Creditinfo Tanzania, the first licensed and operational credit reference bureau in Tanzania, in cooperation with the Creditinfo Academy, recently delivered a 2 day “Introduction to Risk Management” training course in Dar Es Salaam, Tanzania.
The interactive workshop took place at the Ledger Plaza Beach Hotel on 21st and 22nd October 2014 with attendees including senior bankers, micro-finance and other professionals responsible for maintaining top quality loan portfolios, identifying risk management opportunities and designing financial solutions for clients in an evolving credit environment.
Paul Randall, Director of Business Development, Creditinfo International and lead trainer for the session explained that “with the introduction of Credit bureau in Tanzania and South Sudan it is accepted by financial institutions that they need to rethink credit policies, procedures, and risks they are taking. This comprehensive training provides the members of credit risk and operational management teams with knowledge and support to better understand the developments in Tanzania with the credit information sharing initiative and how they can adapt their process, in accordance with these changes.”
Accrording to Davith Kahwa, Executive Director of Creditinfo Tanzania , companies who have integrated the system to their credit assessment processes have transformed and enhanced their credit risk management processes. “We are providing an extra dimension to their credit assessment process, details that previously the banks may have been unaware of.” Indicated Kahwa.
Creditinfo Tanzania provide quality data from the Bank of Tanzania’s Credit Reference Databank; automation of the capture and decisioning of new credit applications, development of bespoke scorecards and credit risk management consultancy.
Creditinfo Academy is a skills development and training provider that delivers accredited, generic and customized training services related to credit lifecycle management. The focus at Creditinfo Academy is to provide training for clients in need of skills development interventions to improve operational efficiency and overall business performance.