financial institutions’ education and training in risk management. According to the Central Bank’s official press release, from now on this solution will enable a fast and reliable way to share credit information between government and private banking institutions. The implementation of a modern credit bureau system will contribute in increasing the efficiency of risk assessment in order to make sound credit decisions.