The Creditinfo Chronicle
Agrifinance and Scoring: Georgia’s Case
When you walk down lively Tbilisi downtown all your senses are filled with a mixture of western and eastern cultures. You can see something amusing on every corner — an old orthodox church, sulfur baths and of course many street traders selling all kind of stuff. You should try churchkhela, candle-shaped candy made of nuts and grape juice. Small traders together with farmers, shop owners and craftsmen are the hallmark of Georgia and they are a vital part of country’s economy.
IFRS 9 — Why Credit Bureaus Are The Ideal Partner?
Financial institutions around the globe are feeling the heat from the introduction of IFRS 9 impairment reporting. Credit Bureaus offer the most effective solution for compliance and harnessing the benefits of Credit Risk Scoring and PD estimation.
Dublin fintech Trezeo clinches vital UK regulatory approval
Gig economy fintech Trezeo has just become the first income-smoothing service to receive authorisation from the Financial Conduct Authority, the UK’s financial regulator.
How to identify the right VC’s for investment: The do’s and dont’s
I wrote an article last week on the key lessons I have learnt so far in the tech business and some people reached out to me to provide some advice when negotiating with a venture capitalist (VC) or an investor. This is from my own personal experience and observations and thus critical feedback and debate are welcome, particularly from investors themselves.
— by Kevin Mutiso
Micro-lenders should work with regulators
Recently, there has been much publicity about the 1.5 million Kenyans who have been negatively listed on the Credit Reference Bureau (CRB) as a result of borrowing from micro-lenders.
— by Kevin Mutiso
Icelandic company shows how fintech can lift people out of poverty
Read the article by IBS intelligence on how Coremetrix is launching a new service that could lift many of the ‘unbanked’ of developing nations out of poverty through an alternative method of credit assessment.
Are we there yet? Big Data and the Quest for Financial Inclusion
At financial sector conferences, you come across talk about the use and application of big data and the same question pops up – are we there yet? Are financial services’ providers applying data analytics in their daily management to streamline decision-making and improve efficiency?
Working with CREDO Bank
In 2017, we were approached by CREDO Bank to help them reviewing credit process for small urban and rural household customers. Having around 220,000 active clients can be a challenging task, especially maintaining a high retention rate in such a competitive environment as agricultural and individual consumer credit lending.
BUSINESS DAILY: Creditinfo unveils scoring system based on personality in Kenya
“The integration of innovative credit evaluation solutions based on personality features with a robust credit bureau system such as CBS will enable the Kenyan market to have a tangible competitive advantage in the area of credit,” said Kamau Kunyiha, CEO of Creditinfo Kenya. In partnership with Coremetrix.
Feels good to be #1 – the most widespread credit bureau provider
Feels good to be #1: with 33 credit bureaus running today, Creditinfo appears to be the most widespread global partner in this field worldwide. Most of Creditinfo bureaus are powered by the credit bureau system CBS, which is a flexible solution enabling to easily integrate most various sources of information.
Psychometric Solution Already Available at Kenyan Credit Bureau
The Kenyan market is amongst the first in Africa to benefit from a fully integrated psychometric module within a credit bureau system, thus enabling more accurate credit decisioning and broader access to finance, thanks to an additional layer of information on the consumer, coming from the consumer himself/herself: information on one’s personality.
Finance Companies In the Eyes of Banks
Happy partner of the Indonesian Financial Services Association in hosting the “Finance companies in the eyes of banks” event in Jakarta. Even happier to meet >250 industry professionals and looking forward to new opportunities for better financial inclusion. Thanks Johnny Lim for the snapshots and looking forward to follow-up meetings in our Singapore office or anywhere in the region, at your convenience.
Creditinfo’s Breakfast Seminar in Guyana
On Friday, April 27, 2018, Creditinfo Guyana hosted, current and potential subscribers from a broad range of utility, financial and other commercial entities, at a Breakfast Seminar in Georgetown to coincide with the visit of the Group CEO, Executive Director and Regional Manager for Latin America and the Caribbean. In attendance were representatives from 23 institutions.
Creditinfo’s Business Solutions Breakfast Seminar in Jamaica
Creditinfo Jamaica organised its first Business Solutions Breakfast Seminar, which was held in Kingston, Jamaica. The Seminar was held with a view of exposing subscribers and other critical industry officials to Creditinfo’s Value Added Products.
Proof that Credit Bureaus Improve Countries’ Distance to Frontier Score for Getting Credit
Within the Credit Bureau industry, we often talk about better financial inclusion and ways to facilitate access to finance, especially in light of the 2 billion “unbanked” population – a number reported in the Worldwide Findex Database by the World Bank and escalated by many industry players.
