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Business | Credit Services & Registry

CRC Credit Bureau Named Best Credit Bureau Nigeria 2020 By CFI.co

Feb 06, 2020   •   by   •   Source: Proshare   •   eye-icon 4708 views

Thursday,February 06, 2020 / 02:00PM / CRC Credit Bureau / Header Image Credit: CFI.co

 

CRC Credit Bureau Limited(CRC) is named the Best Credit Bureau, Nigeria 2020 by Capital FinanceInternational (CFI.co) a print journal and online resource reporting onbusiness, economics and finance with its Headquarters in London, UnitedKingdom.

 

The CFI.co judging panelstated in their report that "CRC is the largest credit reporting agency inNigeria, responsible for over 95% of the nation's recorded credit data fromcommercial banks, on-bank institutions, utility companies and retailers. Thisimpressive market share is the result of a well-designed organisationalstructure, fine-tuned processes and highly principled governance".

 

"CRC creates a database ofrisk profiles deploying diligent research and data mining. Credit providers andborrowers alike rely on CRC Credit Bureau to facilitate informed lending andborrowing decisions with fast and hard facts. Creditors can access the CRCdatabase to check a prospective borrowers credit history or tailor new creditproducts using its tech-driven development tools. Catch-22 that it is,accessing a credit line requires a good credit history, whether private personor corporate entity and CRC foresees fintech partnerships filling the gap infinancial inclusion" CFI.co Judges Report, London 9thDecember,2019.

 

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The report showcased CRC'schoice of international partnerships stating "with the Fair Isaac Corporation(FICO), a world-wide leader of credit analytics, CRC has developed amethodology to standardise credit scoring across the Nigerian market and withits latest partnership with Nova, enables Nigerians who emigrate to the US taketheir credit history with them and gives them access to credit products andservices".

 

The CFI.co judging panelconcluded their report by agreeing "that sustainable retail lending is fuelledby digitalization and data-driven decisions and confirms CRC Credit Bureau asthe obvious choice for the 2020 Best Credit Bureau (Nigeria) award".

 

Each year, CFI.co seeksout individuals and organisations in their various sectors of the economy whotruly add value to stakeholders. Reporting from the frontlines of economicconvergence, CFI.co realises that best practice is to be found throughout theworld. The Awards Programme aims to identify and reward excellence wherever itis found, in the hope to inspire others to further improve their ownperformance. The Capital Finance International judges panel, review informationgenerated from independent sources during the nomination process and draw ontheir members expertise to identify candidates for award consideration.

 

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Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

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