Through this partnership, One Finance has now access to CRIF’s extensive range of services
CRIF has partnered up with One Finance to provide an integrated platform for consumer finance. One Finance, by partnering with CRIF has access to CRIF’s extensive range of services including credit bureaus, scoring models and data analytics tools.
One Finance uses CRIF’s powerful data analytics and credit rating tools to empower consumers to save and plan in spite of the rising costs. The digital assessment models based upon customer data and behavior are particularly effective. The company can now support the consumer finance industry, which is growing rapidly in recent years.
As part of the strategic partnership, One Finance was able to use CRIF’s resources in more than 50 countries. One Finance can assess creditworthiness with accuracy and efficiency, optimize financing strategies, and streamline the credit decision making process using One Finance. This is a revolution in consumer finance.
Hazem Mdani, One Finance’s MD, CEO and deputy chairman stated that the partnership reflects both organization’s vision to be a leading player in Egypt’s consumer finance. This collaboration aims to offer a wider range of options in consumer finance for more consumers. It also aims to improve and secure the financial well-being of different groups that are affected by reduced purchasing power. This will help push financial inclusion in Egypt. The alliance will help One Finance to further establish itself as a reliable consumer finance partner that is able to expand its client base.
Through this unique partnership, both companies aim to promote the ecosystem of consumer finance. One Finance is one of the world’s largest providers of integrated consumer financing solutions. It is known for the exceptional programs and systems that are tailored to each person and cater to a variety of consumers.
Customers in Egypt have the opportunity to enjoy the most generous credit limits available. They can choose from financing plans ranging between EGP 10,000 and EGP 6,500,000.
The Italian firm CRIF specializes on the management of information about credit, ratings and data, as well as value-added service, loan management, and other services. The company is a global player with more than 10,000 financial institutions, banks, insurance companies and 82,000 commercial clients using its services on a regular basis.