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Goals
The Credit Bureau Solution is a software system aimed at collecting and storing information on financial activities and credit obligation payment patterns of physical and legal entities for the purpose of generating credit histories. It is geared at enabling banks and credit organizations to evaluate the financial activity behaviours of physical and legal entities and make worthy credit decisions. Building a good credit history is essential nowadays and the Credit Bureau system aims to greatly stimulate on-time and duly credit repayments among individuals and organizations.
Opportunities
The credit bureau member banks, credit organizations, insurance companies and other organizations are given the opportunity to use informative services of the system and receive credit histories of data objects. Providing valuable financial information on individuals' and organizations' financial standing, the system thus enables partner organizations to evaluate and reduce credit risks, make worthy credit granting, prevent fraudulent credit activities, make queries on certain data subjects, monitor borrowers and track updates on credit information.
The System
The Credit Bureau Solution is a web-based flexible application accessible through internet or local network. It is embedded with a number of modules used for management of certain type of activity such as data submission, user management, credit reporting, search, customer monitoring, MIS reporting, invoicing and others. The system is enhanced with similarity identification, data conversion and validation capacities, credit reporting, MIS and statistical reporting and other universal tools. The system architecture, as well as usage of strong security systems guarantee the safety and confidentiality of all the data stored in the system database. It uses public-key encryption to protect files and ensure their privacy, authenticity providing maximum confidentiality.
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