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Company: CR Services Plc Contact: Jameelah Ayedun Address: Plot 1669, Oyin Jolayemi Street, Victoria Island, Lagos, Nigeria Phone: 234 (1) 454 8700, 070 Website: www.crservicesplc.com
A Helping Hand for Small Businesses CR Services (Credit Bureau) PLC, in strategic technical partnership with CreditRegistry Corporation, has laid the foundation for fraud-proof, largescale consumer and small business credit in Nigeria. We profile the firm to find out more and explore the secrets behind its success. ounded in 2003, CR Services has pioneered the world’s first integration of advanced biometric technology into a credit bureau system and has laid the foundation for fraud-proof, large-scale consumer and small business credit in Nigeria. The firm’s services and robust solutions help members to efficiently manage the entire credit cycle to grow revenue and reduce risk.
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Since inception, CR Services has worked in partnership with Nigerian lenders to provide the most extensive credit information database through pioneering and innovative technology in order to conquer the challenge of consumer identity and information asymmetry in Nigeria. Trusted with Nigeria’s largest credit information database, the company has been at the forefront of providing world-class credit bureau and fraud prevention solutions to its members, including deposit money banks, primary mortgage banks, microfinance banks, merchant banks, finance companies, development finance institutions, telecom operators and other service providers. Providing information, innovation and practical know-how to the industry sets CR Services apart. This can be clearly seen in the fact that CR Services has become the world’s first and only credit bureau company to utilize advanced biometric technology to literally reinvent the methods of borrower identification.
“Through this division, CR Services has provided risk management solutions that have helped clients with new products touching every strategic and tactical element of the Credit Cycle Model – Planning, Acquiring accounts, Maintaining accounts, Collections and Remedial Management and creating Management Information Systems (MIS).”
With biometric technology, CR Services identifies consumers based not only on their personal information but also through fingerprint and facial recognition which are unique to every individual. CR Services enables creditors to know a customer’s true identity, preventing revenue loss and protecting consumers from identity theft fraud. After a successful private placement in 2007, CR Services began a significant expansion of its services through the creation of the Credit and Risk Management Division. Through this division, CR Services has provided risk management solutions that have helped clients with new products touching every strategic and tactical element of the Credit Cycle Model – Planning, Acquiring accounts, Maintaining accounts, Collections and Remedial Management and creating Management Information Systems (MIS). The firm has since grown its suite of products to empower sales and marketing efforts thus providing beneficial services to businesses that extend liability and credit-based services to its customers. Looking ahead, CR Services will continue innovating to ensure it continues to provide the solutions their clients need to succeed.
Acquisition International - February 2018 87