Creditinfo Group awarded the Knowledge Prize 2019

The Association of Business and Economics has chosen Creditinfo as the Knowledge company of the year 2019.

Creditinfo Group was chosen as the Knowledge Company of the Year by the Association of Business and Economics. During the selection process, companies that have excelled in  their international markets in the recent years were considered. Other companies that also came at the top include CCP, Marel and Nox Medical.

“It is a great motivation for us at Creditinfo to receive the Knowledge Prize,” said Brynja Baldursdóttir, Managing Director of Creditinfo Lánstraust and Regional Manager of Creditinfo Group in N-Europe. “Our business is based on an Icelandic ingenuity that is now in use in 45 countries around the world, keeping pace with this journey of creating value based on knowledge.”

“I am extremely proud that Creditinfo has been awarded the Knowledge Prize 2019, and that we have been awarded repeatedly before in Iceland for growth in job creation, as well as being named as the entrepreneur of the year in 2008,” said Reynir Grétarsson, founder and chairman of Creditinfo Group.

“We are being awarded for creating a valuable business based on knowledge, know-how that we have developed and found many forms and ways to sell in great number of countries. Most people only hear of us when they are declined credit since we have their credit score data. Such awards help remind all of us of the fact that we are creating valuable services that are important for the economy and to improve peoples lives. I am proud and grateful to the entire Creditinfo Group team and what we do for our company. Each and every person in the company plays a role that is necessary for the company to run efficiently.”

“Another milestone achieved thanks to the smart work and passion of our international, multicultural and talented team of professionals worldwide. Thank you to every single one of you, you make Creditinfo thrive!”, added Stefano Stoppani, the Creditinfo Group CEO.

We at Creditinfo Group would like to say a special thank you to the Association of Business and Economics for this recognition.

Invited to join IFC in Morocco

reynir in moroccoWe were invited to join IFC in Morocco last week at the 5th Financial Infrastructure and Risk Management Training for MENA and African Regions.  Reynir Grétarsson (CEO Creditingo group Hf) – pictured, Paul Randall (Director of Business Development Creditinfo International GmbH), Dirce Varela (CEO, Creditinfo Cape Verde) and Edwin  Urasa (Business Development Manager, Creditinfo Tanzania) attended the training.

IFC advised the training was very successful;  from a course review of the feedback forms received  it  looks  that on a scale  0-5 over  90% of participants rated the training  4 or 5 (with 5 being the highest).

A number of companies delivered presentations, which will be published in the websites of IFC and Bank  Al-Maghrib mid October. Paul delivered a presentation on VAPS (Value Added Products).

My job

Reynir GretarssonPeople 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.

Continue reading »

We are not only international, we are equal opportunity

blonduosBeing 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.

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.

The tender was organised by the Central Bank of Afghanistan in cooperation with the World Bank, International Finance Corporation (IFC) and Harakat Organization.  The total cost of the project is US$2.5 million financed by the World Bank.
We are one of the main contributors to this project.

Reynir has a new Christmas jumper

Christmas reynir 2013

“Best wishes and seasons greetings to you and your families!“

Reynir

Conference in Tanzania

Reynir Grétarsson and Dave Kahwa (Creditinfo Tanzania) participated in a conference in Maputo, Mozambique, at the end of October.  The conference was organized by the German Development-cooperation Agency (GIZ) and participants were, in addition to locals, from various African countries such as Uganda, Namibia, Democratic Republic of Congo, Tunisia, and Ghana.  Two other credit bureaus were offered to participate. Continue reading »