One Finance can now take advantage of CRIF’s full range of services.
CRIF is a global leader in the provision of credit bureaus, their management and operations. They have partnered with One Finance – an integrated platform that provides consumer financing. One Finance can access CRIF’s credit bureau services and tools such as credit scoring models and data analysis.
One Finance, in order to increase financial inclusion, and empower people to plan ahead and to be able to save despite rising prices, uses CRIF’s credit ratings models, and its powerful data analysis tools. This includes the digital assessment model based on social and customer data. In turn, this allows the company to provide consumer financing, which has grown significantly in recent times.
One Finance is able, as part of a strategic partnership with CRIF, to take advantage of CRIF’s extensive resources across nearly 50 different countries. One Finance’s use of One Finance allows it to accurately assess creditworthiness, streamline credit decisions, and optimize funding strategies. It is an innovative step in the consumer finance industry.
Hazem Madani, One Finance’s vice chairman, MD, and CEO, stated that this partnership highlights the vision of each organization to become a key player in Egypt in consumer financing. Collaboration plans will provide more options of consumer financing to more people. In addition, the collaboration aims to protect and improve financial health for various groups who are negatively affected by decreasing purchasing power. One Finance will benefit from this alliance as it can expand its consumer base and become a trusted partner in the field of finance.
The companies hope to create a consumer finance ecosystem through their first-ever partnership. One Finance, a leading provider of consumer finance services, known for its exceptional systems, tailored programs that cater to a broad range of customers, and their ability to adapt to the needs of individuals, has partnered up with CRIF.
Egyptians have access to one of the largest credit lines available in the country. Financing options range from EGP 10k up to EGP 6M.
CRIF is an Italian company specializing in managing credit information and ratings. They also offer data analysis services, added-value products, and loans management. More than 10 500 financial institutions use the services of the Italian company CRIF around the globe. 600 insurance companies also utilize the service. 82,000 commercial customers and over 1,000,000 people use it daily on four continents.
