Digital bank Liv. to offer fast access to credit score
New feature to help better financial planning
Liv., the lifestyle digital bank by Emirates NBD for millennials yesterday announced that it is working with Al Etihad Credit Bureau (AECB) to provide customers easy and instant access to their AECB Credit Score, by simply clicking on the CreditCheck feature on their Liv. app. The new service is unique to Liv.
The lifestyle digital bank was established last year in line with UAE Vision 2021’s aim of establishing a smart innovation-driven economy, and is now the fastest growing bank in the country on the back of its unique lifestyleled proposition and intuitive tools that help customers keep track of their day to day routine and finances on one app.
“With over a 100,000 customers now, Liv. is fast becoming the bank of choice for young customers in the UAE,” said Suvo Sarkar, Senior EVP & Group Head — Retail Banking & Wealth Management, Emirates NBD.
“Liv. is a key pillar of our growth strategy and we will continue to enhance the platform through new services and strategic partnerships that help our millennial customers get the most out of their money and their daily life.”
Maintaining healthy score
In addition to viewing their credit score, Liv. customers can also view their debt burden ratio (monthly loan and card repayments as a percentage of their salary) as well as access tips on how to maintain a healthy credit score by ensuring regular repayments, borrowing wisely, and following other healthy financial practices.
The Credit Score is a threedigit number, ranging from 300 to 900 with a lower score indicating a higher risk and likelihood of missing debt payments.