What can Telcos learn from Digital Lenders?
On Tuesday 28th July, Safaricom (the largest mobile provider in Eastern and Central Africa), launched a new service offering consumers the opportunity to buy a 4G-enabled smartphone for as little as 600 KSH (6 USD) per month for nine months, with an initial deposit of 1,000 KSH (10 USD). This is a high-impact initiative for the country, where the average monthly disposable income is just 8,500 KSH (85 USD) according to a 2019 report from the Kenyan National Bureau of Statistics.
Creditinfo’s “CIP Score” Between evolution and improvement: a powerful tool for risk management in a more digital financial environment
The core business of commercial banks and other lenders, at the most basic level, is to sell money. To loan an amount with a negotiated re-payment schedule with interest, is a process that allows the economy to finance itself. But for this cycle to be sustainable in the long term, it must be carried out with both vigilance and responsibility. The “credit risk” of a client, their probability of reimbursement, and differentiating between “good” and “bad” clients are basic yet essential elements to loan in a profitable and durable manner.
Fraud Risk Assessment, the Process, getting it right
Nolan Williams is a consultant and global expert in Operational, safety, security and Fraud risk management services. On Thursday, 25th February 2016 we had a pleasure to introduce him as a speaker of Creditinfo Academy.
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.
