The data center will enable the credit bureau
to manage positive and negative credit information sent by Jordanian institutions through an advanced technology platform, which will integrate all data into a single report.
The fact that more than 60 per cent of respondents are not yet aware of the Credit Bureau
today highlights the importance for the Al Etihad Credit Bureau
to continue its efforts over the past three months in marketing its services over the course of 2015, and show the importance of the credit report to residents.
How will the advent of the credit bureau
help in growing good lending?
Outlining the framework under which credit bureaus
will effectively operate, the Bank of Namibia this week in response to questions posed by the Namibia Economist stated that new, and existing credit bureaus
will have to re-apply for licences to conduct business.
Most banks in the UAE met the deadline to submit the credit data to the credit bureau
and acknowledge that the availability of data will improve the overall credit quality in the banking system.
in Singapore are not subjected to regulation or penalties.
Marwan Ahmad Lutfi, CEO of Al Etihad Credit Bureau
, said: "Al Etihad Credit Bureau
has completed all necessary preparations and is ready to go live with the new system and begin operations soon after the by-laws are made public in the Official Gazette.
AoAs well as helping lenders make faster and more accurate credit decisions, the information held by the credit bureau
As banks and regulators continue to fine-tune risk-management processes, the question of credit bureaus
has increasingly popped up, especially in Asia, where they are still relatively new.
We believe sharing the experience gained in implementing the "Morocco Model" will help in accelerating Credit Bureau
growth in the MENA region.
Arab bank officials were among more than 350 experts of 40 countries from banking, government and the academic world who met at the 'International Credit Bureau
Conference 2004 Seoul' to exchange views on implementing full-scale positive credit bureaus
, now seen as essential in the wake of massive loan and credit card defaults in South Korea and other parts of Asia The conference was organised by the Standard Chartered Bank which employs 30,000 people in over 500 locations in more than 50 countries including the Middle East.
The Singapore Consumer Credit Bureau
to be launched in September this year by the Association of Banks in Singapore with MAS support is expected to help lower credit loan defaults and delinquency rates, MAS managing director Koh Yong Guan said in a speech at a risk conference.
Mustafa Nasereddin, executive director of the IT Consulting Services Department at Talal Abu Ghazaleh International (TAGI), talked about TAGI's initiative to launch the first credit bureau
in Jordan and the importance of such a project to the IT sector.
MINNEAPOLIS -- Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, today announced the launch of its Global FICO[R] score exclusively with the Irish Credit Bureau
Governor SBP, Mohammad Ashraf was of the view that the objective of the Credit Bureau
Act, 2015, was to provide a legal framework for emerging credit bureaus
through an act of parliament.