Arab Finance: Consumer finance company One Finance has signed a deal with the credit information company CRIF Egypt to access the latter’s services in the fields of business intelligence and credit risk management, according to an emailed release sent to Arab Finance on June 8th.
On finance will also benefit from CRIF’s credit rating models and powerful data analysis tools, especially in analyzing alternative data via digital assessment models based on customer’s behaviors and social data.
This aims to boost financial inclusion and enhance individuals’ ability to plan and save amid soaring inflation, along with supporting the consumer finance sector.
The deal will also allow One Finance to accurately evaluate the creditworthiness of individuals, simplify the credit decision-making process, and promote financing strategies with maximum efficiently and accurately.