CRC Credit Bureau launches mo­bile app

The Punch - - CAPITAL MARKET -

CRC Credit Bureau Lim­ited has launched a mo­bile ap­pli­ca­tion, CRC Mo­bile, to en­able in­di­vid­u­als to ac­cess credit in­for­ma­tion and credit scores through their mo­bile de­vices.

The Man­ag­ing Di­rec­tor/ Chief Ex­ec­u­tive Of­fi­cer, CRC Credit Bureau Lim­ited, Mr Tunde Popoola, said the launch of the app was part of ef­forts to ease ac­cess to in­for­ma­tion and em­power Nige­ri­ans.

Popoola, while speak­ing at the launch, said through the new mo­bile ap­pli­ca­tion, in­di­vid­u­als could en­joy ser­vices such as the CRC Score, CRC Credit in­for­ma­tion re­port, CRC Prospecta and CRC Port­fo­lio Mon­i­tor­ing, among oth­ers.

He said, “CRC Bureau has im­proved ac­cess to credit for con­sumers and mi­cro, small and medium en­ter­prises in the last 10 years.

“in June 2009 when CRC went live, six com­mer­cial banks sub­mit­ted 1,525,228 credit records but only 154,030, rep­re­sent­ing about 10 per cent, passed the val­i­da­tion process due to the bad qual­ity of the data.

“To­day, CRC has over 1,300 in­sti­tu­tions with about 30 mil­lion credit records suc­cess­fully pro­cessed. We have en­tered strate­gic part­ner­ships with the likes of the fair isaac Cor­po­ra­tion to power our credit scor­ing so­lu­tion.”

Popoola added that the com­pany was look­ing for­ward to the next decade with con­fi­dence and op­ti­mism.

He stated that the im­me­di­ate fo­cus would be to em­power in­di­vid­u­als to have ac­cess to their credit re­ports and credit scores through var­i­ous chan­nels any­time.

Ac­cord­ing to him, credit scores will soon as­sume na­tional in­ter­est, thereby caus­ing every­body to be in­ter­ested in their credit score.

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