Mala’a launches Credit Bureau System in Oman
Creditinfo and Mala’a’s strategic partnership started in January 2019 and since then, the teams have been developing a state of the art Credit Bureau System, connecting members, integrating with new data providers, and ensuring the system is protected to the highest security standards.
On November 18th 2020, Mala’a officially launched its state-of-the-art Credit Bureau System to the banking sector in Oman. This announcement affirms Creditinfo’s commitment in helping businesses globally make better use of information and data, along with providing the latest software solutions to enhance risk decisioning strategies. Creditinfo have over the years strengthened our partnerships with Credit Bureaus globally by delivering Creditinfo’s technology with core credit bureau systems, infrastructure expertise, operational set up, self-service platforms, alternative data, digital lending solutions among other tailored services.
Creditinfo will continue partnering with Mala’a into the next phase of our project. The teams will be ensuring we expand the membership to new sectors such as telecommunication and insurance and delivering new value-added services like Instant Decision Solutions, Mobile Lending Platforms and Portfolio Management tools. This will help lenders and organizations improve the application process and the customer experience for Oman residents.
Lenders across the GCC are changing the way in which they operate and make decisions on an individual’s creditworthiness moving to a digital based approach while harnessing traditional and non-traditional data. With Creditinfo Gulf based in Muscat now firmly installed in the region Creditinfo will remain at the forefront of facilitating access to finance in each of our markets and help lenders to reduce risk and increase profitability. We look forward to continuing assisting with cutting-edge technology in the region and helping Lenders and Telcos increase profitability without increasing the risk of new business.
Gary Brown, MD, Creditinfo Gulf.
Thanks to Creditinfo, Estonia becomes the competence center of open banking
The Head of the company says a positive credit register is needed for boosting the Estonian credit market. Stefano Stoppani, Dubai-based Chairman of the Board of Creditinfo providing business information, solvency assessment and market analysis, intended to visit its offices in Estonia and the other Baltic countries in the beginning of March, but COVID-19 hampered with these plans. Europe is cautious in regulating both data protection and open banking. The aim of the PSD2 directive is to give third parties – licensed companies – access to a person’s bank account information. This is not done just because, but for providing better service, and obviously the account holder must authorize this. The third-party, for example, the creditor, can then see the income of the person and what the money is spent on. Information is needed to determine if the person is able to pay back the loan (s)he wants.
The financial inclusion conundrum in developed economies
By Stefano Stoppani – CEO, Creditinfo Group
Last month, consumer champions Which? revealed the findings of research into the state of the UK banking sector – with a somewhat bleak conclusion. The top line of the study? A third of all UK bank and building society branches have closed over the last four and half years. Of those that remain on our high streets, opening times have narrowed.
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.
“Smartphone information can be sufficient to make a credit decision”
ARTICLE – IQ MAGAZINE INTERVIEW IN LITHUANIA WITH STEFANO STOPPANI
ECONOMICS | DATA ECONOMICS
“Smartphone information can be sufficient to make a credit decision”
Millennials will eventually stop from carelessly distributing information about themselves, but accessible data have a bright side too, thinks Stefano M. Stoppani, the CEO of “Creditinfo Group”, uniting 33 credit bureaus around the world. A discussion held by IQ reporter, Vilius Petkauskas.
Recently, “The Economist” compared data to oil and affirmed that the importance of the former in the XXI century will overpower the black gold. Would you agree with such a statement?
Creditinfo Group Expands Middle Eastern Presence with New Regional Office
PRESS RELEASE
Creditinfo opens new facility in Muscat, Oman to enhance services offered to customers in region
Muscat, Oman, 12 March 2019 – Today, Creditinfo Group, a leading provider of global credit information and fintech services, announces that it is expanding its footprint in the Middle East with the creation of Creditinfo Gulf, the organisation’s regional hub in Muscat, Oman. The new office will support current and prospective Creditinfo clients, with access to a wealth of global expertise, knowledge and technology to enhance the existing financial infrastructure in the region.
