Key providers for lenders in South Africa: Credit scoring, KYC, and payment
Industry Information

Key providers for lenders in South Africa: Credit scoring, KYC, and payment

Running a successful lending business anywhere in the world today hinges on one critical factor: access to the right integration. In an industry where risk management is key, leveraging the right tools and partnerships can make or break a lender’s ability to thrive. This is where credit bureaus, credit scoring, Know Your Customer (KYC) infrastructure […]

5 issues that lenders have with Nigerian credit bureaus
Industry Information

5 issues that lenders have with Nigerian credit bureaus

Before Nigerian credit bureaus were created, banks operated as lone wolves, reluctant to share credit information with third parties. They also didn’t have ways of knowing if a borrower had unpaid loans with other banks/financial institutions. As such, borrowers could easily secure multiple loans and cart away funds from different institutions without the lenders knowing. […]

Nigeria’s problems will be solved by access to credit
Credit Laws

Nigeria’s problems will be solved by access to credit

Access to credit has historically been difficult in Nigeria. This is because, for years, big banks were the sole providers of financial services and those banks didn’t care too much for retail banking.