Credit Bureau System
In the past, establishing a Credit Bureau was a high-risk operation that required a multi-million dollar investment and years of intense research and development. Many complicated issues needed to be addressed such as technology, communications, legal matters, security and maintenance.
Then we came along. And changed everything.
CBS is a ground-breaking, easy to implement Credit Bureau Solution. It serves as a platform for information exchange within the banking and non-banking sectors and provides organisations with the ability to store and distribute information and intelligence. CBS is an excellent solution for sharing information and increasing the value of data through the use of standardised decision-making tools. With CBS, we have leveraged the power of technology, execution and overall investment costs. With CBS, we have changed the Credit Bureau industry.
Credit Bureau Development
Led by a team of highly qualified and experienced risk management professionals who partner with you to ensure seamless implementation in all areas of setting up a Credit Bureau or an information exchange platform.
We appreciate this can be a demanding and difficult task, however our team recognises the major challenges and requirements to be successful, including all daily operations, business structures, sales, marketing, product development, training, legal assistance and more.
Credit Bureau Solution is a complex system created for the exchange of information about customers’ payment behaviour between financial and non-financial institutions.
This solution is a very important tool for the financial position evaluation of both potential and existing customers of credit providers, insurance companies, mobile operators and other institutions.
Every single record in a registry is a step forward for better financial inclusion.
The underlying shared database contains both historic and current information about payment behaviour of individuals, entrepreneurs and companies. The information can be extracted in a form of a simple or complex report, based on mutual exchange of information. Moreover, the reports are also completed with information from other available data sources.
Credit Bureau Solution was created according to the highest quality and security standards required by the banking sector and meets the strict criteria valid for the global register operators.
Reserve Bank of Zimbabwe
“Reserve Bank of Zimbabwe had made significant progress in enhancing the credit infrastructure through the establishment of a Credit Registry and operationalising the Collateral Registry.”
John Mangudya, Governor of Reserve Bank of Zimbabwe